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5450 Jeffrey Lane

5450 Jeffrey Lane, Morristown, TN 37813
Property in Hamblen
5450 Jeffrey Lane in Morristown, TN was first built in 1979 and is 45 years old. Although, the building on the property was most recently renovated and altered in 1989. This has been categorized as a commercial property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. In total, the area measurement of the land is 87,120 square feet.

Learn more about the property and building on this page. The home has a rigid frame bar 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. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. 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 metal. 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 and being fueled with gas. 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, 5450 Jeffrey Lane was last sold in Jun 7, 2022 for $2,781,000. According to our calculations, that's $556.20 per sqft. Prior to that sales transaction, the property was sold for $1,129,800 in Jan 1, 1970. Current property owners are expected to pay $726 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 5450 Jeffrey Lane was last assessed in 2021. As a result of that assessment, the total value of the property was placed at $51,880. To break that down further, the land itself was valued at $16,200. While improvements to the property were assessed at a total of $35,680. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1989
  • Total Rooms: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Quality: C+
  • Construction Type: Frame
  • Exterior Walls Type: Metal
  • Roof Shape Type: Rigid frame bar
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 5,000
  • Gross Building Area: 5,000
  • Building Area: 5,000
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Subdivision: E TN VALLEY IND DIST
  • Land Acres: 2
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: DISTRICT: 1, SUBDIVISION: E TN VALLEY IND DIST, LOT: PT22

Ownership

  • Current Owner : JEFFREY LANE WAREHOUSE LLC
  • Previous Owner : SWINSON LARRY W
  • Owner Before Previous Owner: ADAMS WOOD PRODUCTS
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Hamblen County School District
  • School Tax School District: 32500
  • Census Tract: 100700

Geography

  • Assessors Map Reference: 026
  • District: 01
  • Parcel: 032026 09810
  • Lot: 22
  • Municipality: MORRISTOWN
  • Latitude: 36.2414
  • Longitude: -83.2062

    Address

  • Full Address: 5450 Jeffrey Ln
  • Address - House Number: 5450
  • Address - Street Name: Jeffrey
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Morristown
  • Carrier Code: R013
  • 4-Digit Zip Code: 1110
  • Zip Code: 37813

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $726
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 32B01

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,224,800
  • First Open Lien Mortgage Lender: HOME FEDERAL BANK OF TENNESSEE
  • First Open Lien Mortgage Recording Date: Jun 08, 2022
  • First Open Lien Mortgage Loan Amount: $2,224,800
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 07, 2042

    Market Valuation

  • Market Total Value: $129,700
  • Market Land Value: $40,500
  • Market Improvement Value: $89,200

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $51,880
  • Assessed Land Value: $16,200
  • Assessed Improvements Value: $35,680

    Sales

  • Current Sale Contract Date: Jun 07, 2022
  • Current Sale Recording Date: Jun 08, 2022
  • Current Sale Transaction ID: 11889661506
  • Current Sale Price: $2,781,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17414
  • Previous Sale Recording Date: Mar 11, 2003
  • Previous Sale Amount: $1,129,800
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME FEDERAL BANK OF TENNESSEE
  • First Mortgage Transaction Date: Jun 08, 2022
  • First Mortgage Loan Amount: $2,224,800
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 07, 2042

    Previous Mortgages

  • Previous Mortgage Lender: FIRST TENNESSEE BANK NA
  • Previous Mortgage Transaction Date: Mar 11, 2003
  • Previous Mortgage Loan Amount: $750,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Morristown



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5450 Jeffrey Lane located in?
The 5450 Jeffrey Lane is a located in the neighborhood of Hamblen in Morristown, Morristown.
What is the average sales price for listings in 5450 Jeffrey Lane?
The average sales price for units in 5450 Jeffrey Lane is $0 currently.

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