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446 Old Federal Road

446 Old Federal Road, Madisonville, TN 37354
Property in Monroe
Sold Jul 26, 2021
$245,000
$232,750 by University Lending Group Llc
Mortgage Due Aug 01, 2051
Sold Dec 02, 2011
$67,000
$96,828 by Regions Bank
Mortgage
446 Old Federal Road in Madisonville, TN was first built in 1977 and is 47 years old. Although, the building on the property was most recently renovated and altered in 1981. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 446 Old Federal Road has 2,548 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 174,676 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. 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 864 sqft. There are a total of 3 available parking spaces. 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 paneling. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 446 Old Federal Road sold most recently in Jul 12, 2021 for a total of $245,000. If you work out the math, that's approximately a cost of $96.15 per sqft. Before that, the property was also sold for $67,000 in Nov 30, 2011. 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 $642 in taxes each year. 446 Old Federal Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $28,675. If we break it down further, the land itself was valued at $9,800. Improvements to the property, however, were assessed at a total of $18,875. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1977
  • Effective Year Built: 1981
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Paneling
  • 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: Detached
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 174,676
  • Total Building Area: 2,548
  • Building Area: 2,548
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 2,548
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 4.01
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 03, COUNTY AREA: E01

Ownership

  • Current Owner : HAMPTON DEREK
  • Previous Owner : LOPEZ RAMON
  • Previous Owner 2: LOPEZ ALLISON M
  • Owner Before Previous Owner: FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 925301

Geography

  • Assessors Map Reference: 103
  • District: 03
  • Parcel: 062103 00500
  • Latitude: 35.4536
  • Longitude: -84.3955

    Address

  • Full Address: 446 Old Federal Rd
  • Address - House Number: 446
  • Address - Street Name: Old Federal
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Madisonville
  • Carrier Code: R002
  • 4-Digit Zip Code: 5707
  • Zip Code: 37354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $642
  • Tax Rate Code Area: 62A00

    Appraisal Valuation

  • Standard Deviation: 0.1341
  • Valuation Date: Feb 01, 2023
  • Confidence Score: 73
  • Final Value: 162,247
  • High Value: 184,020
  • Low Value: 140,473

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $232,750
  • First Open Lien Mortgage Lender: UNIVERSITY LENDING GROUP LLC
  • First Open Lien Mortgage Recording Date: Jul 26, 2021
  • First Open Lien Mortgage Loan Amount: $232,750
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $114,700
  • Market Land Value: $39,200
  • Market Improvement Value: $75,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,675
  • Assessed Land Value: $9,800
  • Assessed Improvements Value: $18,875

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 26, 2021
  • Current Sale Transaction ID: 11845562414
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21006434
  • Previous Sale Recording Date: Dec 02, 2011
  • Previous Sale Contract Date: Nov 30, 2011
  • Previous Sale Amount: $67,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNIVERSITY LENDING GROUP LLC
  • First Mortgage Transaction Date: Jul 26, 2021
  • First Mortgage Loan Amount: $232,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: REGIONS BANK
  • Previous Mortgage Transaction Date: Dec 02, 2011
  • Previous Mortgage Loan Amount: $96,828
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Monroe



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Frequently Asked Questions

What neighborhood is 446 Old Federal Road located in?
The 446 Old Federal Road is a located in the neighborhood of Monroe in Monroe, Madisonville.
What is the average sales price for listings in 446 Old Federal Road?
The average sales price for units in 446 Old Federal Road is $0 currently.

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