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215 Summer Street

215 Summer Street, Martin, TN 38237
Property in Weakley
Sold Jul 23, 2013
$72,000
$64,800 by Reelfoot Bank
Mortgage
Sold Jun 23, 1986
$17,500
Local assessors in Martin, TN have categorized 215 Summer Street as a residential type of property. The home was built in 1914 and is 110 years old. It was most recently renovated and altered in 1977. The property's lot size has been calculated to be 16,000 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 800 ft. 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 215 Summer Street has a total of 1,592 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 512 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 288 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 screened 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 composition shingle. 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 gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. 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, 215 Summer Street sold most recently in Jul 5, 2013 for a total of $72,000. If you work out the math, that's approximately a cost of $45.23 per sqft. Before that, the property was also sold for $17,500 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 $705 in taxes each year. 215 Summer Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $18,925. If we break it down further, the land itself was valued at $1,950. Improvements to the property, however, were assessed at a total of $16,975. 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: 1914
  • Effective Year Built: 1977
  • 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: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 512
  • Garage Type: Detached
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 16,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,592
  • Building Area: 1,592
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,592
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.367
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 02, COUNTY AREA: M30

Ownership

  • Current Owner : BARBER LAWRENCE DAVID
  • Previous Owner : AUGSBURGER IVAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Weakley County School District
  • School Tax School District: 92461
  • Census Tract: 968203

Geography

  • Assessors Map Reference: 072P
  • District: 02
  • Parcel: 092073M F 00600
  • Municipality: MARTIN
  • Latitude: 36.3398
  • Longitude: -88.8523

    Address

  • Full Address: 215 Summer St
  • Address - House Number: 215
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: TN
  • City Name: Martin
  • Carrier Code: C002
  • 4-Digit Zip Code: 3039
  • Zip Code: 38237

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $705
  • Tax Rate Code Area: 92A05

    Appraisal Valuation

  • Standard Deviation: 0.1401
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 71
  • Final Value: 218,803
  • High Value: 249,458
  • Low Value: 188,147

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $64,800
  • First Open Lien Mortgage Lender: REELFOOT BANK
  • First Open Lien Mortgage Recording Date: Jul 23, 2013
  • First Open Lien Mortgage Loan Amount: $64,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $75,700
  • Market Land Value: $7,800
  • Market Improvement Value: $67,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,925
  • Assessed Land Value: $1,950
  • Assessed Improvements Value: $16,975

    Sales

  • Current Sale Contract Date: Jul 05, 2013
  • Current Sale Recording Date: Jul 23, 2013
  • Current Sale Transaction ID: 1143243561
  • Current Sale Price: $72,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13003525
  • Previous Sale Recording Date: Jun 23, 1986
  • Previous Sale Amount: $17,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: REELFOOT BANK
  • First Mortgage Transaction Date: Jul 23, 2013
  • First Mortgage Loan Amount: $64,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Martin



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Frequently Asked Questions

What neighborhood is 215 Summer Street located in?
The 215 Summer Street is a located in the neighborhood of Weakley in Martin, Martin.
What is the average sales price for listings in 215 Summer Street?
The average sales price for units in 215 Summer Street is $0 currently.

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