281 Summit Road

Local assessors in Madisonville, TN have categorized 281 Summit Road as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 152,460 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. If we look only at the heated or air conditioned part of the building, then 281 Summit Road has a total of 672 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. 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. 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. Residents rely on central air conditioning for their cooling 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, 281 Summit Road sold most recently in Nov 9, 2011 for a total of $33,500. If you work out the math, that's approximately a cost of $49.85 per sqft. Before that, the property was also sold for $21,900 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 $355 in taxes each year. The initial year of tax delinquency occurred in 2019. 281 Summit Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $15,850. If we break it down further, the land itself was valued at $12,125. Improvements to the property, however, were assessed at a total of $3,725. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.