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355 Neals Lane

355 Neals Lane, Gallatin, TN 37066
House in Sumner
Sold Jul 29, 2021
$430,500
$387,450 by Cardinal Financial Company Lp
Mortgage Due Aug 01, 2051
Sold May 11, 2021
$410,000
$389,500 by Cmg Mortgage Inc
Mortgage Due Jun 01, 2051
Local assessors in Gallatin, TN have categorized 355 Neals Lane as a residential type of property. The home was built in 1977 and is 47 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 43,560 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 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 355 Neals Lane has a total of 1,625 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,625 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 - C. The building has a gable or hip style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Jul 28, 2021 for $430,500. That's $264.92 per sqft. Prior to that sales transaction, the property was also sold in May 10, 2021 for $410,000. 355 Neals Lane was last assessed in 2023. The total value of the property was assessed at $75,275. Specifically, the land the property is located on was valued at $38,975. While improvements on the property were assessed at a total of $36,300. 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 $1,695. 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! 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.

Building Features

Exterior

Aluminum Siding
Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • 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: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 1,625
  • Parking Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,625
  • Gross Building Area: 3,250
  • Building Area: 1,625
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,625
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 09, COUNTY AREA: L00

Ownership

  • Current Owner : MCJILTON BRANDON K
  • Current Owner 2: MCJILTON CAJUN B
  • Previous Owner : SCHAUMBURG BRENT PAUL
  • Owner Before Previous Owner: MITCHELL THOMAS R
  • Owner Before Previous Owner 2: MITCHELL VERONICA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: Sumner County School District
  • Census Tract: 020502

Zoning

  • Zoning: ESTATEA

Geography

  • Assessors Map Reference: 115
  • District: 09
  • Parcel: 083115 03501
  • Latitude: 36.392
  • Longitude: -86.5259

    Address

  • Full Address: 355 Neals Ln
  • Address - House Number: 355
  • Address - Street Name: Neals
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Gallatin
  • Carrier Code: R027
  • 4-Digit Zip Code: 8539
  • Zip Code: 37066

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,695
  • Tax Rate Code Area: 83A00

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 512,970
  • High Value: 600,795
  • Low Value: 425,144

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $387,450
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Jul 29, 2021
  • First Open Lien Mortgage Loan Amount: $387,450
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $301,100
  • Market Land Value: $155,900
  • Market Improvement Value: $145,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,275
  • Assessed Land Value: $38,975
  • Assessed Improvements Value: $36,300

    Sales

  • Current Sale Contract Date: Jul 28, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Transaction ID: 11846267323
  • Current Sale Price: $430,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1375408
  • Previous Sale Recording Date: May 11, 2021
  • Previous Sale Contract Date: May 10, 2021
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Jul 29, 2021
  • First Mortgage Loan Amount: $387,450
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CMG MORTGAGE INC
  • Previous Mortgage Transaction Date: May 11, 2021
  • Previous Mortgage Loan Amount: $389,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2051

About Sumner



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Frequently Asked Questions

What neighborhood is 355 Neals Lane located in?
The 355 Neals Lane is a house located in the neighborhood of Sumner in Sumner, Gallatin.
What is the average sales price for listings in 355 Neals Lane?
The average sales price for units in 355 Neals Lane is $0 currently.

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