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7750 New Home Road

7750 New Home Road, Martin, TN 38237
Property in Weakley
Sold Feb 09, 2023
$1,500
Sold Nov 23, 2020
$3,200,000
$2,975,000 by Live Oak Banking Company
Mortgage Due Nov 20, 2040
Local assessors in Martin, TN have categorized 7750 New Home Road as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 1,045,440 square feet. 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 7750 New Home Road has a total of 1,349 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 water 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 375 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 brick 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. The home's a radiant heating system is the primary heating source. The property was last sold in Feb 8, 2023 for $1,500. That's $1.11 per sqft. Prior to that sales transaction, the property was also sold in Nov 20, 2020 for $3,200,000. 7750 New Home Road was last assessed in 2022. The total value of the property was assessed at $30,100. Specifically, the land the property is located on was valued at $12,125. While improvements on the property were assessed at a total of $17,975. 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 $594. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 375
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,045,440
  • Total Building Area: 1,349
  • Building Area: 1,349
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Radiant
  • Heated Square Feet: 1,349
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 24
  • Standard Land Use Code: Rural/agricultural residence
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: DISTRICT: 14, COUNTY AREA: W04

Ownership

  • Current Owner : GREER JACOB H
  • Current Owner 2: GREER BRADY M
  • Previous Owner : MORGAN MIKE
  • Previous Owner 2: MORGAN SHARLEEN
  • Owner Before Previous Owner: HI FARM LLC
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Weakley County School District
  • Census Tract: 968201

Geography

  • Assessors Map Reference: 094
  • District: 14
  • Parcel: 092094 03500
  • Latitude: 36.2934
  • Longitude: -88.9091

    Address

  • Full Address: 7750 New Home Rd
  • Address - House Number: 7750
  • Address - Street Name: New Home
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Martin
  • Carrier Code: R001
  • 4-Digit Zip Code: 5543
  • Zip Code: 38237

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $594
  • Tax Rate Code Area: 92A00

    Appraisal Valuation

  • Standard Deviation: 0.1429
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 71
  • Final Value: 174,309
  • High Value: 199,233
  • Low Value: 149,384

    Market Valuation

  • Market Total Value: $120,400
  • Market Land Value: $48,500
  • Market Improvement Value: $71,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,100
  • Assessed Land Value: $12,125
  • Assessed Improvements Value: $17,975

    Sales

  • Current Sale Contract Date: Feb 08, 2023
  • Current Sale Recording Date: Feb 09, 2023
  • Current Sale Transaction ID: 11901882420
  • Current Sale Price: $1,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 439
  • Previous Sale Recording Date: Nov 23, 2020
  • Previous Sale Contract Date: Nov 20, 2020
  • Previous Sale Amount: $3,200,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: LIVE OAK BANKING COMPANY
  • Previous Mortgage Transaction Date: Nov 23, 2020
  • Previous Mortgage Loan Amount: $2,975,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Nov 20, 2040

About Weakley



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Frequently Asked Questions

What neighborhood is 7750 New Home Road located in?
The 7750 New Home Road is a located in the neighborhood of Weakley in Weakley, Martin.
What is the average sales price for listings in 7750 New Home Road?
The average sales price for units in 7750 New Home Road is $0 currently.

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