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507 Lynnwood Avenue

507 Lynnwood Avenue, Lewisburg, TN 37091
Property in Marshall
Sold Nov 15, 2023
$215,000
$200,000 by Ascend Federal Credit Union
Mortgage Due Dec 01, 2053
Sold Jun 09, 2021
$150,000
$141,000 by Quicken Loans Llc
Mortgage Due Jul 01, 2051
Local assessors in Lewisburg, TN have categorized 507 Lynnwood Avenue as a residential type of property. The home was built in 1955 and is 69 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 24,674 square feet. The linear feet between the front and back of the lot was measured at 1,690 ft and the front of the lot was measured at 1,460 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 507 Lynnwood Avenue has a total of 1,370 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 325 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. The building has a gable or hip style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of paneling. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. 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, 507 Lynnwood Avenue sold most recently in Nov 14, 2023 for a total of $215,000. If you work out the math, that's approximately a cost of $156.93 per sqft. Before that, the property was also sold for $150,000 in Jun 2, 2021. 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 $1,133 in taxes each year. 507 Lynnwood Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $36,525. If we break it down further, the land itself was valued at $8,750. Improvements to the property, however, were assessed at a total of $27,775. 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: 1955
  • Effective Year Built: 1985
  • 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: Finished improved basement
  • Basement Area: 325
  • Parking Type: Attached
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 24,674
  • Lot Size Depth Feet: 1,690
  • Lot Size Frontage Feet: 1,460
  • Total Building Area: 1,370
  • Building Area: 1,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,370
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HILLCREST SEC 1
  • Land Acres: 0.566
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 3; SUBDIVISION: HILLCREST SEC 1; LOT: 8; PLAT BOOK: A; PLAT PAGE: 33

Ownership

  • Current Owner : CROWELL JAMES
  • Previous Owner : SPIVEY KELTON
  • Owner Before Previous Owner: PICKETT DAVID WAYNE
  • Owner Before Previous Owner 2: ESTATE OF SARA P LAYTON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Marshall County School District
  • School Tax School District: 59410
  • Census Tract: 955400

Geography

  • Assessors Map Reference: 064P
  • District: 03
  • Parcel: 059071A A 12000
  • Lot: 8
  • Municipality: LEWISBURG
  • Latitude: 35.4453
  • Longitude: -86.7978

    Address

  • Full Address: 507 Lynnwood Ave
  • Address - House Number: 507
  • Address - Street Name: Lynnwood
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Lewisburg
  • Carrier Code: C004
  • 4-Digit Zip Code: 3855
  • Zip Code: 37091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,133
  • Tax Rate Code Area: 59A03

    Appraisal Valuation

  • Standard Deviation: 0.3809
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 23
  • Final Value: 225,097
  • High Value: 310,849
  • Low Value: 139,344

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: ASCEND FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Nov 15, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $200,000
  • 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: Dec 01, 2053

    Market Valuation

  • Market Total Value: $146,100
  • Market Land Value: $35,000
  • Market Improvement Value: $111,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,525
  • Assessed Land Value: $8,750
  • Assessed Improvements Value: $27,775

    Sales

  • Current Sale Contract Date: Nov 14, 2023
  • Current Sale Recording Date: Nov 15, 2023
  • Current Sale Transaction ID: 11915978402
  • Current Sale Price: $215,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 247195
  • Previous Sale Recording Date: Jun 09, 2021
  • Previous Sale Contract Date: Jun 02, 2021
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ASCEND FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Nov 15, 2023
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS LLC
  • Previous Mortgage Transaction Date: Jun 09, 2021
  • Previous Mortgage Loan Amount: $141,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2051

About Lewisburg



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Frequently Asked Questions

What neighborhood is 507 Lynnwood Avenue located in?
The 507 Lynnwood Avenue is a located in the neighborhood of Marshall in Lewisburg, Lewisburg.
What is the average sales price for listings in 507 Lynnwood Avenue?
The average sales price for units in 507 Lynnwood Avenue is $0 currently.

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