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268 Penny Lane

268 Penny Lane, Adamsville, TN 38310
Property in McNairy
Sold May 10, 2021
$180,000
$80,000 by Home Banking Co
Mortgage Due May 07, 2026
Sold Oct 07, 1998
$6,000
268 Penny Lane has been categorized by the local assessors in Adamsville, TN as a residential type of property. The building on the property was first built in 1999 and is 25 years old. However, we must point out that the home was most recently renovated and altered in 2006. 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, 268 Penny Lane has 1,848 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 249,163 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 carport for those who require parking. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. 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 metal. 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 and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. The building on the property is connected to a sewer 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, 268 Penny Lane was last sold in May 7, 2021 for $180,000. According to our calculations, that's $97.40 per sqft. Prior to that sales transaction, the property was sold for $6,000 in Jan 1, 1970. Current property owners are expected to pay $673 in taxes per year. The property on 268 Penny Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $42,650. To break that down further, the land itself was valued at $4,100. While improvements to the property were assessed at a total of $38,550. 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

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • 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: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 3
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 249,163
  • Total Building Area: 1,848
  • Building Area: 1,848
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,848
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BOB SMITH AND KEVIN SMITH PROPERTY
  • Land Acres: 5.72
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 3

Ownership

  • Current Owner : BRAND GEORGE WAYNE
  • Current Owner 2: BRAND MARY ELLEN
  • Previous Owner : WINTERS KEM
  • Previous Owner 2: WINTERS KEVIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: McNairy County School District
  • Census Tract: 930100

Geography

  • Assessors Map Reference: 056
  • District: 03
  • Parcel: 055056 00704
  • Municipality: MCNAIRY COUNTY-UNINCORPORATED
  • Latitude: 35.242
  • Longitude: -88.4168

    Address

  • Full Address: 268 Penny Ln
  • Address - House Number: 268
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Adamsville
  • Carrier Code: R003
  • 4-Digit Zip Code: 4571
  • Zip Code: 38310

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $673
  • Tax Rate Code Area: 55A00

    Appraisal Valuation

  • Standard Deviation: 0.1318
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 73
  • Final Value: 181,564
  • High Value: 205,496
  • Low Value: 157,631

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $80,000
  • First Open Lien Mortgage Lender: HOME BANKING CO
  • First Open Lien Mortgage Recording Date: May 10, 2021
  • First Open Lien Mortgage Loan Amount: $80,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: May 07, 2026

    Market Valuation

  • Market Total Value: $170,600
  • Market Land Value: $16,400
  • Market Improvement Value: $154,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,650
  • Assessed Land Value: $4,100
  • Assessed Improvements Value: $38,550

    Sales

  • Current Sale Contract Date: May 07, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11836118944
  • Current Sale Price: $180,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 121232
  • Previous Sale Recording Date: Oct 07, 1998
  • Previous Sale Amount: $6,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME BANKING CO
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $80,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: May 07, 2026

About McNairy



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Frequently Asked Questions

What neighborhood is 268 Penny Lane located in?
The 268 Penny Lane is a located in the neighborhood of McNairy in McNairy, Adamsville.
What is the average sales price for listings in 268 Penny Lane?
The average sales price for units in 268 Penny Lane is $0 currently.

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