1118 East 5th North Street

1118 East 5th North Street has been categorized by the local assessors in Morristown, TN as a commercial type of property. The building on the property was first built in 2008 and is 16 years old. Residents will have access to 3 full bathrooms. There are 5 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1118 East 5th North Street has 3,442 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,721 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 4,356,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of unknown. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1118 East 5th North Street was last sold in Aug 13, 2021 for $240,000. According to our calculations, that's $69.73 per sqft. Prior to that sales transaction, the property was sold for $211,500 in Mar 2, 2020. Current property owners are expected to pay $1,347 in taxes per year. The property on 1118 East 5th North Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $76,520. To break that down further, the land itself was valued at $10,200. While improvements to the property were assessed at a total of $66,320. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.