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262 Cotton Lane

262 Cotton Lane, Ramer, TN 38367
Property in McNairy
Sold Jun 23, 2015
$61,358
$264,006 by Farm Credit Services
Mortgage
Sold Apr 17, 2014
$155,000
$264,006 by Farm Credit Services
Mortgage
Local assessors in Ramer, TN have categorized 262 Cotton Lane as a residential type of property. The home was built in 1991 and is 33 years old. The property's lot size has been calculated to be 1,088,129 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 262 Cotton Lane has a total of 1,568 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D+. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with gas. The property was last sold in Jun 23, 2015 for $61,358. That's $39.13 per sqft. Prior to that sales transaction, the property was also sold in Apr 16, 2014 for $155,000. 262 Cotton Lane was last assessed in 2022. The total value of the property was assessed at $21,525. Specifically, the land the property is located on was valued at $7,500. While improvements on the property were assessed at a total of $14,025. 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 $339. 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. 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: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D+
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,088,129
  • Total Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,568
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 24.98
  • Standard Land Use Code: Rural/agricultural residence
  • County Land Use Code: Rail (right-of-way & track)
  • Legal Description 1: DISTRICT: 6

Ownership

  • Current Owner : LANE CHARLES E
  • Current Owner 2: LANE MARGRET MAY
  • Previous Owner : LANDRY DENNIS JAMES
  • Owner Before Previous Owner: BERRY KATHRYN ANNE
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: McNairy County School District
  • Census Tract: 930600

Geography

  • Assessors Map Reference: 150
  • District: 06
  • Parcel: 055150 02500
  • Municipality: MCNAIRY COUNTY-UNINCORPORATED
  • Latitude: 35.0294
  • Longitude: -88.566

    Address

  • Full Address: 262 Cotton Ln
  • Address - House Number: 262
  • Address - Street Name: Cotton
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Ramer
  • Carrier Code: R001
  • 4-Digit Zip Code: 6139
  • Zip Code: 38367

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $339
  • Tax Rate Code Area: 55A00

    Appraisal Valuation

  • Standard Deviation: 0.4913
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 1
  • Final Value: 152,035
  • High Value: 226,733
  • Low Value: 77,336

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $264,006
  • First Open Lien Mortgage Lender: FARM CREDIT SERVICES
  • First Open Lien Mortgage Recording Date: Apr 17, 2014
  • First Open Lien Mortgage Loan Amount: $264,006
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $86,100
  • Market Land Value: $30,000
  • Market Improvement Value: $56,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,525
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $14,025

    Sales

  • Current Sale Contract Date: Jun 23, 2015
  • Current Sale Recording Date: Jun 23, 2015
  • Current Sale Transaction ID: 1210985573
  • Current Sale Price: $61,358
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 95382
  • Previous Sale Recording Date: Apr 17, 2014
  • Previous Sale Contract Date: Apr 16, 2014
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FARM CREDIT SERVICES
  • Previous Mortgage Transaction Date: Apr 17, 2014
  • Previous Mortgage Loan Amount: $264,006
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Guys



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Frequently Asked Questions

What neighborhood is 262 Cotton Lane located in?
The 262 Cotton Lane is a located in the neighborhood of McNairy in Guys, Ramer.
What is the average sales price for listings in 262 Cotton Lane?
The average sales price for units in 262 Cotton Lane is $0 currently.

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