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516 Elba Drive

516 Elba Drive, Goodlettsville, TN 37072
House in Sumner
Sold Mar 18, 2021
$290,000
$284,747 by Finance Of America Mortgage Ll
Mortgage Due Apr 01, 2051
Sold Oct 02, 2020
$150,000
$160,000 by Franklin Synergy Bank
Mortgage
516 Elba Drive has been categorized by the local assessors in Goodlettsville, TN as a residential type of property. The building on the property was first built in 1962 and is 62 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 516 Elba Drive has 1,350 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,350 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,530 ft and across the front of the lot is 1,200 ft. The area measurement of the land has been determined as 18,360 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a porch. 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 C by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 516 Elba Drive sold most recently in Mar 16, 2021 for a total of $290,000. If you work out the math, that's approximately a cost of $214.81 per sqft. Before that, the property was also sold for $150,000 in Sep 16, 2020. 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 $1,325 in taxes each year. 516 Elba Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $43,325. If we break it down further, the land itself was valued at $17,475. Improvements to the property, however, were assessed at a total of $25,850. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Exterior

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

Building Info

Overview

    General

  • Year Built: 1962
  • 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: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 1,350
  • Parking Type: Attached
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 18,360
  • Lot Size Depth Feet: 1,530
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,350
  • Gross Building Area: 2,700
  • Building Area: 1,350
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,350
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PAGE HEIGHTS SEC 1
  • Land Acres: 0.421
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT: 2 PAGE: 32 BLOCK: LOT: 9 SUBD: PAGE HEIGHTS SEC 1

Ownership

  • Current Owner : WEAVER JOHN CLARK
  • Previous Owner : ENTRUST INVESTMENTS LLC
  • Owner Before Previous Owner: SHIPMAN A LAMAR
  • Owner Before Previous Owner 2: THE REVOCABLE TRUST OF A LAMAR
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Sumner County School District
  • School Tax School District: 83298
  • Census Tract: 021002

Geography

  • Assessors Map Reference: 143J
  • District: 06
  • Parcel: 083143J C 02300
  • Lot: 9
  • Municipality: GOODLETTSVILLE
  • Latitude: 36.3313
  • Longitude: -86.6934

    Address

  • Full Address: 516 Elba Dr
  • Address - House Number: 516
  • Address - Street Name: Elba
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Goodlettsville
  • Carrier Code: R008
  • 4-Digit Zip Code: 3417
  • Zip Code: 37072

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,325
  • Tax Rate Code Area: 83A02

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 346,634
  • High Value: 405,934
  • Low Value: 287,335

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $284,747
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Mar 18, 2021
  • First Open Lien Mortgage Loan Amount: $284,747
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $173,300
  • Market Land Value: $69,900
  • Market Improvement Value: $103,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,325
  • Assessed Land Value: $17,475
  • Assessed Improvements Value: $25,850

    Sales

  • Current Sale Contract Date: Mar 16, 2021
  • Current Sale Recording Date: Mar 18, 2021
  • Current Sale Transaction ID: 11829407664
  • Current Sale Price: $290,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1355637
  • Previous Sale Recording Date: Oct 02, 2020
  • Previous Sale Contract Date: Sep 16, 2020
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Mar 18, 2021
  • First Mortgage Loan Amount: $284,747
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FRANKLIN SYNERGY BANK
  • Previous Mortgage Transaction Date: Oct 02, 2020
  • Previous Mortgage Loan Amount: $160,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Goodlettsville



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Frequently Asked Questions

What neighborhood is 516 Elba Drive located in?
The 516 Elba Drive is a house located in the neighborhood of Sumner in Goodlettsville, Goodlettsville.
What is the average sales price for listings in 516 Elba Drive?
The average sales price for units in 516 Elba Drive is $0 currently.

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