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1503 Underwood Street

1503 Underwood Street, Nashville, TN 37208
Sold Feb 03, 2021
$345,000
$327,750 by Security National Mortgage Co
Mortgage Due Feb 01, 2051
Sold Jul 11, 2018
$66,000
$196,000 by Meridian Capital Group Llc
Mortgage
Local assessors in Nashville, TN have categorized 1503 Underwood Street as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 2,178 square feet. The linear feet between the front and back of the lot was measured at 500 ft and the front of the lot was measured at 450 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1503 Underwood Street has a total of 1,574 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. 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 poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 roof that is made of tile. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1503 Underwood Street sold most recently in Jan 29, 2021 for a total of $345,000. If you work out the math, that's approximately a cost of $219.19 per sqft. Before that, the property was also sold for $66,000 in Jul 9, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,907 in taxes each year. The initial year of tax delinquency occurred in 2014. 1503 Underwood Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $76,750. If we break it down further, the land itself was valued at $20,250. Improvements to the property, however, were assessed at a total of $56,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,178
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,574
  • Gross Building Area: 1,639
  • Building Area: 1,574
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,574
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: D T MCGAVOCK AND OTHERS ADDITION
  • Land Acres: 0.05
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT LOT 262 D T MCGAVOCK AND OTHERS ADDITION

Ownership

  • Current Owner : MONGAN DENNIS
  • Previous Owner : HOMEFRONT PROPERTY SOLUTIONS LLC
  • Owner Before Previous Owner: HALE JEFFREY L
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 19, 2023

Neighborhood

  • School District Name: Metropolitan Nashville Public School District
  • Census Tract: 013900

Zoning

  • Zoning: RS5

Geography

  • Parcel: 081-15-0-267-00
  • Lot: 262
  • Municipality: 55-USD
  • Latitude: 36.1743
  • Longitude: -86.8038

    Address

  • Full Address: 1503 Underwood St
  • Address - House Number: 1503
  • Address - Street Name: Underwood
  • Address - Suffix Type: St
  • State: TN
  • City Name: Nashville
  • Carrier Code: C011
  • 4-Digit Zip Code: 2451
  • Zip Code: 37208

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,907
  • Intital Tax Deliquent Year: 2014
  • Tax Rate Code Area: USD

    Appraisal Valuation

  • Standard Deviation: 0.2373
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 66
  • Final Value: 542,928
  • High Value: 671,806
  • Low Value: 414,050

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $327,750
  • First Open Lien Mortgage Lender: SECURITY NATIONAL MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Feb 03, 2021
  • First Open Lien Mortgage Loan Amount: $327,750
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $307,000
  • Market Land Value: $81,000
  • Market Improvement Value: $226,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,750
  • Assessed Land Value: $20,250
  • Assessed Improvements Value: $56,500

    Sales

  • Current Sale Contract Date: Jan 29, 2021
  • Current Sale Recording Date: Feb 03, 2021
  • Current Sale Transaction ID: 11815775336
  • Current Sale Price: $345,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210203-0015345
  • Previous Sale Recording Date: Jul 11, 2018
  • Previous Sale Contract Date: Jul 09, 2018
  • Previous Sale Amount: $66,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SECURITY NATIONAL MORTGAGE CO
  • First Mortgage Transaction Date: Feb 03, 2021
  • First Mortgage Loan Amount: $327,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MERIDIAN CAPITAL GROUP LLC
  • Previous Mortgage Transaction Date: Jul 11, 2018
  • Previous Mortgage Loan Amount: $196,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Elizabeth Park



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Frequently Asked Questions

What neighborhood is 1503 Underwood Street located in?
The 1503 Underwood Street is a house located in the neighborhood of Elizabeth Park in Elizabeth Park, Nashville.
What is the average sales price for listings in 1503 Underwood Street?
The average sales price for units in 1503 Underwood Street is $355,000 , or $226/sqft. currently.

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