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McNairy 38357
340 POST OFFICE RD
Photo of 340 POST OFFICE RD
Sold on Jun 10, 2024

22

Map

Photo of 340 POST OFFICE RD
Photo of 340 POST OFFICE RD
$100,000
● Mobile Manufactured - Off Market

340 POST OFFICE RD

Michie, TN 38357
bedrooms
3 Beds
bathrooms
2 Baths
$657
Est. Monthly

About This Property

This home is located close to the MS state line and would make the perfect starter home for you and your family or a home to move to TN & retire. The home has 3 bedrooms/2 bathrooms, sits on 1.5 acres w/the perfect building spot for a shop. Beautiful front porch to sit & relax! Home has vapor barrier underneath, metal roof, new HVAC, vinyl windows, & deck is only 5 years old.
Unit Size
-
Days on Market
-
Land Size
1.50 acres
Price per sqft
-
Property Type
Mobile Manufactured
Property Taxes
$23
HOA Dues
-
Year Built
1997

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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: 2 months ago (Realtracs #RTC3009691)

Price History

Date / Event Date Event Price
Jun 10, 2024 Sold
Premium
Sold
Jun 1, 2023 Listed by Tiffany Jones Realty Group, LLC $129,000
Listed by Tiffany Jones Realty Group, LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 12
  • Construction Type: 0
  • Building Style: 45
  • Exterior Walls Type: 25
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,776
  • Total Building Area: 1,431
  • Building Area: 1,431
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,431
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001510
  • Standard Land Use Code: 1006
  • County Land Use Code: 50
  • Mobile Home Indicator: T
  • Legal Description 1: DISTRICT: 4

Neighborhood

  • School District Name: McNairy County School District
  • Census Tract: 930700

Geography

  • Assessors Map Reference: 137
  • District: 04
  • Parcel: 055137 01202
  • Municipality: MCNAIRY COUNTY-UNINCORPORATED
  • Latitude: 35.051
  • Longitude: -88.4349

    Address

  • Full Address: 340 Post Office Rd
  • Address - House Number: 340
  • Address - Street Name: Post Office
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Michie
  • Carrier Code: R002
  • 4-Digit Zip Code: 5064
  • Zip Code: 38357

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $27,700
  • Tax Rate Code Area: 55A00

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 115,714
  • High Value: 133,944
  • Low Value: 97,484

    Market Valuation

  • Market Total Value: $70,300
  • Market Land Value: $5,500
  • Market Improvement Value: $64,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,575
  • Assessed Land Value: $1,375
  • Assessed Improvements Value: $16,200

    Sales

  • Current Sale Recording Date: Jul 05, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 19, 2002
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 McNairy

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2131 ft²

Average Home Age

44 years

Currently For Sale

19 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: Tara King, Tiffany Jones Realty Group, LLC
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3009691
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 340 Post Office Road built and last sold?
The property at 340 Post Office Road was built in 1997 and last sold on Jan 1, 1970 for $35,000.
How much is this home worth?
The estimated value of the home located at 340 Post Office Road is $130,290.
What are some comparable homes to 340 Post Office Road?
There are currently no comparable homes to 340 Post Office Road.
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