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1005 Heather Lake Drive

1005 Heather Lake Drive, Collierville, TN 38017
House in Shelby
Sold Mar 30, 2020
$297,000
Sold Jun 29, 2017
$305,000
$330,000 by Aspen Equity Fund Llc
Mortgage
Local assessors in Collierville, TN have categorized 1005 Heather Lake Drive as a residential type of property. The home was built in 1994 and is 30 years old. The property's lot size has been calculated to be 18,334 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 1,260 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1005 Heather Lake Drive has a total of 3,422 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. There are 2 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 unknown so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - D. The building has a hip style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1005 Heather Lake Drive sold most recently in Mar 24, 2020 for a total of $297,000. If you work out the math, that's approximately a cost of $76.11 per sqft. Before that, the property was also sold for $305,000 in Jun 19, 2017. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,259 in taxes each year. 1005 Heather Lake Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $81,425. If we break it down further, the land itself was valued at $14,675. Improvements to the property, however, were assessed at a total of $66,750. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

Driveway

Driveway

Parking

Garage Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 18,334
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,260
  • Total Building Area: 3,902
  • Gross Building Area: 3,902
  • Building Area: 3,422
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,422
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TARA OAKS PH 3
  • Land Acres: 0.421
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS HEATHER LAKE DR COR E HARPERS FERRY RD (SW)

Ownership

  • Current Owner : THE MERINEAN FAMILY TRUST
  • Previous Owner : 1005 HEATHER LAKE DR LLC
  • Owner Before Previous Owner: SCHEPEMAKER MICHAEL D
  • Owner Before Previous Owner 2: SCHEPEMAKER AMY J
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Collierville School District
  • Census Tract: 021613

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: MB 261-015
  • District: C
  • Parcel: C0-234D-A0-0016
  • Lot: 221
  • Municipality: COLLIERVILLE
  • Latitude: 35.0672
  • Longitude: -89.6472

    Address

  • Full Address: 1005 Heather Lake Dr
  • Address - House Number: 1005
  • Address - Street Name: Heather Lake
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Collierville
  • Carrier Code: C011
  • 4-Digit Zip Code: 6196
  • Zip Code: 38017

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,259

    Appraisal Valuation

  • Standard Deviation: 0.2302
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 427,206
  • High Value: 525,570
  • Low Value: 328,842

    Market Valuation

  • Market Total Value: $325,700
  • Market Land Value: $58,700
  • Market Improvement Value: $267,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,425
  • Assessed Land Value: $14,675
  • Assessed Improvements Value: $66,750

    Sales

  • Current Sale Contract Date: Mar 24, 2020
  • Current Sale Recording Date: Mar 30, 2020
  • Current Sale Transaction ID: 11753219520
  • Current Sale Price: $297,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20032709
  • Previous Sale Recording Date: Jun 29, 2017
  • Previous Sale Contract Date: Jun 19, 2017
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUSTMARK NATIONAL BANK
  • First Mortgage Transaction Date: Mar 30, 2020
  • First Mortgage Loan Amount: $282,150
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: ASPEN EQUITY FUND LLC
  • Previous Mortgage Transaction Date: Jun 29, 2017
  • Previous Mortgage Loan Amount: $330,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)

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Frequently Asked Questions

What neighborhood is 1005 Heather Lake Drive located in?
The 1005 Heather Lake Drive is a house located in the neighborhood of Shelby in Collierville, Collierville.
What is the average sales price for listings in 1005 Heather Lake Drive?
The average sales price for units in 1005 Heather Lake Drive is $0 currently.

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