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110 Redbud Lane

110 Redbud Lane, Tullahoma, TN 37388
Property in Coffee
Sold Jul 05, 2022
$320,000
$220,000 by Ascend Federal Credit Union
Mortgage Due Jul 01, 2052
Sold May 11, 2021
$230,368
$230,368 by First Vision Bank Of Tennessee
Mortgage
Local assessors in Tullahoma, TN have categorized 110 Redbud Lane as a residential type of property. The home was built in 1954 and is 70 years old. It was most recently renovated and altered in 2004. 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 1,640 ft and the front of the lot was measured at 2,010 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. 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 110 Redbud Lane has a total of 2,118 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a building with no basement that is 432 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 carport for those who need a place to park their vehicle. The garage on the property is 528 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. 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 - C. The building has a gable or hip style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of paneling. 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. 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, 110 Redbud Lane sold most recently in Jun 24, 2022 for a total of $320,000. If you work out the math, that's approximately a cost of $151.09 per sqft. Before that, the property was also sold for $230,368 in May 7, 2021. 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 $2,362 in taxes each year. 110 Redbud Lane was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $60,475. If we break it down further, the land itself was valued at $5,200. Improvements to the property, however, were assessed at a total of $55,275. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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

Exterior

Aluminum Siding
Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 432
  • Parking Type: Attached
  • Garage Type: Carport
  • Garage Square Area: 528
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,640
  • Lot Size Frontage Feet: 2,010
  • Total Building Area: 2,118
  • Gross Building Area: 2,118
  • Building Area: 2,118
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 2,118
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BEL AIRE
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Pipeline or right-of-way
  • Legal Description 1: BEL AIRE PB: 120A LOT: 358& 201.13X164 IRR

Ownership

  • Current Owner : GIBSON BENJAMIN
  • Current Owner 2: GIBSON MICHELE
  • Previous Owner : LUFTY DAVID J
  • Owner Before Previous Owner: OWEN WILLIAM ANDREW
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator

Neighborhood

  • School District Name: Tullahoma City School District
  • School Tax School District: 16743
  • Census Tract: 971002

Geography

  • Assessors Map Reference: 125M
  • District: 09
  • Parcel: 125M-F-027.00
  • Lot: 358
  • Municipality: TULLAHOMA
  • Latitude: 35.3604
  • Longitude: -86.2366

    Address

  • Full Address: 110 Red Bud Ln
  • Address - House Number: 110
  • Address - Street Name: Red Bud
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Tullahoma
  • Carrier Code: C006
  • 4-Digit Zip Code: 2945
  • Zip Code: 37388

Valuation

    Tax

  • Total Area: 2,118
  • Tax Year: 2023
  • Tax Amount: $2,362
  • Tax Rate Code Area: 16D02

    Appraisal Valuation

  • Standard Deviation: 0.2724
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 61
  • Final Value: 343,009
  • High Value: 436,461
  • Low Value: 249,556

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $220,000
  • First Open Lien Mortgage Lender: ASCEND FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jul 05, 2022
  • First Open Lien Mortgage Loan Amount: $220,000
  • 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: Jul 01, 2052

    Market Valuation

  • Market Total Value: $241,900
  • Market Land Value: $20,800
  • Market Improvement Value: $221,100

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $60,475
  • Assessed Land Value: $5,200
  • Assessed Improvements Value: $55,275

    Sales

  • Current Sale Contract Date: Jun 24, 2022
  • Current Sale Recording Date: Jul 05, 2022
  • Current Sale Transaction ID: 11891388780
  • Current Sale Price: $320,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6619
  • Previous Sale Recording Date: May 11, 2021
  • Previous Sale Contract Date: May 07, 2021
  • Previous Sale Amount: $230,368
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ASCEND FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Jul 05, 2022
  • First Mortgage Loan Amount: $220,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRST VISION BANK OF TENNESSEE
  • Previous Mortgage Transaction Date: May 11, 2021
  • Previous Mortgage Loan Amount: $230,368
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Tullahoma



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Frequently Asked Questions

What neighborhood is 110 Redbud Lane located in?
The 110 Redbud Lane is a located in the neighborhood of Coffee in Tullahoma, Tullahoma.
What is the average sales price for listings in 110 Redbud Lane?
The average sales price for units in 110 Redbud Lane is $0 currently.

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