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307 South Summit Street

307 South Summit Street, Tullahoma, TN 37388
House in Coffee
Sold Sep 08, 2023
$125,000
Sold May 16, 2019
$107,000
$108,080 by First Community Mortgage Inc
Mortgage Due Jun 01, 2049
307 South Summit Street in Tullahoma, TN was first built in 1937 and is 87 years old. Although, the building on the property was most recently renovated and altered in 2017. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 307 South Summit Street has 884 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 2,140. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of paneling. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a heating 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, 307 South Summit Street sold most recently in Sep 7, 2023 for a total of $125,000. If you work out the math, that's approximately a cost of $141.40 per sqft. Before that, the property was also sold for $107,000 in May 13, 2019. 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 $1,042 in taxes each year. 307 South Summit Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $26,675. If we break it down further, the land itself was valued at $1,500. Improvements to the property, however, were assessed at a total of $25,175. 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: 1937
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 2,140
  • Lot Size Frontage Feet: 500
  • Total Building Area: 884
  • Gross Building Area: 884
  • Building Area: 884
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 884
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Pipeline or right-of-way
  • Legal Description 1: 50X214

Ownership

  • Current Owner : HOOPER MICHAEL
  • Previous Owner : JOURNEY RICHARD MALCOLM
  • Previous Owner 2: JOURNEY AMBER K
  • Owner Before Previous Owner: BLACK POINT LLC
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Tullahoma City School District
  • School Tax School District: 16743
  • Census Tract: 970900

Geography

  • Assessors Map Reference: 124L
  • District: 09
  • Parcel: 124L-F-028.00
  • Municipality: TULLAHOMA
  • Latitude: 35.3645
  • Longitude: -86.1997

    Address

  • Full Address: 307 S Summit St
  • Address - House Number: 307
  • Street Direction: S
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: TN
  • City Name: Tullahoma
  • Carrier Code: C004
  • 4-Digit Zip Code: 3825
  • Zip Code: 37388

Valuation

    Tax

  • Total Area: 884
  • Tax Year: 2023
  • Tax Amount: $1,042
  • Tax Rate Code Area: 16D02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 40,262
  • High Value: 58,747
  • Low Value: 21,776

    Market Valuation

  • Market Total Value: $106,700
  • Market Land Value: $6,000
  • Market Improvement Value: $100,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $26,675
  • Assessed Land Value: $1,500
  • Assessed Improvements Value: $25,175

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 08, 2023
  • Current Sale Transaction ID: 11912573702
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6561
  • Previous Sale Recording Date: May 16, 2019
  • Previous Sale Contract Date: May 13, 2019
  • Previous Sale Amount: $107,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST COMMUNITY MORTGAGE INC
  • Previous Mortgage Transaction Date: May 16, 2019
  • Previous Mortgage Loan Amount: $108,080
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2049

About Tullahoma



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Frequently Asked Questions

What neighborhood is 307 South Summit Street located in?
The 307 South Summit Street is a house located in the neighborhood of Coffee in Tullahoma, Tullahoma.
What is the average sales price for listings in 307 South Summit Street?
The average sales price for units in 307 South Summit Street is $0 currently.

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