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303 West Commercial Avenue

303 West Commercial Avenue, Monterey, TN 38574
Property in Putnam
Sold Jul 20, 2012
$60,000
$1,184,900 by Secretary Housing Urban Develo
Mortgage
Sold May 29, 2009
$18,000
Local assessors in Monterey, TN have categorized 303 West Commercial Avenue as a residential type of property. The home was built in 2012 and is 12 years old. The property's lot size has been calculated to be 30,400 square feet. The linear feet between the front and back of the lot was measured at 1,900 ft and the front of the lot was measured at 1,600 ft. As for the restroom situation, there are 11 full bathrooms. There are also 12 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 303 West Commercial Avenue has a total of 6,945 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. 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. The building has a gable or hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 303 West Commercial Avenue sold most recently in Jul 20, 2012 for a total of $60,000. If you work out the math, that's approximately a cost of $8.64 per sqft. Before that, the property was also sold for $18,000 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 $0 in taxes each year. 303 West Commercial Avenue was most recently assessed in 2022. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Bathroom Count: 12
  • Full Bathrooms: 11
  • Partial Bathrooms: 12
  • Bathroom Plumbing Fixtures: 35
  • 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: 17
  • 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: 30,400
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 1,600
  • Total Building Area: 6,945
  • Building Area: 6,945
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 6,945
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CUMB MTN COAL CO
  • Land Acres: 0.698
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: DISTRICT: 14 LOTS 7-12, P/O 6, COUNTY AREA: R01

Ownership

  • Current Owner : HIGHLAND HOMES FOR ELDERLY
  • Previous Owner : EADS BRIAN A VERA
  • Owner Before Previous Owner: HITE CLUSTER WOODROW HEIR
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Putnam County School District
  • School Tax School District: 71494
  • Census Tract: 000100

Geography

  • Assessors Map Reference: 048O
  • District: 14
  • Parcel: 071048O D 00800
  • Block: 37
  • Lot: LIST
  • Municipality: MONTEREY
  • Latitude: 36.15
  • Longitude: -85.2711

    Address

  • Full Address: 303 W Commercial Ave
  • Address - House Number: 303
  • Street Direction: W
  • Address - Street Name: Commercial
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Monterey
  • Carrier Code: C002
  • 4-Digit Zip Code: 1111
  • Zip Code: 38574

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 71A04

    Appraisal Valuation

  • Standard Deviation: 0.3809
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 23
  • Final Value: 630,107
  • High Value: 870,151
  • Low Value: 390,062

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,184,900
  • First Open Lien Mortgage Lender: SECRETARY HOUSING URBAN DEVELO
  • First Open Lien Mortgage Recording Date: Jul 20, 2012
  • First Open Lien Mortgage Loan Amount: $1,184,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $478,700
  • Market Land Value: $27,500
  • Market Improvement Value: $451,200

    Assessments Valuation

  • Assessed Year: 2022

    Exemptions

  • Religious Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 2012
  • Current Sale Recording Date: Jul 20, 2012
  • Current Sale Transaction ID: 1202417396
  • Current Sale Price: $60,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 29, 2009
  • Previous Sale Amount: $18,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SECRETARY HOUSING URBAN DEVELO
  • First Mortgage Transaction Date: Jul 20, 2012
  • First Mortgage Loan Amount: $1,184,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Monterey



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Frequently Asked Questions

What neighborhood is 303 West Commercial Avenue located in?
The 303 West Commercial Avenue is a located in the neighborhood of Putnam in Monterey, Monterey.
What is the average sales price for listings in 303 West Commercial Avenue?
The average sales price for units in 303 West Commercial Avenue is $0 currently.

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