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4205 Wallace Lane

4205 Wallace Lane, Nashville, TN 37215
House in Green Hills
Sold Feb 27, 2020
$850,000
$800,000 by Residential Wholesale Mortgage
Mortgage Due May 01, 2052
Sold Aug 09, 2018
$740,000
$592,000 by F & M Bank
Mortgage Due Sep 01, 2048
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4205 Wallace Lane in Nashville, TN was first built in 1960 and is 64 years old. Although, the building on the property was most recently renovated and altered in 1975. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 4205 Wallace Lane has 2,532 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 1,340 ft and the linear feet between the front and back of the lot is 3,000. In total, the area measurement of the land is 38,333 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a carport. There is one available parking space. 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 into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4205 Wallace Lane sold most recently in Feb 26, 2020 for a total of $850,000. If you work out the math, that's approximately a cost of $335.70 per sqft. Before that, the property was also sold for $740,000 in Aug 1, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,099 in taxes each year. 4205 Wallace Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $213,800. If we break it down further, the land itself was valued at $112,500. Improvements to the property, however, were assessed at a total of $101,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Attached Garage

Exterior

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

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1975
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Roof Cover Type: Other
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 38,333
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,340
  • Total Building Area: 2,532
  • Gross Building Area: 4,046
  • Building Area: 2,532
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,532
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALLACE
  • Land Acres: 0.88
  • Standard Land Use Code: Single family residential
  • Legal Description 1: W SIDE WALLACE LN S OF HOBBS RD

Ownership

  • Current Owner : DONOHO VICTOR G
  • Current Owner 2: DONOHO ELIZABETH J
  • Previous Owner : WARD DANNY
  • Previous Owner 2: WARD JENNIFER
  • Owner Before Previous Owner: GRACE FRANK
  • Owner Before Previous Owner 2: GRACE KAROL F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Metropolitan Nashville Public School District
  • Census Tract: 017902

Zoning

  • Zoning: RS20

Geography

  • Parcel: 130-04-0-089-00
  • Municipality: 55-USD
  • Latitude: 36.1016
  • Longitude: -86.8345

    Address

  • Full Address: 4205 Wallace Ln
  • Address - House Number: 4205
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Nashville
  • Carrier Code: C006
  • 4-Digit Zip Code: 3231
  • Zip Code: 37215

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,099
  • Tax Rate Code Area: USD

    Appraisal Valuation

  • Standard Deviation: 0.2322
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 67
  • Final Value: 1,259,671
  • High Value: 1,552,239
  • Low Value: 967,103

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $800,000
  • First Open Lien Mortgage Lender: RESIDENTIAL WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: May 06, 2022
  • First Open Lien Mortgage Loan Amount: $800,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $855,200
  • Market Land Value: $450,000
  • Market Improvement Value: $405,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $213,800
  • Assessed Land Value: $112,500
  • Assessed Improvements Value: $101,300

    Sales

  • Current Sale Contract Date: Feb 26, 2020
  • Current Sale Recording Date: Feb 27, 2020
  • Current Sale Transaction ID: 11738349876
  • Current Sale Price: $850,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200227-0021742
  • Previous Sale Recording Date: Aug 09, 2018
  • Previous Sale Contract Date: Aug 01, 2018
  • Previous Sale Amount: $740,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RESIDENTIAL WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Feb 27, 2020
  • First Mortgage Loan Amount: $680,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: F & M BANK
  • Previous Mortgage Transaction Date: Aug 09, 2018
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $592,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Sep 01, 2048

About Green Hills



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Frequently Asked Questions

What neighborhood is 4205 Wallace Lane located in?
The 4205 Wallace Lane is a house located in the neighborhood of Green Hills in Green Hills, Nashville.
What is the average sales price for listings in 4205 Wallace Lane?
The average sales price for units in 4205 Wallace Lane is $0 currently.

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