603 Franklin Lane

603 Franklin Lane in Morristown, TN was first built in 1940 and is 84 years old. Although, the building on the property was most recently renovated and altered in 1980. 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 is only one bathroom. There is a 1 partial bathroom. 603 Franklin Lane has 1,214 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 linear feet across the front of the lot is 670 ft and the linear feet between the front and back of the lot is 1,380. In total, the area measurement of the land is 9,583 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. For those who need parking, there is a detached garage. The garage is 468 sqft. There are a total of 2 available parking spaces. 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 gypsum boards such as those made of drywall, sheetrock, etc. 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 a packaged air conditioning unit. As for heating, the home is utilizing a heating system and being fueled with gas. The property was last sold in Apr 28, 2017 for $61,500. That's $50.66 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $36,237. 603 Franklin Lane was last assessed in 2024. The total value of the property was assessed at $15,925. Specifically, the land the property is located on was valued at $2,700. While improvements on the property were assessed at a total of $13,225. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $280. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.