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402 Terrace Lane

402 Terrace Lane, Woodbury, TN 37190
House in Cannon
Sold Aug 02, 2023
$290,000
$277,278 by Mortgage Investors Group
Mortgage Due Aug 01, 2053
Sold Aug 30, 2019
$192,000
$192,000 by Legacy Home Loans
Mortgage Due Jan 01, 2049
402 Terrace Lane in Woodbury, TN was first built in 1954 and is 70 years old. Although, the building on the property was most recently renovated and altered in 2005. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 402 Terrace Lane has 1,724 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 1,240 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 17,360 square feet.

Learn more about the property and building on this page. There is a open porch. 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 carport. There are a total of 2 available parking spaces. 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 unknown. While the interior walls are made of paneling. 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. 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, 402 Terrace Lane was last sold in Jul 27, 2023 for $290,000. According to our calculations, that's $168.21 per sqft. Prior to that sales transaction, the property was sold for $192,000 in Aug 29, 2019. Current property owners are expected to pay $1,376 in taxes per year. The property on 402 Terrace Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $67,375. To break that down further, the land itself was valued at $9,375. While improvements to the property were assessed at a total of $58,000. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

Exterior

Stone Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C+
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Carport
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 17,360
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 1,724
  • Building Area: 1,724
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,724
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ACADEMY HGTS 1ST ADDN
  • Land Acres: 0.399
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 6; SUBDIVISION: ACADEMY HGTS 1ST ADDN

Ownership

  • Current Owner : MCKENNA ROBERT L
  • Previous Owner : PAUL WILLIAM TYLER
  • Previous Owner 2: GRACE CAROLINE
  • Owner Before Previous Owner: JONES MICHAEL COLIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Cannon County School District
  • School Tax School District: 08785
  • Census Tract: 960201

Geography

  • Assessors Map Reference: 039O
  • District: 06
  • Parcel: 008039O D 02600
  • Municipality: WOODBURY
  • Latitude: 35.8221
  • Longitude: -86.0732

    Address

  • Full Address: 402 Terrace Ln
  • Address - House Number: 402
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Woodbury
  • Carrier Code: C001
  • 4-Digit Zip Code: 1520
  • Zip Code: 37190

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,376
  • Tax Rate Code Area: 08A02

    Appraisal Valuation

  • Standard Deviation: 0.462
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 7
  • Final Value: 236,226
  • High Value: 345,378
  • Low Value: 127,073

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $277,278
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP
  • First Open Lien Mortgage Recording Date: Aug 02, 2023
  • First Open Lien Mortgage Loan Amount: $277,278
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2053

    Market Valuation

  • Market Total Value: $269,500
  • Market Land Value: $37,500
  • Market Improvement Value: $232,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,375
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $58,000

    Sales

  • Current Sale Contract Date: Jul 27, 2023
  • Current Sale Recording Date: Aug 02, 2023
  • Current Sale Transaction ID: 11910327211
  • Current Sale Price: $290,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 72855
  • Previous Sale Recording Date: Aug 30, 2019
  • Previous Sale Contract Date: Aug 29, 2019
  • Previous Sale Amount: $192,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP
  • First Mortgage Transaction Date: Aug 02, 2023
  • First Mortgage Loan Amount: $277,278
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: LEGACY HOME LOANS
  • Previous Mortgage Transaction Date: Aug 30, 2019
  • Previous Mortgage Loan Amount: $192,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jan 01, 2049

About Woodbury



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Frequently Asked Questions

What neighborhood is 402 Terrace Lane located in?
The 402 Terrace Lane is a house located in the neighborhood of Cannon in Woodbury, Woodbury.
What is the average sales price for listings in 402 Terrace Lane?
The average sales price for units in 402 Terrace Lane is $0 currently.

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