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104 Kay Lane

104 Kay Lane, Somerville, TN 38068
Property in Fayette
Sold Mar 25, 2020
$48,000
$47,130 by Cb&s Bank Inc
Mortgage Due Apr 01, 2035
Sold Apr 09, 1998
$32,000
$32,892 by The Somerville Bank & Trust Co
Mortgage Due Apr 09, 2018
Local assessors in Somerville, TN have categorized 104 Kay Lane as a residential type of property. The home was built in 1942 and is 82 years old. The property's lot size has been calculated to be 43,560 square feet. The linear feet between the front and back of the lot was measured at 1,850 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 104 Kay Lane has a total of 1,068 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 504 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 both a unknown and a unknown so you'll have great options in both the front and back of the home. 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 gable or hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. The home's floor/wall heating system is the primary heating source. 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, 104 Kay Lane sold most recently in Mar 23, 2020 for a total of $48,000. If you work out the math, that's approximately a cost of $30.53 per sqft. Before that, the property was also sold for $32,000 in Jan 1, 1970. 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 $336 in taxes each year. 104 Kay Lane was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $13,025. If we break it down further, the land itself was valued at $3,325. Improvements to the property, however, were assessed at a total of $9,700. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Custom
  • 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: Vinyl
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 504
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,572
  • Gross Building Area: 1,572
  • Building Area: 1,068
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,068
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GIS 2000 90N A 3.00 80MX215 IRR

Ownership

  • Current Owner : LEE JEANNE M
  • Previous Owner : OZIER JESSE H
  • Previous Owner 2: OZIER DEBRA K
  • Owner Before Previous Owner: HARRIS MARY LEE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayette County School District
  • School Tax School District: 24680
  • Census Tract: 060502

Geography

  • Assessors Map Reference: 090K
  • District: 01
  • Parcel: 090K-D-021.00
  • Municipality: SOMERVILLE
  • Latitude: 35.2286
  • Longitude: -89.3494

    Address

  • Full Address: 104 Kay Ln
  • Address - House Number: 104
  • Address - Street Name: Kay
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Somerville
  • Carrier Code: R004
  • 4-Digit Zip Code: 2113
  • Zip Code: 38068

Valuation

    Tax

  • Total Area: 1,068
  • Tax Year: 2023
  • Tax Amount: $336
  • Tax Rate Code Area: 24A10

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 392,901
  • High Value: 573,295
  • Low Value: 212,506

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $94,260
  • First Open Lien Mortgage Lender: CB&S BANK INC
  • First Open Lien Mortgage Recording Date: Mar 25, 2020
  • First Open Lien Mortgage Loan Amount: $47,130
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2035
  • Second Open Lien Mortgage Lender: CB&S BANK INC
  • Second Open Lien Mortgage Recording Date: Apr 17, 2020
  • Second Open Lien Mortgage Loan Amount: $47,130
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2035

    Market Valuation

  • Market Total Value: $52,100
  • Market Land Value: $13,300
  • Market Improvement Value: $38,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $13,025
  • Assessed Land Value: $3,325
  • Assessed Improvements Value: $9,700

    Sales

  • Current Sale Contract Date: Mar 23, 2020
  • Current Sale Recording Date: Mar 25, 2020
  • Current Sale Transaction ID: 11754301053
  • Current Sale Price: $48,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20002102
  • Previous Sale Recording Date: Apr 09, 1998
  • Previous Sale Amount: $32,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CB&S BANK INC
  • First Mortgage Transaction Date: Mar 25, 2020
  • First Mortgage Loan Amount: $47,130
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: THE SOMERVILLE BANK & TRUST CO
  • Previous Mortgage Transaction Date: Apr 09, 1998
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $32,892
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Due Date: Apr 09, 2018

About Somerville



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Frequently Asked Questions

What neighborhood is 104 Kay Lane located in?
The 104 Kay Lane is a located in the neighborhood of Fayette in Somerville, Somerville.
What is the average sales price for listings in 104 Kay Lane?
The average sales price for units in 104 Kay Lane is $0 currently.

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