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268 West Stephenson Street

268 West Stephenson Street, Alcoa, TN 37701
Property in Blount
Sold Sep 08, 2022
$240,000
$235,653 by Van Dyk Mortgage Corporation
Mortgage Due Oct 01, 2042
Sold Dec 06, 2021
$135,000
$132,554 by Mortgage Investors Group
Mortgage Due Jan 01, 2052
268 West Stephenson Street has been categorized by the local assessors in Alcoa, TN as a residential type of property. The building on the property was first built in 1920 and is 104 years old. However, we must point out that the home was most recently renovated and altered in 2015. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 268 West Stephenson Street has 1,058 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 700 ft. The area measurement of the land has been determined as 8,750 square feet.

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. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of unknown. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal 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, 268 West Stephenson Street sold most recently in Sep 6, 2022 for a total of $240,000. If you work out the math, that's approximately a cost of $226.84 per sqft. Before that, the property was also sold for $135,000 in Dec 3, 2021. 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 $767 in taxes each year. 268 West Stephenson Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $57,500. If we break it down further, the land itself was valued at $7,500. Improvements to the property, however, were assessed at a total of $50,000. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Exterior

Block Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2015
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • 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: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,058
  • Building Area: 1,058
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,058
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SOUTH HALL
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SOUTH HALL SD 7 104

Ownership

  • Current Owner : MCFARLAND LARRY
  • Current Owner 2: MCFARLAND KATHRYN
  • Previous Owner : KNIGHT COTY R
  • Previous Owner 2: KNIGHT JENNIFER
  • Owner Before Previous Owner: WILSON ERMA J ESTATE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Alcoa City School District
  • School Tax School District: 05012
  • Census Tract: 010100

Zoning

  • Zoning: A

Geography

  • Assessors Map Reference: 046E
  • District: 09
  • Parcel: 005046E C 02600
  • Block: 7
  • Lot: 104
  • Municipality: ALCOA
  • Latitude: 35.773
  • Longitude: -83.9806

    Address

  • Full Address: 268 W Stephenson St
  • Address - House Number: 268
  • Street Direction: W
  • Address - Street Name: Stephenson
  • Address - Suffix Type: St
  • State: TN
  • City Name: Alcoa
  • Carrier Code: C001
  • 4-Digit Zip Code: 2228
  • Zip Code: 37701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $767
  • Tax Rate Code Area: 05A01

    Appraisal Valuation

  • Standard Deviation: 0.2492
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 206,608
  • High Value: 258,113
  • Low Value: 155,102

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $299,255
  • First Open Lien Mortgage Lender: VAN DYK MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Sep 08, 2022
  • First Open Lien Mortgage Loan Amount: $235,653
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2042
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Jan 26, 2024
  • Second Open Lien Mortgage Loan Amount: $63,602
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2054

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $30,000
  • Market Improvement Value: $200,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,500
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $50,000

    Sales

  • Current Sale Contract Date: Sep 06, 2022
  • Current Sale Recording Date: Sep 08, 2022
  • Current Sale Transaction ID: 11895612670
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 948678
  • Previous Sale Recording Date: Dec 06, 2021
  • Previous Sale Contract Date: Dec 03, 2021
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VAN DYK MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Sep 08, 2022
  • First Mortgage Loan Amount: $235,653
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE INVESTORS GROUP
  • Previous Mortgage Transaction Date: Dec 06, 2021
  • Previous Mortgage Loan Amount: $132,554
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2052

About Alcoa



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 268 West Stephenson Street located in?
The 268 West Stephenson Street is a located in the neighborhood of Blount in Alcoa, Alcoa.
What is the average sales price for listings in 268 West Stephenson Street?
The average sales price for units in 268 West Stephenson Street is $0 currently.

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