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305 Tater Valley Road

305 Tater Valley Road, Luttrell, TN 37779
Property in Union
Sold Nov 30, 2021
$140,000
$143,220 by Mid-american Mortgage Inc
Mortgage Due Dec 01, 2051
Sold Dec 31, 2001
$99,000
Buyer
Seller
Local assessors in Luttrell, TN have categorized 305 Tater Valley Road as a residential type of property. The home was built in 1970 and is 54 years old. It was most recently renovated and altered in 1994. The property's lot size has been calculated to be 107,593 square feet. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 305 Tater Valley Road has a total of 1,232 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,232 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a mixed used garage for those who need a place to park their vehicle. The garage on the property is 720 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. 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 a packaged air conditioning unit 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, 305 Tater Valley Road sold most recently in Nov 29, 2021 for a total of $140,000. If you work out the math, that's approximately a cost of $113.64 per sqft. Before that, the property was also sold for $99,000 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 $683 in taxes each year. 305 Tater Valley Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $35,950. If we break it down further, the land itself was valued at $7,250. Improvements to the property, however, were assessed at a total of $28,700. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1970
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • 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: Full basement
  • Basement Area: 1,232
  • Garage Type: Mixed use
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 107,593
  • Total Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,232
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: EARNEST WHITSON 1/59
  • Land Acres: 2.47
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 02, COUNTY AREA: G04

Ownership

  • Current Owner : WALLACE MICHAEL A
  • Current Owner 2: WALLACE HAYLEY
  • Previous Owner : JONES RANDY L
  • Owner Before Previous Owner: GEORGE SAVAGE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Union County School District
  • Census Tract: 040101

Geography

  • Assessors Map Reference: 059
  • District: 02
  • Subdivision Tract Number: I
  • Parcel: 087059 01700
  • Latitude: 36.2467
  • Longitude: -83.7374

    Address

  • Full Address: 305 Tater Valley Rd
  • Address - House Number: 305
  • Address - Street Name: Tater Valley
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Luttrell
  • Carrier Code: R002
  • 4-Digit Zip Code: 1531
  • Zip Code: 37779

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $683
  • Tax Rate Code Area: 87A00

    Appraisal Valuation

  • Standard Deviation: 0.4798
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 4
  • Final Value: 214,853
  • High Value: 317,943
  • Low Value: 111,762

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $143,220
  • First Open Lien Mortgage Lender: MID-AMERICAN MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Nov 30, 2021
  • First Open Lien Mortgage Loan Amount: $143,220
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $143,800
  • Market Land Value: $29,000
  • Market Improvement Value: $114,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,950
  • Assessed Land Value: $7,250
  • Assessed Improvements Value: $28,700

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11871599816
  • Current Sale Price: $140,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21004056
  • Previous Sale Recording Date: Dec 31, 2001
  • Previous Sale Amount: $99,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MID-AMERICAN MORTGAGE INC
  • First Mortgage Transaction Date: Nov 30, 2021
  • First Mortgage Loan Amount: $143,220
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Dec 01, 2051

About Union



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Frequently Asked Questions

What neighborhood is 305 Tater Valley Road located in?
The 305 Tater Valley Road is a located in the neighborhood of Union in Union, Luttrell.
What is the average sales price for listings in 305 Tater Valley Road?
The average sales price for units in 305 Tater Valley Road is $0 currently.

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