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185 Welch Lane

185 Welch Lane, Bean Station, TN 37708
Property in Grainger
Sold Feb 06, 2007
$100,500
$111,000 by Ornl Fcu
Mortgage Due Dec 01, 2036
Sold Aug 23, 1993
$42,500
185 Welch Lane in Bean Station, TN was first built in 1983 and is 41 years old. Although, the building on the property was most recently renovated and altered in 1993. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 185 Welch Lane has 1,178 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. The linear feet across the front of the lot is 1,200 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 21,780 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a mixed used garage. The garage is 576 sqft. There are a total of 5 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of paneling. 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 a packaged air conditioning unit. As for heating, the home is utilizing a heating system. 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, 185 Welch Lane sold most recently in Jan 1, 1970 for a total of $100,500. If you work out the math, that's approximately a cost of $85.31 per sqft. Before that, the property was also sold for $42,500 in Jan 1, 1970. 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 $677 in taxes each year. 185 Welch Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $28,825. If we break it down further, the land itself was valued at $3,800. Improvements to the property, however, were assessed at a total of $25,025. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1993
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 576
  • Parking Space Count: 5
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,178
  • Building Area: 1,178
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,178
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.5
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 02 .50 AC, COUNTY AREA: S01

Ownership

  • Current Owner : ELLISON TIMOTHY J
  • Previous Owner : MOREY BRUCE A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Grainger County School District
  • Census Tract: 500401

Geography

  • Assessors Map Reference: 032
  • District: 02
  • Parcel: 029032 02902
  • Latitude: 36.3351
  • Longitude: -83.3583

    Address

  • Full Address: 185 Welch Ln
  • Address - House Number: 185
  • Address - Street Name: Welch
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Bean Station
  • Carrier Code: R004
  • 4-Digit Zip Code: 6004
  • Zip Code: 37708

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $677
  • Tax Rate Code Area: 29A00

    Appraisal Valuation

  • Standard Deviation: 0.4551
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 185,427
  • High Value: 269,821
  • Low Value: 101,032

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $111,000
  • First Open Lien Mortgage Lender: ORNL FCU
  • First Open Lien Mortgage Recording Date: Nov 05, 2021
  • First Open Lien Mortgage Loan Amount: $111,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2036

    Market Valuation

  • Market Total Value: $115,300
  • Market Land Value: $15,200
  • Market Improvement Value: $100,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,825
  • Assessed Land Value: $3,800
  • Assessed Improvements Value: $25,025

    Sales

  • Current Sale Recording Date: Feb 06, 2007
  • Current Sale Transaction ID: 11440864144
  • Current Sale Price: $100,500
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Aug 23, 1993
  • Previous Sale Amount: $42,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Feb 09, 2007
  • First Mortgage Loan Amount: $99,711
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2037

About Grainger



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Frequently Asked Questions

What neighborhood is 185 Welch Lane located in?
The 185 Welch Lane is a located in the neighborhood of Grainger in Grainger, Bean Station.
What is the average sales price for listings in 185 Welch Lane?
The average sales price for units in 185 Welch Lane is $0 currently.

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