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505 Laurel Avenue

505 Laurel Avenue, Johnson City, TN 37604
Property in Washington
Sold May 23, 2019
$259,900
$207,920 by Bank Of Tennessee
Mortgage Due Jun 01, 2049
Sold Jun 08, 2015
$215,000
$165,000 by Morgan Junius S
Mortgage
505 Laurel Avenue in Johnson City, TN was first built in 2007 and is 17 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 505 Laurel Avenue has 1,738 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. The basement is 728 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,360. In total, the area measurement of the land is 2,178,000 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 municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 428 sqft. There are a total of 2 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 brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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 air conditioning. As for heating, the home is utilizing a heat pump. 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, 505 Laurel Avenue sold most recently in May 21, 2019 for a total of $259,900. If you work out the math, that's approximately a cost of $89.81 per sqft. Before that, the property was also sold for $215,000 in Jun 5, 2015. 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 $2,010 in taxes each year. 505 Laurel Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $51,800. If we break it down further, the land itself was valued at $3,325. Improvements to the property, however, were assessed at a total of $48,475. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • 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: Wood
  • Basement Type: Partial basement
  • Basement Area: 728
  • Garage Type: Attached
  • Garage Square Area: 428
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,178,000
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,894
  • Gross Building Area: 2,894
  • Building Area: 1,738
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,738
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ROAN HEIGHTS ADD
  • Land Acres: 50
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ROAN HEIGHTS ADD PB: 163 PG: 459 BLK: 7 LOT: 25 50 X 136 IRR

Ownership

  • Current Owner : SMITH JEREMY A
  • Current Owner 2: SMITH ALISA D
  • Previous Owner : MORGAN THEODORE R
  • Previous Owner 2: MORGAN SAMANTHA E
  • Owner Before Previous Owner: CUTCHINS COLEMAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Johnson City School District
  • School Tax School District: 90371
  • Census Tract: 060800

Geography

  • Assessors Map Reference: 054F
  • District: 09
  • Parcel: 054F-P-012.01
  • Block: 7
  • Lot: 25
  • Municipality: JOHNSON CITY
  • Latitude: 36.3054
  • Longitude: -82.3525

    Address

  • Full Address: 505 Laurel Ave
  • Address - House Number: 505
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Johnson City
  • Carrier Code: C013
  • 4-Digit Zip Code: 6643
  • Zip Code: 37604

Valuation

    Tax

  • Total Area: 710
  • Tax Year: 2022
  • Tax Amount: $2,010
  • Tax Rate Code Area: 90A01

    Appraisal Valuation

  • Standard Deviation: 0.474
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 5
  • Final Value: 265,591
  • High Value: 391,503
  • Low Value: 139,678

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $207,920
  • First Open Lien Mortgage Lender: BANK OF TENNESSEE
  • First Open Lien Mortgage Recording Date: May 23, 2019
  • First Open Lien Mortgage Loan Amount: $207,920
  • 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: Jun 01, 2049

    Market Valuation

  • Market Total Value: $207,200
  • Market Land Value: $13,300
  • Market Improvement Value: $193,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,800
  • Assessed Land Value: $3,325
  • Assessed Improvements Value: $48,475

    Sales

  • Current Sale Contract Date: May 21, 2019
  • Current Sale Recording Date: May 23, 2019
  • Current Sale Transaction ID: 11609346981
  • Current Sale Price: $259,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19008048
  • Previous Sale Recording Date: Jun 08, 2015
  • Previous Sale Contract Date: Jun 05, 2015
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF TENNESSEE
  • First Mortgage Transaction Date: May 23, 2019
  • First Mortgage Loan Amount: $207,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: MORGAN JUNIUS S
  • Previous Mortgage Transaction Date: Jun 08, 2015
  • Previous Mortgage Loan Amount: $165,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Johnson City



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Frequently Asked Questions

What neighborhood is 505 Laurel Avenue located in?
The 505 Laurel Avenue is a other located in the neighborhood of Washington in Johnson City, Johnson City.
What is the average sales price for listings in 505 Laurel Avenue?
The average sales price for units in 505 Laurel Avenue is $259,900 , or $150/sqft. currently.

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