Check Availability

243 Rae Drive

243 Rae Drive, Munford, TN 38058
Sold May 10, 2021
$167,500
$125,625 by Highlands Residential Mortgage
Mortgage Due May 01, 2051
Sold Mar 28, 2017
$150,000
$97,500 by Peak Equity Group
Mortgage
243 Rae Drive in Munford, TN was first built in 2016 and is 8 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 243 Rae Drive has 1,290 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 46,174 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 400 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating 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, 243 Rae Drive was last sold in Apr 30, 2021 for $167,500. According to our calculations, that's $129.84 per sqft. Prior to that sales transaction, the property was sold for $150,000 in Mar 15, 2017. Current property owners are expected to pay $742 in taxes per year. The property on 243 Rae Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $51,750. To break that down further, the land itself was valued at $10,250. While improvements to the property were assessed at a total of $41,500. 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. 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!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.

Building Features

Parking

Garage Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • 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: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 46,174
  • Total Building Area: 1,290
  • Building Area: 1,290
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,290
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HAPPY VALLEY SEC D
  • Land Acres: 1.06
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 06, COUNTY AREA: S44

Ownership

  • Current Owner : JOSEPH MARK ANDREW
  • Current Owner 2: JOSEPH PAULINE MARIE
  • Previous Owner : MELLOR PROPERTIES LLC
  • Owner Before Previous Owner: TIPTON INVESTMENT PROPERTI
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Tipton County School District
  • Census Tract: 040303

Geography

  • Assessors Map Reference: 113M
  • District: 06
  • Parcel: 084112P A 01500
  • Lot: 104
  • Latitude: 35.4326
  • Longitude: -89.8562

    Address

  • Full Address: 243 Rae Dr
  • Address - House Number: 243
  • Address - Street Name: Rae
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Munford
  • Carrier Code: R004
  • 4-Digit Zip Code: 1613
  • Zip Code: 38058

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $742
  • Tax Rate Code Area: 84A00

    Appraisal Valuation

  • Standard Deviation: 0.4721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 5
  • Final Value: 216,505
  • High Value: 318,735
  • Low Value: 114,274

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $125,625
  • First Open Lien Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: May 10, 2021
  • First Open Lien Mortgage Loan Amount: $125,625
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $207,000
  • Market Land Value: $41,000
  • Market Improvement Value: $166,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,750
  • Assessed Land Value: $10,250
  • Assessed Improvements Value: $41,500

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11834574593
  • Current Sale Price: $167,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 244676
  • Previous Sale Recording Date: Mar 28, 2017
  • Previous Sale Contract Date: Mar 15, 2017
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $125,625
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: PEAK EQUITY GROUP
  • Previous Mortgage Transaction Date: Mar 28, 2017
  • Previous Mortgage Loan Amount: $97,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Happy Valley



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 243 Rae Drive located in?
The 243 Rae Drive is a house located in the neighborhood of Happy Valley in Happy Valley, Munford.
What is the average sales price for listings in 243 Rae Drive?
The average sales price for units in 243 Rae Drive is $0 currently.

Quantcast