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267 Ootsima Way

267 Ootsima Way, Loudon, TN 37774
Land in Loudon
Sold Jul 18, 2022
$579,900
$400,000 by Home Federal Bank Of Tennessee
Mortgage Due Aug 01, 2052
Sold Sep 10, 2021
$12,500
Local assessors in Loudon, TN have categorized 267 Ootsima Way as a residential type of property. The home was built in 2022 and is 2 years old. The property's lot size has been calculated to be 11,326 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 2 partial bathrooms. 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 267 Ootsima Way has a total of 2,048 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 attached garage for those who need a place to park their vehicle. The garage on the property is 819 sqft. Do you like to entertain? The home has a unknown 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. The building has a gable or hip style roof that was made of composition shingle. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jul 15, 2022 for $579,900. That's $202.27 per sqft. Prior to that sales transaction, the property was also sold in Sep 8, 2021 for $12,500. 267 Ootsima Way was last assessed in 2024. The total value of the property was assessed at $106,350. Specifically, the land the property is located on was valued at $3,750. While improvements on the property were assessed at a total of $102,600. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $808. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Condition

New Construction

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Style: Custom
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 819
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 2,867
  • Gross Building Area: 3,083
  • Building Area: 2,048
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,048
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CHOTA HILLS
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CHOTA HILLS BLK: 7 LOT: 30 01 055O E 055O 03000 000

Ownership

  • Current Owner : FREDRICKSON TODD
  • Current Owner 2: FREDRICKSON SHARI
  • Previous Owner : PLAMADEALA VITALIE I
  • Owner Before Previous Owner: ZIMMERMANN RICHARD D
  • Owner Before Previous Owner 2: ZIMMERMANN ANNE M
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Loudon County School District
  • School Tax School District: 53957
  • Census Tract: 060504

Geography

  • Assessors Map Reference: 050M
  • District: 01
  • Parcel: 050M-A-030.00
  • Block: 7
  • Lot: 30
  • Municipality: TELLICO VILLAGE
  • Latitude: 35.703
  • Longitude: -84.2622

    Address

  • Full Address: 267 Ootsima Way
  • Address - House Number: 267
  • Address - Street Name: Ootsima
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Loudon
  • Carrier Code: R005
  • 4-Digit Zip Code: 2820
  • Zip Code: 37774

Valuation

    Tax

  • Total Area: 2,048
  • Tax Year: 2022
  • Tax Amount: $808
  • Tax Rate Code Area: 53A05

    Appraisal Valuation

  • Standard Deviation: 0.1908
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 634,499
  • High Value: 755,579
  • Low Value: 513,420

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: HOME FEDERAL BANK OF TENNESSEE
  • First Open Lien Mortgage Recording Date: Jul 18, 2022
  • First Open Lien Mortgage Loan Amount: $400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $425,400
  • Market Land Value: $15,000
  • Market Improvement Value: $410,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $106,350
  • Assessed Land Value: $3,750
  • Assessed Improvements Value: $102,600

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 18, 2022
  • Current Sale Transaction ID: 11892269317
  • Current Sale Price: $579,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 8488
  • Previous Sale Recording Date: Sep 10, 2021
  • Previous Sale Contract Date: Sep 08, 2021
  • Previous Sale Amount: $12,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME FEDERAL BANK OF TENNESSEE
  • First Mortgage Transaction Date: Jul 18, 2022
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Loan Due Date: Aug 01, 2052

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Frequently Asked Questions

What neighborhood is 267 Ootsima Way located in?
The 267 Ootsima Way is a land located in the neighborhood of Loudon in Tellico Village, Loudon.
What is the average sales price for listings in 267 Ootsima Way?
The average sales price for units in 267 Ootsima Way is $0 currently.

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