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1127 Terrah Lane

1127 Terrah Lane, Ozark, AR 72949
House in Franklin
Sold Jul 06, 2021
$140,000
$112,000 by Priority Bank
Mortgage Due Aug 01, 2051
Sold Dec 21, 2017
$124,500
$125,757 by First Arkansas Financial Inc
Mortgage Due Jan 01, 2048
1127 Terrah Lane has been categorized by the local assessors in Ozark, AR as a residential type of property. The building on the property was first built in 2003 and is 21 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1127 Terrah Lane has 1,448 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 47,045 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 484 sqft. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of shingle (not wood). The exterior walls of the building are made of materials we are unsure of. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central 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 Terrah Lane was last sold in Jul 2, 2021 for $140,000. According to our calculations, that's $96.69 per sqft. Prior to that sales transaction, the property was sold for $124,500 in Dec 21, 2017. Current property owners are expected to pay $581 in taxes per year. The property on 1127 Terrah Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $20,980. To break that down further, the land itself was valued at $3,100. While improvements to the property were assessed at a total of $17,880. 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. 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.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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 47,045
  • Total Building Area: 1,448
  • Building Area: 1,448
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,448
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRIDGEPORT EST PH IV
  • Land Acres: 1.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 335 OF BRIDGEPORT ESTATES PHASE IV, SAME BEING A PART OF THE EAST HALF OF THE NORTHEAST QUARTER, SECTION 11, TOWNSHIP 9 N

Ownership

  • Current Owner : SUMNERS TYLER
  • Current Owner 2: SUMNERS HANNA
  • Previous Owner : LOVETT BETHANY FAITH
  • Previous Owner 2: LOVETT CHRISTIAN ELI
  • Owner Before Previous Owner: SHEPPARD CODY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ozark School District
  • School Tax School District: OZARK
  • Census Tract: 950301

Geography

  • Subdivision Phase Number: IV
  • Parcel: 003-01204-000
  • Lot: 335
  • Meridian: SEC 11 TWN 09 RNG 27
  • Municipality: OZARK RURAL
  • Latitude: 35.4685
  • Longitude: -93.8235

    Address

  • Full Address: 1127 Terrah Ln
  • Address - House Number: 1127
  • Address - Street Name: Terrah
  • Address - Suffix Type: Ln
  • State: AR
  • City Name: Ozark
  • Carrier Code: R005
  • 4-Digit Zip Code: 2861
  • Zip Code: 72949

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $581
  • Tax Rate Code Area: 14

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 132,158
  • High Value: 192,493
  • Low Value: 71,822

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $112,000
  • First Open Lien Mortgage Lender: PRIORITY BANK
  • First Open Lien Mortgage Recording Date: Jul 06, 2021
  • First Open Lien Mortgage Loan Amount: $112,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $104,900
  • Market Land Value: $15,500
  • Market Improvement Value: $89,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,980
  • Assessed Land Value: $3,100
  • Assessed Improvements Value: $17,880

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 06, 2021
  • Current Sale Transaction ID: 11842333621
  • Current Sale Price: $140,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R-001838
  • Previous Sale Recording Date: Dec 21, 2017
  • Previous Sale Contract Date: Dec 21, 2017
  • Previous Sale Amount: $124,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIORITY BANK
  • First Mortgage Transaction Date: Jul 06, 2021
  • First Mortgage Loan Amount: $112,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST ARKANSAS FINANCIAL INC
  • Previous Mortgage Transaction Date: Dec 21, 2017
  • Previous Mortgage Loan Amount: $125,757
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2048

About Franklin



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Frequently Asked Questions

What neighborhood is 1127 Terrah Lane located in?
The 1127 Terrah Lane is a house located in the neighborhood of Franklin in Franklin, Ozark.
What is the average sales price for listings in 1127 Terrah Lane?
The average sales price for units in 1127 Terrah Lane is $0 currently.

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