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1508 Chestnut Street

1508 Chestnut Street, Sweetwater, TN 37874
House in Monroe
Sold Aug 26, 2021
$120,000
$114,000 by Mortgage Investors Group Inc
Mortgage Due Sep 01, 2051
Sold Sep 28, 2020
$92,000
1508 Chestnut Street has been categorized by the local assessors in Sweetwater, TN as a residential type of property. The building on the property was first built in 2017 and is 7 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 1508 Chestnut Street has 922 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,100 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 8,276 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 detached garage for those who require parking. The garage measured 672 sqft. 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 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 no air conditioning at the moment. In terms of heating, it is utilizing no heating system. 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. 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, 1508 Chestnut Street sold most recently in Aug 24, 2021 for a total of $120,000. If you work out the math, that's approximately a cost of $130.15 per sqft. Before that, the property was also sold for $92,000 in Sep 18, 2020. 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 $742 in taxes each year. 1508 Chestnut Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $20,500. If we break it down further, the land itself was valued at $3,225. Improvements to the property, however, were assessed at a total of $17,275. 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. 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.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.

Building Features

Exterior

Brick Exterior

Parking

RV Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 4
  • 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: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 672
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 500
  • Total Building Area: 922
  • Building Area: 922
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 922
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: KALE BELK
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: A01

Ownership

  • Current Owner : GAITHER SHELLIE
  • Previous Owner : BURNS DAVID E
  • Previous Owner 2: BURNS SUSAN M
  • Owner Before Previous Owner: STAGG ELIZABETH ANN
  • Owner Before Previous Owner 2: STAGG RONALD NEWTON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Sweetwater City School District
  • School Tax School District: 62710
  • Census Tract: 925200

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 023G
  • District: 01
  • Parcel: 062023G A 04400
  • Municipality: SWEETWATER
  • Latitude: 35.6045
  • Longitude: -84.4767

    Address

  • Full Address: 1508 Chestnut St
  • Address - House Number: 1508
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: TN
  • City Name: Sweetwater
  • Carrier Code: C003
  • 4-Digit Zip Code: 1221
  • Zip Code: 37874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $742
  • Tax Rate Code Area: 62B02

    Appraisal Valuation

  • Standard Deviation: 0.1341
  • Valuation Date: Feb 01, 2023
  • Confidence Score: 73
  • Final Value: 123,800
  • High Value: 140,413
  • Low Value: 107,186

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $114,000
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Aug 26, 2021
  • First Open Lien Mortgage Loan Amount: $114,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $82,000
  • Market Land Value: $12,900
  • Market Improvement Value: $69,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,500
  • Assessed Land Value: $3,225
  • Assessed Improvements Value: $17,275

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Aug 26, 2021
  • Current Sale Transaction ID: 11853730793
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21007416
  • Previous Sale Recording Date: Sep 28, 2020
  • Previous Sale Contract Date: Sep 18, 2020
  • Previous Sale Amount: $92,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Aug 26, 2021
  • First Mortgage Loan Amount: $114,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Sweetwater



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1508 Chestnut Street located in?
The 1508 Chestnut Street is a house located in the neighborhood of Monroe in Sweetwater, Sweetwater.
What is the average sales price for listings in 1508 Chestnut Street?
The average sales price for units in 1508 Chestnut Street is $130,000 , or $113/sqft. currently.

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