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541 S Royal St, Jackson, TN, 38301

$360,000

Home List Price

$4,275*

Closing Credit

0 Baths
4,789 SqFt
$75/SqFt
House
Schools Nearby

Location

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541 S Royal St, Jackson$360,000

Buyer Closing Credits

$4,275*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAsphalt
Year Built1920
HeatingCentral
CoolingCentral Air
MLS #2635800
StatusActive

About 541 S Royal St

541 South Royal Street, a prime property for the first-time or savvy Multifamily investor looking to expand their portfolio. This 4,789 SF building, encompassing 4 units, offers historic southern charm having been built in 1920, while boasting modern updates from a recent 2024 renovation to primarily the interiors. Located in the growing Jackson market, this property is currently at 50% occupancy, presenting an opportunity for an investor to set higher market rents with their own tenants. This Quadplex boasts an excellent unit mix of two (2) - 2 Bedroom / 1 Bath & two (2) - 3 Bedroom / 1 Bath units with Washer / Dryer hook-ups. Each unit is metered for electric and gas which contains their own individual water heater. Each unit is equipped with its own stove range, oven, and refrigerator. With its attractive blend of character and newer amenities, this property stands ready to captivate discerning investors seeking an enticing well priced multifamily opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 4,789 SqFt

Listing Office:

  • Office Name: PCG Commercial, Inc
  • Office Phone: (916) 303-0133
  • Listing Agent: Adrian Del Rio

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Asphalt

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Madison Academic Magnet High School, Public Magnet Grades 9-12
  • South Side High School, Public District Grades 9-12
  • The Montessori Elementary School At Bemis, Public Magnet Grades PK-8
  • Jackson Career Technology Magnet Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Drive onto Royal from Hwy 70, property is on the right handside

Price Information

Listing Price Info

Price Summary:

  • List Price: $360,000
  • Price Per SqFt: $75/SqFt

Tax Information:

  • Annual Amount: $2,192
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Jackson, TN.

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Jackson, TN

City

Med. List Price

$257K

Med. Price/SqFt

$138

Avg. Days On Market

166

# of Sold Homes

7

541 S Royal St vs Jackson

30 DAYS ON ROCKET

-136 Days

$360,000

+$103K More

$75/SqFt

-$64 Less

KEY TAKEAWAY

This property is $103K more than the Median List Price and $64/SqFt less than other homes in Jackson, TN.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REALTRAC
  • MLS Number: #2635800

Listing Office:

  • Office Name: PCG Commercial, Inc
  • Office Phone: (916) 303-0133
  • Listing Agent: Adrian Del Rio

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 12:48:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 03, 2020Home Sold
$45,000
Jan 02, 2020Home Sold
$150,000
Jan 03, 2011Home Sold
$39,101

Tax History

YEARPROP. TAXASSESSMENT
2020$2,192$50,840
2019$2,192$50,840
2018$2,192$50,840
2017$1,943$46,800

History based on county public records data.

Payment Calculator

$1,864

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,146

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1017751
4
/10

  • Jackson Career Technology Magnet Elementary School

  • 668 Lexington Ave

  • 1.58 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-1017752
5
/10

  • The Montessori Elementary School At Bemis

  • 230 D St

  • 2.14 miles

  • Public Magnet Grades PK-8

High School

school-card-donut-1017753
9
/10

  • Madison Academic Magnet High School

  • 179 Allen Ave

  • 1.29 miles

  • Public Magnet Grades 9-12

school-card-donut-1017754
4
/10

  • South Side High School

  • 84 Harts Bridge Rd

  • 2.67 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,683. Residents of Jackson, TN typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 541 S Royal St

What is the listing price of this property?

The listing price of 541 S Royal St property is $360,000.

What type of property is this?

The property 541 S Royal St is a house located in Jackson, Tennessee, 38301.

Is this property for sale now?

Active Listing: 541 S Royal St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 541 S Royal St are:
Jackson Career Technology Magnet Elementary School: GreatSchools Rating 4/10
The Montessori Elementary School At Bemis: GreatSchools Rating 5/10
Madison Academic Magnet High School: GreatSchools Rating 9/10
South Side High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,192 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 3, 2020 for $45,000. (source: MLS/tax record).

What is the square footage of this property?

The property 541 S Royal St is 4,789 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 541 S Royal St is 1920.

Rocket Homes›Tennessee›Madison County›Jackson›38301›541 S Royal St

This home is located at 541 S Royal St in Jackson, TN and zip code 38301. This 4,789 square foot home was built in 1920. It has been listed on Rocket Homes since March 27, 2024 and is currently priced at $360,000.

In March 2024 median list price was $257,000 and the average listing age was 166 days.

From Rocket Homes Real Estate and based on county public records data.

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