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1216 Lorraine Parkway

1216 Lorraine Parkway, Florence, AL 35630
Property in Lauderdale
Sold Jun 13, 2016
$70,000
$66,500 by Trustmark National Bank
Mortgage Due Jul 01, 2046
Sold Jul 27, 2015
$51,400
1216 Lorraine Parkway in Florence, AL was first built in 1936 and is 88 years old. This has been categorized as a residential property type. It is a single story home. 1216 Lorraine Parkway has 946 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 500 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 5,663 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of asphalt. For those who need parking, there is a garage. The garage is 216 sqft. There is one available parking space. The condition of the building has been evaluated as poor. The exterior walls of the home are made of rock and stone. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a gravity heating system. The property was last sold in Jun 10, 2016 for $70,000. That's $74.00 per sqft. Prior to that sales transaction, the property was also sold in Jul 27, 2015 for $51,400. 1216 Lorraine Parkway was last assessed in 2023. The total value of the property was assessed at $16,800. 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 $823. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Total Rooms: 5
  • Bedroom Count: 0
  • Building Condition: Poor
  • Exterior Walls Type: Rock and stone
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 216
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 946
  • Building Area: 946
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gravity
  • Heated Square Feet: 946
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CLAIRMONT
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 50' X 120' CLAIRMONT SD BLK B LOT 11 .13 AC/C SEC 03 T3S R11W PB 1 PG 250

Ownership

  • Current Owner : SMITH JEFFREY RANDALL
  • Previous Owner : FRAZIER WESLEY CLARK
  • Previous Owner 2: FRAZIER LAURA KATE
  • Owner Before Previous Owner: HODGINS CATHERINE Y
  • Owner Before Previous Owner 2: PALMER FRAZIER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Florence City School District
  • Census Tract: 010400

Geography

  • Account Number: 074995
  • District: WSFL001
  • Parcel: 24-02-03-3-006-015-000
  • Block: B
  • Lot: 11
  • Meridian: SEC 03 TWN 03S RNG 11W
  • Municipality: CITY OF FLORENCE
  • Latitude: 34.8162
  • Longitude: -87.6846

    Address

  • Full Address: 1216 Lorraine Pkwy
  • Address - House Number: 1216
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Pkwy
  • State: AL
  • City Name: Florence
  • Carrier Code: C032
  • 4-Digit Zip Code: 3024
  • Zip Code: 35630

Valuation

    Tax

  • Total Area: 952
  • Tax Year: 2023
  • Tax Amount: $823
  • Tax Rate Code Area: CITY OF FL

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 142,904
  • High Value: 177,440
  • Low Value: 108,368

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,500
  • First Open Lien Mortgage Lender: TRUSTMARK NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jun 13, 2016
  • First Open Lien Mortgage Loan Amount: $66,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2046

    Market Valuation

  • Market Total Value: $84,000
  • Market Land Value: $5,700
  • Market Improvement Value: $78,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 10, 2016
  • Current Sale Recording Date: Jun 13, 2016
  • Current Sale Transaction ID: 1627631664
  • Current Sale Price: $70,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 27, 2015
  • Previous Sale Contract Date: Jul 27, 2015
  • Previous Sale Amount: $51,400
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUSTMARK NATIONAL BANK
  • First Mortgage Transaction Date: Jun 13, 2016
  • First Mortgage Loan Amount: $66,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jul 01, 2046

About Florence



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Frequently Asked Questions

What neighborhood is 1216 Lorraine Parkway located in?
The 1216 Lorraine Parkway is a located in the neighborhood of Lauderdale in Florence, Florence.
What is the average sales price for listings in 1216 Lorraine Parkway?
The average sales price for units in 1216 Lorraine Parkway is $0 currently.

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