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5423 Colonial Circle

5423 Colonial Circle, Murfreesboro, TN 37129
House in Rutherford
Sold Sep 30, 2020
$240,000
$235,653 by Highlands Residential Mortgage
Mortgage Due Oct 01, 2050
Sold May 17, 2017
$162,000
$121,500 by Pinnacle Bank
Mortgage Due Jun 01, 2047
Local assessors in Murfreesboro, TN have categorized 5423 Colonial Circle as a residential type of property. The home was built in 1972 and is 52 years old. It was most recently renovated and altered in 2003. The property's lot size has been calculated to be 21,000 square feet. The linear feet between the front and back of the lot was measured at 1,750 ft and the front of the lot was measured at 1,200 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. 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 5423 Colonial Circle has a total of 1,769 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 mixed used garage for those who need a place to park their vehicle. The garage on the property is 600 sqft. There are 4 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 open 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. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 gravel/rock. Lots of masonry were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source. 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, 5423 Colonial Circle sold most recently in Sep 30, 2020 for a total of $240,000. If you work out the math, that's approximately a cost of $135.67 per sqft. Before that, the property was also sold for $162,000 in May 15, 2017. 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 $1,486 in taxes each year. 5423 Colonial Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $79,225. If we break it down further, the land itself was valued at $13,750. Improvements to the property, however, were assessed at a total of $65,475. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1972
  • Effective Year Built: 2003
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Masonry
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 600
  • Parking Space Count: 4
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 21,000
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,769
  • Building Area: 1,769
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,769
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COLONIAL VILLAGE
  • Land Acres: 0.482
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 28 COLONIAL VILLAGE 120 X 175

Ownership

  • Current Owner : COVINGTON JERRY WESLEY
  • Previous Owner : PATEL VISHAL
  • Previous Owner 2: PATEL NEEPA
  • Owner Before Previous Owner: SCHRADER ELIZABETH A
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Rutherford County School District
  • Census Tract: 042302

Geography

  • Assessors Map Reference: N/R
  • Account Number: R0027071
  • District: 000
  • Parcel: 048P-A-002.00-000
  • Lot: 28
  • Municipality: RUTHERFORD
  • Latitude: 35.9334
  • Longitude: -86.4722

    Address

  • Full Address: 5423 Colonial Cir
  • Address - House Number: 5423
  • Address - Street Name: Colonial
  • Address - Suffix Type: Cir
  • State: TN
  • City Name: Murfreesboro
  • Carrier Code: R012
  • 4-Digit Zip Code: 7038
  • Zip Code: 37129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,486

    Appraisal Valuation

  • Standard Deviation: 0.1563
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 80
  • Final Value: 400,459
  • High Value: 463,057
  • Low Value: 337,860

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $246,101
  • First Open Lien Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Sep 30, 2020
  • First Open Lien Mortgage Loan Amount: $235,653
  • 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: Oct 01, 2050
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Aug 29, 2023
  • Second Open Lien Mortgage Loan Amount: $10,448
  • Second Open Lien Mortgage Term: 325
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $316,900
  • Market Land Value: $55,000
  • Market Improvement Value: $261,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $79,225
  • Assessed Land Value: $13,750
  • Assessed Improvements Value: $65,475

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Sep 30, 2020
  • Current Sale Transaction ID: 11789968518
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2307828
  • Previous Sale Recording Date: May 17, 2017
  • Previous Sale Contract Date: May 15, 2017
  • Previous Sale Amount: $162,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Sep 30, 2020
  • First Mortgage Loan Amount: $235,653
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PINNACLE BANK
  • Previous Mortgage Transaction Date: May 17, 2017
  • Previous Mortgage Loan Amount: $121,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About Rutherford



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Frequently Asked Questions

What neighborhood is 5423 Colonial Circle located in?
The 5423 Colonial Circle is a house located in the neighborhood of Rutherford in Rutherford, Murfreesboro.
What is the average sales price for listings in 5423 Colonial Circle?
The average sales price for units in 5423 Colonial Circle is $0 currently.

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