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370 Cumberland Way

370 Cumberland Way, Madison, TN 37115
Commercial in Heron Walk
Local assessors in Madison, TN have categorized 370 Cumberland Way as a office type of property. The home was built in 1965 and is 59 years old. The property's lot size has been calculated to be 99,317 square feet. The linear feet between the front and back of the lot was measured at 3,350 ft and the front of the lot was measured at 1,780 ft. 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 370 Cumberland Way has a total of 17,424 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. Moving onto specific details regarding the building. Our sources show that the building condition is poor. 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. Lots of concrete block were used in the construction of the exterior walls of the home. 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, 370 Cumberland Way sold most recently in Dec 29, 2020 for a total of $2,100,000. If you work out the math, that's approximately a cost of $116.36 per sqft. Before that, the property was also sold for $110,000 in Sep 6, 2016. 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 $26,496 in taxes each year. The initial year of tax delinquency occurred in 2022. 370 Cumberland Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $906,760. If we break it down further, the land itself was valued at $52,000. Improvements to the property, however, were assessed at a total of $854,760. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: C
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 99,317
  • Lot Size Depth Feet: 3,350
  • Lot Size Frontage Feet: 1,780
  • Total Building Area: 18,048
  • Gross Building Area: 18,048
  • Building Area: 18,048
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 17,424
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Subdivision: CHRISTIAN
  • Land Acres: 2.28
  • Standard Land Use Code: Office bldg (general)
  • Legal Description 1: LOT 13 SEVENTH DAY ADVENTIST & TENNESSEE CHRISTIAN MEDICAL CENTER REV 3 LOTS 1 & 3

Ownership

  • Current Owner : 370 CUMBERLAND WAY LLC
  • Previous Owner : FIDELITY PARTNERS GP
  • Owner Before Previous Owner: HTI MEMORIAL HOSITAL CORPORATION
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Metropolitan Nashville Public School District
  • Census Tract: 010404

Zoning

  • Zoning: OG

Geography

  • Section: V
  • Parcel: 052-03-0-190-00
  • Lot: 1,3,13
  • Municipality: 74-GSD
  • Latitude: 36.2562
  • Longitude: -86.6829

    Address

  • Full Address: 370 Cumberland Way
  • Address - House Number: 370
  • Address - Street Name: Cumberland
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Madison
  • Carrier Code: C009
  • 4-Digit Zip Code: 3170
  • Zip Code: 37115

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $26,496
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: GSD

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,100,000
  • First Open Lien Mortgage Lender: CCC BT ED 370 NASHVILLE LLC
  • First Open Lien Mortgage Recording Date: Jan 04, 2021
  • First Open Lien Mortgage Loan Amount: $1,100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 04, 2051

    Market Valuation

  • Market Total Value: $2,266,900
  • Market Land Value: $130,000
  • Market Improvement Value: $2,136,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $906,760
  • Assessed Land Value: $52,000
  • Assessed Improvements Value: $854,760

    Sales

  • Current Sale Contract Date: Dec 29, 2020
  • Current Sale Recording Date: Jan 04, 2021
  • Current Sale Transaction ID: 11810223179
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20210104-0000540
  • Previous Sale Recording Date: Sep 07, 2016
  • Previous Sale Contract Date: Sep 06, 2016
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CCC BT ED 370 NASHVILLE LLC
  • First Mortgage Transaction Date: Jan 04, 2021
  • First Mortgage Loan Amount: $1,100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 370 Cumberland Way located in?
The 370 Cumberland Way is a commercial located in the neighborhood of Heron Walk in Heron Walk, Madison.
What is the average sales price for listings in 370 Cumberland Way?
The average sales price for units in 370 Cumberland Way is $0 currently.

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