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109 Riverlake Road

109 Riverlake Road, Shelbyville, TN 37160
Property in Bedford
Sold Feb 08, 2021
$390,000
$330,000 by Quicken Loans Llc
Mortgage Due Mar 01, 2051
Sold Jun 19, 2009
Transfer
Local assessors in Shelbyville, TN have categorized 109 Riverlake Road as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 65,340 square feet. The linear feet between the front and back of the lot was measured at 3,260 ft and the front of the lot was measured at 1,380 ft. As for the restroom situation, there are 2 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 109 Riverlake Road has a total of 2,181 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. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a mixed used garage for those who need a place to park their vehicle. The garage on the property is 550 sqft. There are 4 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 open porch so you'll have a great option in the front 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 - B. 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. Residents rely on a packaged air conditioning unit for their cooling system. The home's a 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, 109 Riverlake Road sold most recently in Feb 5, 2021 for a total of $390,000. If you work out the math, that's approximately a cost of $178.82 per sqft. 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 $1,753 in taxes each year. 109 Riverlake Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $75,400. If we break it down further, the land itself was valued at $11,225. Improvements to the property, however, were assessed at a total of $64,175. 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: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: B
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • 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
  • Garage Type: Mixed use
  • Garage Square Area: 550
  • Parking Space Count: 4
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 65,340
  • Lot Size Depth Feet: 3,260
  • Lot Size Frontage Feet: 1,380
  • Total Building Area: 2,181
  • Building Area: 2,181
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 2,181
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RIVERLAKE SEC 1
  • Land Acres: 1.5
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 23 REVISION OF LAKELAND ST, COUNTY AREA: B08

Ownership

  • Current Owner : BANKS MATTHEW
  • Current Owner 2: BANKS BRANDY
  • Previous Owner : MCKAMEY ROBERT THOMAS
  • Owner Before Previous Owner: STOVALL JOSEPH H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: Bedford County School District
  • Census Tract: 950600

Geography

  • Assessors Map Reference: 099F
  • District: 23
  • Parcel: 002099F A 01300
  • Lot: 15
  • Latitude: 35.4608
  • Longitude: -86.4437

    Address

  • Full Address: 109 Riverlake Rd
  • Address - House Number: 109
  • Address - Street Name: Riverlake
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Shelbyville
  • Carrier Code: R013
  • 4-Digit Zip Code: 8704
  • Zip Code: 37160

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,753
  • Tax Rate Code Area: 02A00

    Appraisal Valuation

  • Standard Deviation: 0.4879
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 2
  • Final Value: 377,781
  • High Value: 562,105
  • Low Value: 193,456

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $660,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Feb 08, 2021
  • First Open Lien Mortgage Loan Amount: $330,000
  • 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: Mar 01, 2051
  • Second Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • Second Open Lien Mortgage Recording Date: Feb 08, 2021
  • Second Open Lien Mortgage Loan Amount: $330,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Market Valuation

  • Market Total Value: $301,600
  • Market Land Value: $44,900
  • Market Improvement Value: $256,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,400
  • Assessed Land Value: $11,225
  • Assessed Improvements Value: $64,175

    Sales

  • Current Sale Contract Date: Feb 05, 2021
  • Current Sale Recording Date: Feb 08, 2021
  • Current Sale Transaction ID: 11817516481
  • Current Sale Price: $390,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21001099
  • Previous Sale Recording Date: Jun 19, 2009
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Feb 08, 2021
  • First Mortgage Loan Amount: $330,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

About Bedford



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Frequently Asked Questions

What neighborhood is 109 Riverlake Road located in?
The 109 Riverlake Road is a located in the neighborhood of Bedford in Bedford, Shelbyville.
What is the average sales price for listings in 109 Riverlake Road?
The average sales price for units in 109 Riverlake Road is $0 currently.

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