1229 Nichol Lane

1229 Nichol Lane has been categorized by the local assessors in Nashville, TN as a residential type of property. The building on the property was first built in 1958 and is 66 years old. However, we must point out that the home was most recently renovated and altered in 1995. The home has a total of 15 rooms. 7 of these rooms are legally considered as bedrooms. Residents will have access to 6 full bathrooms. There are 7 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1229 Nichol Lane has 7,339 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,800 ft and across the front of the lot is 2,000 ft. The area measurement of the land has been determined as 35,719 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 2,084 sqft. According to our sources, there are a total of 7 available parking spaces. Residents will have the luxury of enjoying a porch. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of materials that we aren't sure of. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1229 Nichol Lane was last sold in Jun 22, 2021 for $3,610,000. According to our calculations, that's $491.89 per sqft. Prior to that sales transaction, the property was sold for $1,450,000 in Jul 20, 2012. Current property owners are expected to pay $20,442 in taxes per year. The property on 1229 Nichol Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $628,225. To break that down further, the land itself was valued at $148,350. While improvements to the property were assessed at a total of $479,875. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.