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431 Holly Lane

431 Holly Lane, Spencer, TN 38585
Property in Van Buren
Sold May 10, 2021
$575,000
$373,750 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2051
Sold Apr 24, 2009
$225,300
Local assessors in Spencer, TN have categorized 431 Holly Lane as a residential type of property. The home was built in 2009 and is 15 years old. The property's lot size has been calculated to be 186,001 square feet. As for the restroom situation, there are 4 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 431 Holly Lane has a total of 3,310 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a unknown for those who need a place to park their vehicle. The garage on the property is 529 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a screened 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 - B. The building has a gable or hip style roof that was made of composition shingle. Lots of unknown 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 431 Holly Lane sold most recently in May 6, 2021 for a total of $575,000. If you work out the math, that's approximately a cost of $173.72 per sqft. Before that, the property was also sold for $225,300 in Jan 1, 1970. 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 $3,157 in taxes each year. 431 Holly Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $131,550. If we break it down further, the land itself was valued at $16,200. Improvements to the property, however, were assessed at a total of $115,350. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Average
  • Building Quality: B
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 186,001
  • Total Building Area: 3,310
  • Building Area: 3,310
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 3,310
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LONGBRANCH LAKES AT FCF
  • Land Acres: 4.27
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 03 THE HOMESITES OF THE LAKES SECTION 3, COUNTY AREA: C04

Ownership

  • Current Owner : SALEM SCOTT MICHAEL
  • Current Owner 2: SALEM BONNIE SMART
  • Previous Owner : RUSSELL JAMES A
  • Previous Owner 2: RUSSELL DEBRA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Van Buren County School District
  • Census Tract: 925000

Geography

  • Assessors Map Reference: 033
  • District: 03
  • Parcel: 088033 03600
  • Lot: 87
  • Latitude: 35.7316
  • Longitude: -85.296

    Address

  • Full Address: 431 Holly Ln
  • Address - House Number: 431
  • Address - Street Name: Holly
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 4134
  • Zip Code: 38585

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,157
  • Tax Rate Code Area: 88A00

    Appraisal Valuation

  • Standard Deviation: 0.2215
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 736,584
  • High Value: 899,772
  • Low Value: 573,396

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $373,750
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 10, 2021
  • First Open Lien Mortgage Loan Amount: $373,750
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $526,200
  • Market Land Value: $64,800
  • Market Improvement Value: $461,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,550
  • Assessed Land Value: $16,200
  • Assessed Improvements Value: $115,350

    Sales

  • Current Sale Contract Date: May 06, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11836089687
  • Current Sale Price: $575,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21000655
  • Previous Sale Recording Date: Apr 24, 2009
  • Previous Sale Amount: $225,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $373,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Van Buren



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 431 Holly Lane located in?
The 431 Holly Lane is a located in the neighborhood of Van Buren in Van Buren, Spencer.
What is the average sales price for listings in 431 Holly Lane?
The average sales price for units in 431 Holly Lane is $0 currently.

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