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1226 Gimel Lane

1226 Gimel Lane, Cordova, TN 38016
Property in Shelby
Sold Apr 11, 2012
$248,000
$241,713 by Patriot Bank
Mortgage Due Apr 01, 2042
Sold Dec 08, 2004
$297,000
Seller
$282,150 by Cendant Mortgage Corp
Mortgage Due Jan 01, 2035
1226 Gimel Lane in Cordova, TN was first built in 2004 and is 20 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 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1226 Gimel Lane has 3,688 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. In total, the area measurement of the land is 8,508 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 629 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, 1226 Gimel Lane sold most recently in Mar 23, 2012 for a total of $248,000. If you work out the math, that's approximately a cost of $57.45 per sqft. Before that, the property was also sold for $297,000 in Dec 1, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,952 in taxes each year. 1226 Gimel Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $87,075. If we break it down further, the land itself was valued at $16,600. Improvements to the property, however, were assessed at a total of $70,475. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • 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: 629
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,508
  • Total Building Area: 4,317
  • Gross Building Area: 4,317
  • Building Area: 3,688
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,688
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERWOOD FARMS PD PHASE 4 PT AREA B
  • Land Acres: 0.195
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES GIMEL LN SEE MAP D2-14UC

Ownership

  • Current Owner : THOMAS TIMOTHY L
  • Previous Owner : BROWN LEONARD L
  • Previous Owner 2: BROWN AVA
  • Owner Before Previous Owner: P BAUM CO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021136

Zoning

  • Zoning: CMU-2

Geography

  • Assessors Map Reference: MB 216-2
  • District: S
  • Parcel: D0-214U-C0-0036
  • Lot: 36
  • Municipality: SHELBY COUNTY
  • Latitude: 35.1587
  • Longitude: -89.7692

    Address

  • Full Address: 1226 Gimel Ln
  • Address - House Number: 1226
  • Address - Street Name: Gimel
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Cordova
  • Carrier Code: R045
  • 4-Digit Zip Code: 7186
  • Zip Code: 38016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,952

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 470,674
  • High Value: 577,596
  • Low Value: 363,753

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $252,436
  • First Open Lien Mortgage Lender: PATRIOT BANK
  • First Open Lien Mortgage Recording Date: Apr 11, 2012
  • First Open Lien Mortgage Loan Amount: $241,713
  • 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: Apr 01, 2042
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Feb 03, 2022
  • Second Open Lien Mortgage Loan Amount: $10,723
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2042

    Market Valuation

  • Market Total Value: $348,300
  • Market Land Value: $66,400
  • Market Improvement Value: $281,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,075
  • Assessed Land Value: $16,600
  • Assessed Improvements Value: $70,475

    Sales

  • Current Sale Contract Date: Mar 23, 2012
  • Current Sale Recording Date: Apr 11, 2012
  • Current Sale Transaction ID: 1175801962
  • Current Sale Price: $248,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12040786
  • Previous Sale Recording Date: Dec 08, 2004
  • Previous Sale Contract Date: Dec 01, 2004
  • Previous Sale Amount: $297,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PATRIOT BANK
  • First Mortgage Transaction Date: Apr 11, 2012
  • First Mortgage Loan Amount: $241,713
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: CENDANT MORTGAGE CORP
  • Previous Mortgage Transaction Date: Dec 08, 2004
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $282,150
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2035

About Shelby



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Frequently Asked Questions

What neighborhood is 1226 Gimel Lane located in?
The 1226 Gimel Lane is a located in the neighborhood of Shelby in Shelby, Cordova.
What is the average sales price for listings in 1226 Gimel Lane?
The average sales price for units in 1226 Gimel Lane is $0 currently.

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