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424 King Street

424 King Street, Ridgely, TN 38080
Property in Lake
Sold Oct 26, 2017
$82,000
$80,514 by Everett Financial
Mortgage Due Nov 01, 2047
Sold Jun 27, 1984
Transfer
424 King Street has been categorized by the local assessors in Ridgely, TN as a residential type of property. The building on the property was first built in 1938 and is 86 years old. However, we must point out that the home was most recently renovated and altered in 1963. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 424 King Street has 1,828 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 1,150 ft and across the front of the lot is 850 ft. The area measurement of the land has been determined as 9,775 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. For the features and amenities located on the property. There is a carport for those who require parking. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a screened 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 brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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. There is a single fireplace in the home. Perfect for those wintery nights. 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. The property was last sold in Oct 19, 2017 for $82,000. That's $44.86 per sqft. 424 King Street was last assessed in 2022. The total value of the property was assessed at $20,050. Specifically, the land the property is located on was valued at $1,200. While improvements on the property were assessed at a total of $18,850. 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 $1,039. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C+
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 3
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 9,775
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,828
  • Building Area: 1,828
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,828
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COLLEGE H-450
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 05, COUNTY AREA: R20

Ownership

  • Current Owner : HIGDON JEFFREY
  • Current Owner 2: HIGDON TERESA
  • Previous Owner : SHULL CAROLYN C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: Lake County School District
  • School Tax School District: 48602
  • Census Tract: 960200

Geography

  • Assessors Map Reference: 057F
  • District: 05
  • Parcel: 048057F J 01000
  • Lot: 45
  • Municipality: RIDGELY
  • Latitude: 36.2655
  • Longitude: -89.4826

    Address

  • Full Address: 424 King St
  • Address - House Number: 424
  • Address - Street Name: King
  • Address - Suffix Type: St
  • State: TN
  • City Name: Ridgely
  • Carrier Code: C001
  • 4-Digit Zip Code: 1408
  • Zip Code: 38080

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,039
  • Tax Rate Code Area: 48A01

    Appraisal Valuation

  • Standard Deviation: 0.4706
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 5
  • Final Value: 153,226
  • High Value: 225,344
  • Low Value: 81,107

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $80,514
  • First Open Lien Mortgage Lender: EVERETT FINANCIAL
  • First Open Lien Mortgage Recording Date: Oct 26, 2017
  • First Open Lien Mortgage Loan Amount: $80,514
  • 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: Nov 01, 2047

    Market Valuation

  • Market Total Value: $80,200
  • Market Land Value: $4,800
  • Market Improvement Value: $75,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,050
  • Assessed Land Value: $1,200
  • Assessed Improvements Value: $18,850

    Sales

  • Current Sale Contract Date: Oct 19, 2017
  • Current Sale Recording Date: Oct 26, 2017
  • Current Sale Transaction ID: 11292959896
  • Current Sale Price: $82,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 15004
  • Previous Sale Recording Date: Jun 27, 1984
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVERETT FINANCIAL
  • First Mortgage Transaction Date: Oct 26, 2017
  • First Mortgage Loan Amount: $80,514
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2047

About Ridgely



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Frequently Asked Questions

What neighborhood is 424 King Street located in?
The 424 King Street is a located in the neighborhood of Lake in Ridgely, Ridgely.
What is the average sales price for listings in 424 King Street?
The average sales price for units in 424 King Street is $0 currently.

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