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121 Lorraine Drive

121 Lorraine Drive, Gallatin, TN 37066
House in Sumner
Sold Dec 15, 2023
$305,000
$256,144 by Bank Of England
Mortgage Due Dec 01, 2051
Sold Nov 10, 2021
$260,870
$256,144 by Bank Of England
Mortgage Due Dec 01, 2051
Local assessors in Gallatin, TN have categorized 121 Lorraine Drive as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 18,810 square feet. The linear feet between the front and back of the lot was measured at 1,710 ft and the front of the lot was measured at 1,100 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 121 Lorraine Drive has a total of 1,533 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 full basement that is 1,533 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. 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 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 - 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 air conditioning 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, 121 Lorraine Drive sold most recently in Dec 7, 2023 for a total of $305,000. If you work out the math, that's approximately a cost of $198.96 per sqft. Before that, the property was also sold for $260,870 in Nov 8, 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 $1,378 in taxes each year. 121 Lorraine Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $45,150. If we break it down further, the land itself was valued at $15,000. Improvements to the property, however, were assessed at a total of $30,150. 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. 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.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

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

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • 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: Full basement
  • Basement Area: 1,533
  • Garage Type: Carport
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 18,810
  • Lot Size Depth Feet: 1,710
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,533
  • Gross Building Area: 3,578
  • Building Area: 1,533
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,533
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHADYCREST
  • Land Acres: 0.432
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT: 1 PAGE: 263 BLOCK: A LOT: LIST SUBD: SHADYCREST

Ownership

  • Current Owner : ADAME JOHN P
  • Current Owner 2: EVERARD SHAWNA
  • Previous Owner : CHANEY ZACHARY
  • Previous Owner 2: CHANEY JACQUILINE
  • Owner Before Previous Owner: SWIFT CYNTHIA GRIFFIN
  • Owner Before Previous Owner 2: GRIFFIN DANNY ANDREW
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Sumner County School District
  • School Tax School District: 83278
  • Census Tract: 020901

Geography

  • Assessors Map Reference: 135L
  • District: 03
  • Parcel: 083135L C 00600
  • Block: A
  • Lot: IST
  • Municipality: GALLATIN
  • Latitude: 36.3541
  • Longitude: -86.4371

    Address

  • Full Address: 121 Lorraine Dr
  • Address - House Number: 121
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Gallatin
  • Carrier Code: R006
  • 4-Digit Zip Code: 4047
  • Zip Code: 37066

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,378
  • Tax Rate Code Area: 83A01

    Appraisal Valuation

  • Standard Deviation: 0.0846
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 93
  • Final Value: 308,310
  • High Value: 334,401
  • Low Value: 282,220

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $271,796
  • First Open Lien Mortgage Lender: BANK OF ENGLAND
  • First Open Lien Mortgage Recording Date: Nov 10, 2021
  • First Open Lien Mortgage Loan Amount: $256,144
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051
  • Second Open Lien Mortgage Lender: BANK OF ENGLAND
  • Second Open Lien Mortgage Recording Date: Nov 10, 2021
  • Second Open Lien Mortgage Loan Amount: $15,652
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2036

    Market Valuation

  • Market Total Value: $180,600
  • Market Land Value: $60,000
  • Market Improvement Value: $120,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,150
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $30,150

    Sales

  • Current Sale Contract Date: Dec 07, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Transaction ID: 11917931849
  • Current Sale Price: $305,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1468879
  • Previous Sale Recording Date: Nov 10, 2021
  • Previous Sale Contract Date: Nov 08, 2021
  • Previous Sale Amount: $260,870
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF TENNESSEE
  • First Mortgage Transaction Date: Dec 15, 2023
  • First Mortgage Loan Amount: $205,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 07, 2033

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF ENGLAND
  • Previous Mortgage Transaction Date: Nov 10, 2021
  • Previous Mortgage Loan Amount: $256,144
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2051

About Gallatin



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Frequently Asked Questions

What neighborhood is 121 Lorraine Drive located in?
The 121 Lorraine Drive is a house located in the neighborhood of Sumner in Gallatin, Gallatin.
What is the average sales price for listings in 121 Lorraine Drive?
The average sales price for units in 121 Lorraine Drive is $0 currently.

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