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8475 Lakemor Drive

8475 Lakemor Drive, Olive Branch, MS 38654
Property in DeSoto
Sold Nov 23, 2020
$420,000
$336,000 by Bancorpsouth Bank
Mortgage Due Dec 01, 2035
8475 Lakemor Drive has been categorized by the local assessors in Olive Branch, MS as a residential type of property. The building on the property was first built in 2005 and is 19 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8475 Lakemor Drive has 3,866 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,070 ft and across the front of the lot is 2,380 ft. The area measurement of the land has been determined as 38,115 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 patio. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The roof of the building is made of shingle (not wood). The exterior walls of the building are made of brick veneer. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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, 8475 Lakemor Drive sold most recently in Nov 13, 2020 for a total of $420,000. If you work out the math, that's approximately a cost of $108.64 per sqft. 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 $3,773 in taxes each year. 8475 Lakemor Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $29,842. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 8
  • Bedroom Count: 4
  • Building Condition: Good
  • Construction Type: Brick
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 38,115
  • Lot Size Depth Feet: 2,070
  • Lot Size Frontage Feet: 2,380
  • Total Building Area: 3,866
  • Building Area: 3,866
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,866
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELMOR LAKES SEC D
  • Land Acres: 0.875
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: BELMOR LAKES SEC D LOT 186

Ownership

  • Current Owner : DYCUS GABRIELLE
  • Previous Owner : MARTIN MARTY J
  • Previous Owner 2: MARTIN KIMBERLY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: DeSoto County School District
  • Census Tract: 070722

Zoning

  • Zoning: R-40 OVERL

Geography

  • Section: D
  • Parcel: 2-06-5-16-08-0-00186-00
  • Lot: 186
  • Meridian: SEC 16 TWN 02 RNG 006
  • Latitude: 34.9127
  • Longitude: -89.8395

    Address

  • Full Address: 8475 Lakemor Dr
  • Address - House Number: 8475
  • Address - Street Name: Lakemor
  • Address - Suffix Type: Dr
  • State: MS
  • City Name: Olive Branch
  • Carrier Code: R013
  • 4-Digit Zip Code: 6342
  • Zip Code: 38654

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,773

    Appraisal Valuation

  • Standard Deviation: 0.1742
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 77
  • Final Value: 537,131
  • High Value: 630,718
  • Low Value: 443,543

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $336,000
  • First Open Lien Mortgage Lender: BANCORPSOUTH BANK
  • First Open Lien Mortgage Recording Date: Nov 23, 2020
  • First Open Lien Mortgage Loan Amount: $336,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2035

    Market Valuation

  • Market Total Value: $298,419
  • Market Land Value: $50,000
  • Market Improvement Value: $248,419

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,842

    Sales

  • Current Sale Contract Date: Nov 13, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Transaction ID: 11804470167
  • Current Sale Price: $420,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORPSOUTH BANK
  • First Mortgage Transaction Date: Nov 23, 2020
  • First Mortgage Loan Amount: $336,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2035

About DeSoto



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Frequently Asked Questions

What neighborhood is 8475 Lakemor Drive located in?
The 8475 Lakemor Drive is a located in the neighborhood of DeSoto in DeSoto, Olive Branch.
What is the average sales price for listings in 8475 Lakemor Drive?
The average sales price for units in 8475 Lakemor Drive is $0 currently.

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