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1001 Freedman Street

1001 Freedman Street, Loudon, TN 37774
Property in Loudon
Sold Oct 04, 2021
$125,000
$93,750 by Mortgage Investors Group Inc
Mortgage Due Oct 01, 2051
Sold Sep 08, 2017
$41,000
$32,800 by Mortgage Investors Group Inc
Mortgage Due Oct 01, 2032
Local assessors in Loudon, TN have categorized 1001 Freedman Street as a residential type of property. The home was built in 1920 and is 104 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 5,449 square feet. The linear feet between the front and back of the lot was measured at 850 ft and the front of the lot was measured at 530 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1001 Freedman Street has a total of 840 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Sep 24, 2021 for $125,000. That's $148.81 per sqft. Prior to that sales transaction, the property was also sold in Sep 1, 2017 for $41,000. 1001 Freedman Street was last assessed in 2024. The total value of the property was assessed at $24,950. Specifically, the land the property is located on was valued at $3,225. While improvements on the property were assessed at a total of $21,725. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $653. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,449
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 530
  • Total Building Area: 840
  • Gross Building Area: 840
  • Building Area: 840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TOWN OF LOUDON
  • Land Acres: 0.125
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN OF LOUDON LOT: 20 01 044D G 044D 02100 000 53 X 85 M IRR

Ownership

  • Current Owner : WELCH LAVON L
  • Current Owner 2: LEE WENDY W
  • Previous Owner : IHARRIS KENNETH R
  • Owner Before Previous Owner: DODSON RUBY CHARLENE
  • Owner Before Previous Owner 2: CUMMINGS HILAH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Loudon County School District
  • School Tax School District: 53434
  • Census Tract: 060503

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 041B
  • District: 01
  • Parcel: 041B-H-020.00
  • Lot: 20
  • Municipality: LOUDON
  • Latitude: 35.7385
  • Longitude: -84.3328

    Address

  • Full Address: 1001 Freedman St
  • Address - House Number: 1001
  • Address - Street Name: Freedman
  • Address - Suffix Type: St
  • State: TN
  • City Name: Loudon
  • Carrier Code: C001
  • 4-Digit Zip Code: 1507
  • Zip Code: 37774

Valuation

    Tax

  • Total Area: 840
  • Tax Year: 2022
  • Tax Amount: $653
  • Tax Rate Code Area: 53A03

    Appraisal Valuation

  • Standard Deviation: 0.2303
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 198,205
  • High Value: 243,862
  • Low Value: 152,548

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $93,750
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Oct 04, 2021
  • First Open Lien Mortgage Loan Amount: $93,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $99,800
  • Market Land Value: $12,900
  • Market Improvement Value: $86,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $24,950
  • Assessed Land Value: $3,225
  • Assessed Improvements Value: $21,725

    Sales

  • Current Sale Contract Date: Sep 24, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Transaction ID: 11858743954
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21012670
  • Previous Sale Recording Date: Sep 08, 2017
  • Previous Sale Contract Date: Sep 01, 2017
  • Previous Sale Amount: $41,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Oct 04, 2021
  • First Mortgage Loan Amount: $93,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • Previous Mortgage Transaction Date: Sep 08, 2017
  • Previous Mortgage Loan Amount: $32,800
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2032

About Loudon



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Frequently Asked Questions

What neighborhood is 1001 Freedman Street located in?
The 1001 Freedman Street is a located in the neighborhood of Loudon in Loudon, Loudon.
What is the average sales price for listings in 1001 Freedman Street?
The average sales price for units in 1001 Freedman Street is $0 currently.

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