401 South Gay Street

401 South Gay Street has been categorized by the local assessors in Knoxville, TN as a unknown type of property. The building on the property was first built in 1910 and is 114 years old. However, we must point out that the home was most recently renovated and altered in 2000. The home comes with a single bedroom. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 401 South Gay Street has 715 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,186 ft and across the front of the lot is 583 ft. The area measurement of the land has been determined as 1,586 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with unknown control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of unknown by the local assessor. The roof of the building is made of unknown. The exterior walls of the building are made of unknown. The inside of the home is being cooled with unknown at the moment. In terms of heating, it is utilizing unknown and being fueled with unknown. Finally, the property is currently sourcing its water from unknown system. The building on the property is connected to a sewer 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, 401 South Gay Street sold most recently in Jan 6, 2005 for a total of $110,585. If you work out the math, that's approximately a cost of $154.66 per sqft. 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 $1,320 in taxes each year. 401 South Gay Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $53,325. 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 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.