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4690 Lakeland Trace

4690 Lakeland Trace, Arlington, TN 38002
Property in Shelby
Sold Jul 28, 2020
$569,600
$455,680 by Community Mortgage Corp
Mortgage Due Aug 01, 2035
4690 Lakeland Trace has been categorized by the local assessors in Arlington, TN as a residential type of property. The building on the property was first built in 2020 and is 4 years old. The home has a total of 8 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 4690 Lakeland Trace has 4,656 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 13,300 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 1,036 sqft. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery 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, 4690 Lakeland Trace sold most recently in Jul 27, 2020 for a total of $569,600. If you work out the math, that's approximately a cost of $100.07 per sqft. 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 $5,243 in taxes each year. 4690 Lakeland Trace was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $154,650. If we break it down further, the land itself was valued at $29,250. Improvements to the property, however, were assessed at a total of $125,400. 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. 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!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: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 1,036
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,300
  • Total Building Area: 5,692
  • Gross Building Area: 5,692
  • Building Area: 4,656
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,656
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKWOOD GROVE PHASE 1A 2A 3A
  • Land Acres: 0.305
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES LAKELAND TRACE SEE MAP 81D

Ownership

  • Current Owner : SCHNEIDER ANDREW
  • Current Owner 2: SCHNEIDER HEATHER
  • Previous Owner : CORREALE INVESTMENT PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020836

Zoning

  • Zoning: CA

Geography

  • Assessors Map Reference: MB 283-042
  • District: L
  • Parcel: L0-151E-A0-0012
  • Lot: 125
  • Municipality: LAKELAND
  • Latitude: 35.2538
  • Longitude: -89.7152

    Address

  • Full Address: 4690 Lakeland Trce
  • Address - House Number: 4690
  • Address - Street Name: Lakeland
  • Address - Suffix Type: Trce
  • State: TN
  • City Name: Lakeland
  • Carrier Code: R025
  • 4-Digit Zip Code: 2562
  • Zip Code: 38002

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,243

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 794,496
  • High Value: 992,114
  • Low Value: 596,878

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $455,680
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 28, 2020
  • First Open Lien Mortgage Loan Amount: $455,680
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2035

    Market Valuation

  • Market Total Value: $618,600
  • Market Land Value: $117,000
  • Market Improvement Value: $501,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $154,650
  • Assessed Land Value: $29,250
  • Assessed Improvements Value: $125,400

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Jul 28, 2020
  • Current Sale Transaction ID: 11774206318
  • Current Sale Price: $569,600
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20078297

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 28, 2020
  • First Mortgage Loan Amount: $455,680
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2035

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Frequently Asked Questions

What neighborhood is 4690 Lakeland Trace located in?
The 4690 Lakeland Trace is a located in the neighborhood of Shelby in Lakeland, Arlington.
What is the average sales price for listings in 4690 Lakeland Trace?
The average sales price for units in 4690 Lakeland Trace is $0 currently.

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