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406 Richland Circle

406 Richland Circle, Gallatin, TN 37066
Property in Sumner
Sold Jun 23, 2022
$325,000
$308,750 by United Wholesale Mortgage Llc
Mortgage Due Jul 01, 2052
Sold Apr 16, 2021
$230,000
$218,500 by Mortgage Investors Group
Mortgage Due May 01, 2051
Local assessors in Gallatin, TN have categorized 406 Richland Circle as a residential type of property. The home was built in 1950 and is 74 years old. It was most recently renovated and altered in 1962. The property's lot size has been calculated to be 13,125 square feet. The linear feet between the front and back of the lot was measured at 1,750 ft and the front of the lot was measured at 750 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 406 Richland Circle has a total of 1,389 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 finished improved basement that is 273 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 320 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. 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 paneling. 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. 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, 406 Richland Circle was last sold in Jun 16, 2022 for $325,000. According to our calculations, that's $233.98 per sqft. Prior to that sales transaction, the property was sold for $230,000 in Apr 13, 2021. Current property owners are expected to pay $1,500 in taxes per year. The property on 406 Richland Circle was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $49,175. To break that down further, the land itself was valued at $23,925. While improvements to the property were assessed at a total of $25,250. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

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

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • 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: Finished improved basement
  • Basement Area: 273
  • Parking Type: Attached
  • Garage Type: Detached
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 13,125
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,389
  • Gross Building Area: 1,669
  • Building Area: 1,389
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,389
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RAMSEY PLACE S/D
  • Land Acres: 0.301
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT: 0001 PAGE: 0147 BLOCK: C LOT: LIST SUBD: RAMSEY PLACE S/D

Ownership

  • Current Owner : SMITH ERIC PAYTON
  • Current Owner 2: WOOTEN HANNAH PAYTON
  • Previous Owner : PRICE GARRISON N
  • Owner Before Previous Owner: DEAN JAMES E
  • Owner Before Previous Owner 2: DEAN KATHRYN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Sumner County School District
  • School Tax School District: 83278
  • Census Tract: 020700

Geography

  • Assessors Map Reference: 126D
  • District: 03
  • Parcel: 083126D E 00700
  • Block: C
  • Lot: IST
  • Municipality: GALLATIN
  • Latitude: 36.3878
  • Longitude: -86.4317

    Address

  • Full Address: 406 Richland Cir
  • Address - House Number: 406
  • Address - Street Name: Richland
  • Address - Suffix Type: Cir
  • State: TN
  • City Name: Gallatin
  • Carrier Code: C001
  • 4-Digit Zip Code: 3016
  • Zip Code: 37066

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,500
  • Tax Rate Code Area: 83A01

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 337,682
  • High Value: 401,672
  • Low Value: 273,691

    Open Liens

  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jun 23, 2022
  • First Open Lien Mortgage Loan Amount: $308,750
  • 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: Jul 01, 2052

    Market Valuation

  • Market Total Value: $196,700
  • Market Land Value: $95,700
  • Market Improvement Value: $101,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,175
  • Assessed Land Value: $23,925
  • Assessed Improvements Value: $25,250

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 23, 2022
  • Current Sale Transaction ID: 11890822485
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1420164
  • Previous Sale Recording Date: Apr 16, 2021
  • Previous Sale Contract Date: Apr 13, 2021
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Jun 23, 2022
  • First Mortgage Loan Amount: $308,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE INVESTORS GROUP
  • Previous Mortgage Transaction Date: Apr 16, 2021
  • Previous Mortgage Loan Amount: $218,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2051

About Gallatin



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 406 Richland Circle located in?
The 406 Richland Circle is a located in the neighborhood of Sumner in Gallatin, Gallatin.
What is the average sales price for listings in 406 Richland Circle?
The average sales price for units in 406 Richland Circle is $0 currently.

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