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534 South Main Avenue

534 South Main Avenue, Erwin, TN 37650
Property in Unicoi
Sold Nov 18, 2020
$85,000
$87,575 by Carrington Mortgage Services L
Mortgage Due Dec 01, 2050
Sold Dec 19, 2017
$34,310
534 South Main Avenue in Erwin, TN was first built in 1928 and is 96 years old. Although, the building on the property was most recently renovated and altered in 1986. 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. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 534 South Main Avenue has 1,196 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 490 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 700 ft and the linear feet between the front and back of the lot is 800. In total, the area measurement of the land is 3,049,200 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 metal. 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 unknown. While the interior walls are made of paneling. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a forced air unit. 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, 534 South Main Avenue was last sold in Nov 16, 2020 for $85,000. According to our calculations, that's $50.42 per sqft. Prior to that sales transaction, the property was sold for $34,310 in Dec 4, 2017. Current property owners are expected to pay $571 in taxes per year. The property on 534 South Main Avenue was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $21,875. To break that down further, the land itself was valued at $3,375. While improvements to the property were assessed at a total of $18,500. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1986
  • 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: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Partial basement
  • Basement Area: 490
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,049,200
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,686
  • Gross Building Area: 1,686
  • Building Area: 1,196
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,196
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: VINTON
  • Land Acres: 70
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VINTON LOT 16 70X80

Ownership

  • Current Owner : DEMPSEY JOSEPH R
  • Previous Owner : SHELTON JESSE
  • Owner Before Previous Owner: JPMORGAN CHASE BANK NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Unicoi County School District
  • School Tax School District: 86248
  • Census Tract: 080400

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 031B
  • District: 03
  • Parcel: 031B-B-004.00
  • Lot: 16
  • Municipality: ERWIN
  • Latitude: 36.141
  • Longitude: -82.4214

    Address

  • Full Address: 534 S Main Ave
  • Address - House Number: 534
  • Street Direction: S
  • Address - Street Name: Main
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Erwin
  • Carrier Code: C002
  • 4-Digit Zip Code: 1010
  • Zip Code: 37650

Valuation

    Tax

  • Total Area: 1,196
  • Tax Year: 2023
  • Tax Amount: $571
  • Tax Rate Code Area: 86A01

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 34,248
  • High Value: 49,972
  • Low Value: 18,523

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $87,575
  • First Open Lien Mortgage Lender: CARRINGTON MORTGAGE SERVICES L
  • First Open Lien Mortgage Recording Date: Nov 18, 2020
  • First Open Lien Mortgage Loan Amount: $87,575
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $87,500
  • Market Land Value: $13,500
  • Market Improvement Value: $74,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $21,875
  • Assessed Land Value: $3,375
  • Assessed Improvements Value: $18,500

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Nov 18, 2020
  • Current Sale Transaction ID: 11801786515
  • Current Sale Price: $85,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20002176
  • Previous Sale Recording Date: Dec 19, 2017
  • Previous Sale Contract Date: Dec 04, 2017
  • Previous Sale Amount: $34,310
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARRINGTON MORTGAGE SERVICES L
  • First Mortgage Transaction Date: Nov 18, 2020
  • First Mortgage Loan Amount: $87,575
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2050

About Erwin



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Frequently Asked Questions

What neighborhood is 534 South Main Avenue located in?
The 534 South Main Avenue is a located in the neighborhood of Unicoi in Erwin, Erwin.
What is the average sales price for listings in 534 South Main Avenue?
The average sales price for units in 534 South Main Avenue is $0 currently.

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