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223 North Magnolia Street

223 North Magnolia Street, Adamsville, TN 38310
House in McNairy
Sold May 19, 2021
$125,000
$127,121 by Fortune Financial Corporation
Mortgage Due Jun 01, 2051
Sold Aug 23, 2013
$74,500
$76,020 by American Finance
Mortgage
Local assessors in Adamsville, TN have categorized 223 North Magnolia Street as a residential type of property. The home was built in 1969 and is 55 years old. It was most recently renovated and altered in 1982. The property's lot size has been calculated to be 22,500 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 1,500 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 223 North Magnolia Street has a total of 1,873 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 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 carport for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 composition shingle. Lots of brick 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 223 North Magnolia Street sold most recently in May 12, 2021 for a total of $125,000. If you work out the math, that's approximately a cost of $66.74 per sqft. Before that, the property was also sold for $74,500 in Aug 20, 2013. 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 $851 in taxes each year. 223 North Magnolia Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $37,175. If we break it down further, the land itself was valued at $1,050. Improvements to the property, however, were assessed at a total of $36,125. 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.

Building Features

Parking

Carport

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1982
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • 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
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 22,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,873
  • Building Area: 1,873
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,873
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HAMILTON ADDITION
  • Land Acres: 0.517
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 3

Ownership

  • Current Owner : JONES JOSHUA ALAN
  • Current Owner 2: JONES MELISSA MARIE
  • Previous Owner : SWEAT LUCKY J
  • Owner Before Previous Owner: HAZARD MYRA T
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: McNairy County School District
  • School Tax School District: 55006
  • Census Tract: 930100

Geography

  • Assessors Map Reference: 056E
  • District: 03
  • Parcel: 055056E B 00400
  • Municipality: ADAMSVILLE
  • Latitude: 35.2394
  • Longitude: -88.3934

    Address

  • Full Address: 223 N Magnolia St
  • Address - House Number: 223
  • Street Direction: N
  • Address - Street Name: Magnolia
  • Address - Suffix Type: St
  • State: TN
  • City Name: Adamsville
  • Carrier Code: R003
  • 4-Digit Zip Code: 1835
  • Zip Code: 38310

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $851
  • Tax Rate Code Area: 55A01

    Appraisal Valuation

  • Standard Deviation: 0.1277
  • Valuation Date: Feb 01, 2023
  • Confidence Score: 74
  • Final Value: 137,832
  • High Value: 155,436
  • Low Value: 120,227

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $127,121
  • First Open Lien Mortgage Lender: FORTUNE FINANCIAL CORPORATION
  • First Open Lien Mortgage Recording Date: May 19, 2021
  • First Open Lien Mortgage Loan Amount: $127,121
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $148,700
  • Market Land Value: $4,200
  • Market Improvement Value: $144,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,175
  • Assessed Land Value: $1,050
  • Assessed Improvements Value: $36,125

    Sales

  • Current Sale Contract Date: May 12, 2021
  • Current Sale Recording Date: May 19, 2021
  • Current Sale Transaction ID: 11836637656
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 121362
  • Previous Sale Recording Date: Aug 23, 2013
  • Previous Sale Contract Date: Aug 20, 2013
  • Previous Sale Amount: $74,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FORTUNE FINANCIAL CORPORATION
  • First Mortgage Transaction Date: May 19, 2021
  • First Mortgage Loan Amount: $127,121
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN FINANCE
  • Previous Mortgage Transaction Date: Aug 23, 2013
  • Previous Mortgage Loan Amount: $76,020
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Adamsville



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Frequently Asked Questions

What neighborhood is 223 North Magnolia Street located in?
The 223 North Magnolia Street is a house located in the neighborhood of McNairy in Adamsville, Adamsville.
What is the average sales price for listings in 223 North Magnolia Street?
The average sales price for units in 223 North Magnolia Street is $139,900 currently.

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