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838 Timberwood Trace

838 Timberwood Trace, Tracy City, TN 37387
Land in Grundy
Sold Jul 09, 2021
$655,000
$524,000 by First Vision Bank Of Tennessee
Mortgage Due Aug 01, 2051
Sold Apr 15, 2005
$140,000
Local assessors in Tracy City, TN have categorized 838 Timberwood Trace as a residential type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 1,254,964 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 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 838 Timberwood Trace has a total of 2,766 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 mixed used garage for those who need a place to park their vehicle. The garage on the property is 1,128 sqft. There are 4 available parking spaces so it's a great situation for those with more than one car. 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 - B. 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 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. 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, 838 Timberwood Trace sold most recently in Jul 9, 2021 for a total of $655,000. If you work out the math, that's approximately a cost of $236.80 per sqft. Before that, the property was also sold for $140,000 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 $1,842 in taxes each year. 838 Timberwood Trace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $129,175. If we break it down further, the land itself was valued at $15,400. Improvements to the property, however, were assessed at a total of $113,775. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Wood Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: B
  • 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
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 1,128
  • Parking Space Count: 4
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,254,964
  • Total Building Area: 2,766
  • Building Area: 2,766
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 2,766
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TIMBERWOOD SUBDIVISION
  • Land Acres: 28.81
  • Standard Land Use Code: Rural/agricultural residence
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: DISTRICT: 05 GB IN RB 26-171, COUNTY AREA: T02

Ownership

  • Current Owner : DAVIES ARTHUR
  • Previous Owner : BOYNTON JAMES R
  • Previous Owner 2: BOYNTON LINDA D
  • Owner Before Previous Owner: GREER STEPHEN T

Neighborhood

  • School District Name: Grundy County School District
  • Census Tract: 955300

Geography

  • Assessors Map Reference: 095
  • District: 05
  • Parcel: 031095 02601
  • Lot: Jan 01, 1970
  • Latitude: 35.2853
  • Longitude: -85.8041

    Address

  • Full Address: 838 Timberwood Trce
  • Address - House Number: 838
  • Address - Street Name: Timberwood
  • Address - Suffix Type: Trce
  • State: TN
  • City Name: Monteagle
  • Carrier Code: R005
  • 4-Digit Zip Code: 7628
  • Zip Code: 37356

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,842
  • Tax Rate Code Area: 31A00

    Appraisal Valuation

  • Standard Deviation: 0.2215
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 802,274
  • High Value: 980,015
  • Low Value: 624,532

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $524,000
  • First Open Lien Mortgage Lender: FIRST VISION BANK OF TENNESSEE
  • First Open Lien Mortgage Recording Date: Jul 09, 2021
  • First Open Lien Mortgage Loan Amount: $524,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $635,900
  • Market Land Value: $180,800
  • Market Improvement Value: $455,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $129,175
  • Assessed Land Value: $15,400
  • Assessed Improvements Value: $113,775

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Transaction ID: 11843543314
  • Current Sale Price: $655,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 100281
  • Previous Sale Recording Date: Apr 15, 2005
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST VISION BANK OF TENNESSEE
  • First Mortgage Transaction Date: Jul 09, 2021
  • First Mortgage Loan Amount: $524,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

About Grundy



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 838 Timberwood Trace located in?
The 838 Timberwood Trace is a land located in the neighborhood of Grundy in Grundy, Tracy City.
What is the average sales price for listings in 838 Timberwood Trace?
The average sales price for units in 838 Timberwood Trace is $799,000 , or $224/sqft. currently.

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