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506 Reed Terry Drive

506 Reed Terry Drive, Rogersville, TN 37857
House in Hawkins
Sold Apr 25, 2023
$168,000
$151,200 by United Wholesale Mortgage Llc
Mortgage Due May 01, 2053
Sold May 10, 2022
$83,000
506 Reed Terry Drive in Rogersville, TN was first built in 1957 and is 67 years old. Although, the building on the property was most recently renovated and altered in 1992. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 506 Reed Terry Drive has 956 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 linear feet across the front of the lot is 600 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 2,613,600 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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. 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 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 a packaged air conditioning unit. As for heating, the home is utilizing a heating system and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 506 Reed Terry Drive was last sold in Apr 21, 2023 for $168,000. According to our calculations, that's $175.73 per sqft. Prior to that sales transaction, the property was sold for $83,000 in May 10, 2022. Current property owners are expected to pay $485 in taxes per year. The property on 506 Reed Terry Drive was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $20,850. To break that down further, the land itself was valued at $2,775. While improvements to the property were assessed at a total of $18,075. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,613,600
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 956
  • Gross Building Area: 956
  • Building Area: 956
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 956
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 60
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Pipeline or right-of-way
  • Legal Description 1: 60 X 100

Ownership

  • Current Owner : LUSTER JEFFERY
  • Current Owner 2: LUSTER VALERIE
  • Previous Owner : SEAL MICHAEL D
  • Owner Before Previous Owner: MATNEY REED D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Rogersville City Schools
  • School Tax School District: 37620
  • Census Tract: 050302

Zoning

  • Zoning: HR-2

Geography

  • Assessors Map Reference: 100M
  • District: 04
  • Parcel: 100M-D-035.01
  • Municipality: ROGERSVILLE
  • Latitude: 36.4034
  • Longitude: -83.0047

    Address

  • Full Address: 506 Reid Terry Dr
  • Address - House Number: 506
  • Address - Street Name: Reid Terry
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Rogersville
  • Carrier Code: C002
  • 4-Digit Zip Code: 3504
  • Zip Code: 37857

Valuation

    Tax

  • Total Area: 956
  • Tax Year: 2023
  • Tax Amount: $485
  • Tax Rate Code Area: 37B05

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 405,159
  • High Value: 591,181
  • Low Value: 219,136

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $151,200
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 25, 2023
  • First Open Lien Mortgage Loan Amount: $151,200
  • 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: May 01, 2053

    Market Valuation

  • Market Total Value: $83,400
  • Market Land Value: $11,100
  • Market Improvement Value: $72,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $20,850
  • Assessed Land Value: $2,775
  • Assessed Improvements Value: $18,075

    Sales

  • Current Sale Contract Date: Apr 21, 2023
  • Current Sale Recording Date: Apr 25, 2023
  • Current Sale Transaction ID: 11905690331
  • Current Sale Price: $168,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2468
  • Previous Sale Recording Date: May 10, 2022
  • Previous Sale Contract Date: May 10, 2022
  • Previous Sale Amount: $83,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Apr 25, 2023
  • First Mortgage Loan Amount: $151,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

About Rogersville



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Frequently Asked Questions

What neighborhood is 506 Reed Terry Drive located in?
The 506 Reed Terry Drive is a house located in the neighborhood of Hawkins in Rogersville, Rogersville.
What is the average sales price for listings in 506 Reed Terry Drive?
The average sales price for units in 506 Reed Terry Drive is $0 currently.

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