Check Availability

505 McCloud Road

505 McCloud Road, Elizabethton, TN 37643
Property in Carter
Sold Dec 13, 2021
$601,638
$420,000 by The First Bank & Trust Co
Mortgage Due Dec 20, 2036
505 McCloud Road has been categorized by the local assessors in Elizabethton, TN as a residential type of property. The building on the property was first built in 2006 and is 18 years old. However, we must point out that the home was most recently renovated and altered in 2011. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 505 McCloud Road has 1,984 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 34,412 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 both a unknown and a unknown. 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 inside of the home is being cooled with air conditioning 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. The building on the property is connected to a sewer system. 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 McCloud Road sold most recently in Dec 9, 2021 for a total of $601,638. If you work out the math, that's approximately a cost of $303.24 per sqft. 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 $495 in taxes each year. The initial year of tax delinquency occurred in 2022. 505 McCloud Road was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $22,725. If we break it down further, the land itself was valued at $5,400. Improvements to the property, however, were assessed at a total of $17,325. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2006
  • Effective Year Built: 2011
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 34,412
  • Total Building Area: 1,984
  • Gross Building Area: 1,984
  • Building Area: 1,984
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,984
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.79
  • Standard Land Use Code: Residential (general) (single)
  • Mobile Home Indicator: T
  • Legal Description 1: DISTRICT: 15, COUNTY AREA: V99

Ownership

  • Current Owner : SCALF MICHAEL
  • Current Owner 2: SCALF JONATHAN
  • Previous Owner : HAMPTON FAMILY REVOCABLE TRUST

Neighborhood

  • School District Name: Carter County School District
  • Census Tract: 070300

Geography

  • Assessors Map Reference: 049D
  • District: 15
  • Parcel: 049D-A-016.01
  • Municipality: CARTER COUNTY
  • Latitude: 36.3278
  • Longitude: -82.2065

    Address

  • Full Address: 505 Mccloud Rd
  • Address - House Number: 505
  • Address - Street Name: Mccloud
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Elizabethton
  • Carrier Code: C007
  • 4-Digit Zip Code: 4643
  • Zip Code: 37643

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $495
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 10A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 408,096
  • High Value: 595,467
  • Low Value: 220,724

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: THE FIRST BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Dec 13, 2021
  • First Open Lien Mortgage Loan Amount: $420,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Dec 20, 2036

    Market Valuation

  • Market Total Value: $90,900
  • Market Land Value: $21,600
  • Market Improvement Value: $69,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $22,725
  • Assessed Land Value: $5,400
  • Assessed Improvements Value: $17,325

    Sales

  • Current Sale Contract Date: Dec 09, 2021
  • Current Sale Recording Date: Dec 13, 2021
  • Current Sale Transaction ID: 11873549353
  • Current Sale Price: $601,638
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21009449

    Last Sale Mortgage

  • First Mortgage Lender: THE FIRST BANK & TRUST CO
  • First Mortgage Transaction Date: Dec 13, 2021
  • First Mortgage Loan Amount: $420,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Dec 20, 2036

About Carter



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 505 McCloud Road located in?
The 505 McCloud Road is a located in the neighborhood of Carter in Carter, Elizabethton.
What is the average sales price for listings in 505 McCloud Road?
The average sales price for units in 505 McCloud Road is $0 currently.

Quantcast