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1240 South Water Avenue

1240 South Water Avenue, Gallatin, TN 37066
Commercial in Sumner
This has been categorized as a vacant property type. 1240 South Water Avenue has 13,001 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 111,078 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The condition of the building has been evaluated as average. The property was last sold in May 13, 2021 for $975,000. Prior to that sales transaction, the property was also sold in Jun 8, 2018 for $525,000. 1240 South Water Avenue was last assessed in 2023. The total value of the property was assessed at $215,960. Specifically, the land the property is located on was valued at $215,960. 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 $6,591. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: Average
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 111,078
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 13,001
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Vacant
  • Subdivision: PART OF THE LAND OF JOHN H THOMERSON
  • Land Acres: 2.55
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: DISTRICT: 03, COUNTY AREA: D00

Ownership

  • Current Owner : EQUITABLE ENTERPRISES INC
  • Previous Owner : KUNTZ KEVIN
  • Owner Before Previous Owner: EARP TINA M
  • Owner Before Previous Owner 2: TINA M EARP REVOCABLE LIVING T
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sumner County School District
  • School Tax School District: 83278
  • Census Tract: 020903

Geography

  • Assessors Map Reference: 135
  • District: 03
  • Parcel: 083135 01201
  • Municipality: GALLATIN
  • Latitude: 36.3626
  • Longitude: -86.4406

    Address

  • Full Address: 1240 S Water Ave
  • Address - House Number: 1240
  • Street Direction: S
  • Address - Street Name: Water
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Gallatin
  • Carrier Code: R006
  • 4-Digit Zip Code: 3999
  • Zip Code: 37066

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,591
  • Tax Rate Code Area: 83A01

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,001,327
  • First Open Lien Mortgage Lender: FIRST CITIZENS NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jun 09, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $2,001,327
  • First Open Lien Mortgage Term: 298
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: May 13, 2046

    Market Valuation

  • Market Total Value: $539,900
  • Market Land Value: $539,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,960
  • Assessed Land Value: $215,960

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: May 17, 2021
  • Current Sale Transaction ID: 11836935946
  • Current Sale Price: $975,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1364872
  • Previous Sale Recording Date: Aug 10, 2018
  • Previous Sale Contract Date: Jun 08, 2018
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: VOLUNTEER STATE BANK
  • Previous Mortgage Transaction Date: Aug 10, 2018
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $420,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 08, 2038

About Gallatin



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Frequently Asked Questions

What neighborhood is 1240 South Water Avenue located in?
The 1240 South Water Avenue is a commercial located in the neighborhood of Sumner in Gallatin, Gallatin.
What is the average sales price for listings in 1240 South Water Avenue?
The average sales price for units in 1240 South Water Avenue is $0 currently.

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