NOT LISTED FOR SALE

1261 Tate Rd Drummonds, TN 38023

Estimated Value: $220,000 - $302,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$162/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $120,000 $75 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,430/month

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Tile Flooring
  • Den with Fireplace
  • Porch
  • Central Heating and Cooling System

About This Home

As of May 2017

This home is located at 1261 Tate Rd, Drummonds, TN 38023 since 07 April 2017 and is currently estimated at $259,520, approximately $185 per square foot. This property was built in 1986. 1261 Tate Rd is a home located in Tipton County with nearby schools including Drummonds Elementary School, Munford Middle School, and Munford High School.

Last Agent to Sell the Property

Julie Weber

Real Estate Mart of TN, Inc. License #294221 Listed on: 04/07/2017

Co-Listed By

Ronnie Oliver

Real Estate Mart of TN, Inc. License #215691

Last Buyer's Agent

Julie Weber

Real Estate Mart of TN, Inc. License #294221 Listed on: 04/07/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $701

Year Built

  • Built in 1986

Lot Details

  • 2.68 Acre Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,591 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den with Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 094 094 05308

Home Details

Home Type

Single Family

Est. Annual Taxes

$701

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 621A
  • List Price Per Sq Ft: 75
  • Number Of Stories: 1
  • Price Per Sq Ft: 75.42
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1591
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: In Den/Great Room
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher
  • Living Dining Kitchen: Separate Den
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Septic Tank

Lot Info

  • Lot Description: Some Trees
  • Acreage: 2.68
  • Lot Size: 2.68
  • Price Per Acre: 44776

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 094 094 05308

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2017
Closed on
May 12, 2017
Sold by
Stubblefield Walter Wayne
Bought by
Merritt Belinda
Seller's Agent
Julie Weber
Real Estate Mart of TN, Inc.
Buyer's Agent
Julie Weber
Real Estate Mart of TN, Inc.
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$259,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,520
Avg. Annual Appreciation
9.56%
Original Mortgage
$121,212
Outstanding Balance
$100,747
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$158,773

Purchase Details

Listed on
Dec 16, 2015
Closed on
Feb 11, 2016
Sold by
Secretary Of Veterans Affairs
Bought by
Stubblefield Walter Wayne
Seller's Agent
Randy Lankford
Lankford Realty Co.
Buyer's Agent
Ronnie Oliver
Real Estate Mart of TN, Inc.
List Price
$39,900
Sold Price
$46,200
Premium/Discount to List
$6,300
15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
115.93%

Purchase Details

Listed on
Dec 16, 2015
Closed on
Jan 12, 2016
Sold by
Freedom Mtg Corp
Bought by
Secretary Of Veterans Affairs
Seller's Agent
Randy Lankford
Lankford Realty Co.
Buyer's Agent
Ronnie Oliver
Real Estate Mart of TN, Inc.
List Price
$39,900
Sold Price
$46,200
Premium/Discount to List
$6,300
15.79%

Purchase Details

Closed on
Oct 29, 2015
Sold by
Tierney Daniel M
Bought by
Freedom Mtg Corp and C/O Ocwen Loan Servicing Llc

Purchase Details

Closed on
Jun 24, 1993
Bought by
Tierney Daniel M

Purchase Details

Closed on
May 16, 1987
Bought by
Bomar Thomas Lewis and Vickie Lynn
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Merritt Belinda $120,000 --
Stubblefield Walter Wayne $46,200 --
Secretary Of Veterans Affairs -- --
Freedom Mtg Corp $57,834 --
Tierney Daniel M $85,000 --
Bomar Thomas Lewis $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merritt Belinda $121,212
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2017 05/12/17 Sold $120,000 0.0% $86 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $120,000 +159.7% $86 / Sq Ft
02/16/2016 02/16/16 Sold $46,200 +15.8% $33 / Sq Ft View Prior Sale
12/22/2015 12/22/15 Pending -- -- --
12/16/2015 12/16/15 For Sale $39,900 -- $29 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $701 $46,050 $9,475 $36,575
2023 $701 $46,050 $9,475 $36,575
2022 $660 $32,375 $6,950 $25,425
2021 $660 $32,375 $6,950 $25,425
2020 $660 $32,375 $6,950 $25,425
2019 $614 $25,375 $5,975 $19,400
2018 $614 $25,375 $5,975 $19,400
2017 $556 $25,375 $5,975 $19,400
2016 $556 $22,975 $5,975 $17,000
2015 $555 $22,975 $5,975 $17,000
2014 $555 $22,981 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Julie Weber

    Real Estate Mart of TN, Inc.

    (901) 485-4700

    37 Total Sales

    Julie Weber
    Section Image
  • Ronnie Oliver

    Seller Co-Listing Agent in 2017

    Ronnie Oliver

    Real Estate Mart of TN, Inc.

    (901) 331-9668

    52 Total Sales

    Ronnie Oliver
    Section Image
  • Randy Lankford

    Seller's Agent in 2016

    Randy Lankford

    Lankford Realty Co.

    (731) 635-5511

    190 Total Sales

    Randy Lankford
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9999783

Memphis Area Association of REALTORS®

APN: 094-053.08

Tennessee Tipton County Drummonds 38023

1261 Tate Rd, Drummonds, TN

This home is located at 1261 Tate Rd, Drummonds, TN 38023 since 07 April 2017 and is currently estimated at $259,520, approximately $162 per square foot. This property was built in 1986. 1261 Tate Rd is a home located in Tipton County with nearby schools including Drummonds Elementary School, Munford Middle School, and Munford High School.

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