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2 Majestic Oaks Drive

2 Majestic Oaks Drive, Signal Mountain, TN 37377
Sold Jul 24, 2020
$460,000
$276,000 by National Bank Of Kansas City
Mortgage Due Aug 01, 2050
Sold Sep 01, 2000
$257,500
$240,000 by Dba First Tennessee Home Loans
Mortgage Due Sep 01, 2030
2 Majestic Oaks Drive in Signal Mountain, TN was first built in 1988 and is 36 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 2 Majestic Oaks Drive has 3,250 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 1,450 ft and the linear feet between the front and back of the lot is 2,034. In total, the area measurement of the land is 29,505 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of asphalt. 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 B. The exterior walls of the home are made of wood shingle. As for heating, the home is utilizing a central 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, 2 Majestic Oaks Drive sold most recently in Jul 17, 2020 for a total of $460,000. If you work out the math, that's approximately a cost of $141.54 per sqft. Before that, the property was also sold for $257,500 in Aug 31, 2000. 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 $2,526 in taxes each year. The initial year of tax delinquency occurred in 2019. 2 Majestic Oaks Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $112,900. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Exterior Walls Type: Wood shingle
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,505
  • Lot Size Depth Feet: 2,034
  • Lot Size Frontage Feet: 1,450
  • Total Building Area: 3,250
  • Building Area: 3,250
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,250
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CHESTNUT OAKS
  • Land Acres: 0.677
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 1 CHESTNUT OAKS SUB 42-248

Ownership

  • Current Owner : YOUNG RICHARD E
  • Current Owner 2: YOUNG JESSICA C
  • Previous Owner : RUSSELL ELAINE M
  • Owner Before Previous Owner: CASURELLA REGINA P
  • Owner Before Previous Owner 2: CASURELLA REGINA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011004

Geography

  • Assessors Map Reference: MB 42 PG 248
  • Account Number: 0000122556
  • District: 3S
  • Parcel: 098J D 001
  • Lot: 1
  • Municipality: SIGNAL MOUNTAIN
  • Latitude: 35.1464
  • Longitude: -85.3269

    Address

  • Full Address: 2 Majestic Oaks Dr
  • Address - House Number: 2
  • Address - Street Name: Majestic Oaks
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Signal Mountain
  • Carrier Code: C005
  • 4-Digit Zip Code: 2600
  • Zip Code: 37377

Valuation

    Tax

  • Total Area: 3,271
  • Tax Year: 2023
  • Tax Amount: $2,526
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2389
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 692,953
  • High Value: 858,541
  • Low Value: 527,365

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $276,000
  • First Open Lien Mortgage Lender: NATIONAL BANK OF KANSAS CITY
  • First Open Lien Mortgage Recording Date: Jul 24, 2020
  • First Open Lien Mortgage Loan Amount: $276,000
  • 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: Aug 01, 2050

    Market Valuation

  • Market Total Value: $451,600
  • Market Land Value: $80,000
  • Market Improvement Value: $371,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,900

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Transaction ID: 11775918302
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020072400012
  • Previous Sale Recording Date: Sep 01, 2000
  • Previous Sale Contract Date: Aug 31, 2000
  • Previous Sale Amount: $257,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONAL BANK OF KANSAS CITY
  • First Mortgage Transaction Date: Jul 24, 2020
  • First Mortgage Loan Amount: $276,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: DBA FIRST TENNESSEE HOME LOANS
  • Previous Mortgage Transaction Date: Sep 01, 2000
  • Previous Mortgage Loan Amount: $240,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2030

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 2 Majestic Oaks Drive located in?
The 2 Majestic Oaks Drive is a located in the neighborhood of Walden - Mowbray - Flat Top Mountain in Walden - Mowbray - Flat Top Mountain, Signal Mountain.
What is the average sales price for listings in 2 Majestic Oaks Drive?
The average sales price for units in 2 Majestic Oaks Drive is $0 currently.

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