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165 Nicholas Drive

165 Nicholas Drive, Somerville, TN 38068
Land in Fayette
Sold Sep 16, 2021
$239,900
$239,900 by United States Of America
Mortgage Due Sep 14, 2054
Sold Nov 23, 2020
$324,000
165 Nicholas Drive has been categorized by the local assessors in Somerville, TN as a residential type of property. The building on the property was first built in 2021 and is 3 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 165 Nicholas Drive has 1,768 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 428 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying 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 composition shingle. The exterior walls of the building are made of brick. 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 air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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. 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 14, 2021 for $239,900. That's $109.24 per sqft. Prior to that sales transaction, the property was also sold in Nov 19, 2020 for $324,000. 165 Nicholas Drive was last assessed in 2024. The total value of the property was assessed at $51,825. Specifically, the land the property is located on was valued at $4,950. While improvements on the property were assessed at a total of $46,875. 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 $1,338. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 428
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,196
  • Gross Building Area: 2,196
  • Building Area: 1,768
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,768
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NICHOLAS PLACE
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NICHOLAS PLACE PB: 11 PG: 178 LOT: 15 OUT OF 12.05 13604 SQ FT

Ownership

  • Current Owner : ARMOUR DEMARRION
  • Previous Owner : TOP HOMES LLC
  • Owner Before Previous Owner: BLUE RHINO LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayette County School District
  • School Tax School District: 24680
  • Census Tract: 060502

Geography

  • Assessors Map Reference: 090F
  • District: 01
  • Parcel: 090F-C-012.21
  • Lot: 15
  • Municipality: SOMERVILLE
  • Latitude: 35.2398
  • Longitude: -89.3435

    Address

  • Full Address: 165 Nicholas Dr
  • Address - House Number: 165
  • Address - Street Name: Nicholas
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Somerville
  • Carrier Code: C001
  • 4-Digit Zip Code: 1683
  • Zip Code: 38068

Valuation

    Tax

  • Total Area: 1,090
  • Tax Year: 2023
  • Tax Amount: $1,338
  • Tax Rate Code Area: 24A10

    Appraisal Valuation

  • Standard Deviation: 0.2653
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 62
  • Final Value: 276,270
  • High Value: 349,583
  • Low Value: 202,957

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $239,900
  • First Open Lien Mortgage Lender: UNITED STATES OF AMERICA
  • First Open Lien Mortgage Recording Date: Sep 16, 2021
  • First Open Lien Mortgage Loan Amount: $239,900
  • First Open Lien Mortgage Term: 395
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Sep 14, 2054

    Market Valuation

  • Market Total Value: $207,300
  • Market Land Value: $19,800
  • Market Improvement Value: $187,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $51,825
  • Assessed Land Value: $4,950
  • Assessed Improvements Value: $46,875

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Sep 16, 2021
  • Current Sale Transaction ID: 11856688091
  • Current Sale Price: $239,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21008514
  • Previous Sale Recording Date: Nov 23, 2020
  • Previous Sale Contract Date: Nov 19, 2020
  • Previous Sale Amount: $324,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED STATES OF AMERICA
  • First Mortgage Transaction Date: Sep 16, 2021
  • First Mortgage Loan Amount: $239,900
  • First Mortgage Loan Due Date: Sep 14, 2054

About Somerville



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Frequently Asked Questions

What neighborhood is 165 Nicholas Drive located in?
The 165 Nicholas Drive is a land located in the neighborhood of Fayette in Somerville, Somerville.
What is the average sales price for listings in 165 Nicholas Drive?
The average sales price for units in 165 Nicholas Drive is $0 currently.

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