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948 Terrace Drive

948 Terrace Drive, Jefferson City, TN 37760
Property in Jefferson
Sold Dec 12, 2019
$195,000
$156,000 by Knoxville Tva Employees Cu
Mortgage Due Jan 01, 2035
Sold Jan 01, 1983
$42,000
Buyer
948 Terrace Drive has been categorized by the local assessors in Jefferson City, TN as a residential type of property. The building on the property was first built in 1965 and is 59 years old. However, we must point out that the home was most recently renovated and altered in 1990. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 948 Terrace Drive has 2,268 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 partial basement that is 1,572 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 linear feet between the front and back of the lot is 1,140 ft and across the front of the lot is 1,760 ft. The area measurement of the land has been determined as 43,560 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 attached garage for those who require parking. The garage measured 806 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a porch. 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 composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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 municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Dec 5, 2019 for $195,000. That's $49.37 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $42,000. 948 Terrace Drive was last assessed in 2022. The total value of the property was assessed at $40,675. Specifically, the land the property is located on was valued at $6,250. While improvements on the property were assessed at a total of $34,425. 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 $1,379. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1965
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Exterior Walls Type: Brick
  • 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: 1,572
  • Garage Type: Attached
  • Garage Square Area: 806
  • Parking Space Count: 3
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 1,760
  • Total Building Area: 3,950
  • Gross Building Area: 4,064
  • Building Area: 2,268
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,268
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CRESTVIEW
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CRESTVIEW PB: B PG: 9 LOT: 9 176.4X113.6

Ownership

  • Current Owner : STEWART ALEXANDER
  • Current Owner 2: STEWART NILMA MARGARET
  • Previous Owner : WEST FRED A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • School Tax School District: 45365
  • Census Tract: 070600

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 035A
  • District: 04
  • Parcel: 035A-A-010.00
  • Lot: 9
  • Municipality: JEFFERSON CITY
  • Latitude: 36.0989
  • Longitude: -83.4847

    Address

  • Full Address: 948 Terrace Dr
  • Address - House Number: 948
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Jefferson City
  • Carrier Code: R005
  • 4-Digit Zip Code: 3654
  • Zip Code: 37760

Valuation

    Tax

  • Total Area: 1,572
  • Tax Year: 2022
  • Tax Amount: $1,379
  • Tax Rate Code Area: 45A03

    Appraisal Valuation

  • Standard Deviation: 0.1491
  • Valuation Date: May 24, 2023
  • Confidence Score: 70
  • Final Value: 261,310
  • High Value: 300,271
  • Low Value: 222,348

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $156,000
  • First Open Lien Mortgage Lender: KNOXVILLE TVA EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Dec 12, 2019
  • First Open Lien Mortgage Loan Amount: $156,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2035

    Market Valuation

  • Market Total Value: $162,700
  • Market Land Value: $25,000
  • Market Improvement Value: $137,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,675
  • Assessed Land Value: $6,250
  • Assessed Improvements Value: $34,425

    Sales

  • Current Sale Contract Date: Dec 05, 2019
  • Current Sale Recording Date: Dec 12, 2019
  • Current Sale Transaction ID: 11710574034
  • Current Sale Price: $195,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19009377
  • Previous Sale Recording Date: Jan 01, 1983
  • Previous Sale Amount: $42,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KNOXVILLE TVA EMPLOYEES CU
  • First Mortgage Transaction Date: Dec 12, 2019
  • First Mortgage Loan Amount: $156,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2035

About Jefferson City



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Nearby Rentals

Unit for rent at 710 Moyers Street, Jefferson City, TN, 37760

$900 /mo

  • 2 Beds
  • 1 Bath
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710 Moyers Street, Jefferson City, TN, 37760 Listing by Karen Smith

Frequently Asked Questions

What neighborhood is 948 Terrace Drive located in?
The 948 Terrace Drive is a located in the neighborhood of Jefferson in Jefferson City, Jefferson City.
What is the average sales price for listings in 948 Terrace Drive?
The average sales price for units in 948 Terrace Drive is $0 currently.

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