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127 Cherry Laurel Trail

127 Cherry Laurel Trail, Cleveland, TN 37323
Property in Bradley
Sold May 12, 2020
$129,400
$127,056 by First Community Mortgage Inc
Mortgage Due May 01, 2050
127 Cherry Laurel Trail has been categorized by the local assessors in Cleveland, TN as a residential type of property. The building on the property was first built in 1989 and is 35 years old. However, we must point out that the home was most recently renovated and altered in 2008. Residents will have access to 2 full bathrooms. There are 2 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, 127 Cherry Laurel Trail has 1,452 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 228 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,790 ft and across the front of the lot is 1,060 ft. The area measurement of the land has been determined as 43,560 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. Residents will have the luxury of enjoying both a unknown and a unknown. 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 building has a gable or hip style roof made of metal. The exterior walls of the building are made of unknown. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The building on the property is connected to a sewer system. 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, 127 Cherry Laurel Trail was last sold in Apr 30, 2020 for $129,400. According to our calculations, that's $89.12 per sqft. Current property owners are expected to pay $699 in taxes per year. The property on 127 Cherry Laurel Trail was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $39,300. To break that down further, the land itself was valued at $5,000. While improvements to the property were assessed at a total of $34,300. 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. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 228
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,790
  • Lot Size Frontage Feet: 1,060
  • Total Building Area: 1,452
  • Gross Building Area: 1,452
  • Building Area: 1,452
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,452
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HIDDEN FOREST
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIDDEN FOREST PB: 4 PG: 123 LOT: 8 LOT 8

Ownership

  • Current Owner : PANKEY SHELBY M
  • Previous Owner : TAYLOR RICHARD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bradley County School District
  • Census Tract: 011101

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 059H
  • Account Number: 32782
  • District: 01
  • Section: 123
  • Parcel: 059H-A-008.00
  • Lot: 8
  • Municipality: BRADLEY COUNTY
  • Latitude: 35.1482
  • Longitude: -84.812

    Address

  • Full Address: 127 Cherry Laurel Trl Ne
  • Address - House Number: 127
  • Street Segment Direction: NE
  • Address - Street Name: Cherry Laurel
  • Address - Suffix Type: Trl
  • State: TN
  • City Name: Cleveland
  • Carrier Code: R007
  • 4-Digit Zip Code: 5216
  • Zip Code: 37323

Valuation

    Tax

  • Total Area: 1,224
  • Tax Year: 2022
  • Tax Amount: $699
  • Tax Rate Code Area: 06B00

    Appraisal Valuation

  • Standard Deviation: 0.4798
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 4
  • Final Value: 228,688
  • High Value: 338,424
  • Low Value: 118,951

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $133,526
  • First Open Lien Mortgage Lender: FIRST COMMUNITY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: May 12, 2020
  • First Open Lien Mortgage Loan Amount: $127,056
  • 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: May 01, 2050
  • Second Open Lien Mortgage Lender: TENNESSEE HOUSING DEVELOPMENT
  • Second Open Lien Mortgage Recording Date: May 12, 2020
  • Second Open Lien Mortgage Loan Amount: $6,470
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $157,200
  • Market Land Value: $20,000
  • Market Improvement Value: $137,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,300
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $34,300

    Sales

  • Current Sale Contract Date: Apr 30, 2020
  • Current Sale Recording Date: May 12, 2020
  • Current Sale Transaction ID: 11761258946
  • Current Sale Price: $129,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20006217

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COMMUNITY MORTGAGE INC
  • First Mortgage Transaction Date: May 12, 2020
  • First Mortgage Loan Amount: $127,056
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2050

About Bradley



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Frequently Asked Questions

What neighborhood is 127 Cherry Laurel Trail located in?
The 127 Cherry Laurel Trail is a located in the neighborhood of Bradley in Bradley, Cleveland.
What is the average sales price for listings in 127 Cherry Laurel Trail?
The average sales price for units in 127 Cherry Laurel Trail is $0 currently.

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