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531 Clax Branch Road

531 Clax Branch Road, Loretto, TN 38469
Property in Lawrence
531 Clax Branch Road has been categorized by the local assessors in Loretto, TN as a vacant type of property. The area measurement of the land has been determined as 87,120 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 531 Clax Branch Road sold most recently in Sep 15, 2021 for a total of $304,000. 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 $76 in taxes each year. The initial year of tax delinquency occurred in 2021. 531 Clax Branch Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,800. If we break it down further, the land itself was valued at $3,800. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Vacant
  • Land Acres: 2
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: DISTRICT: 2

Ownership

  • Current Owner : BECKMAN WESLEY
  • Current Owner 2: BECKMAN KINZIE
  • Previous Owner : GROOMS KIMBERLY J
  • Previous Owner 2: THE BETTY M BROOMS IRREVOCABLE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lawrence County School District
  • Census Tract: 960700

Geography

  • Assessors Map Reference: 152
  • District: 02
  • Parcel: 050152 01700
  • Latitude: 35.0803
  • Longitude: -87.4543

    Address

  • Full Address: 531 Clax Branch Rd
  • Address - House Number: 531
  • Address - Street Name: Clax Branch
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Loretto
  • Carrier Code: R001
  • 4-Digit Zip Code: 3050
  • Zip Code: 38469

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $76
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 50A00

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $240,000
  • First Open Lien Mortgage Lender: FIRST FARMERS AND COMMERCIAL B
  • First Open Lien Mortgage Recording Date: Sep 16, 2021
  • First Open Lien Mortgage Loan Amount: $240,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $15,200
  • Market Land Value: $15,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,800
  • Assessed Land Value: $3,800

    Sales

  • Current Sale Contract Date: Sep 15, 2021
  • Current Sale Recording Date: Sep 16, 2021
  • Current Sale Transaction ID: 11855829934
  • Current Sale Price: $304,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21006297
  • Previous Sale Recording Date: Jul 31, 1972
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FARMERS AND COMMERCIAL B
  • First Mortgage Transaction Date: Sep 16, 2021
  • First Mortgage Loan Amount: $240,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Oct 01, 2051

About Loretto



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Frequently Asked Questions

What neighborhood is 531 Clax Branch Road located in?
The 531 Clax Branch Road is a located in the neighborhood of Lawrence in Loretto, Loretto.
What is the average sales price for listings in 531 Clax Branch Road?
The average sales price for units in 531 Clax Branch Road is $0 currently.

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