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224 Cottonwood Meadow Road

224 Cottonwood Meadow Road, Powell, TN 37849
Property in Knox
Sold Mar 01, 2024
$390,000
$233,007 by First Community Mortgage, Inc.
Mortgage Due Mar 01, 2054
Sold Feb 10, 2020
$27,000
$188,960 by Quicken Loans Inc
Mortgage Due Feb 01, 2050
Local assessors in Powell, TN have categorized 224 Cottonwood Meadow Road as a residential type of property. The home was built in 2003 and is 21 years old. It was most recently renovated and altered in 2008. The property's lot size has been calculated to be 10,176 square feet. The linear feet between the front and back of the lot was measured at 1,537 ft and the front of the lot was measured at 253 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 224 Cottonwood Meadow Road has a total of 1,872 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 attached garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. 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 good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 roof that is made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 224 Cottonwood Meadow Road was last sold in Feb 29, 2024 for $390,000. According to our calculations, that's $208.33 per sqft. Prior to that sales transaction, the property was sold for $27,000 in Jan 24, 2020. Current property owners are expected to pay $957 in taxes per year. The property on 224 Cottonwood Meadow Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $61,575. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2008
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,176
  • Lot Size Depth Feet: 1,537
  • Lot Size Frontage Feet: 253
  • Total Building Area: 1,872
  • Gross Building Area: 2,136
  • Building Area: 1,872
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,872
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COTTONWOOD S/D
  • Land Acres: 0.234
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME COTTONWOOD S/D MAPPLATB 20020905 MAPPLA TP 0019954 DIMENSIONS 25.27 X 153.7 X IRR

Ownership

  • Current Owner : STORY PAUL E
  • Current Owner 2: DRAGOVAN-STORY KARI A
  • Previous Owner : GRIGGS JAMES D
  • Previous Owner 2: GRIGGS MORGAN C
  • Owner Before Previous Owner: GRIGGS JAMES D
  • Owner Before Previous Owner 2: GRIGGS KAYLE E
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 006102

Geography

  • Assessors Map Reference: MAP #46L
  • District: COU
  • Parcel: 046LE019
  • Lot: 19
  • Municipality: COUNTY OF KNOX
  • Latitude: 36.0565
  • Longitude: -84.0157

    Address

  • Full Address: 224 Cottonwood Meadow Rd
  • Address - House Number: 224
  • Address - Street Name: Cottonwood Meadow
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Powell
  • Carrier Code: R013
  • 4-Digit Zip Code: 5472
  • Zip Code: 37849

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $957

    Appraisal Valuation

  • Standard Deviation: 0.0873
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 92
  • Final Value: 389,956
  • High Value: 424,020
  • Low Value: 355,892

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $233,007
  • First Open Lien Mortgage Lender: FIRST COMMUNITY MORTGAGE, INC.
  • First Open Lien Mortgage Recording Date: Mar 01, 2024
  • First Open Lien Mortgage Loan Amount: $233,007
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2054

    Market Valuation

  • Market Total Value: $246,300
  • Market Land Value: $30,000
  • Market Improvement Value: $216,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,575

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Transaction ID: 11923290842
  • Current Sale Price: $390,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 42083
  • Previous Sale Recording Date: Feb 10, 2020
  • Previous Sale Contract Date: Jan 24, 2020
  • Previous Sale Amount: $27,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COMMUNITY MORTGAGE, INC.
  • First Mortgage Transaction Date: Mar 01, 2024
  • First Mortgage Loan Amount: $233,007
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Feb 10, 2020
  • Previous Mortgage Loan Amount: $188,960
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2050

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Frequently Asked Questions

What neighborhood is 224 Cottonwood Meadow Road located in?
The 224 Cottonwood Meadow Road is a located in the neighborhood of Knox in Knox, Powell.
What is the average sales price for listings in 224 Cottonwood Meadow Road?
The average sales price for units in 224 Cottonwood Meadow Road is $0 currently.

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