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507 South Jackson Street

507 South Jackson Street, Tullahoma, TN 37388
Commercial in Coffee
This has been categorized as a vacant property type. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 2,300. In total, the area measurement of the land is 9,200 square feet.

Learn more about the property and building on this page. 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. 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 South Jackson Street sold most recently in Nov 1, 2021 for a total of $700,000. Before that, the property was also sold for $38,000 in Jan 1, 1970. 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 $501 in taxes each year. 507 South Jackson Street was most recently assessed in 2021. During this assessment, the property's total value was estimated to be about $10,000. If we break it down further, the land itself was valued at $10,000. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,200
  • Lot Size Depth Feet: 2,300
  • Lot Size Frontage Feet: 400
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Vacant
  • Land Acres: 0.211
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: DISTRICT: 09, COUNTY AREA: T10

Ownership

  • Current Owner : PALMETTO TULLAHOMA S JACKSON ST LLC
  • Previous Owner : ORTIZ KAREN WHITFIELD
  • Owner Before Previous Owner: HULVEY JAMES T
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Tullahoma City School District
  • School Tax School District: 16743
  • Census Tract: 970900

Geography

  • Assessors Map Reference: 127C
  • District: 09
  • Parcel: 016127C C 01900
  • Municipality: TULLAHOMA
  • Latitude: 35.3567
  • Longitude: -86.2063

    Address

  • Full Address: 507 S Jackson St
  • Address - House Number: 507
  • Street Direction: S
  • Address - Street Name: Jackson
  • Address - Suffix Type: St
  • State: TN
  • City Name: Tullahoma
  • Carrier Code: C001
  • 4-Digit Zip Code: 3467
  • Zip Code: 37388

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $501
  • Tax Rate Code Area: 16D02

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,156,769
  • First Open Lien Mortgage Lender: FIRST BANK
  • First Open Lien Mortgage Recording Date: Nov 04, 2021
  • First Open Lien Mortgage Loan Amount: $4,156,769
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $40,000
  • Market Land Value: $40,000

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $10,000
  • Assessed Land Value: $10,000

    Sales

  • Current Sale Contract Date: Nov 01, 2021
  • Current Sale Recording Date: Nov 04, 2021
  • Current Sale Transaction ID: 11864526997
  • Current Sale Price: $700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21011193
  • Previous Sale Recording Date: Jul 25, 1997
  • Previous Sale Amount: $38,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST BANK
  • First Mortgage Transaction Date: Nov 04, 2021
  • First Mortgage Loan Amount: $4,156,769
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Tullahoma



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Frequently Asked Questions

What neighborhood is 507 South Jackson Street located in?
The 507 South Jackson Street is a commercial located in the neighborhood of Coffee in Tullahoma, Tullahoma.
What is the average sales price for listings in 507 South Jackson Street?
The average sales price for units in 507 South Jackson Street is $0 currently.

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