524 Elm St, Smithville, TN, 37166
About This Home
Exceptional Investment Opportunity – Two Homes for the Price of One! Unlock incredible income potential with this rare and versatile property in Smithville. Whether you're looking to expand your investment portfolio, generate rental income, create a multi-generational living arrangement, or offset your mortgage by living in one side and renting the other, this property offers endless possibilities. Tucked away on a peaceful private street and situated on nearly an acre of land, this unique property features 6 bedrooms, 4.5 bathrooms, and 2 full kitchens. Designed to function as either one expansive residence or two separate living spaces, it provides the flexibility today's buyers are searching for. Separate entrances and dividing doors allow each side to operate independently while still offering the option to easily convert the property back into one large home. The layout is ideal for long-term rentals, short-term rental opportunities (subject to local regulations), guest quarters, or a private in-law suite. Enjoy the privacy and tranquility of country living while remaining conveniently close to the heart of Smithville. Properties offering this level of versatility, income potential, and living space rarely come available. Whether you're an investor, homeowner, or both, this is a unique opportunity to maximize value and create multiple streams of opportunity from one exceptional property.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1968
Materials
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Electric Oven,Electric Range,Trash Compactor,Dishwasher,Disposal,Microwave,Refrigerator
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bedrooms: 6
Features
- Flooring: Wood
- Finished area above ground: 3,000
Heating & Cooling
- Heating features: Central
- Cooling features: Electric
Interior Area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Details
- Parcel number: 064 01407 000
- Special condition: Standard
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.94 Acres
Parking
- Total spaces: 4
- Parking features: Attached
- Covered spaces: 4
- Carport: Yes
- Carport spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Drought
- Earthquake
- Hail
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,875 | $22,500 |
| Home Insurance | $218 | $2,616 |
| Property Taxes | $105 | $1,260 |
| Electricity | $243 | $2,925 |
| Total | $2,441 | $29,292 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-17 | Price change | $370,900 |
| 2026-05-22 | Listed for sale | $385,900 |
| 2025-06-17 | Listing removed | $429,900 |
| 2024-11-26 | Listed for sale | $429,900 |
| 1998-12-10 | Sold | $55,000 |
| 1997-01-13 | Sold | $60,000 |
| 1996-11-07 | Sold | $50,000 |
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