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627 Franklin Avenue

627 Franklin Avenue, Sparta, TN 38583
House in White
Sold Dec 04, 2020
$135,000
$136,363 by Mortgage Investors Group Inc
Mortgage Due Dec 01, 2050
Sold Nov 03, 2011
$79,900
$81,530 by Guaranty Mortgage Corp
Mortgage
627 Franklin Avenue has been categorized by the local assessors in Sparta, TN as a residential type of property. The building on the property was first built in 1981 and is 43 years old. However, we must point out that the home was most recently renovated and altered in 1985. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 627 Franklin Avenue has 1,120 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,120 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 2,000 ft and across the front of the lot is 1,500 ft. The area measurement of the land has been determined as 30,000 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of paneling. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. The building on the property is connected to a sewer system. 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, 627 Franklin Avenue sold most recently in Nov 23, 2020 for a total of $135,000. If you work out the math, that's approximately a cost of $120.54 per sqft. Before that, the property was also sold for $79,900 in Nov 1, 2011. 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 $473 in taxes each year. 627 Franklin Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $23,050. If we break it down further, the land itself was valued at $2,500. Improvements to the property, however, were assessed at a total of $20,550. 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. 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. 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

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1985
  • 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: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 1,120
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 30,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MT VERNON ESTATE S/D
  • Land Acres: 0.689
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 1; SUBDIVISION: MT VERNON ESTATE S/D

Ownership

  • Current Owner : STOCKTON JOELLE M
  • Current Owner 2: STOCKTON COTY A
  • Previous Owner : LEMONDS HOPE E
  • Previous Owner 2: LEMONDS THOMAS J
  • Owner Before Previous Owner: HALL CLARA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: White County School District
  • Census Tract: 935300

Geography

  • Assessors Map Reference: 041C
  • District: 01
  • Parcel: 093041C B 00301
  • Latitude: 35.9721
  • Longitude: -85.4968

    Address

  • Full Address: 627 Franklin Ave
  • Address - House Number: 627
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Sparta
  • Carrier Code: R015
  • 4-Digit Zip Code: 1002
  • Zip Code: 38583

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $473
  • Tax Rate Code Area: 93A00

    Appraisal Valuation

  • Standard Deviation: 0.1382
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 72
  • Final Value: 136,113
  • High Value: 154,928
  • Low Value: 117,297

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $136,363
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Dec 04, 2020
  • First Open Lien Mortgage Loan Amount: $136,363
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $92,200
  • Market Land Value: $10,000
  • Market Improvement Value: $82,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,050
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $20,550

    Sales

  • Current Sale Contract Date: Nov 23, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Transaction ID: 11805244951
  • Current Sale Price: $135,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20005017
  • Previous Sale Recording Date: Nov 03, 2011
  • Previous Sale Contract Date: Nov 01, 2011
  • Previous Sale Amount: $79,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Dec 04, 2020
  • First Mortgage Loan Amount: $136,363
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Nov 03, 2011
  • Previous Mortgage Loan Amount: $81,530
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About White



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Frequently Asked Questions

What neighborhood is 627 Franklin Avenue located in?
The 627 Franklin Avenue is a house located in the neighborhood of White in White, Sparta.
What is the average sales price for listings in 627 Franklin Avenue?
The average sales price for units in 627 Franklin Avenue is $0 currently.

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