530 Colwyn Avenue

530 Colwyn Avenue in Cumberland Gap, TN was first built in 1926 and is 98 years old. Although, the building on the property was most recently renovated and altered in 1970. This has been categorized as a commercial property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. The linear feet across the front of the lot is 320 ft and the linear feet between the front and back of the lot is 750. In total, the area measurement of the land is 2,400 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of roll composition. Water for the property is sourced from a municipal system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 256 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of C-. The exterior walls of the home are made of brick. While the interior walls are made of plaster. 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 no air conditioning. As for heating, the home is utilizing no heating system. 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, 530 Colwyn Avenue sold most recently in Jun 28, 2021 for a total of $195,000. If you work out the math, that's approximately a cost of $90.32 per sqft. 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 $956 in taxes each year. 530 Colwyn Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $31,600. If we break it down further, the land itself was valued at $6,240. Improvements to the property, however, were assessed at a total of $25,360. 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.