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510 Cedar Lane

510 Cedar Lane, Sparta, TN 38583
House in White
Sold Jul 27, 2021
$196,000
$197,979 by Mortgage Investors Group Inc
Mortgage Due Aug 01, 2051
Sold Jul 02, 2013
$90,000
$76,500 by First National Bank Of Tenness
Mortgage
Local assessors in Sparta, TN have categorized 510 Cedar Lane as a residential type of property. The home was built in 1961 and is 63 years old. It was most recently renovated and altered in 1989. The property's lot size has been calculated to be 19,998 square feet. The linear feet between the front and back of the lot was measured at 1,980 ft and the front of the lot was measured at 1,010 ft. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. 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 510 Cedar Lane has a total of 1,248 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 full basement that is 1,248 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. 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, 510 Cedar Lane was last sold in Jul 26, 2021 for $196,000. According to our calculations, that's $157.05 per sqft. Prior to that sales transaction, the property was sold for $90,000 in Jul 1, 2013. Current property owners are expected to pay $838 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 510 Cedar Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $28,225. To break that down further, the land itself was valued at $3,750. While improvements to the property were assessed at a total of $24,475. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • 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: Full basement
  • Basement Area: 1,248
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 19,998
  • Lot Size Depth Feet: 1,980
  • Lot Size Frontage Feet: 1,010
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FANCHER SUBDIVISION
  • Land Acres: 0.459
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 1

Ownership

  • Current Owner : USREY CHRISTOPHER R
  • Previous Owner : BROYLES DAVID H
  • Owner Before Previous Owner: POLSTON BRENDA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: White County School District
  • School Tax School District: 93689
  • Census Tract: 935300

Zoning

  • Zoning: RA

Geography

  • Assessors Map Reference: 049I
  • District: 01
  • Parcel: 093049I C 05900
  • Municipality: SPARTA
  • Latitude: 35.9376
  • Longitude: -85.4772

    Address

  • Full Address: 510 Cedar Ln
  • Address - House Number: 510
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Sparta
  • Carrier Code: C001
  • 4-Digit Zip Code: 1504
  • Zip Code: 38583

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $838
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 93A02

    Appraisal Valuation

  • Standard Deviation: 0.473
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 5
  • Final Value: 184,670
  • High Value: 272,030
  • Low Value: 97,309

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $197,979
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Jul 27, 2021
  • First Open Lien Mortgage Loan Amount: $197,979
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $112,900
  • Market Land Value: $15,000
  • Market Improvement Value: $97,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,225
  • Assessed Land Value: $3,750
  • Assessed Improvements Value: $24,475

    Sales

  • Current Sale Contract Date: Jul 26, 2021
  • Current Sale Recording Date: Jul 27, 2021
  • Current Sale Transaction ID: 11845915393
  • Current Sale Price: $196,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21003494
  • Previous Sale Recording Date: Jul 02, 2013
  • Previous Sale Contract Date: Jul 01, 2013
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Jul 27, 2021
  • First Mortgage Loan Amount: $197,979
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK OF TENNESS
  • Previous Mortgage Transaction Date: Jul 02, 2013
  • Previous Mortgage Loan Amount: $76,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Sparta



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Unit for rent at 120 Anderson Street, Sparta, TN, 38583

$2,200 /mo

  • 5 Beds
  • 2 Baths
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120 Anderson Street #120 Anderson Street, Sparta, TN, 38583 Listing by Manager

Frequently Asked Questions

What neighborhood is 510 Cedar Lane located in?
The 510 Cedar Lane is a house located in the neighborhood of White in Sparta, Sparta.
What is the average sales price for listings in 510 Cedar Lane?
The average sales price for units in 510 Cedar Lane is $179,900 , or $144/sqft. currently.

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