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508 South Home Street

508 South Home Street, Union City, TN 38261
Property in Obion
Sold Sep 09, 2021
$65,000
$58,000 by Security Bank & Trust
Mortgage Due Aug 15, 2026
Sold Feb 26, 2001
$27,000
508 South Home Street has been categorized by the local assessors in Union City, TN as a residential type of property. The building on the property was first built in 1935 and is 89 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 508 South Home Street has 840 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 9,000 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open 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 unknown. While the interior walls have been made of paneling. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing floor/wall heating system. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 508 South Home Street was last sold in Sep 7, 2021 for $65,000. According to our calculations, that's $77.38 per sqft. Prior to that sales transaction, the property was sold for $27,000 in Jan 1, 1970. Current property owners are expected to pay $140 in taxes per year. The property on 508 South Home Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $8,725. To break that down further, the land itself was valued at $2,125. While improvements to the property were assessed at a total of $6,600. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 840
  • Building Area: 840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WHIPPLE ADDITION
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 13

Ownership

  • Current Owner : WARD JERRY G
  • Current Owner 2: MOSIER ROGER H
  • Previous Owner : BEELER WILLIAM KEVIN
  • Previous Owner 2: BEELER CHRISTIE LYNN
  • Owner Before Previous Owner: ELLIS COCHRAN
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Union City School District
  • School Tax School District: 66746
  • Census Tract: 965700

Geography

  • Assessors Map Reference: 048M
  • District: 13
  • Parcel: 066048M K 01300
  • Municipality: UNION CITY
  • Latitude: 36.4215
  • Longitude: -89.0503

    Address

  • Full Address: 508 S Home St
  • Address - House Number: 508
  • Street Direction: S
  • Address - Street Name: Home
  • Address - Suffix Type: St
  • State: TN
  • City Name: Union City
  • Carrier Code: C005
  • 4-Digit Zip Code: 4024
  • Zip Code: 38261

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $140
  • Tax Rate Code Area: 66C09

    Appraisal Valuation

  • Standard Deviation: 0.1318
  • Valuation Date: Jan 18, 2023
  • Confidence Score: 73
  • Final Value: 61,760
  • High Value: 69,900
  • Low Value: 53,619

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $58,000
  • First Open Lien Mortgage Lender: SECURITY BANK & TRUST
  • First Open Lien Mortgage Recording Date: Sep 09, 2021
  • First Open Lien Mortgage Loan Amount: $58,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 15, 2026

    Market Valuation

  • Market Total Value: $34,900
  • Market Land Value: $8,500
  • Market Improvement Value: $26,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $8,725
  • Assessed Land Value: $2,125
  • Assessed Improvements Value: $6,600

    Sales

  • Current Sale Contract Date: Sep 07, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Transaction ID: 11855613127
  • Current Sale Price: $65,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 69658
  • Previous Sale Recording Date: Feb 26, 2001
  • Previous Sale Amount: $27,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SECURITY BANK & TRUST
  • First Mortgage Transaction Date: Sep 09, 2021
  • First Mortgage Loan Amount: $58,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 15, 2026

About Union City



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 508 South Home Street located in?
The 508 South Home Street is a located in the neighborhood of Obion in Union City, Union City.
What is the average sales price for listings in 508 South Home Street?
The average sales price for units in 508 South Home Street is $0 currently.

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