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318 Cherry Street

318 Cherry Street, Sevierville, TN 37862
Commercial in Sevier
Sold May 31, 2019
$229,000
$430,000 by Citizens National Bank
Mortgage
Sold Nov 03, 2006
$63,000
Local assessors in Sevierville, TN have categorized 318 Cherry Street as a residential type of property. The home was built in 1910 and is 114 years old. It was most recently renovated and altered in 2006. The property's lot size has been calculated to be 6,446,880 square feet. The linear feet between the front and back of the lot was measured at 1,600 ft and the front of the lot was measured at 1,480 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. 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 318 Cherry Street has a total of 3,818 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 266 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back 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 - B. The building has a gable or hip style roof that was made of metal. 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 paneling. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in May 31, 2019 for $229,000. That's $59.98 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $63,000. 318 Cherry Street was last assessed in 2024. The total value of the property was assessed at $76,450. Specifically, the land the property is located on was valued at $13,775. While improvements on the property were assessed at a total of $62,675. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $650. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Siding

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Custom
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 266
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,446,880
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 1,480
  • Total Building Area: 3,818
  • Gross Building Area: 3,944
  • Building Area: 3,818
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 3,818
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HIGH SCHOOL ADDN
  • Land Acres: 148
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIGH SCHOOL ADDN PB WD40 PG 0057 BLK 000A LOT 0001 148 X 162 IRR

Ownership

  • Current Owner : MORLOCK REBEKAH KAY
  • Previous Owner : MCCARTER F NICKY
  • Previous Owner 2: MCCARTER CYNTHIA D
  • Owner Before Previous Owner: MCCARTER F NICKY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78653
  • Census Tract: 080801

Zoning

  • Zoning: HRO

Geography

  • Assessors Map Reference: 049N
  • District: 05
  • Parcel: 049N-E-015.00
  • Block: A
  • Lot: 1
  • Municipality: SEVIERVILLE
  • Latitude: 35.8634
  • Longitude: -83.5604

    Address

  • Full Address: 318 Cherry St
  • Address - House Number: 318
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: TN
  • City Name: Sevierville
  • Carrier Code: C002
  • 4-Digit Zip Code: 3809
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 1,909
  • Tax Year: 2023
  • Tax Amount: $650
  • Tax Rate Code Area: 78A04

    Appraisal Valuation

  • Standard Deviation: 0.2477
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 65
  • Final Value: 467,889
  • High Value: 583,813
  • Low Value: 351,965

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $430,000
  • First Open Lien Mortgage Lender: CITIZENS NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Apr 06, 2021
  • First Open Lien Mortgage Loan Amount: $430,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $305,800
  • Market Land Value: $55,100
  • Market Improvement Value: $250,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $76,450
  • Assessed Land Value: $13,775
  • Assessed Improvements Value: $62,675

    Sales

  • Current Sale Contract Date: May 31, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Transaction ID: 11610590995
  • Current Sale Price: $229,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19016678
  • Previous Sale Recording Date: Nov 03, 2006
  • Previous Sale Amount: $63,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: May 31, 2019
  • First Mortgage Loan Amount: $206,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

About Sevierville



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Frequently Asked Questions

What neighborhood is 318 Cherry Street located in?
The 318 Cherry Street is a commercial located in the neighborhood of Sevier in Sevierville, Sevierville.
What is the average sales price for listings in 318 Cherry Street?
The average sales price for units in 318 Cherry Street is $0 currently.

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