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509 North Military Street

509 North Military Street, Loretto, TN 38469
Property in Lawrence
Sold Jun 28, 2022
$224,000
$211,640 by First Farmers & Merchants Bank
Mortgage Due Jul 01, 2052
Sold Feb 28, 2022
$183,000
509 North Military Street has been categorized by the local assessors in Loretto, TN as a residential type of property. The building on the property was first built in 1960 and is 64 years old. However, we must point out that the home was most recently renovated and altered in 2002. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 509 North Military Street has 1,538 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,180 ft and across the front of the lot is 1,350 ft. The area measurement of the land has been determined as 59,242 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a open porch. 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 building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a packaged air conditioning unit 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. 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, 509 North Military Street was last sold in Jun 20, 2022 for $224,000. According to our calculations, that's $145.64 per sqft. Prior to that sales transaction, the property was sold for $183,000 in Feb 8, 2022. Current property owners are expected to pay $1,031 in taxes per year. The property on 509 North Military Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $44,050. To break that down further, the land itself was valued at $5,775. While improvements to the property were assessed at a total of $38,275. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C-
  • 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: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 59,242
  • Lot Size Depth Feet: 2,180
  • Lot Size Frontage Feet: 1,350
  • Total Building Area: 1,538
  • Building Area: 1,538
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,538
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1.36
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 2

Ownership

  • Current Owner : AUGUSTINE CHADWICK BRYSON
  • Previous Owner : MMB DEVELOPMENT LLC
  • Owner Before Previous Owner: ROBERT MCFADDEN JR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lawrence County School District
  • School Tax School District: 50431
  • Census Tract: 960700

Geography

  • Assessors Map Reference: 141O
  • District: 02
  • Parcel: 050141O A 00300
  • Municipality: LORETTO
  • Latitude: 35.0882
  • Longitude: -87.4281

    Address

  • Full Address: 509 N Military St
  • Address - House Number: 509
  • Street Direction: N
  • Address - Street Name: Military
  • Address - Suffix Type: St
  • State: TN
  • City Name: Loretto
  • Carrier Code: R003
  • 4-Digit Zip Code: 2332
  • Zip Code: 38469

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,031
  • Tax Rate Code Area: 50A04

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 78,108
  • High Value: 112,339
  • Low Value: 43,876

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $211,640
  • First Open Lien Mortgage Lender: FIRST FARMERS & MERCHANTS BANK
  • First Open Lien Mortgage Recording Date: Jun 28, 2022
  • First Open Lien Mortgage Loan Amount: $211,640
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $176,200
  • Market Land Value: $23,100
  • Market Improvement Value: $153,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,050
  • Assessed Land Value: $5,775
  • Assessed Improvements Value: $38,275

    Sales

  • Current Sale Contract Date: Jun 20, 2022
  • Current Sale Recording Date: Jun 28, 2022
  • Current Sale Transaction ID: 11893267235
  • Current Sale Price: $224,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4445
  • Previous Sale Recording Date: Feb 28, 2022
  • Previous Sale Contract Date: Feb 08, 2022
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FARMERS & MERCHANTS BANK
  • First Mortgage Transaction Date: Jun 28, 2022
  • First Mortgage Loan Amount: $211,640
  • First Mortgage Loan Due Date: Jul 01, 2052

About Loretto



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Frequently Asked Questions

What neighborhood is 509 North Military Street located in?
The 509 North Military Street is a located in the neighborhood of Lawrence in Loretto, Loretto.
What is the average sales price for listings in 509 North Military Street?
The average sales price for units in 509 North Military Street is $0 currently.

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