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316 Lake Drive

316 Lake Drive, Columbia, TN 38401
Property in Maury
Sold Feb 01, 1996
$81,000
$63,000 by Embrace Home Loans Inc
Mortgage Due Aug 01, 2028
Sold Jan 31, 1996
Transfer
316 Lake Drive in Columbia, TN was first built in 1972 and is 52 years old. Although, the building on the property was most recently renovated and altered in 2002. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. It is a single story home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 316 Lake Drive has 1,250 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. The linear feet across the front of the lot is 1,100 ft and the linear feet between the front and back of the lot is 2,380. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. 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 brick. 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 a packaged air conditioning unit. 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, 316 Lake Drive was last sold in Jan 1, 1970 for $81,000. According to our calculations, that's $32.40 per sqft. Current property owners are expected to pay $979 in taxes per year. The property on 316 Lake Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $51,250. To break that down further, the land itself was valued at $12,500. While improvements to the property were assessed at a total of $38,750. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 1,250
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 2,380
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 2,500
  • Gross Building Area: 2,536
  • Building Area: 1,250
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,250
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TALL TREE EST SEC 2
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TALL TREE EST SEC 2 PB 4 PG 91 LOT 36 110X238.2 IRR

Ownership

  • Current Owner : GUSTAFSON MICHAEL
  • Previous Owner : SMITH ROBERT E
  • Owner Before Previous Owner: SMITH ROBERT E
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Maury County School District
  • Census Tract: 010402

Geography

  • Assessors Map Reference: 075I
  • Parcel: 075I-A-015.00
  • Lot: 36
  • Municipality: MAURY - COLUMBIA
  • Latitude: 35.6475
  • Longitude: -87.0263

    Address

  • Full Address: 316 Lake Dr
  • Address - House Number: 316
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Columbia
  • Carrier Code: C016
  • 4-Digit Zip Code: 2021
  • Zip Code: 38401

Valuation

    Tax

  • Total Area: 1,250
  • Tax Year: 2023
  • Tax Amount: $979
  • Tax Rate Code Area: 60A01

    Appraisal Valuation

  • Standard Deviation: 0.212
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 288,649
  • High Value: 349,855
  • Low Value: 227,442

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $63,000
  • First Open Lien Mortgage Lender: EMBRACE HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Aug 07, 2013
  • First Open Lien Mortgage Loan Amount: $63,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2028

    Market Valuation

  • Market Total Value: $205,000
  • Market Land Value: $50,000
  • Market Improvement Value: $155,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,250
  • Assessed Land Value: $12,500
  • Assessed Improvements Value: $38,750

    Sales

  • Current Sale Recording Date: Feb 01, 1996
  • Current Sale Transaction ID: 1202060091
  • Current Sale Price: $81,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jan 31, 1996
  • Previous Sale Document Type: Deed

About Columbia



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Frequently Asked Questions

What neighborhood is 316 Lake Drive located in?
The 316 Lake Drive is a located in the neighborhood of Maury in Columbia, Columbia.
What is the average sales price for listings in 316 Lake Drive?
The average sales price for units in 316 Lake Drive is $0 currently.

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