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1641 Cherohala Skyway

1641 Cherohala Skyway, Tellico Plains, TN 37385
Property in Monroe
1641 Cherohala Skyway in Tellico Plains, TN was first built in 1997 and is 27 years old. This has been categorized as a commercial property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. The linear feet across the front of the lot is 1,100 ft and the linear feet between the front and back of the lot is 1,800. In total, the area measurement of the land is 47,480 square feet.

Learn more about the property and building on this page. There is a patio. The home has a gable or hip style roof made of metal. Water for the property is sourced from a water system. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of C-. While the interior walls are made of wood. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. 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, 1641 Cherohala Skyway was last sold in Jul 18, 2022 for $1,000,000. According to our calculations, that's $194.51 per sqft. Prior to that sales transaction, the property was sold for $500,000 in Dec 28, 2018. Current property owners are expected to pay $6,036 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 1641 Cherohala Skyway was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $225,160. To break that down further, the land itself was valued at $88,960. While improvements to the property were assessed at a total of $136,200. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Quality: C-
  • Interior Walls Type: Wood
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 47,480
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 5,141
  • Gross Building Area: 5,141
  • Building Area: 5,141
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Commercial
  • Subdivision: TELLICO VILLAGE-WITT PROP
  • Land Acres: 1.09
  • Standard Land Use Code: Restaurant
  • County Land Use Code: Royalty interest
  • Legal Description 1: DISTRICT: 04, COUNTY AREA: F01

Ownership

  • Current Owner : VSM PROPERTIES LLC
  • Previous Owner : DOUGLAS MORRIS
  • Owner Before Previous Owner: OGLE JAMES E
  • Owner Before Previous Owner 2: OGLE ANGELA M
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Monroe County School District
  • School Tax School District: 62716
  • Census Tract: 925501

Geography

  • Assessors Map Reference: 146E
  • District: 04
  • Parcel: 062146L A 01800
  • Municipality: TELLICO PLAINS
  • Latitude: 35.3579
  • Longitude: -84.2728

    Address

  • Full Address: 1641 Cherohala Skwy
  • Address - House Number: 1641
  • Address - Street Name: Cherohala
  • Address - Suffix Type: Skwy
  • State: TN
  • City Name: Tellico Plains
  • Carrier Code: R003
  • 4-Digit Zip Code: 5836
  • Zip Code: 37385

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,036
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 62B03

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: MORRIS DOUGLAS
  • First Open Lien Mortgage Recording Date: Sep 08, 2022
  • First Open Lien Mortgage Loan Amount: $750,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back

    Market Valuation

  • Market Total Value: $562,900
  • Market Land Value: $222,400
  • Market Improvement Value: $340,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $225,160
  • Assessed Land Value: $88,960
  • Assessed Improvements Value: $136,200

    Sales

  • Current Sale Contract Date: Jul 18, 2022
  • Current Sale Recording Date: Sep 08, 2022
  • Current Sale Transaction ID: 11895687291
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6707
  • Previous Sale Recording Date: Jan 03, 2019
  • Previous Sale Contract Date: Dec 28, 2018
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORRIS DOUGLAS
  • First Mortgage Transaction Date: Sep 08, 2022
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

    Previous Mortgages

  • Previous Mortgage Lender: JAMES E OGLE ETUX
  • Previous Mortgage Transaction Date: Jan 03, 2019
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About Tellico Plains



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1641 Cherohala Skyway located in?
The 1641 Cherohala Skyway is a located in the neighborhood of Monroe in Tellico Plains, Tellico Plains.
What is the average sales price for listings in 1641 Cherohala Skyway?
The average sales price for units in 1641 Cherohala Skyway is $0 currently.

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