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7 Oakwood Avenue

7 Oakwood Avenue, Summertown, TN 38483
Property in Lawrence
Sold Mar 26, 2018
$58,000
$46,400 by First Volunteer Bank
Mortgage Due Mar 15, 2038
Sold Oct 30, 2017
$48,750
Buyer
Seller
Local assessors in Summertown, TN have categorized 7 Oakwood Avenue as a residential type of property. The home was built in 1975 and is 49 years old. It was most recently renovated and altered in 1994. The property's lot size has been calculated to be 24,794 square feet. The linear feet between the front and back of the lot was measured at 1,610 ft and the front of the lot was measured at 1,540 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7 Oakwood Avenue has a total of 1,404 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of paneling. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. 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, 7 Oakwood Avenue was last sold in Mar 2, 2018 for $58,000. According to our calculations, that's $41.31 per sqft. Prior to that sales transaction, the property was sold for $48,750 in Oct 27, 2017. Current property owners are expected to pay $620 in taxes per year. The property on 7 Oakwood Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $30,850. To break that down further, the land itself was valued at $3,375. While improvements to the property were assessed at a total of $27,475. 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.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • 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: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 24,794
  • Lot Size Depth Feet: 1,610
  • Lot Size Frontage Feet: 1,540
  • Total Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,404
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WHISPERING HILLS
  • Land Acres: 0.569
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 11; SUBDIVISION: WHISPERING HILLS; BLOCK: A

Ownership

  • Current Owner : HILL KATLYN DANELLE
  • Previous Owner : US BANK NATIONAL ASSOCIATION
  • Owner Before Previous Owner: JOLLY KEITH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lawrence County School District
  • Census Tract: 960100

Geography

  • Assessors Map Reference: 003M
  • District: 11
  • Parcel: 050003M A 00100
  • Block: A
  • Lot: 2
  • Latitude: 35.4446
  • Longitude: -87.3204

    Address

  • Full Address: 7 Oakwood Ave
  • Address - House Number: 7
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Summertown
  • Carrier Code: R003
  • 4-Digit Zip Code: 7603
  • Zip Code: 38483

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $620
  • Tax Rate Code Area: 50A00

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 193,790
  • High Value: 278,721
  • Low Value: 108,858

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $46,400
  • First Open Lien Mortgage Lender: FIRST VOLUNTEER BANK
  • First Open Lien Mortgage Recording Date: Mar 26, 2018
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $46,400
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Mar 15, 2038

    Market Valuation

  • Market Total Value: $123,400
  • Market Land Value: $13,500
  • Market Improvement Value: $109,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,850
  • Assessed Land Value: $3,375
  • Assessed Improvements Value: $27,475

    Sales

  • Current Sale Contract Date: Mar 02, 2018
  • Current Sale Recording Date: Mar 26, 2018
  • Current Sale Transaction ID: 11441496909
  • Current Sale Price: $58,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 18001520
  • Previous Sale Recording Date: Oct 30, 2017
  • Previous Sale Contract Date: Oct 27, 2017
  • Previous Sale Amount: $48,750
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: FIRST VOLUNTEER BANK
  • First Mortgage Transaction Date: Mar 26, 2018
  • First Mortgage Loan Amount: $46,400
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Mar 15, 2038

    Financing

  • First Mortgage Financing Type: Variable

About Lawrence



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Frequently Asked Questions

What neighborhood is 7 Oakwood Avenue located in?
The 7 Oakwood Avenue is a located in the neighborhood of Lawrence in Lawrence, Summertown.
What is the average sales price for listings in 7 Oakwood Avenue?
The average sales price for units in 7 Oakwood Avenue is $0 currently.

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