Check Availability

530 Fairmont Avenue

530 Fairmont Avenue, Kingsport, TN 37660
Property in Sullivan
Sold Oct 22, 2019
$118,500
$118,500 by Eastman Cu
Mortgage Due Nov 01, 2049
Sold Jul 16, 2018
$54,900
530 Fairmont Avenue in Kingsport, TN was first built in 1948 and is 76 years old. Although, the building on the property was most recently renovated and altered in 1977. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 530 Fairmont Avenue has 1,099 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 basement is 987 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 550 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 7,425 square feet.

Learn more about the property and building on this page. There is a porch. 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. 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 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 air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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 Fairmont Avenue sold most recently in Oct 21, 2019 for a total of $118,500. If you work out the math, that's approximately a cost of $107.83 per sqft. Before that, the property was also sold for $54,900 in Jul 12, 2018. 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 $377 in taxes each year. 530 Fairmont Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $18,850. If we break it down further, the land itself was valued at $2,125. Improvements to the property, however, were assessed at a total of $16,725. 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

Exterior

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

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1977
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 987
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 7,425
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,099
  • Building Area: 1,099
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,099
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SEVIER TERRACE ADD
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 11, COUNTY AREA: A63

Ownership

  • Current Owner : MERRIAM ALFRED W
  • Current Owner 2: MERRIAM KRISTINA M
  • Previous Owner : BOGGS JOSEPH A
  • Previous Owner 2: BOGGS CHRISTINA A
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Kingsport City School District
  • School Tax School District: 82380
  • Census Tract: 040500

Geography

  • Assessors Map Reference: 045E
  • District: 11
  • Parcel: 082045E H 00200
  • Block: 16
  • Lot: 12
  • Municipality: KINGSPORT
  • Latitude: 36.5571
  • Longitude: -82.5708

    Address

  • Full Address: 530 Fairmont Ave
  • Address - House Number: 530
  • Address - Street Name: Fairmont
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Kingsport
  • Carrier Code: C010
  • 4-Digit Zip Code: 3161
  • Zip Code: 37660

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $377
  • Tax Rate Code Area: 82A04

    Appraisal Valuation

  • Standard Deviation: 0.1301
  • Valuation Date: Feb 01, 2023
  • Confidence Score: 73
  • Final Value: 120,311
  • High Value: 135,963
  • Low Value: 104,658

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $118,500
  • First Open Lien Mortgage Lender: EASTMAN CU
  • First Open Lien Mortgage Recording Date: Oct 22, 2019
  • First Open Lien Mortgage Loan Amount: $118,500
  • 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: Nov 01, 2049

    Market Valuation

  • Market Total Value: $75,400
  • Market Land Value: $8,500
  • Market Improvement Value: $66,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,850
  • Assessed Land Value: $2,125
  • Assessed Improvements Value: $16,725

    Sales

  • Current Sale Contract Date: Oct 21, 2019
  • Current Sale Recording Date: Oct 22, 2019
  • Current Sale Transaction ID: 11664620286
  • Current Sale Price: $118,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19019631
  • Previous Sale Recording Date: Jul 16, 2018
  • Previous Sale Contract Date: Jul 12, 2018
  • Previous Sale Amount: $54,900
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EASTMAN CU
  • First Mortgage Transaction Date: Oct 22, 2019
  • First Mortgage Loan Amount: $118,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

About Kingsport



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$650 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 530 Fairmont Avenue located in?
The 530 Fairmont Avenue is a other located in the neighborhood of Sullivan in Kingsport, Kingsport.
What is the average sales price for listings in 530 Fairmont Avenue?
The average sales price for units in 530 Fairmont Avenue is $0 currently.

Quantcast