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525 Young Road

525 Young Road, Medon, TN 38356
House in Hardeman
Sold Feb 26, 2020
$45,000
$40,500 by Centennial Bank
Mortgage Due Jan 01, 2035
Sold Aug 30, 2019
$35,000
525 Young Road has been categorized by the local assessors in Medon, TN as a residential type of property. The building on the property was first built in 2005 and is 19 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 525 Young Road has 1,248 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 155,074 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. 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 unknown. 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, 525 Young Road was last sold in Feb 14, 2020 for $45,000. According to our calculations, that's $36.06 per sqft. Prior to that sales transaction, the property was sold for $35,000 in Aug 28, 2019. Current property owners are expected to pay $1,189 in taxes per year. The property on 525 Young Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $36,425. To break that down further, the land itself was valued at $5,475. While improvements to the property were assessed at a total of $30,950. 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

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • 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
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 155,074
  • 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: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 3.56
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MH INC

Ownership

  • Current Owner : NEEDHAM MICHAEL
  • Current Owner 2: NEEDHAM NICHOLE M
  • Previous Owner : BURCHETT MICHAEL
  • Owner Before Previous Owner: ATLANTICA LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: Hardeman County School District
  • Census Tract: 950100

Geography

  • Assessors Map Reference: 023
  • District: 08
  • Parcel: 035023 00722
  • Lot: 2
  • Latitude: 35.3755
  • Longitude: -88.9369

    Address

  • Full Address: 525 Young Rd
  • Address - House Number: 525
  • Address - Street Name: Young
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Medon
  • Carrier Code: R002
  • 4-Digit Zip Code: 6841
  • Zip Code: 38356

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,189
  • Tax Rate Code Area: 35A00

    Appraisal Valuation

  • Standard Deviation: 0.4685
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 6
  • Final Value: 46,889
  • High Value: 68,858
  • Low Value: 24,919

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $152,500
  • First Open Lien Mortgage Lender: CENTENNIAL BANK
  • First Open Lien Mortgage Recording Date: Feb 26, 2020
  • First Open Lien Mortgage Loan Amount: $40,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2035
  • Second Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORPORATION
  • Second Open Lien Mortgage Recording Date: Feb 23, 2023
  • Second Open Lien Mortgage Loan Amount: $112,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2053

    Market Valuation

  • Market Total Value: $145,700
  • Market Land Value: $21,900
  • Market Improvement Value: $123,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,425
  • Assessed Land Value: $5,475
  • Assessed Improvements Value: $30,950

    Sales

  • Current Sale Contract Date: Feb 14, 2020
  • Current Sale Recording Date: Feb 26, 2020
  • Current Sale Transaction ID: 11748343706
  • Current Sale Price: $45,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 194913
  • Previous Sale Recording Date: Aug 30, 2019
  • Previous Sale Contract Date: Aug 28, 2019
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTENNIAL BANK
  • First Mortgage Transaction Date: Feb 26, 2020
  • First Mortgage Loan Amount: $40,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jan 01, 2035

About Hardeman



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Frequently Asked Questions

What neighborhood is 525 Young Road located in?
The 525 Young Road is a house located in the neighborhood of Hardeman in Hardeman, Medon.
What is the average sales price for listings in 525 Young Road?
The average sales price for units in 525 Young Road is $0 currently.

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