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8708 Terrace Falls Drive

8708 Terrace Falls Drive, Soddy Daisy, TN 37379
House in Montlake
Sold Jul 23, 2020
$457,500
$307,500 by Cogent Bank
Mortgage Due Aug 01, 2035
Sold Sep 08, 2016
$65,000
8708 Terrace Falls Drive has been categorized by the local assessors in Soddy Daisy, TN as a residential type of property. The building on the property was first built in 2017 and is 7 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8708 Terrace Falls Drive has 1,854 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 5,070 ft and across the front of the lot is 3,288 ft. The area measurement of the land has been determined as 135,036 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. Love to swim? You'll be excited to find out that there is a pool on the property. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of wood. In terms of heating, it is utilizing a central heating 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, 8708 Terrace Falls Drive sold most recently in Jul 23, 2020 for a total of $457,500. If you work out the math, that's approximately a cost of $246.76 per sqft. Before that, the property was also sold for $65,000 in Sep 6, 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 $2,705 in taxes each year. 8708 Terrace Falls Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $120,900. 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

Parking

Carport
Attached Garage
Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 135,036
  • Lot Size Depth Feet: 5,070
  • Lot Size Frontage Feet: 3,288
  • Total Building Area: 1,854
  • Building Area: 1,854
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,854
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MONTLAKE
  • Land Acres: 3.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 67 MONTLAKE PROPERTIES SUB UNIT 2 PB34 PG100 OUT OF 65-4.2

Ownership

  • Current Owner : MARSHALL BRAD
  • Current Owner 2: MARSHALL TERESA
  • Previous Owner : WILSON GREG
  • Owner Before Previous Owner: ROBERT A BURKICH MONTLAKE VALLEY LAND TR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 010308

Geography

  • Assessors Map Reference: MB 34 PG 100
  • Account Number: 0000008408
  • District: 3
  • Parcel: 065F B 050
  • Lot: 67
  • Municipality: COUNTY NORTH
  • Latitude: 35.2368
  • Longitude: -85.2204

    Address

  • Full Address: 8708 Terrace Falls Dr
  • Address - House Number: 8708
  • Address - Street Name: Terrace Falls
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Soddy Daisy
  • Carrier Code: R013
  • 4-Digit Zip Code: 4544
  • Zip Code: 37379

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,705

    Appraisal Valuation

  • Standard Deviation: 0.2085
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 665,419
  • High Value: 804,205
  • Low Value: 526,634

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $407,500
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: Jul 23, 2020
  • First Open Lien Mortgage Loan Amount: $307,500
  • 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: Aug 01, 2035
  • Second Open Lien Mortgage Lender: PINNACLE BANK
  • Second Open Lien Mortgage Recording Date: Dec 21, 2022
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 02, 2042

    Market Valuation

  • Market Total Value: $483,600
  • Market Land Value: $108,700
  • Market Improvement Value: $374,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $120,900

    Sales

  • Current Sale Contract Date: Jul 23, 2020
  • Current Sale Recording Date: Jul 23, 2020
  • Current Sale Transaction ID: 11775936935
  • Current Sale Price: $457,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020072300250
  • Previous Sale Recording Date: Sep 08, 2016
  • Previous Sale Contract Date: Sep 06, 2016
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: Jul 23, 2020
  • First Mortgage Loan Amount: $307,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2035

About Soddy Daisy



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Nearby Rentals

Unit for rent at

$3,200 /mo

  • 2 Beds
  • 2 Baths
Listing by Ron Francis

Frequently Asked Questions

What neighborhood is 8708 Terrace Falls Drive located in?
The 8708 Terrace Falls Drive is a house located in the neighborhood of Montlake in Soddy Daisy, Soddy Daisy.
What is the average sales price for listings in 8708 Terrace Falls Drive?
The average sales price for units in 8708 Terrace Falls Drive is $477,500 , or $171/sqft. currently.

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