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545 Wisdom Street

545 Wisdom Street, Jackson, TN 38301
Property in Madison
Sold Jan 04, 2016
$93,000
$94,999 by First South Bank
Mortgage Due Dec 22, 2046
Sold Aug 28, 2014
$33,500
545 Wisdom Street in Jackson, TN was first built in 1955 and is 69 years old. Although, the building on the property was most recently renovated and altered in 1982. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 545 Wisdom Street has 2,984 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 1,443 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 650 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 2,831,400 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. 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 paneling. 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. 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, 545 Wisdom Street sold most recently in Dec 22, 2015 for a total of $93,000. If you work out the math, that's approximately a cost of $31.17 per sqft. Before that, the property was also sold for $33,500 in Aug 26, 2014. 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 $537 in taxes each year. 545 Wisdom Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $33,350. If we break it down further, the land itself was valued at $3,250. Improvements to the property, however, were assessed at a total of $30,100. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 1,443
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,831,400
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,984
  • Gross Building Area: 2,984
  • Building Area: 2,984
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,984
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LANCASTER HEIGHTS
  • Land Acres: 65
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LANCASTER HEIGHTS PB 0001 PG 0124 BLK 0002 LOT 0006 65 X 150 COR

Ownership

  • Current Owner : KING ROBERT ALAN
  • Current Owner 2: KING COZETTE B
  • Previous Owner : HALTOM BARTLEY
  • Owner Before Previous Owner: FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jackson-Madison County School System
  • School Tax School District: 57359
  • Census Tract: 000300

Geography

  • Assessors Map Reference: 077D
  • District: 05
  • Parcel: 077D-F-019.00
  • Block: 2
  • Lot: 6
  • Municipality: JACKSON
  • Latitude: 35.6296
  • Longitude: -88.8284

    Address

  • Full Address: 545 Wisdom St
  • Address - House Number: 545
  • Address - Street Name: Wisdom
  • Address - Suffix Type: St
  • State: TN
  • City Name: Jackson
  • Carrier Code: C024
  • 4-Digit Zip Code: 4331
  • Zip Code: 38301

Valuation

    Tax

  • Total Area: 1,541
  • Tax Year: 2023
  • Tax Amount: $537
  • Tax Rate Code Area: 57A02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 96,925
  • High Value: 141,426
  • Low Value: 52,423

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $94,999
  • First Open Lien Mortgage Lender: FIRST SOUTH BANK
  • First Open Lien Mortgage Recording Date: Jan 04, 2016
  • First Open Lien Mortgage Loan Amount: $94,999
  • First Open Lien Mortgage Term: 370
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Dec 22, 2046

    Market Valuation

  • Market Total Value: $133,400
  • Market Land Value: $13,000
  • Market Improvement Value: $120,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $33,350
  • Assessed Land Value: $3,250
  • Assessed Improvements Value: $30,100

    Sales

  • Current Sale Contract Date: Dec 22, 2015
  • Current Sale Recording Date: Jan 04, 2016
  • Current Sale Transaction ID: 1410591434
  • Current Sale Price: $93,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 16000110
  • Previous Sale Recording Date: Aug 28, 2014
  • Previous Sale Contract Date: Aug 26, 2014
  • Previous Sale Amount: $33,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SOUTH BANK
  • First Mortgage Transaction Date: Jan 04, 2016
  • First Mortgage Loan Amount: $94,999
  • First Mortgage Terms: 370
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Dec 22, 2046

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Frequently Asked Questions

What neighborhood is 545 Wisdom Street located in?
The 545 Wisdom Street is a located in the neighborhood of Madison in Jackson, Jackson.
What is the average sales price for listings in 545 Wisdom Street?
The average sales price for units in 545 Wisdom Street is $0 currently.

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