Check Availability

509 Greenwood Drive

509 Greenwood Drive, Lafayette, TN 37083
House in Macon
Sold May 26, 2020
$175,000
$176,767 by Equity Prime Mortgage Llc
Mortgage Due Jun 01, 2050
Sold Aug 05, 2019
$100,000
Local assessors in Lafayette, TN have categorized 509 Greenwood Drive as a residential type of property. The home was built in 1969 and is 55 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 43,560 square feet. The linear feet between the front and back of the lot was measured at 1,800 ft and the front of the lot was measured at 1,000 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. 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 509 Greenwood Drive has a total of 1,500 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 350 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. 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 detached garage for those who need a place to park their vehicle. The garage on the property is 480 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 both a unknown and a unknown so you'll have great options in both the front and back 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 concrete block 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. The property was last sold in May 13, 2020 for $175,000. That's $116.67 per sqft. Prior to that sales transaction, the property was also sold in Aug 5, 2019 for $100,000. 509 Greenwood Drive was last assessed in 2024. The total value of the property was assessed at $49,875. Specifically, the land the property is located on was valued at $5,000. While improvements on the property were assessed at a total of $44,875. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $928. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1969
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Exterior Walls Type: Concrete block
  • 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: 350
  • Garage Type: Detached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,500
  • Gross Building Area: 1,500
  • Building Area: 1,500
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,500
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: OAK TERRACE
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OAK TERRACE PB 1 PG 10 BLK B LOT 17 100X180

Ownership

  • Current Owner : TROUTT DAVID
  • Previous Owner : GREGORY DAVID
  • Owner Before Previous Owner: BROOKS JERRY
  • Owner Before Previous Owner 2: BROOKS GLENDA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Macon County School District
  • School Tax School District: 56389
  • Census Tract: 970301

Geography

  • Assessors Map Reference: 059E
  • District: 01
  • Parcel: 059E-C-007.00
  • Block: B
  • Lot: 17
  • Municipality: MACON - LAFAYETTE
  • Latitude: 36.5152
  • Longitude: -86.0075

    Address

  • Full Address: 509 Greenwood Dr
  • Address - House Number: 509
  • Address - Street Name: Greenwood
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Lafayette
  • Carrier Code: C001
  • 4-Digit Zip Code: 1021
  • Zip Code: 37083

Valuation

    Tax

  • Total Area: 1,150
  • Tax Year: 2022
  • Tax Amount: $928
  • Tax Rate Code Area: 56A01

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 418,670
  • High Value: 610,896
  • Low Value: 226,443

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $176,767
  • First Open Lien Mortgage Lender: EQUITY PRIME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 26, 2020
  • First Open Lien Mortgage Loan Amount: $176,767
  • 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, 2050

    Market Valuation

  • Market Total Value: $199,500
  • Market Land Value: $20,000
  • Market Improvement Value: $179,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $49,875
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $44,875

    Sales

  • Current Sale Contract Date: May 13, 2020
  • Current Sale Recording Date: May 26, 2020
  • Current Sale Transaction ID: 11762395692
  • Current Sale Price: $175,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20001817
  • Previous Sale Recording Date: Aug 05, 2019
  • Previous Sale Contract Date: Aug 05, 2019
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY PRIME MORTGAGE LLC
  • First Mortgage Transaction Date: May 26, 2020
  • First Mortgage Loan Amount: $176,767
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

About Lafayette



Similar Buildings

House at 509 Greenwood Drive,

595 Days Road

  • 1 Unit for Sale
595 Days Road, Lafayette, TN 37083
House at 509 Greenwood Drive,

822 Highway 52 East

  • 1 Unit for Sale
822 Highway 52 East, Lafayette, TN 37083
House at 509 Greenwood Drive,

154 Kristen Drive

  • 1 Unit for Sale
154 Kristen Drive, Lafayette, TN 37083
House at 509 Greenwood Drive,

306 Main Street

  • 1 Unit for Sale
306 Main Street, Lafayette, TN 37083
House at 509 Greenwood Drive,

302 Walton Avenue

  • 1 Unit for Sale
302 Walton Avenue, Lafayette, TN 37083

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 509 Greenwood Drive located in?
The 509 Greenwood Drive is a house located in the neighborhood of Macon in Lafayette, Lafayette.
What is the average sales price for listings in 509 Greenwood Drive?
The average sales price for units in 509 Greenwood Drive is $179,900 , or $97/sqft. currently.

Quantcast