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198 Nelson Road

198 Nelson Road, Lancing, TN 37770
Property in Morgan
Sold Nov 25, 2008
$35,000
$39,000 by Progressive Bank
Mortgage Due Dec 01, 2033
Sold Nov 05, 2008
$44,000
Local assessors in Lancing, TN have categorized 198 Nelson Road as a residential type of property. The home was built in 1976 and is 48 years old. It was most recently renovated and altered in 1993. The property's lot size has been calculated to be 43,560 square feet. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 198 Nelson Road has a total of 1,056 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a unknown for those who need a place to park their vehicle. The garage on the property is 252 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 average. 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 gable or hip style roof that was made of metal. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of paneling. As for flooring, was the material of choice during construction. The home's a radiant heating system is the primary heating source. The property was last sold in Jan 1, 1970 for $35,000. That's $33.14 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $44,000. 198 Nelson Road was last assessed in 2022. The total value of the property was assessed at $20,025. Specifically, the land the property is located on was valued at $1,375. While improvements on the property were assessed at a total of $18,650. 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 $544. The initial tax year of delinquency was in 2018. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • 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: Metal
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Radiant
  • Heated Square Feet: 1,056
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 11 TENANTS IN COMMON W/ROS, COUNTY AREA: M01

Ownership

  • Current Owner : MORGAN WAYNE
  • Previous Owner : PROGRESSIVE SAVINGS BANK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Morgan County School District
  • Census Tract: 110200

Geography

  • Assessors Map Reference: 084
  • District: 11
  • Parcel: 065084 02002
  • Latitude: 36.1263
  • Longitude: -84.7082

    Address

  • Full Address: 198 Nelson Rd
  • Address - House Number: 198
  • Address - Street Name: Nelson
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Lancing
  • Carrier Code: H076
  • 4-Digit Zip Code: 2624
  • Zip Code: 37770

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $544
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 65A00

    Appraisal Valuation

  • Standard Deviation: 0.1446
  • Valuation Date: Feb 01, 2023
  • Confidence Score: 71
  • Final Value: 107,399
  • High Value: 122,929
  • Low Value: 91,868

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $39,000
  • First Open Lien Mortgage Lender: PROGRESSIVE BANK
  • First Open Lien Mortgage Recording Date: Nov 25, 2008
  • First Open Lien Mortgage Loan Amount: $39,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Cash
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2033

    Market Valuation

  • Market Total Value: $80,100
  • Market Land Value: $5,500
  • Market Improvement Value: $74,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,025
  • Assessed Land Value: $1,375
  • Assessed Improvements Value: $18,650

    Sales

  • Current Sale Recording Date: Nov 25, 2008
  • Current Sale Transaction ID: 11441115069
  • Current Sale Price: $35,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Nov 05, 2008
  • Previous Sale Amount: $44,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROGRESSIVE BANK
  • First Mortgage Transaction Date: Dec 05, 2008
  • First Mortgage Loan Amount: $39,000
  • First Mortgage Terms: 299
  • First Mortgage Loan Type: Cash
  • First Mortgage Loan Due Date: Dec 01, 2033

About Morgan



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Frequently Asked Questions

What neighborhood is 198 Nelson Road located in?
The 198 Nelson Road is a located in the neighborhood of Morgan in Morgan, Lancing.
What is the average sales price for listings in 198 Nelson Road?
The average sales price for units in 198 Nelson Road is $0 currently.

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