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867 Welcome Valley Road

867 Welcome Valley Road, Benton, TN 37307
Land in Polk
867 Welcome Valley Road has been categorized by the local assessors in Benton, TN as a commercial type of property. The building on the property was first built in 1992 and is 32 years old. However, we must point out that the home was most recently renovated and altered in 1998. Residents will have access to 9 full bathrooms. There are 10 partial bathrooms in the home. The building has a total of 2 stories. In addition, 867 Welcome Valley Road has 7,822 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a building with no basement that is 952 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 523,156 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 720 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of asbestos. The exterior walls of the building are made of unknown. While the interior walls have been made of paneling. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer 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, 867 Welcome Valley Road sold most recently in Oct 20, 2021 for a total of $2,100,000. If you work out the math, that's approximately a cost of $239.34 per sqft. Before that, the property was also sold for $1,150,000 in Jul 31, 2020. 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 $8,179 in taxes each year. 867 Welcome Valley Road was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $484,080. If we break it down further, the land itself was valued at $72,200. Improvements to the property, however, were assessed at a total of $411,880. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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

Log Siding
Brick Exterior
Vinyl Siding

Parking

Carport
Garage Parking
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: 1992
  • Effective Year Built: 1998
  • Building Count: 7
  • Bedroom Count: 0
  • Bathroom Count: 10
  • Full Bathrooms: 9
  • Partial Bathrooms: 10
  • Bathroom Plumbing Fixtures: 31
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asbestos
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 952
  • Garage Type: Detached
  • Garage Square Area: 720
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 523,156
  • Total Building Area: 8,774
  • Gross Building Area: 8,982
  • Building Area: 8,982
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 7,822
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Commercial
  • Subdivision: CHARLES R BROWN
  • Land Acres: 12.01
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: D01

Ownership

  • Current Owner : WAUHATCHIE WOODLANDS LLC
  • Previous Owner : AMERIC PROPERTIES 867 LLC
  • Owner Before Previous Owner: ROGERS JENNY F
  • Owner Before Previous Owner 2: ROGERS KEVIN E
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Polk County School District
  • Census Tract: 950204

Geography

  • Assessors Map Reference: 055
  • District: 01
  • Parcel: 055-055.03
  • Latitude: 35.1342
  • Longitude: -84.6738

    Address

  • Full Address: 867 Welcome Valley Rd
  • Address - House Number: 867
  • Address - Street Name: Welcome Valley
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Benton
  • Carrier Code: R001
  • 4-Digit Zip Code: 5805
  • Zip Code: 37307

Valuation

    Tax

  • Total Area: 4,503
  • Tax Year: 2023
  • Tax Amount: $8,179
  • Tax Rate Code Area: 70A00

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,680,000
  • First Open Lien Mortgage Lender: FIRSTBANK
  • First Open Lien Mortgage Recording Date: Oct 27, 2021
  • First Open Lien Mortgage Loan Amount: $1,680,000
  • First Open Lien Mortgage Term: 71
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Oct 22, 2027

    Market Valuation

  • Market Total Value: $1,210,200
  • Market Land Value: $180,500
  • Market Improvement Value: $1,029,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $484,080
  • Assessed Land Value: $72,200
  • Assessed Improvements Value: $411,880

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Transaction ID: 11861638225
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21003102
  • Previous Sale Recording Date: Aug 05, 2020
  • Previous Sale Contract Date: Jul 31, 2020
  • Previous Sale Amount: $1,150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRSTBANK
  • First Mortgage Transaction Date: Oct 27, 2021
  • First Mortgage Loan Amount: $1,680,000
  • First Mortgage Terms: 71
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Oct 22, 2027

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF PUTNAM COUNTY
  • Previous Mortgage Transaction Date: Aug 05, 2020
  • Previous Mortgage Loan Amount: $862,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Polk



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Frequently Asked Questions

What neighborhood is 867 Welcome Valley Road located in?
The 867 Welcome Valley Road is a land located in the neighborhood of Polk in Polk, Benton.
What is the average sales price for listings in 867 Welcome Valley Road?
The average sales price for units in 867 Welcome Valley Road is $0 currently.

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