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Morgan
124 Davidson Rd
Photo of 124 Davidson Rd
Sold on Nov 27, 2018

18

Map

Photo of 124 Davidson Rd
Photo of 124 Davidson Rd
$50,000
● Mobile Manufactured - Off Market

124 Davidson Rd

Lancing, TN 37770
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,120 Ft²
$90,909
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Refurbished home with new carpet and fresh paint on 1 acre. Split bedroom design with large master and en-suite bathroom 2 additional guest bedrooms and guest bathroom - Level private land - Home eligible for 100% financing with a THDA or VA Loan and 96.5% financing with an FHA loan - also possible seller financing available
Unit Size
1,120 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$53
Property Type
Mobile Manufactured
Property Taxes
$21
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 17 days ago (Realtracs #RTC3065799)

Price History

Date / Event Date Event Price
Nov 30, 2018 No longer available -
No longer available
Nov 27, 2018 Sold
Premium
Sold
Nov 9, 2018 Price Decreased $59,900
↓ $5K (7.7%)
Price Decreased
Sep 28, 2018 Price Increased $64,900
↑ $5K (8.4%)
Price Increased
Sep 14, 2018 Listed by New Creation Real Estate $59,900
Listed by New Creation Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 45
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1006
  • County Land Use Code: MH6
  • Mobile Home Indicator: T
  • Legal Description 1: DISTRICT: 11, COUNTY AREA: M01

Neighborhood

  • School District Name: Morgan County School District
  • Census Tract: 110200

Geography

  • Assessors Map Reference: 073
  • District: 11
  • Parcel: 065073 02503
  • Latitude: 36.1439
  • Longitude: -84.744

    Address

  • Full Address: 124 Davidson Rd
  • Address - House Number: 124
  • Address - Street Name: Davidson
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Lancing
  • Carrier Code: R001
  • 4-Digit Zip Code: 2640
  • Zip Code: 37770

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $33,300
  • Tax Rate Code Area: 65A00

    Appraisal Valuation

  • Standard Deviation: 0.1446
  • Valuation Date: Feb 01, 2023
  • Confidence Score: 71
  • Final Value: 63,339
  • High Value: 72,498
  • Low Value: 54,179

    Market Valuation

  • Market Total Value: $49,000
  • Market Land Value: $6,300
  • Market Improvement Value: $42,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,250
  • Assessed Land Value: $1,575
  • Assessed Improvements Value: $10,675

    Sales

  • Current Sale Contract Date: Nov 26, 2018
  • Current Sale Recording Date: Nov 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 65813
  • Previous Sale Recording Date: Jul 10, 2018
  • Previous Sale Contract Date: Jun 05, 2018
  • Previous Sale Amount: $38,200
  • Previous Sale Document Type: 69
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 Morgan

Stats & Trends

Median Asking:

$303,950

Sale Price/ft²

$187

Below Asking

0.01%

Average Days on Market

95

Average Home Size

1921 ft²

Average Home Age

31.7 years

Currently For Sale

67 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

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Realtracs

Listed by: MELANIE SIMS, New Creation Real Estate
Last Updated: 17 days ago
Data Source: Realtracs, MLS# RTC3065799
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 124 Davidson Road built and last sold?
The property at 124 Davidson Road was built in 2005 and last sold on Nov 26, 2018 for $50,000.
How much is this home worth?
The estimated value of the home located at 124 Davidson Road is $69,837.
What are some comparable homes to 124 Davidson Road?
There are currently no comparable homes to 124 Davidson Road.
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