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308 Cypress Avenue

308 Cypress Avenue, Selmer, TN 38375
Property in McNairy
Sold Apr 19, 2022
$147,900
$149,393 by Fortune Financial Corporation
Mortgage Due May 01, 2052
Sold Sep 14, 2021
$90,000
Buyer
Seller
$77,838 by Paramount Residential Mortgage
Mortgage Due Oct 01, 2051
308 Cypress Avenue in Selmer, TN was first built in 1949 and is 75 years old. Although, the building on the property was most recently renovated and altered in 1982. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 308 Cypress Avenue has 1,664 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 linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,800. In total, the area measurement of the land is 9,000 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of metal. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. 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 paneling. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Apr 12, 2022 for $147,900. That's $88.88 per sqft. Prior to that sales transaction, the property was also sold in Sep 14, 2021 for $90,000. 308 Cypress Avenue was last assessed in 2022. The total value of the property was assessed at $22,075. Specifically, the land the property is located on was valued at $1,250. While improvements on the property were assessed at a total of $20,825. 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 $486. 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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1982
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,664
  • Building Area: 1,664
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,664
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 5

Ownership

  • Current Owner : EDWARDS WARREN M
  • Previous Owner : PATRICK RAY
  • Owner Before Previous Owner: PAIGE ODA F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: McNairy County School District
  • School Tax School District: 55650
  • Census Tract: 930501

Geography

  • Assessors Map Reference: 089C
  • District: 05
  • Parcel: 055089F A 00400
  • Municipality: SELMER
  • Latitude: 35.1717
  • Longitude: -88.5977

    Address

  • Full Address: 308 Cypress Ave
  • Address - House Number: 308
  • Address - Street Name: Cypress
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Selmer
  • Carrier Code: C003
  • 4-Digit Zip Code: 2016
  • Zip Code: 38375

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $486
  • Tax Rate Code Area: 55A10

    Appraisal Valuation

  • Standard Deviation: 0.1277
  • Valuation Date: Feb 01, 2023
  • Confidence Score: 74
  • Final Value: 67,896
  • High Value: 76,567
  • Low Value: 59,224

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $149,393
  • First Open Lien Mortgage Lender: FORTUNE FINANCIAL CORPORATION
  • First Open Lien Mortgage Recording Date: Apr 19, 2022
  • First Open Lien Mortgage Loan Amount: $149,393
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $88,300
  • Market Land Value: $5,000
  • Market Improvement Value: $83,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,075
  • Assessed Land Value: $1,250
  • Assessed Improvements Value: $20,825

    Sales

  • Current Sale Contract Date: Apr 12, 2022
  • Current Sale Recording Date: Apr 19, 2022
  • Current Sale Transaction ID: 11885117388
  • Current Sale Price: $147,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 126135
  • Previous Sale Recording Date: Sep 14, 2021
  • Previous Sale Contract Date: Sep 14, 2021
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FORTUNE FINANCIAL CORPORATION
  • First Mortgage Transaction Date: Apr 19, 2022
  • First Mortgage Loan Amount: $149,393
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • Previous Mortgage Transaction Date: Sep 14, 2021
  • Previous Mortgage Loan Amount: $77,838
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Oct 01, 2051

About Selmer



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Frequently Asked Questions

What neighborhood is 308 Cypress Avenue located in?
The 308 Cypress Avenue is a located in the neighborhood of McNairy in Selmer, Selmer.
What is the average sales price for listings in 308 Cypress Avenue?
The average sales price for units in 308 Cypress Avenue is $0 currently.

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