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510 Magnolia Avenue

510 Magnolia Avenue, South Pittsburg, TN 37380
Property in Marion
Sold Feb 02, 2022
$299,900
$231,920 by Waterstone Mortgage Corporatio
Mortgage Due Feb 01, 2052
Sold Oct 06, 2016
$225,000
$90,000 by Tower Community Bank
Mortgage Due Nov 01, 2036
510 Magnolia Avenue in South Pittsburg, TN was first built in 1900 and is 124 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 510 Magnolia Avenue has 3,168 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 1,080 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 43,560 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. For those who need parking, there is a carport. The garage is 480 sqft. There are a total of 2 available parking spaces. 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 unknown. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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 air conditioning. As for heating, the home is utilizing a heat pump. 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, 510 Magnolia Avenue sold most recently in Jan 25, 2022 for a total of $299,900. If you work out the math, that's approximately a cost of $94.67 per sqft. Before that, the property was also sold for $225,000 in Oct 4, 2016. 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 $1,643 in taxes each year. The initial year of tax delinquency occurred in 2018. 510 Magnolia Avenue was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $65,700. If we break it down further, the land itself was valued at $6,900. Improvements to the property, however, were assessed at a total of $58,800. 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. 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!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.

Building Features

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Carport
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 3,168
  • Gross Building Area: 3,168
  • Building Area: 3,168
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 3,168
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TOWN/SOUTH PITTSBURG
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Pipeline or right-of-way
  • Legal Description 1: BLK 31 LOT 6- 108X140

Ownership

  • Current Owner : LYNCH JOSEPH
  • Current Owner 2: LYNCH OFELIA
  • Previous Owner : LOUISE NIGHBERT SUSAN
  • Owner Before Previous Owner: POST GEOFFREY J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Marion County School District
  • School Tax School District: 58686
  • Census Tract: 050301

Geography

  • Assessors Map Reference: 142P
  • District: 01
  • Parcel: 142P-A-040.00
  • Block: 31
  • Lot: 6
  • Municipality: MARION - SOUTH PITTSBURG
  • Latitude: 35.0106
  • Longitude: -85.7119

    Address

  • Full Address: 510 Magnolia Ave
  • Address - House Number: 510
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: South Pittsburg
  • Carrier Code: C001
  • 4-Digit Zip Code: 1270
  • Zip Code: 37380

Valuation

    Tax

  • Total Area: 1,584
  • Tax Year: 2022
  • Tax Amount: $1,643
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 58A08

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 475,418
  • High Value: 693,699
  • Low Value: 257,136

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $231,920
  • First Open Lien Mortgage Lender: WATERSTONE MORTGAGE CORPORATIO
  • First Open Lien Mortgage Recording Date: Feb 02, 2022
  • First Open Lien Mortgage Loan Amount: $231,920
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $262,800
  • Market Land Value: $27,600
  • Market Improvement Value: $235,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $65,700
  • Assessed Land Value: $6,900
  • Assessed Improvements Value: $58,800

    Sales

  • Current Sale Contract Date: Jan 25, 2022
  • Current Sale Recording Date: Feb 02, 2022
  • Current Sale Transaction ID: 11879077008
  • Current Sale Price: $299,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5527
  • Previous Sale Recording Date: Oct 06, 2016
  • Previous Sale Contract Date: Oct 04, 2016
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WATERSTONE MORTGAGE CORPORATIO
  • First Mortgage Transaction Date: Feb 02, 2022
  • First Mortgage Loan Amount: $231,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: TOWER COMMUNITY BANK
  • Previous Mortgage Transaction Date: Oct 06, 2016
  • Previous Mortgage Loan Amount: $90,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2036

About South Pittsburg



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Frequently Asked Questions

What neighborhood is 510 Magnolia Avenue located in?
The 510 Magnolia Avenue is a located in the neighborhood of Marion in South Pittsburg, South Pittsburg.
What is the average sales price for listings in 510 Magnolia Avenue?
The average sales price for units in 510 Magnolia Avenue is $0 currently.

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