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1564 Old Gallatin Road

1564 Old Gallatin Road, Portland, TN 37148
Land in Sumner
Sold Sep 08, 2020
$169,000
$175,000 by Reliant Bank
Mortgage Due Oct 21, 2040
1564 Old Gallatin Road has been categorized by the local assessors in Portland, TN as a residential type of property. The building on the property was first built in 2021 and is 3 years old. The home has a total of 3 bedrooms. 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, 1564 Old Gallatin Road has 1,470 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 building with no basement that is 1,470 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 area measurement of the land has been determined as 40,946 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 garage for those who require parking. The garage measured 550 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. 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 composition shingle. 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. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Sep 4, 2020 for $169,000. That's $114.97 per sqft. 1564 Old Gallatin Road was last assessed in 2023. The total value of the property was assessed at $58,275. Specifically, the land the property is located on was valued at $7,050. While improvements on the property were assessed at a total of $51,225. 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 $1,312. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

Building Features

Condition

New Construction

Exterior

Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 1,470
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 40,946
  • Total Building Area: 1,470
  • Gross Building Area: 2,116
  • Building Area: 1,470
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,470
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BUCK LODGE SEC IV
  • Land Acres: 0.94
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PB31 PG99 LT15

Ownership

  • Current Owner : TLHM PROPERTIES LLC
  • Previous Owner : SGLR LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sumner County School District
  • Census Tract: 020208

Geography

  • Assessors Map Reference: 060
  • Parcel: 083060 07900
  • Block: 99
  • Lot: 15
  • Latitude: 36.5088
  • Longitude: -86.475

    Address

  • Full Address: 1564 Old Gallatin Rd
  • Address - House Number: 1564
  • Address - Street Name: Old Gallatin
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Portland
  • Carrier Code: R004
  • 4-Digit Zip Code: 5377
  • Zip Code: 37148

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,312
  • Tax Rate Code Area: 83A00

    Appraisal Valuation

  • Standard Deviation: 0.1451
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 82
  • Final Value: 396,795
  • High Value: 454,394
  • Low Value: 339,196

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: RELIANT BANK
  • First Open Lien Mortgage Recording Date: Oct 23, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $175,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Oct 21, 2040

    Market Valuation

  • Market Total Value: $233,100
  • Market Land Value: $28,200
  • Market Improvement Value: $204,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,275
  • Assessed Land Value: $7,050
  • Assessed Improvements Value: $51,225

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Sep 08, 2020
  • Current Sale Transaction ID: 11788211972
  • Current Sale Price: $169,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1327416

About Sumner



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Frequently Asked Questions

What neighborhood is 1564 Old Gallatin Road located in?
The 1564 Old Gallatin Road is a land located in the neighborhood of Sumner in Sumner, Portland.
What is the average sales price for listings in 1564 Old Gallatin Road?
The average sales price for units in 1564 Old Gallatin Road is $0 currently.

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