$250,000
SOLD FEB 11, 2025

1240 Burks Loop Grimsley, TN 38565

3 Beds
2 Baths
1,488 Sq Ft
2.7 Acres

Recently Sold

$168 Per Sq Ft

17% Below List Price

66 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Attached Garage
  • Level Lot
  • No HOA
  • Central Heating and Cooling System
  • Property has 1 Level

About This Home

As of February 2025

Beautiful Country Setting! This home has 3 bedrooms, 2 baths with attached garage sitting on 2.70 acres of land with several outbuildings, fenced, and circle drive. The home has open floor plan, kitchen with all new appliances, bedroom with master bath that has walk-in shower. The home has a extra room for an office space, bedroom, or playroom. The property has gas water heater, new gas HVAC, and covered porch to enjoy the view. Call today.

Last Agent to Sell the Property

Lisa Garrett

Mitchell Real Estate & Auction LLC Brokerage Phone: 9318799149 License #304417 Listed on: 11/07/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $487

Year Built

  • Built in 1977

Lot Details

  • 2.7 Acre Lot
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Traditional Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,488 Sq Ft Home
  • Property has 1 Level
  • Laminate Flooring
  • Crawl Space
  • Washer and Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • South Fentress Elementary School
  • Clarkrange High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 128 13602 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$487

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1977
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Primary Bedroom Main Floor
  • Appliances: Dishwasher, Microwave, Refrigerator, Oven
  • Fireplace: No
  • Flooring: Laminate
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 1488
  • Building Area Units: Square Feet
  • Living Area: 1488
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 2.7
  • Lot Size: 2.70 acres
  • Lot Size Units: Acres
  • Parcel #: 128 13602 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 487

MLS Schools

  • Elementary School: South Fentress Elementary School
  • High School: Clarkrange High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2024
Closed on
Feb 11, 2025
Sold by
Woodson Washington Clint
Bought by
Seel Jacob
Seller's Agent
Lisa Garrett
Mitchell Real Estate & Auction LLC
List Price
$299,900
Sold Price
$250,000
Premium/Discount to List
-$49,900
-16.64%
Views
33
Current Estimated Value
$255,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,000
Avg. Annual Appreciation
2.44%
Original Mortgage
$245,471
Outstanding Balance
$243,806
Interest Rate
6.93%
Mortgage Type
FHA
Estimated Equity
$11,194

Purchase Details

Closed on
Dec 4, 2023
Sold by
Drieslein Stephen M
Bought by
Woodson Washington Clint

Purchase Details

Closed on
Dec 22, 2000
Bought by
Drieslein Stephen M

Purchase Details

Closed on
Aug 20, 1996
Bought by
Ripley Paul S & Tina R % Trans Financial Mort
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Type Sale Price Title Company
Warranty Deed $250,000 Cedar City Title
Warranty Deed $250,000 Cedar City Title
Warranty Deed $60,000 None Listed On Document
Warranty Deed $60,000 None Listed On Document
Warranty Deed $57,500 --
Warranty Deed $43,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $245,471 FHA
Closed $245,471 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2025 02/11/25 Sold $250,000 -16.6% $168 / Sq Ft
01/12/2025 01/12/25 Pending -- -- --
11/07/2024 11/07/24 For Sale $299,900 -- $202 / 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
2025 $481 $35,650 $0 $0
2024 $481 $35,650 $7,325 $28,325
2023 $487 $36,075 $7,750 $28,325
2022 $349 $18,250 $4,975 $13,275
2021 $349 $18,250 $4,975 $13,275
2020 $349 $18,250 $4,975 $13,275
2019 $349 $18,250 $4,975 $13,275
2018 $349 $18,250 $4,975 $13,275
2017 $338 $17,050 $4,700 $12,350
2016 $338 $17,050 $4,700 $12,350
2015 $338 $17,053 $0 $0
2014 $338 $17,053 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2826201

Realtracs

APN: 128-136.02