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800 University Street

800 University Street, Martin, TN 38237
Commercial in Weakley
Local assessors in Martin, TN have categorized 800 University Street as a commercial type of property. The home was built in 1978 and is 46 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 93,654 square feet. There are also 56 partial bathrooms. 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 800 University Street has a total of 19,000 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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete control joints. 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 reinforced concrete style roof that was made of asphalt and ply sheets in a built-up roof style. 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 gypsum boards such as those made of drywall, sheetrock, etc. 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. The property was last sold in Dec 20, 2021 for $1,395,000. That's $52.62 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $1,590,000. 800 University Street was last assessed in 2022. The total value of the property was assessed at $601,040. Specifically, the land the property is located on was valued at $86,720. While improvements on the property were assessed at a total of $514,320. 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 $22,402. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Bathroom Count: 56
  • Partial Bathrooms: 56
  • Bathroom Plumbing Fixtures: 168
  • Building Quality: C
  • Construction Type: Concrete
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Reinforced concrete
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 93,654
  • Total Building Area: 26,512
  • Gross Building Area: 26,512
  • Building Area: 26,512
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 19,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Land Acres: 2.15
  • Standard Land Use Code: Motel
  • County Land Use Code: Utilities (right-of-way only)
  • Legal Description 1: DISTRICT: 02 DAYS INN, COUNTY AREA: M97

Ownership

  • Current Owner : DPEE HOSPITALITY LLC
  • Previous Owner : PRAKASH2
  • Owner Before Previous Owner: POOJA MANAGEMENT INC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Weakley County School District
  • School Tax School District: 92461
  • Census Tract: 968201

Geography

  • Assessors Map Reference: 073
  • District: 02
  • Parcel: 092073 04301
  • Municipality: MARTIN
  • Latitude: 36.3471
  • Longitude: -88.8734

    Address

  • Full Address: 800 University St
  • Address - House Number: 800
  • Address - Street Name: University
  • Address - Suffix Type: St
  • State: TN
  • City Name: Martin
  • Carrier Code: R007
  • 4-Digit Zip Code: 1636
  • Zip Code: 38237

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,402
  • Tax Rate Code Area: 92A05

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,235,000
  • First Open Lien Mortgage Lender: UNITED MIDWEST SAVINGS BANK NA
  • First Open Lien Mortgage Recording Date: Dec 21, 2021
  • First Open Lien Mortgage Loan Amount: $1,235,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Dec 17, 2046

    Market Valuation

  • Market Total Value: $1,502,600
  • Market Land Value: $216,800
  • Market Improvement Value: $1,285,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $601,040
  • Assessed Land Value: $86,720
  • Assessed Improvements Value: $514,320

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Dec 21, 2021
  • Current Sale Transaction ID: 11875682544
  • Current Sale Price: $1,395,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21005443
  • Previous Sale Recording Date: Dec 21, 2007
  • Previous Sale Amount: $1,590,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED MIDWEST SAVINGS BANK NA
  • First Mortgage Transaction Date: Dec 21, 2021
  • First Mortgage Loan Amount: $1,235,000
  • First Mortgage Terms: 299
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 17, 2046

About Martin



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Frequently Asked Questions

What neighborhood is 800 University Street located in?
The 800 University Street is a commercial located in the neighborhood of Weakley in Martin, Martin.
What is the average sales price for listings in 800 University Street?
The average sales price for units in 800 University Street is $0 currently.

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