Check Availability

116 Fair Street

116 Fair Street, Mcminnville, TN 37110
Property in Warren
Sold Jul 03, 2008
$65,000
$61,942 by Rural Housing Service
Mortgage Due Jul 03, 2041
Sold Apr 18, 2007
$15,400
Local assessors in Mcminnville, TN have categorized 116 Fair Street as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 9,148 square feet. The linear feet between the front and back of the lot was measured at 1,850 ft and the front of the lot was measured at 500 ft. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. 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 116 Fair Street has a total of 1,065 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 a open porch so you'll have a great option in the front 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. 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, 116 Fair Street was last sold in Jan 1, 1970 for $65,000. According to our calculations, that's $61.03 per sqft. Prior to that sales transaction, the property was sold for $15,400 in Jan 1, 1970. Current property owners are expected to pay $397 in taxes per year. The property on 116 Fair Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $21,475. To break that down further, the land itself was valued at $1,625. While improvements to the property were assessed at a total of $19,850. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • 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
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,065
  • Building Area: 1,065
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,065
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LANCE ADD
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 01 44, COUNTY AREA: M01

Ownership

  • Current Owner : MORRIS SHERRY
  • Previous Owner : HABITAT FOR HUMANITY
  • Owner Before Previous Owner: LANCE ERIC B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Warren County School District
  • School Tax School District: 89452
  • Census Tract: 930500

Geography

  • Assessors Map Reference: 059M
  • District: 01
  • Parcel: 089059M D 02800
  • Block: 3
  • Lot: 43-44
  • Municipality: MCMINNVILLE
  • Latitude: 35.6921
  • Longitude: -85.7652

    Address

  • Full Address: 116 Fair St
  • Address - House Number: 116
  • Address - Street Name: Fair
  • Address - Suffix Type: St
  • State: TN
  • City Name: Mcminnville
  • Carrier Code: C002
  • 4-Digit Zip Code: 1607
  • Zip Code: 37110

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $397
  • Tax Rate Code Area: 89A02

    Appraisal Valuation

  • Standard Deviation: 0.4799
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 4
  • Final Value: 155,071
  • High Value: 229,494
  • Low Value: 80,647

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $61,942
  • First Open Lien Mortgage Lender: RURAL HOUSING SERVICE
  • First Open Lien Mortgage Recording Date: Jul 03, 2008
  • First Open Lien Mortgage Loan Amount: $61,942
  • First Open Lien Mortgage Term: 395
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jul 03, 2041

    Market Valuation

  • Market Total Value: $85,900
  • Market Land Value: $6,500
  • Market Improvement Value: $79,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,475
  • Assessed Land Value: $1,625
  • Assessed Improvements Value: $19,850

    Sales

  • Current Sale Recording Date: Jul 03, 2008
  • Current Sale Transaction ID: 11439407786
  • Current Sale Price: $65,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Apr 18, 2007
  • Previous Sale Amount: $15,400
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: RURAL HOUSING SERVICE
  • First Mortgage Transaction Date: Jul 07, 2008
  • First Mortgage Loan Amount: $61,942
  • First Mortgage Terms: 395
  • First Mortgage Loan Due Date: Jul 03, 2041

About McMinnville



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 116 Fair Street located in?
The 116 Fair Street is a located in the neighborhood of Warren in McMinnville, Mcminnville.
What is the average sales price for listings in 116 Fair Street?
The average sales price for units in 116 Fair Street is $0 currently.

Neighborhoods
Quantcast