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80 Smith Drive

80 Smith Drive, Spencer, TN 38585
Property in Van Buren
Sold Nov 08, 2021
$65,000
Buyer
Seller
$57,294 by Citizens Tri-county Bank
Mortgage Due Nov 08, 2036
Sold May 20, 1988
$2,500
Buyer
80 Smith Drive in Spencer, TN was first built in 1964 and is 60 years old. Although, the building on the property was most recently renovated and altered in 1970. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 80 Smith Drive has 1,488 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 basement is 864 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 1,720 ft and the linear feet between the front and back of the lot is 700. In total, the area measurement of the land is 12,040 square feet.

Learn more about the property and building on this page. There is a screened porch. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 576 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. 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, 80 Smith Drive sold most recently in Nov 5, 2021 for a total of $65,000. If you work out the math, that's approximately a cost of $43.68 per sqft. Before that, the property was also sold for $2,500 in Jan 1, 1970. 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 $440 in taxes each year. 80 Smith Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $18,325. If we break it down further, the land itself was valued at $1,750. Improvements to the property, however, were assessed at a total of $16,575. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 864
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 12,040
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 1,720
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,488
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.276
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 01 GIS 2000 1-30G-91.00 TO FREDDIE MERRIMAN ETUX, COUNTY AREA: S01

Ownership

  • Current Owner : ADAMS BILL W
  • Previous Owner : SWOR KAY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Van Buren County School District
  • School Tax School District: 88690
  • Census Tract: 925200

Geography

  • Assessors Map Reference: 030G
  • District: 01
  • Parcel: 088030G B 01400
  • Municipality: SPENCER CITY
  • Latitude: 35.7457
  • Longitude: -85.463

    Address

  • Full Address: 80 Smith Dr
  • Address - House Number: 80
  • Address - Street Name: Smith
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Spencer
  • Carrier Code: R002
  • 4-Digit Zip Code: 3235
  • Zip Code: 38585

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $440
  • Tax Rate Code Area: 88A01

    Appraisal Valuation

  • Standard Deviation: 0.4482
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 10
  • Final Value: 142,062
  • High Value: 205,747
  • Low Value: 78,376

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $57,294
  • First Open Lien Mortgage Lender: CITIZENS TRI-COUNTY BANK
  • First Open Lien Mortgage Recording Date: Nov 08, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $57,294
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Nov 08, 2036

    Market Valuation

  • Market Total Value: $73,300
  • Market Land Value: $7,000
  • Market Improvement Value: $66,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,325
  • Assessed Land Value: $1,750
  • Assessed Improvements Value: $16,575

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 08, 2021
  • Current Sale Transaction ID: 11866179320
  • Current Sale Price: $65,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21001522
  • Previous Sale Recording Date: May 20, 1988
  • Previous Sale Amount: $2,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS TRI-COUNTY BANK
  • First Mortgage Transaction Date: Nov 08, 2021
  • First Mortgage Loan Amount: $57,294
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Nov 08, 2036

    Financing

  • First Mortgage Financing Type: Variable

About Spencer



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Frequently Asked Questions

What neighborhood is 80 Smith Drive located in?
The 80 Smith Drive is a located in the neighborhood of Van Buren in Spencer, Spencer.
What is the average sales price for listings in 80 Smith Drive?
The average sales price for units in 80 Smith Drive is $0 currently.

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