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1505 Tremont Avenue

1505 Tremont Avenue, Bristol, TN 37620
Property in Sullivan
Sold Oct 08, 2021
$189,750
$154,456 by Ark-la-tex Financial Services
Mortgage Due Nov 01, 2051
Sold Dec 27, 2018
$136,500
$139,434 by Fairway Independent Mortgage C
Mortgage Due Jan 01, 2049
1505 Tremont Avenue has been categorized by the local assessors in Bristol, TN as a residential type of property. The building on the property was first built in 1962 and is 62 years old. However, we must point out that the home was most recently renovated and altered in 2005. Residents will have access to one full bathroom. There are 2 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, 1505 Tremont Avenue has 1,640 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 partial basement that is 1,144 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 1,370 ft and across the front of the lot is 990 ft. The area measurement of the land has been determined as 13,563 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a open porch. 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 B 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 brick. 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 heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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. The property was last sold in Oct 8, 2021 for $189,750. That's $115.70 per sqft. Prior to that sales transaction, the property was also sold in Dec 21, 2018 for $136,500. 1505 Tremont Avenue was last assessed in 2022. The total value of the property was assessed at $48,100. Specifically, the land the property is located on was valued at $2,125. While improvements on the property were assessed at a total of $45,975. 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 $2,112. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: B
  • Exterior Walls Type: Brick
  • 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: Partial basement
  • Basement Area: 1,144
  • Garage Type: Carport
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 13,563
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 990
  • Total Building Area: 1,640
  • Building Area: 1,640
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,640
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TREMONT ADD
  • Land Acres: 0.311
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 17 PT 7, COUNTY AREA: A30

Ownership

  • Current Owner : LAWRENCE SEAN MICHAEL
  • Current Owner 2: LAWRENCE MICHELLE
  • Previous Owner : CUMBOW ANDREW C
  • Owner Before Previous Owner: JORDAN JONATHAN I
  • Owner Before Previous Owner 2: JORDAN HOPE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Bristol City School District
  • School Tax School District: 82090
  • Census Tract: 042801

Geography

  • Assessors Map Reference: 021P
  • District: 17
  • Parcel: 082021P B 01200
  • Block: 2
  • Lot: 6
  • Municipality: BRISTOL
  • Latitude: 36.5779
  • Longitude: -82.1831

    Address

  • Full Address: 1505 Tremont Ave
  • Address - House Number: 1505
  • Address - Street Name: Tremont
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Bristol
  • Carrier Code: C015
  • 4-Digit Zip Code: 4333
  • Zip Code: 37620

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,112
  • Tax Rate Code Area: 82A02

    Appraisal Valuation

  • Standard Deviation: 0.4967
  • Valuation Date: Oct 11, 2023
  • Final Value: 310,889
  • High Value: 465,337
  • Low Value: 156,440

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $229,456
  • First Open Lien Mortgage Lender: ARK-LA-TEX FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $154,456
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051
  • Second Open Lien Mortgage Lender: EASTMAN CU
  • Second Open Lien Mortgage Recording Date: Oct 11, 2023
  • Second Open Lien Mortgage Loan Amount: $75,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Oct 05, 2038

    Market Valuation

  • Market Total Value: $192,400
  • Market Land Value: $8,500
  • Market Improvement Value: $183,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,100
  • Assessed Land Value: $2,125
  • Assessed Improvements Value: $45,975

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859398304
  • Current Sale Price: $189,750
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21022813
  • Previous Sale Recording Date: Dec 27, 2018
  • Previous Sale Contract Date: Dec 21, 2018
  • Previous Sale Amount: $136,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARK-LA-TEX FINANCIAL SERVICES
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $154,456
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • Previous Mortgage Transaction Date: Dec 27, 2018
  • Previous Mortgage Loan Amount: $139,434
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jan 01, 2049

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Frequently Asked Questions

What neighborhood is 1505 Tremont Avenue located in?
The 1505 Tremont Avenue is a located in the neighborhood of Sullivan in Bristol, Bristol.
What is the average sales price for listings in 1505 Tremont Avenue?
The average sales price for units in 1505 Tremont Avenue is $0 currently.

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