NOT LISTED FOR SALE

725 W Commerce St Lewisburg, TN 37091

Estimated Value: $242,000 - $616,584

5 Beds
5 Baths
5,510 Sq Ft
$86/Sq Ft Est. Value

Last Sold September 08, 2016

Last sale price $377,000 $68 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,010/month

Highlights

  • Cooling Available
  • Central Heating
  • Property has 1 Level
  • Oak Grove Elementary School Rated A
  • Carpet

About This Home

As of September 2016

Excellent opportunity to own 8 well kept rental units. All brick. Concrete parking lot. 2 units are 2 bedrooms. 6 units have 1 bedroom. Easy access to schools and I-65.

Last Agent to Sell the Property

Lynn Stocstill

Keller Williams Russell Realty & Auction License #221414 Listed on: 06/17/2016

Keller Williams Russell Realty & Auction

Co-Listed By

Christopher Elizer

Keller Williams Russell Realty & Auction License #325689

Last Buyer's Agent

Amanda Dodson

Weichert Realtors, The Space Place The Lampley GRP License #323163

Weichert Realtors, The Space Place The Lampley GRP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,877

Year Built

  • Built in 1990

Lot Details

  • 9,322

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,510 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Laminate

Schools

  • Marshall Elementary School
  • Lewisburg Middle School
  • Marshall Co High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,200
  • The owner pays for water
  • Assessor Parcel Number 059064P A 02600 000064I

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $500
  • Gross Income $4,500
  • Net Operating Income $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,877

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1990
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Above Grade Finished Sq Ft: 5510
  • Building Area Units: Square Feet
  • Living Area: 5510
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Commercial
  • Lot Size: 80X117 IRR
  • Lot Size Units: Acres
  • Parcel #: 059064P A 02600 000064I
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4500
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 4000
  • Number Of Units Total: 8
  • Annual Operating Expense: 500
  • Total Actual Rent: 2200

Tax Info

  • Tax Annual Amount: 5877

MLS Schools

  • Elementary School: Marshall Elementary
  • High School: Marshall Co High School
  • Middle Or Junior School: Lewisburg Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2021
Sold by
Brown William A and Brown Marcia J
Bought by
Robinson David G and Robinson Christy
Current Estimated Value
$471,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,450
Outstanding Balance
$63,594
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$407,552

Purchase Details

Listed on
Jun 17, 2016
Closed on
Sep 8, 2016
Sold by
Head Donna K Everett
Bought by
Brown William A and Brown Marcia J
Seller's Agent
Lynn Stocstill
Keller Williams Russell Realty & Auction
Buyer's Agent
Amanda Dodson
Weichert Realtors, The Space Place The Lampley GRP
List Price
$12,900
Sold Price
$377,000
Premium/Discount to List
$364,100
2822.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.46%

Purchase Details

Closed on
Jun 24, 2014
Sold by
First National Bank Of Pulaski
Bought by
Head Donna K Everett

Purchase Details

Closed on
Apr 16, 2010
Bought by
First National Bank Of Pulaski

Purchase Details

Closed on
Aug 26, 2004
Bought by
Johnson Joseph M

Purchase Details

Closed on
Aug 1, 1987
Bought by
Jent David
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Robinson David G $450,000 First Commerce Title
Brown William A $377,000 --
Head Donna K Everett $480,000 --
First National Bank Of Pulaski $577,400 --
Johnson Joseph M $583,000 --
Jent David $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson David G $446,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2019 11/14/19 Off Market $377,000 -- --
11/13/2018 11/13/18 For Sale $12,900 -96.6% $2 / Sq Ft
09/08/2016 09/08/16 Sold $377,000 -- $68 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $203,560 $10,640 $192,920
2023 $6,318 $203,560 $10,640 $192,920
2022 $6,318 $203,560 $10,640 $192,920
2021 $7,050 $151,560 $16,800 $134,760
2020 $7,050 $151,560 $16,800 $134,760
2019 $6,824 $151,560 $16,800 $134,760
2018 $6,749 $151,560 $16,800 $134,760
2017 $6,749 $151,560 $16,800 $134,760
2016 $6,443 $125,840 $16,000 $109,840
2015 $5,877 $125,840 $16,000 $109,840
2014 $5,877 $125,840 $16,000 $109,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1740100

Realtracs

APN: 064P-A-026.00