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264 Reagan Valley Trail

264 Reagan Valley Trail, Tellico Plains, TN 37385
Property in Monroe
Sold May 04, 2020
$120,000
$108,000 by American Financial Resources I
Mortgage Due May 01, 2050
Sold Jul 06, 2007
$118,000
264 Reagan Valley Trail has been categorized by the local assessors in Tellico Plains, TN as a residential type of property. The building on the property was first built in 2007 and is 17 years old. In addition, 264 Reagan Valley Trail has 1,488 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 242,194 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer 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, 264 Reagan Valley Trail sold most recently in Apr 17, 2020 for a total of $120,000. If you work out the math, that's approximately a cost of $80.65 per sqft. Before that, the property was also sold for $118,000 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 $463 in taxes each year. 264 Reagan Valley Trail was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $20,675. If we break it down further, the land itself was valued at $6,725. Improvements to the property, however, were assessed at a total of $13,950. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 242,194
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,488
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 5.56
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Mobile Home Indicator: T
  • Legal Description 1: DISTRICT: 04, COUNTY AREA: F01

Ownership

  • Current Owner : HERNANDEZ DAVID ANDREW
  • Previous Owner : FERGUSON KAM C
  • Previous Owner 2: FERGUSON JODI L
  • Owner Before Previous Owner: EDDIE HERNANDEZ
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 925501

Geography

  • Assessors Map Reference: 116
  • District: 04
  • Parcel: 062116 01101
  • Latitude: 35.433
  • Longitude: -84.2929

    Address

  • Full Address: 264 Reagan Valley Trl
  • Address - House Number: 264
  • Address - Street Name: Reagan Valley
  • Address - Suffix Type: Trl
  • State: TN
  • City Name: Tellico Plains
  • Carrier Code: R004
  • 4-Digit Zip Code: 5544
  • Zip Code: 37385

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $463
  • Tax Rate Code Area: 62A00

    Appraisal Valuation

  • Standard Deviation: 0.1425
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 71
  • Final Value: 125,091
  • High Value: 142,921
  • Low Value: 107,260

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $108,000
  • First Open Lien Mortgage Lender: AMERICAN FINANCIAL RESOURCES I
  • First Open Lien Mortgage Recording Date: May 04, 2020
  • First Open Lien Mortgage Loan Amount: $108,000
  • 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: May 01, 2050

    Market Valuation

  • Market Total Value: $82,700
  • Market Land Value: $26,900
  • Market Improvement Value: $55,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,675
  • Assessed Land Value: $6,725
  • Assessed Improvements Value: $13,950

    Sales

  • Current Sale Contract Date: Apr 17, 2020
  • Current Sale Recording Date: May 04, 2020
  • Current Sale Transaction ID: 11759904816
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20002559
  • Previous Sale Recording Date: Jul 06, 2007
  • Previous Sale Amount: $118,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FINANCIAL RESOURCES I
  • First Mortgage Transaction Date: May 04, 2020
  • First Mortgage Loan Amount: $108,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

About Monroe



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Frequently Asked Questions

What neighborhood is 264 Reagan Valley Trail located in?
The 264 Reagan Valley Trail is a located in the neighborhood of Monroe in Monroe, Tellico Plains.
What is the average sales price for listings in 264 Reagan Valley Trail?
The average sales price for units in 264 Reagan Valley Trail is $0 currently.

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