NOT LISTED FOR SALE

118 Lake Terrace Dr Hendersonville, TN 37075

Estimated Value: $669,000 - $937,327

4 Beds
3 Baths
1,980 Sq Ft
$425/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $900,000 $455 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,807/month

12 Days on Market

Highlights

  • Lake Front
  • Docks
  • Separate Formal Living Room
  • Indian Lake Elementary School Rated A-
  • 0.65 Acre Lot
  • Great Room

About This Home

As of June 2024

Escape to your serene lakeside oasis! Situated on a lush one-acre lot, this charming lake house offers modern comfort and tranquility. Enjoy a split-level floorplan with open living spaces, a newly renovated kitchen, and cozy fireplace. Step outside to a screened in patio overlooking a park-like setting. Bring your boat because you have your own boat slip in the community dock on Old Hickory Lake for endless water recreation. Experience the perfect blend of relaxation and adventure in this inviting retreat. Come on HOME! There is a dock association of $360/year which covers the dock permit, dock maintenance, mowing of common area, and utilities at the dock.

Last Agent to Sell the Property

Sonja Kelly

Benchmark Realty, LLC Brokerage Phone: 6154408290 License #345621 Listed on: 05/15/2024

Benchmark Realty, LLC

Last Buyer's Agent

Ashley Burns

Onward Real Estate License #356311

Onward Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,560

Year Built

  • Built in 1963

Lot Details

  • 0.65 Acre Lot
  • Lake Front
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,980 Sq Ft Home
  • 2-Story Property
  • Great Room
  • Separate Formal Living Room
  • Den with Fireplace
  • Lake Views
  • Crawl Space

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Docks
  • Covered Patio or Porch

Schools

  • Indian Lake Elementary School
  • Robert E Ellis Middle School
  • Hendersonville High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • Cherokee Woods Sec Subdivision

Listing and Financial Details

  • Assessor Parcel Number 169C B 00900 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,560

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Split Level
  • Year Built: 1963
  • Unit Levels: Multi/Split
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 6154408290
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave
  • Fireplace Features: Den
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Other
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 3
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 1980
  • Building Area Units: Square Feet
  • Living Area: 1980
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Dock
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered Patio, Screened Patio
  • Pool Private: No
  • Roof: Asphalt
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached - Front
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.65
  • Lot Size: 130 X 258.3 IRR
  • Lot Size Units: Acres
  • Parcel #: 169C B 00900 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 4560

MLS Schools

  • Elementary School: Indian Lake Elementary
  • High School: Hendersonville High School
  • Middle Or Junior School: Robert E Ellis Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 26, 2024
Sold by
Vary Virgina C and Beck Amanda A
Bought by
Lopez Ryan and Lopez Sarah
Seller's Agent
Sonja Kelly
Benchmark Realty, LLC
Buyer's Agent
Ashley Burns
Onward Real Estate
List Price
$965,000
Sold Price
$900,000
Premium/Discount to List
-$65,000
-6.74%
Views
28
Current Estimated Value
$841,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,668
Avg. Annual Appreciation
-0.40%
Original Mortgage
$720,000
Outstanding Balance
$714,584
Interest Rate
7.02%
Mortgage Type
Credit Line Revolving
Estimated Equity
$181,191

Purchase Details

Listed on
Aug 5, 2023
Closed on
Oct 31, 2023
Sold by
Wade Glenn V
Bought by
Beck Amanda A and Vary Virginia C
Seller's Agent
Janet Rambo
Reliant Realty ERA Powered
Buyer's Agent
Jack Gaughan
RE/MAX Choice Properties
List Price
$874,900
Sold Price
$820,000
Premium/Discount to List
-$54,900
-6.28%
Views
448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.40%

Purchase Details

Closed on
Jan 26, 2016
Sold by
Wade Sara J
Bought by
Wade Glenn V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2013
Closed on
Apr 7, 2014
Sold by
Magnolia Tree Investments Inc
Bought by
Wade Glenn V and Wade Sara J
Seller's Agent
Kari Powell
Black Book Real Estate
Buyer's Agent
Bryan Miller
Caudill Properties
List Price
$87,300
Sold Price
$359,900
Premium/Discount to List
$272,600
312.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$323,910
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2013
Sold by
Linerode-Henson Darla and Davis Susan Diane
Bought by
Magnolia Tree Investments Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Ryan $900,000 Bell & Alexander Title Service
Beck Amanda A $820,000 None Listed On Document
Wade Glenn V -- Hallmark Title Company
Wade Glenn V $359,900 Hallmark Title Co
Magnolia Tree Investments Inc $270,000 Hallmark Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Ryan $720,000
Previous Owner Wade Glenn V $420,000
Previous Owner Wade Glenn V $292,000
Previous Owner Wade Glenn V $320,000
Previous Owner Wade Glenn V $323,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $900,000 -6.7% $455 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $965,000 +17.7% $487 / Sq Ft
10/31/2023 10/31/23 Sold $820,000 -3.5% $414 / Sq Ft
10/01/2023 10/01/23 Pending -- -- --
09/13/2023 09/13/23 Price Changed $849,900 -2.3% $429 / Sq Ft
08/25/2023 08/25/23 Price Changed $869,900 -0.6% $439 / Sq Ft
08/05/2023 08/05/23 For Sale $874,900 +143.1% $442 / Sq Ft
07/10/2016 07/10/16 Off Market $359,900 -- --
03/17/2016 03/17/16 For Sale $87,300 -75.7% $44 / Sq Ft
04/07/2014 04/07/14 Sold $359,900 -- $182 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,678 $188,425 $100,000 $88,425
2023 $4,632 $143,825 $97,025 $46,800
2022 $4,646 $143,825 $97,025 $46,800
2021 $4,646 $143,825 $97,025 $46,800
2020 $4,646 $143,825 $97,025 $46,800
2019 $4,646 $0 $0 $0
2018 $2,876 $0 $0 $0
2017 $2,791 $0 $0 $0
2016 $2,791 $0 $0 $0
2015 $2,996 $0 $0 $0
2014 $2,348 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2651030

Realtracs

APN: 169C-B-009.00