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405 Tennessee Avenue

405 Tennessee Avenue, Athens, TN 37303
Property in McMinn
Sold Oct 05, 2021
$80,000
$65,120 by Equity Prime Mortgage Llc
Mortgage Due Oct 01, 2051
Sold Aug 14, 1999
$29,375
$23,500 by First Financial Of Tennessee
Mortgage Due Aug 02, 2014
405 Tennessee Avenue has been categorized by the local assessors in Athens, TN as a residential type of property. The building on the property was first built in 1940 and is 84 years old. However, we must point out that the home was most recently renovated and altered in 1983. 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, 405 Tennessee Avenue has 624 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 1,250 ft and across the front of the lot is 900 ft. The area measurement of the land has been determined as 10,890 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of unknown. While the interior walls have been made of paneling. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 405 Tennessee Avenue sold most recently in Sep 30, 2021 for a total of $80,000. If you work out the math, that's approximately a cost of $128.21 per sqft. Before that, the property was also sold for $29,375 in Jan 1, 1970. 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 $396 in taxes each year. 405 Tennessee Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $18,975. If we break it down further, the land itself was valued at $4,800. Improvements to the property, however, were assessed at a total of $14,175. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1940
  • Effective Year Built: 1983
  • 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: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 900
  • Total Building Area: 624
  • Building Area: 624
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 624
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: J H MCSPADDEN
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 02 02 054G B 054G 01400 000, COUNTY AREA: D01

Ownership

  • Current Owner : CABLE DAVIS MARY
  • Current Owner 2: DAVIS ROBERT A
  • Previous Owner : HARVEY VERENNA
  • Previous Owner 2: HARVEY WILLIAM
  • Owner Before Previous Owner: WATTENBARGER FRANKIE M
  • Ownership Rights Codes: Her Husband
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: McMinn County School District in Athens
  • School Tax School District: 54033
  • Census Tract: 970300

Geography

  • Assessors Map Reference: 056D
  • District: 02
  • Parcel: 054056D D 03400
  • Lot: 2 3
  • Municipality: ATHENS
  • Latitude: 35.4555
  • Longitude: -84.599

    Address

  • Full Address: 405 Tennessee Ave
  • Address - House Number: 405
  • Address - Street Name: Tennessee
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Athens
  • Carrier Code: C005
  • 4-Digit Zip Code: 2627
  • Zip Code: 37303

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $396
  • Tax Rate Code Area: 54A01

    Appraisal Valuation

  • Standard Deviation: 0.461
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 45
  • Final Value: 105,785
  • High Value: 144,748
  • Low Value: 66,822

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $67,867
  • First Open Lien Mortgage Lender: EQUITY PRIME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Loan Amount: $65,120
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Mar 20, 2023
  • Second Open Lien Mortgage Loan Amount: $2,747
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Mar 20, 2053

    Market Valuation

  • Market Total Value: $75,900
  • Market Land Value: $19,200
  • Market Improvement Value: $56,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,975
  • Assessed Land Value: $4,800
  • Assessed Improvements Value: $14,175

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Transaction ID: 11859386658
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 229785
  • Previous Sale Recording Date: Aug 14, 1999
  • Previous Sale Amount: $29,375
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY PRIME MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 05, 2021
  • First Mortgage Loan Amount: $65,120
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FINANCIAL OF TENNESSEE
  • Previous Mortgage Transaction Date: Aug 14, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $23,500
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: Aug 02, 2014

About Athens



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 405 Tennessee Avenue located in?
The 405 Tennessee Avenue is a located in the neighborhood of McMinn in Athens, Athens.
What is the average sales price for listings in 405 Tennessee Avenue?
The average sales price for units in 405 Tennessee Avenue is $0 currently.

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