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Madison 38305
1179 US Hwy 412
Photo of 1179 US Hwy 412
Sold on Jul 18, 2024

24

Map

Photo of 1179 US Hwy 412
Photo of 1179 US Hwy 412
$185,000
● House - Off Market

1179 US Hwy 412

Jackson, TN 38305
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
$1,036
Est. Monthly

About This Property

Take a look at this brick home situated on a 2.4 acre wooded lot on Hwy 412. Plenty of ground for chickens and gardening. Under the carpets you'll find original hardwood flooring. This home has a lot of character. The carport was enclosed and is extra space that can be used for tinkering on projects. Call your real estate professional to see this home today.
Unit Size
-
Days on Market
-
Land Size
2.42 acres
Price per sqft
-
Property Type
House
Property Taxes
$54
HOA Dues
-
Year Built
1962

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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: 3 months ago (Realtracs #RTC3126942)

Price History

Date / Event Date Event Price
Jul 18, 2024 Sold
Premium
Sold
May 1, 2024 Listed by Coldwell Banker Southern Realty $199,900
Listed by Coldwell Banker Southern Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 494
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 25
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 105,415
  • Total Building Area: 1,829
  • Gross Building Area: 2,323
  • Building Area: 1,335
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,335
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHN B WOOLFORK
  • Land Acres: 0000002420
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: JOHN B WOOLFORK PB 11 PG 454 BLK 1 LOT 101

Neighborhood

  • School District Name: Jackson-Madison Consolidated School District
  • Census Tract: 001502

Geography

  • Assessors Map Reference: 040
  • District: 04
  • Parcel: 040-010.01
  • Block: 1
  • Lot: 101
  • Latitude: 35.7028
  • Longitude: -88.6596

    Address

  • Full Address: 1179 Us Highway 412 E
  • Address - House Number: 1179
  • Street Segment Direction: E
  • Address - Street Name: Us Highway 412
  • State: TN
  • City Name: Jackson
  • Carrier Code: R005
  • 4-Digit Zip Code: 9022
  • Zip Code: 38305

Valuation

    Tax

  • Total Area: 1,335
  • Tax Year: 2022
  • Tax Amount: $64,500
  • Tax Rate Code Area: 57A00

    Appraisal Valuation

  • Standard Deviation: 0.2537
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 64
  • Final Value: 195,377
  • High Value: 244,954
  • Low Value: 145,800

    Market Valuation

  • Market Total Value: $137,700
  • Market Land Value: $18,200
  • Market Improvement Value: $119,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $34,425
  • Assessed Land Value: $4,550
  • Assessed Improvements Value: $29,875

    Sales

  • Current Sale Contract Date: Feb 23, 2017
  • Current Sale Recording Date: Mar 08, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17002437
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 Madison

Stats & Trends

Median Asking:

$276,950

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

82

Average Home Size

2998 ft²

Average Home Age

43.5 years

Currently For Sale

60 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: Amanda Harvey, Coldwell Banker Southern Realty
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3126942
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 1179 U.S. 412 built and last sold?
The property at 1179 U.S. 412 was built in 1962 and last sold on Feb 23, 2017 for $104,500.
How much is this home worth?
The estimated value of the home located at 1179 U.S. 412 is $201,899.
What are some comparable homes to 1179 U.S. 412?
There are currently no comparable homes to 1179 U.S. 412.
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