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5938 Colchester Drive

5938 Colchester Drive, Hermitage, TN 37076
Sold Jan 09, 2020
$235,000
$230,743 by Gardner Financial Services Ltd
Mortgage Due Feb 01, 2050
Sold Jul 22, 2016
$195,000
Local assessors in Hermitage, TN have categorized 5938 Colchester Drive as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 5,663 square feet. The linear feet between the front and back of the lot was measured at 1,190 ft and the front of the lot was measured at 250 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5938 Colchester Drive has a total of 1,668 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. 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. Residents rely on central air conditioning for their cooling system. The home's a central 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. 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, 5938 Colchester Drive sold most recently in Jan 8, 2019 for a total of $235,000. If you work out the math, that's approximately a cost of $140.89 per sqft. Before that, the property was also sold for $195,000 in Jul 18, 2016. 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 $1,793 in taxes each year. 5938 Colchester Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $61,375. If we break it down further, the land itself was valued at $12,250. Improvements to the property, however, were assessed at a total of $49,125. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,668
  • Gross Building Area: 1,862
  • Building Area: 1,668
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,668
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FARMINGHAM WOODS
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 88 RESUB LTS 88 & 89 FARMINGHAM WOODS PH 2 SEC 1

Ownership

  • Current Owner : BURTON ASBANTI
  • Previous Owner : BONVEICCHIATO JOSEPH
  • Previous Owner 2: KULALA MEHRET
  • Owner Before Previous Owner: ROSS KRISTINA
  • Owner Before Previous Owner 2: ROSS JASON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Her Husband

Neighborhood

  • School District Name: Nashville-Davidson County School District
  • Census Tract: 015622

Zoning

  • Zoning: RS15

Geography

  • Section: 1
  • Subdivision Phase Number: 2
  • Parcel: 087-05-0A-062-00
  • Lot: 88-89
  • Municipality: 74-GSD
  • Latitude: 36.1825
  • Longitude: -86.5877

    Address

  • Full Address: 5938 Colchester Dr
  • Address - House Number: 5938
  • Address - Street Name: Colchester
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Hermitage
  • Carrier Code: R005
  • 4-Digit Zip Code: 4406
  • Zip Code: 37076

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,793
  • Tax Rate Code Area: GSD

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 395,171
  • High Value: 488,258
  • Low Value: 302,084

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $242,493
  • First Open Lien Mortgage Lender: GARDNER FINANCIAL SERVICES LTD
  • First Open Lien Mortgage Recording Date: Jan 09, 2020
  • First Open Lien Mortgage Loan Amount: $230,743
  • 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: Feb 01, 2050
  • Second Open Lien Mortgage Lender: TENNESSEE HOUSING DEVELOPMENT
  • Second Open Lien Mortgage Recording Date: Jan 09, 2020
  • Second Open Lien Mortgage Loan Amount: $11,750
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Jan 09, 2050

    Market Valuation

  • Market Total Value: $245,500
  • Market Land Value: $49,000
  • Market Improvement Value: $196,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,375
  • Assessed Land Value: $12,250
  • Assessed Improvements Value: $49,125

    Sales

  • Current Sale Contract Date: Jan 08, 2019
  • Current Sale Recording Date: Jan 09, 2020
  • Current Sale Transaction ID: 11714138652
  • Current Sale Price: $235,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200109-0003120
  • Previous Sale Recording Date: Jul 22, 2016
  • Previous Sale Contract Date: Jul 18, 2016
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GARDNER FINANCIAL SERVICES LTD
  • First Mortgage Transaction Date: Jan 09, 2020
  • First Mortgage Loan Amount: $230,743
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2050

    Previous Mortgages

  • Previous Mortgage Loan Type: FHA

About Farmingham Woods



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Frequently Asked Questions

What neighborhood is 5938 Colchester Drive located in?
The 5938 Colchester Drive is a house located in the neighborhood of Farmingham Woods in Farmingham Woods, Hermitage.
What is the average sales price for listings in 5938 Colchester Drive?
The average sales price for units in 5938 Colchester Drive is $0 currently.

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