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5503 Loyce Laster Road

5503 Loyce Laster Road, Union City, TN 38261
Property in Obion
Sold Sep 29, 2023
$150,000
$151,515 by Simmons Bank
Mortgage Due Oct 01, 2053
Sold Jul 13, 2015
$42,500
$36,928 by First State Bank
Mortgage Due Aug 01, 2025
Local assessors in Union City, TN have categorized 5503 Loyce Laster Road as a residential type of property. The home was built in 1957 and is 67 years old. It was most recently renovated and altered in 1966. The property's lot size has been calculated to be 32,670 square feet. 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 5503 Loyce Laster Road has a total of 1,012 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 water 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 carport for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. 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. 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 metal. Lots of brick 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. 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. 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, 5503 Loyce Laster Road sold most recently in Sep 25, 2023 for a total of $150,000. If you work out the math, that's approximately a cost of $148.22 per sqft. Before that, the property was also sold for $42,500 in Jul 8, 2015. 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 $229 in taxes each year. 5503 Loyce Laster Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $12,075. If we break it down further, the land itself was valued at $2,250. Improvements to the property, however, were assessed at a total of $9,825. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1957
  • Effective Year Built: 1966
  • 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: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 1,012
  • Building Area: 1,012
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,012
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.75
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 7

Ownership

  • Current Owner : DILDAY BROCK THOMAS
  • Previous Owner : CONNELL DAVID CHADWICK
  • Owner Before Previous Owner: SECRETARY OF HOUSING & URBAN DEVELOPMENT
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Obion County School District
  • Census Tract: 965800

Geography

  • Assessors Map Reference: 098
  • District: 07
  • Parcel: 066098 00600
  • Latitude: 36.3284
  • Longitude: -88.9766

    Address

  • Full Address: 5503 Loyce Laster Rd
  • Address - House Number: 5503
  • Address - Street Name: Loyce Laster
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Union City
  • Carrier Code: R003
  • 4-Digit Zip Code: 9203
  • Zip Code: 38261

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $229
  • Tax Rate Code Area: 66A00

    Appraisal Valuation

  • Standard Deviation: 0.284
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 43
  • Final Value: 40,496
  • High Value: 51,997
  • Low Value: 28,994

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $151,515
  • First Open Lien Mortgage Lender: SIMMONS BANK
  • First Open Lien Mortgage Recording Date: Sep 29, 2023
  • First Open Lien Mortgage Loan Amount: $151,515
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Market Valuation

  • Market Total Value: $48,300
  • Market Land Value: $9,000
  • Market Improvement Value: $39,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,075
  • Assessed Land Value: $2,250
  • Assessed Improvements Value: $9,825

    Sales

  • Current Sale Contract Date: Sep 25, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Transaction ID: 11913823040
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 80242
  • Previous Sale Recording Date: Jul 13, 2015
  • Previous Sale Contract Date: Jul 08, 2015
  • Previous Sale Amount: $42,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SIMMONS BANK
  • First Mortgage Transaction Date: Sep 29, 2023
  • First Mortgage Loan Amount: $151,515
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Oct 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: FIRST STATE BANK
  • Previous Mortgage Transaction Date: Jul 13, 2015
  • Previous Mortgage Loan Amount: $36,928
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2025

About Obion



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Frequently Asked Questions

What neighborhood is 5503 Loyce Laster Road located in?
The 5503 Loyce Laster Road is a located in the neighborhood of Obion in Obion, Union City.
What is the average sales price for listings in 5503 Loyce Laster Road?
The average sales price for units in 5503 Loyce Laster Road is $0 currently.

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