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394 Cherry Street

394 Cherry Street, Rutledge, TN 37861
Property in Grainger
Sold Apr 02, 2018
$123,000
$117,000 by Knoxville Tva Employees Cu
Mortgage Due Oct 01, 2051
Sold Feb 28, 2013
$108,500
$110,714 by Fountain City Finance
Mortgage Due Mar 01, 2043
394 Cherry Street in Rutledge, TN was first built in 1947 and is 77 years old. Although, the building on the property was most recently renovated and altered in 1986. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 394 Cherry Street has 968 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. In total, the area measurement of the land is 87,120 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 324 sqft. There is one available parking space. 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 gypsum boards such as those made of drywall, sheetrock, etc. 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 no air conditioning. As for heating, the home is utilizing no heating system. The property was last sold in Mar 29, 2018 for $123,000. That's $127.07 per sqft. Prior to that sales transaction, the property was also sold in Feb 19, 2013 for $108,500. 394 Cherry Street was last assessed in 2023. The total value of the property was assessed at $17,725. Specifically, the land the property is located on was valued at $6,825. While improvements on the property were assessed at a total of $10,900. 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 $417. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1986
  • 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
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 968
  • Building Area: 968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 968
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: G01

Ownership

  • Current Owner : BELL DONALD R
  • Previous Owner : LAKINS ZACHARY C
  • Previous Owner 2: LAKINS CHERYL
  • Owner Before Previous Owner: EDDE URIEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Grainger County School District
  • Census Tract: 500301

Geography

  • Assessors Map Reference: 049
  • District: 01
  • Parcel: 029049 06500
  • Latitude: 36.2864
  • Longitude: -83.4966

    Address

  • Full Address: 394 Cherry St
  • Address - House Number: 394
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: TN
  • City Name: Rutledge
  • Carrier Code: R006
  • 4-Digit Zip Code: 5411
  • Zip Code: 37861

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $417
  • Tax Rate Code Area: 29A00

    Appraisal Valuation

  • Standard Deviation: 0.4551
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 139,584
  • High Value: 203,113
  • Low Value: 76,054

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $117,000
  • First Open Lien Mortgage Lender: KNOXVILLE TVA EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Sep 10, 2021
  • First Open Lien Mortgage Loan Amount: $117,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $70,900
  • Market Land Value: $27,300
  • Market Improvement Value: $43,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,725
  • Assessed Land Value: $6,825
  • Assessed Improvements Value: $10,900

    Sales

  • Current Sale Contract Date: Mar 29, 2018
  • Current Sale Recording Date: Apr 02, 2018
  • Current Sale Transaction ID: 11444880431
  • Current Sale Price: $123,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18000777
  • Previous Sale Recording Date: Feb 28, 2013
  • Previous Sale Contract Date: Feb 19, 2013
  • Previous Sale Amount: $108,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Mortgage Transaction Date: Apr 02, 2018
  • First Mortgage Loan Amount: $116,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: FOUNTAIN CITY FINANCE
  • Previous Mortgage Transaction Date: Feb 28, 2013
  • Previous Mortgage Loan Amount: $110,714
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Cash
  • Previous Mortgage Loan Due Date: Mar 01, 2043

About Grainger



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Frequently Asked Questions

What neighborhood is 394 Cherry Street located in?
The 394 Cherry Street is a located in the neighborhood of Grainger in Grainger, Rutledge.
What is the average sales price for listings in 394 Cherry Street?
The average sales price for units in 394 Cherry Street is $0 currently.

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