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1127 Payne Lane

1127 Payne Lane, Spring City, TN 37381
Property in Rhea
Sold Mar 05, 2018
$74,900
$75,656 by Mortgage Solutions Of Colorado
Mortgage Due Apr 01, 2048
Sold Dec 29, 2017
$41,500
1127 Payne Lane in Spring City, TN was first built in 1992 and is 32 years old. Although, the building on the property was most recently renovated and altered in 1998. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1127 Payne Lane has 1,120 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 56,628 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. 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, 1127 Payne Lane was last sold in Feb 5, 2018 for $74,900. According to our calculations, that's $66.88 per sqft. Prior to that sales transaction, the property was sold for $41,500 in Dec 13, 2017. Current property owners are expected to pay $461 in taxes per year. The property on 1127 Payne Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $20,450. To break that down further, the land itself was valued at $3,850. While improvements to the property were assessed at a total of $16,600. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1992
  • Effective Year Built: 1998
  • 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: Gypsum board (drywall, sheetrock, etc.)
  • 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: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 56,628
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VALLEY DALE
  • Land Acres: 1.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 1; SUBDIVISION: VALLEY DALE

Ownership

  • Current Owner : COUCH HOPE
  • Current Owner 2: COUCH TIMMON
  • Previous Owner : YOUNG JACKIE LEE
  • Previous Owner 2: YOUNG LILLIAN O
  • Owner Before Previous Owner: RMBS REO HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Her Husband

Neighborhood

  • School District Name: Rhea County School District
  • Census Tract: 975000

Geography

  • Assessors Map Reference: 025
  • District: 01
  • Parcel: 072025 00105
  • Lot: 7
  • Municipality: RHEA COUNTY-UNINCORPORATED
  • Latitude: 35.7206
  • Longitude: -84.8128

    Address

  • Full Address: 1127 Payne Ln
  • Address - House Number: 1127
  • Address - Street Name: Payne
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Spring City
  • Carrier Code: R004
  • 4-Digit Zip Code: 6517
  • Zip Code: 37381

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $461
  • Tax Rate Code Area: 72A00

    Appraisal Valuation

  • Standard Deviation: 0.1404
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 71
  • Final Value: 153,373
  • High Value: 174,921
  • Low Value: 131,824

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,656
  • First Open Lien Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • First Open Lien Mortgage Recording Date: Mar 05, 2018
  • First Open Lien Mortgage Loan Amount: $75,656
  • 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: Apr 01, 2048

    Market Valuation

  • Market Total Value: $81,800
  • Market Land Value: $15,400
  • Market Improvement Value: $66,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,450
  • Assessed Land Value: $3,850
  • Assessed Improvements Value: $16,600

    Sales

  • Current Sale Contract Date: Feb 05, 2018
  • Current Sale Recording Date: Mar 05, 2018
  • Current Sale Transaction ID: 11432280633
  • Current Sale Price: $74,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18005331
  • Previous Sale Recording Date: Dec 29, 2017
  • Previous Sale Contract Date: Dec 13, 2017
  • Previous Sale Amount: $41,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • First Mortgage Transaction Date: Mar 05, 2018
  • First Mortgage Loan Amount: $75,656
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2048

About Rhea



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Frequently Asked Questions

What neighborhood is 1127 Payne Lane located in?
The 1127 Payne Lane is a located in the neighborhood of Rhea in Rhea, Spring City.
What is the average sales price for listings in 1127 Payne Lane?
The average sales price for units in 1127 Payne Lane is $0 currently.

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