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505 27th Avenue

505 27th Avenue, Nashville, TN 37209
Property in McKissack Park
Sold Feb 10, 2021
$725,000
$580,000 by First Nb Of Middle Tennessee
Mortgage Due Feb 10, 2051
Local assessors in Nashville, TN have categorized 505 27th Avenue as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 841 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 505 27th Avenue has a total of 2,143 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 380 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on central air conditioning for their cooling system. The property was last sold in Feb 8, 2021 for $725,000. That's $338.31 per sqft. 505 27th Avenue was last assessed in 2023. The total value of the property was assessed at $282,360. Specifically, the land the property is located on was valued at $57,600. While improvements on the property were assessed at a total of $224,760. 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 $9,188. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 2020
  • Effective Year Built: 2020
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 380
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 841
  • Total Building Area: 2,143
  • Gross Building Area: 3,059
  • Building Area: 2,143
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,143
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.019
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 18 AXIS27

Ownership

  • Current Owner : POLARIS INVESTMENTS LLC
  • Previous Owner : RSD 27TH AVENUE LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Nashville-Davidson County School District
  • Census Tract: 018101

Zoning

  • Zoning: MULA

Geography

  • Parcel: 092-10-0M-018-00
  • Municipality: 55-USD
  • Latitude: 36.1563
  • Longitude: -86.8166

    Address

  • Full Address: 505 27th Ave N
  • Legal Unit: 18
  • Address - House Number: 505
  • Street Segment Direction: N
  • Address - Street Name: 27th
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Nashville
  • Zip Code: 37209

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,188
  • Tax Rate Code Area: USD

    Appraisal Valuation

  • Standard Deviation: 0.2377
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 866,614
  • High Value: 1,072,663
  • Low Value: 660,565

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $580,000
  • First Open Lien Mortgage Lender: FIRST NB OF MIDDLE TENNESSEE
  • First Open Lien Mortgage Recording Date: Feb 10, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $580,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Feb 10, 2051

    Market Valuation

  • Market Total Value: $705,900
  • Market Land Value: $144,000
  • Market Improvement Value: $561,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $282,360
  • Assessed Land Value: $57,600
  • Assessed Improvements Value: $224,760

    Sales

  • Current Sale Contract Date: Feb 08, 2021
  • Current Sale Recording Date: Feb 10, 2021
  • Current Sale Transaction ID: 11816536889
  • Current Sale Price: $725,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20210210-0018936

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NB OF MIDDLE TENNESSEE
  • First Mortgage Transaction Date: Feb 10, 2021
  • First Mortgage Loan Amount: $580,000
  • First Mortgage Loan Type: Credit Line (Revolving)

    Financing

  • First Mortgage Financing Type: Variable

About McKissack Park



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Frequently Asked Questions

What neighborhood is 505 27th Avenue located in?
The 505 27th Avenue is a located in the neighborhood of McKissack Park in McKissack Park, Nashville.
What is the average sales price for listings in 505 27th Avenue?
The average sales price for units in 505 27th Avenue is $0 currently.

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