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1159 Gateway Lane

1159 Gateway Lane, Nashville, TN 37220
Sold Sep 16, 2020
$1,812,500
$1,000,000 by Cogent Bank
Mortgage Due Oct 01, 2050
1159 Gateway Lane in Nashville, TN was first built in 1945 and is 79 years old. Although, the building on the property was most recently renovated and altered in 1970. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 14 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 1159 Gateway Lane has 6,566 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. The basement is 1,080 sqft and has been categorized as a finished improved basement. The linear feet across the front of the lot is 2,000 ft and the linear feet between the front and back of the lot is 5,070. In total, the area measurement of the land is 100,188 square feet.

Learn more about the property and building on this page. There is a open porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a attached garage. The garage is 903 sqft. There are a total of 4 available parking spaces. 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 brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Sep 11, 2020 for $1,812,500. That's $276.04 per sqft. 1159 Gateway Lane was last assessed in 2023. The total value of the property was assessed at $473,150. Specifically, the land the property is located on was valued at $145,000. While improvements on the property were assessed at a total of $328,150. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $13,825. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1970
  • Total Rooms: 14
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Roof Cover Type: Other
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,080
  • Garage Type: Attached
  • Garage Square Area: 903
  • Parking Space Count: 4
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 100,188
  • Lot Size Depth Feet: 5,070
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 6,566
  • Gross Building Area: 9,180
  • Building Area: 6,566
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,566
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LEALAND MANOR
  • Land Acres: 2.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4 BLK A LEALAND MANOR

Ownership

  • Current Owner : BURTON WILLIAM W
  • Current Owner 2: BURTONI MELISSA M
  • Previous Owner : FRIDAY JACK MICHAEL
  • Previous Owner 2: FRIDAY THERESA MCCLOSKEY
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Metropolitan Nashville Public School District
  • Census Tract: 018700

Zoning

  • Zoning: 8ZZ

Geography

  • Parcel: 131-15-0-083-00
  • Block: A
  • Lot: 4
  • Municipality: 95-OH
  • Latitude: 36.0826
  • Longitude: -86.8028

    Address

  • Full Address: 1159 Gateway Ln
  • Address - House Number: 1159
  • Address - Street Name: Gateway
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Nashville
  • Carrier Code: C008
  • 4-Digit Zip Code: 1007
  • Zip Code: 37220

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,825
  • Tax Rate Code Area: OH

    Appraisal Valuation

  • Standard Deviation: 0.2196
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 2,450,814
  • High Value: 2,989,126
  • Low Value: 1,912,502

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: Sep 16, 2020
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • 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: Oct 01, 2050
  • Second Open Lien Mortgage Lender: COGENT BANK
  • Second Open Lien Mortgage Recording Date: Nov 10, 2020
  • Second Open Lien Mortgage Loan Amount: $500,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Nov 10, 2050

    Market Valuation

  • Market Total Value: $1,892,600
  • Market Land Value: $580,000
  • Market Improvement Value: $1,312,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $473,150
  • Assessed Land Value: $145,000
  • Assessed Improvements Value: $328,150

    Sales

  • Current Sale Contract Date: Sep 11, 2020
  • Current Sale Recording Date: Sep 16, 2020
  • Current Sale Transaction ID: 11787570271
  • Current Sale Price: $1,812,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200916-0105858

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: Sep 16, 2020
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

About Gateway Acres



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Frequently Asked Questions

What neighborhood is 1159 Gateway Lane located in?
The 1159 Gateway Lane is a house located in the neighborhood of Gateway Acres in Gateway Acres, Nashville.
What is the average sales price for listings in 1159 Gateway Lane?
The average sales price for units in 1159 Gateway Lane is $0 currently.

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