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229 Lighthouse Terrace

229 Lighthouse Terrace, Franklin, TN 37064
House in Williamson
Sold Jul 01, 2020
$467,500
$3,740,000 by River Bank & Trust
Mortgage Due Jul 01, 2050
Sold Jul 03, 2007
$333,000
$105,000 by Bank Of America Na
Mortgage Due Aug 01, 2022
229 Lighthouse Terrace has been categorized by the local assessors in Franklin, TN as a residential type of property. The building on the property was first built in 1998 and is 26 years old. However, we must point out that the home was most recently renovated and altered in 2003. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 229 Lighthouse Terrace has 2,476 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 1,100 ft and across the front of the lot is 1,020 ft. The area measurement of the land has been determined as 11,220 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 462 sqft. According to our sources, there are a total of 2 available parking spaces. 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 unsound. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of brick veneer. 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. 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 Jun 30, 2020 for $467,500. That's $159.12 per sqft. Prior to that sales transaction, the property was also sold in Jul 2, 2007 for $333,000. 229 Lighthouse Terrace was last assessed in 2023. The total value of the property was assessed at $113,725. Specifically, the land the property is located on was valued at $26,250. While improvements on the property were assessed at a total of $87,475. 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 $2,452. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Unsound
  • Building Quality: B
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,220
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 2,938
  • Gross Building Area: 2,938
  • Building Area: 2,476
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,476
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SULLIVAN FARMS
  • Land Acres: 0.258
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: SUBD SULLIVAN FARMS SEC D PB 24 PG 147 LOT 0577 AKA SULLIVAN CHASE

Ownership

  • Current Owner : JOHNSON JEREMY
  • Current Owner 2: BAIMA BRITTANY
  • Previous Owner : PICATAGGIO DAVID
  • Previous Owner 2: PICATAGGIO SUSAN
  • Owner Before Previous Owner: COBB STANLEY D
  • Owner Before Previous Owner 2: COBB JENNIFER K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Williamson County School District
  • Census Tract: 050906

Geography

  • Assessors Map Reference: 090M
  • District: 263
  • Parcel: 090M-C-023.00-000
  • Lot: 0577
  • Municipality: FRANKLIN
  • Latitude: 35.8868
  • Longitude: -86.8579

    Address

  • Full Address: 229 Lighthouse Ter
  • Address - House Number: 229
  • Address - Street Name: Lighthouse
  • Address - Suffix Type: Ter
  • State: TN
  • City Name: Franklin
  • Carrier Code: R005
  • 4-Digit Zip Code: 6773
  • Zip Code: 37064

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,452

    Appraisal Valuation

  • Standard Deviation: 0.201
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 730,882
  • High Value: 877,795
  • Low Value: 583,969

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,740,000
  • First Open Lien Mortgage Lender: RIVER BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jul 01, 2020
  • First Open Lien Mortgage Loan Amount: $3,740,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050

    Market Valuation

  • Market Total Value: $454,900
  • Market Land Value: $105,000
  • Market Improvement Value: $349,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,725
  • Assessed Land Value: $26,250
  • Assessed Improvements Value: $87,475

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Jul 01, 2020
  • Current Sale Transaction ID: 11770325090
  • Current Sale Price: $467,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20032912
  • Previous Sale Recording Date: Jul 03, 2007
  • Previous Sale Contract Date: Jul 02, 2007
  • Previous Sale Amount: $333,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RIVER BANK & TRUST
  • First Mortgage Transaction Date: Jul 01, 2020
  • First Mortgage Loan Amount: $3,740,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jul 03, 2007
  • Previous Mortgage Loan Amount: $105,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2022

About Franklin



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Frequently Asked Questions

What neighborhood is 229 Lighthouse Terrace located in?
The 229 Lighthouse Terrace is a house located in the neighborhood of Williamson in Franklin, Franklin.
What is the average sales price for listings in 229 Lighthouse Terrace?
The average sales price for units in 229 Lighthouse Terrace is $0 currently.

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