NOT LISTED FOR SALE

7416 Highway 76 E Springfield, TN 37172

Estimated Value: $246,000 - $340,000

-- Bed
2 Baths
1,425 Sq Ft
$216/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $600,000 $421 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $1,743/month

9 Days on Market

Highlights

  • 1.89 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Carpet
  • No HOA
  • Baseboard Heating
  • Property has 1 Level

About This Home

As of September 2022

This listing consists of 2 buildings - 4 units total with a little less than 3 acres. Springfield mailing address, but located just outside White House city limits (no city taxes) and approx 2 miles to I-65 for tenant convenient commute to Nashville. Country living with all White House city amenities. Consistently rented. Refrigerator and stove are included in each sale. Unit 7422 now will include a dishwasher as well and currently under renovation. Tenants own the Washer and Dryers in each unit. 3 units with LVP flooring,(7420 still has some carpet) new paint, new lighting, upgraded baths. All 2 beds and one bath, one level living. Drive recently blacktopped and additional gravel has been added in parking area. 7420/7422 is a different tax record but sells with this listing.

Last Agent to Sell the Property

Beverley Drewry

Benchmark Realty, LLC License #300482 Listed on: 08/21/2022

Benchmark Realty, LLC

Last Buyer's Agent

Caryn Black

Southern Roots Properties License #364802

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,259

Year Built

  • Built in 1996

Lot Details

  • 1.89 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 1,425 Sq Ft Home
  • Property has 1 Level
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Gravel Driveway
  • Unassigned Parking

Schools

  • Robert F. Woodall Elementary School
  • White House Heritage Elementary Middle School
  • White House Heritage High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $4,290
  • The owner pays for water
  • Assessor Parcel Number 105 03300 000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Jeff Bradley Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $26,400
  • Net Operating Income $26,399

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,259

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1996
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 1425
  • Building Area Units: Square Feet
  • Living Area: 1425
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Other

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 8
  • Parking Features: Gravel, Unassigned
  • Total Parking Spaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: multi unit
  • Lot Size Acres: 1.89
  • Lot Size Units: Acres
  • Parcel #: 105 03300 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 26400
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 26399
  • Number Of Units Total: 4
  • Annual Operating Expense: 1
  • Total Actual Rent: 4290

Tax Info

  • Tax Annual Amount: 1259

MLS Schools

  • Elementary School: Robert F. Woodall Elementary
  • High School: White House Heritage School
  • Middle Or Junior School: White House Heritage Elementary School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2022
Closed on
Sep 20, 2022
Sold by
Richardson Justin L
Bought by
Jacobs Kara L and Jacobs Ashley
Seller's Agent
Beverley Drewry
Benchmark Realty, LLC
Buyer's Agent
Caryn Black
Southern Roots Properties
List Price
$649,777
Sold Price
$600,000
Premium/Discount to List
-$49,777
-7.66%
Views
19
Current Estimated Value
$308,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$291,608
Avg. Annual Appreciation
-21.85%
Original Mortgage
$225,000
Outstanding Balance
$216,572
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$85,728

Purchase Details

Closed on
Oct 6, 2014
Sold by
Norfleet Melvin E
Bought by
Richardson Justin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,935
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2005
Sold by
Pedro Joseph A
Bought by
Slagle Timothy J and Slagle Stacey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,599
Interest Rate
5.7%

Purchase Details

Closed on
Jan 9, 2004
Sold by
Bradley William J
Bought by
Pedro Jospeh A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
6.03%

Purchase Details

Closed on
Jul 23, 1993
Bought by
Jones Winnie D
Source: Public Records

Range of Values:

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Average Value
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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
Jacobs Kara L -- --
Richardson Justin L $241,100 --
Slagle Timothy J $220,000 --
Pedro Jospeh A $99,000 --
Jones Winnie D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobs Kara L $225,000
Previous Owner Richardson Justin L $224,935
Previous Owner Jones Winnie D $224,599
Previous Owner Jones Winnie D $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $600,000 -7.7% $421 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/21/2022 08/21/22 For Sale $649,777 0.0% $456 / Sq Ft
05/21/2019 05/21/19 Rented -- -- --
05/21/2019 05/21/19 Under Contract -- -- --
04/23/2019 04/23/19 For Rent -- -- --
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 $1,270 $70,575 $33,350 $37,225
2023 $1,270 $70,575 $33,350 $37,225
2022 $1,259 $48,880 $11,920 $36,960
2021 $1,259 $48,880 $11,920 $36,960
2020 $1,259 $48,880 $11,920 $36,960
2019 $1,259 $48,880 $11,920 $36,960
2018 $1,259 $48,880 $11,920 $36,960
2017 $1,328 $43,040 $11,360 $31,680
2016 $1,328 $43,040 $11,360 $31,680
2015 $1,274 $43,040 $11,360 $31,680
2014 $1,274 $43,040 $11,360 $31,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2431167

Realtracs

APN: 105-033.00