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Clinton 37716
116 Phillips Lane
Photo of 116 Phillips Lane
Sold on Jun 28, 2021

8

Map

Photo of 116 Phillips Lane
Photo of 116 Phillips Lane
$185,000
● House - Off Market

116 Phillips Lane

Clinton, TN 37716
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,176 Ft²
$216,341
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Beautiful and well cared for home located in the heart of Clinton that sits on a 1/2 acre lot with good backyard privacy. Updated flooring and paint with a fenced in backyard. Large crawlspace provides great extra storage. Seller to provide Home Warranty through Choice Home Warranty. Buyer to verify all information. Do not wait! This home will not last long!
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$157
Property Type
House
Property Taxes
$56
HOA Dues
-
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 7 days ago (Realtracs #RTC3614000)

Price History

Date / Event Date Event Price
Jun 28, 2021 Sold
Premium
Sold
May 15, 2021 Listed by King Real Estate Services, Inc. $184,900
Listed by King Real Estate Services, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,522
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FINAL PLAT FOR GARY LOWERY SUBDIVISION
  • Land Acres: 0000000540
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: 01 074H A 074H 01001 000

Neighborhood

  • School District Name: Clinton City School District
  • Census Tract: 021201

Geography

  • Assessors Map Reference: 074H
  • District: 01
  • Parcel: 074H-A-010.01
  • Lot: 4
  • Municipality: ANDERSON COUNTY
  • Latitude: 36.1084
  • Longitude: -84.1465

    Address

  • Full Address: 116 Phillips Ln
  • Address - House Number: 116
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Clinton
  • Carrier Code: C003
  • 4-Digit Zip Code: 2416
  • Zip Code: 37716

Valuation

    Tax

  • Total Area: 1,176
  • Tax Year: 2023
  • Tax Amount: $67,000
  • Tax Rate Code Area: 01A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 412,404
  • High Value: 601,753
  • Low Value: 223,054

    Market Valuation

  • Market Total Value: $101,900
  • Market Land Value: $13,200
  • Market Improvement Value: $88,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $25,475
  • Assessed Land Value: $3,300
  • Assessed Improvements Value: $22,175

    Sales

  • Current Sale Contract Date: Jan 29, 2024
  • Current Sale Recording Date: Feb 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 727
  • Previous Sale Recording Date: Jun 30, 2021
  • Previous Sale Contract Date: Jun 28, 2021
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Clinton

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$215

Above Asking

0.00%

Average Days on Market

86

Average Home Size

1546 ft²

Average Home Age

48.1 years

Currently For Sale

50 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Dustin Humphrey, King Real Estate Services, Inc.
Last Updated: 7 days ago
Data Source: Realtracs, MLS# RTC3614000
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 116 Phillips Lane built and last sold?
The property at 116 Phillips Lane was built in 2001 and last sold on Jan 29, 2024 for $233,000.
How much is this home worth?
The estimated value of the home located at 116 Phillips Lane is $191,786.
What are some comparable homes to 116 Phillips Lane?
There are currently no comparable homes to 116 Phillips Lane.
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