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355 Magnolia Lane

355 Magnolia Lane, Collierville, TN 38017
Property in Fayette
355 Magnolia Lane in Collierville, TN was first built in 2018 and is 6 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 355 Magnolia Lane has 4,133 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 2,000. 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. 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. For those who need parking, there is a attached garage. The garage is 890 sqft. There are a total of 3 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B+. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. 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 forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 355 Magnolia Lane was last sold in Oct 23, 2020 for $650,000. According to our calculations, that's $129.40 per sqft. Prior to that sales transaction, the property was sold for $85,000 in Sep 14, 2018. Current property owners are expected to pay $4,196 in taxes per year. The property on 355 Magnolia Lane was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $162,450. To break that down further, the land itself was valued at $23,125. While improvements to the property were assessed at a total of $139,325. 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.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180530
05/30/2018
4 Bed
3.5 Bath
-
-
bedrooms
4 Bed
bathrooms
3.5 Bath
-
-
-
-

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: B+
  • Exterior Walls Type: Brick
  • 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 Type: Attached
  • Garage Square Area: 890
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 5,023
  • Gross Building Area: 5,023
  • Building Area: 4,133
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 4,133
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TWIN LAKES OF PIPERTON
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TWIN LAKES OF PIPERTON PB: 10 PG: 184 LOT: 15 PHASE 1 110 X 200

Ownership

  • Current Owner : WEAVER STEPHEN H
  • Current Owner 2: WEAVER KIMBERLY H
  • Previous Owner : JOSEPH HOFFERT
  • Previous Owner 2: SHANNON HOFFERT SHANNON
  • Owner Before Previous Owner: TWIN LAKES JOINT VENTURE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayette County School District
  • School Tax School District: 24579
  • Census Tract: 060702

Geography

  • Assessors Map Reference: 164E
  • District: 10
  • Parcel: 164E-A-079.00
  • Lot: 15
  • Municipality: PIPERTON
  • Latitude: 35.0565
  • Longitude: -89.6112

    Address

  • Full Address: 355 Magnolia Ln
  • Address - House Number: 355
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Piperton
  • Carrier Code: R020
  • 4-Digit Zip Code: 5304
  • Zip Code: 38017

Valuation

    Tax

  • Total Area: 2,783
  • Tax Year: 2023
  • Tax Amount: $4,196
  • Tax Rate Code Area: 24A08

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 65
  • Final Value: 856,577
  • High Value: 1,064,982
  • Low Value: 648,171

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $584,350
  • First Open Lien Mortgage Lender: BANK3
  • First Open Lien Mortgage Recording Date: Oct 28, 2020
  • First Open Lien Mortgage Loan Amount: $510,400
  • 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: Nov 01, 2050
  • Second Open Lien Mortgage Lender: BANK3
  • Second Open Lien Mortgage Recording Date: Oct 28, 2020
  • Second Open Lien Mortgage Loan Amount: $73,950
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Oct 23, 2030

    Market Valuation

  • Market Total Value: $649,800
  • Market Land Value: $92,500
  • Market Improvement Value: $557,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $162,450
  • Assessed Land Value: $23,125
  • Assessed Improvements Value: $139,325

    Sales

  • Current Sale Contract Date: Oct 23, 2020
  • Current Sale Recording Date: Oct 28, 2020
  • Current Sale Transaction ID: 11796262636
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20008569
  • Previous Sale Recording Date: Sep 17, 2018
  • Previous Sale Contract Date: Sep 14, 2018
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK3
  • First Mortgage Transaction Date: Oct 28, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: THE BANK OF FAYETTE COUNTY
  • Previous Mortgage Transaction Date: Sep 17, 2018
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $536,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Piperton



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 355 Magnolia Lane located in?
The 355 Magnolia Lane is a located in the neighborhood of Fayette in Piperton, Collierville.
What is the average sales price for listings in 355 Magnolia Lane?
The average sales price for units in 355 Magnolia Lane is $0 currently.

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