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12140 South Shady Tree Lane

12140 South Shady Tree Lane, Arlington, TN 38002
Sold Sep 29, 2020
$362,000
$343,900 by Community Mortgage Corp
Mortgage Due Oct 01, 2050
Sold Oct 30, 2002
$250,000
$150,000 by First South Credit Union
Mortgage Due Nov 01, 2032
12140 South Shady Tree Lane in Arlington, TN was first built in 2002 and is 22 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 12140 South Shady Tree Lane has 3,454 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 linear feet across the front of the lot is 1,944 ft and the linear feet between the front and back of the lot is 1,138. In total, the area measurement of the land is 13,277 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a attached garage. The garage is 492 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. 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 and being fueled with gas. 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. 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, 12140 South Shady Tree Lane sold most recently in Sep 25, 2020 for a total of $362,000. If you work out the math, that's approximately a cost of $77.57 per sqft. Before that, the property was also sold for $250,000 in Oct 24, 2002. 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 $3,989 in taxes each year. 12140 South Shady Tree Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $85,425. If we break it down further, the land itself was valued at $17,475. Improvements to the property, however, were assessed at a total of $67,950. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 492
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,277
  • Lot Size Depth Feet: 1,138
  • Lot Size Frontage Feet: 1,944
  • Total Building Area: 4,667
  • Gross Building Area: 4,667
  • Building Area: 3,454
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,454
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FORREST GROVE PD
  • Land Acres: 0.305
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS SHADY TREE LN S SEE MAP D1-42S

Ownership

  • Current Owner : OKOTH MARTIN RACHIER
  • Current Owner 2: OKOTH MARCIA CHRISTINE
  • Previous Owner : JORTNER SARAH G
  • Owner Before Previous Owner: HARRELL HOMEBUILDERS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Arlington Community School District
  • Census Tract: 020902

Zoning

  • Zoning: RS-18 PD

Geography

  • Assessors Map Reference: MB 202-064
  • District: A
  • Parcel: A0-142S-E0-0031
  • Lot: 31
  • Municipality: ARLINGTON
  • Latitude: 35.2947
  • Longitude: -89.6577

    Address

  • Full Address: 12140 S Shady Tree Ln
  • Address - House Number: 12140
  • Street Direction: S
  • Address - Street Name: Shady Tree
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Arlington
  • Carrier Code: R023
  • 4-Digit Zip Code: 8735
  • Zip Code: 38002

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,989

    Appraisal Valuation

  • Standard Deviation: 0.1966
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 480,015
  • High Value: 574,420
  • Low Value: 385,610

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $343,900
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Sep 29, 2020
  • First Open Lien Mortgage Loan Amount: $343,900
  • 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

    Market Valuation

  • Market Total Value: $341,700
  • Market Land Value: $69,900
  • Market Improvement Value: $271,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,425
  • Assessed Land Value: $17,475
  • Assessed Improvements Value: $67,950

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 29, 2020
  • Current Sale Transaction ID: 11788715604
  • Current Sale Price: $362,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20105687
  • Previous Sale Recording Date: Oct 30, 2002
  • Previous Sale Contract Date: Oct 24, 2002
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Sep 29, 2020
  • First Mortgage Loan Amount: $343,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SOUTH CREDIT UNION
  • Previous Mortgage Transaction Date: Oct 30, 2002
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2032

About Forrest Grove



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Frequently Asked Questions

What neighborhood is 12140 South Shady Tree Lane located in?
The 12140 South Shady Tree Lane is a house located in the neighborhood of Forrest Grove in Forrest Grove, Arlington.
What is the average sales price for listings in 12140 South Shady Tree Lane?
The average sales price for units in 12140 South Shady Tree Lane is $0 currently.

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