NOT LISTED FOR SALE

265 Vale Rd Somerville, TN 38068

Estimated Value: $105,000 - $301,000

3 Beds
2 Baths
2,000-2,199 Sq Ft
$91/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $50,000 $23 Per Sq Ft

Est. 301% increase in value since last sale

Current estimated payment $1,082/month

Highlights

  • 2.16 Acre Lot
  • Some Wood Windows
  • Central Heating and Cooling System
  • Traditional Architecture
  • Outdoor Storage
  • Wood Fence

About This Home

As of March 2020

Fixer upper with potential in a good location just outside Oakland City Limits complete with fenced grounds and a workshop. With a little TLC this could be a nice place to call home. Home is in need of substantial repair but does have potential.

Last Agent to Sell the Property

Justin Wilburn

Fayette Realty, LLC License #340816 Listed on: 01/29/2020

Last Buyer's Agent

Justin Wilburn

Fayette Realty, LLC License #340816 Listed on: 01/29/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $215

Year Built

  • Built in 1984

Lot Details

  • 2.16 Acre Lot
  • Wood Fence
  • Few Trees

Parking

  • Workshop in Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,190 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

  • Oakland Acres Subd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 087 087 07400

Home Details

Home Type

Single Family

Est. Annual Taxes

$215

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 653B
  • MAAR Subdivision Name: OAKLAND ACRES
  • List Price Per Sq Ft: 27
  • Number Of Stories: 1
  • Price Per Sq Ft: 22.83
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2190
  • Year Built: 1984
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Storage Building
  • Exterior Windows: Wood/Composition

Garage/Parking

  • Parking Storage: Workshop(s)

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Wood Fenced
  • Lot Number: 10
  • Acreage: 2.16
  • Lot Size: 2.16 ac
  • Price Per Acre: 27778

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 087 087 07400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2021
Sold by
Brown Laura A
Bought by
Brown Laura A and Knight Corban P
Current Estimated Value
$200,738

Purchase Details

Listed on
Jan 29, 2020
Closed on
Mar 27, 2020
Sold by
Trustmark National Bank
Bought by
Brown Laura A
Seller's Agent
Justin Wilburn
Fayette Realty, LLC
Buyer's Agent
Justin Wilburn
Fayette Realty, LLC
List Price
$60,000
Sold Price
$50,000
Premium/Discount to List
-$10,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.46%

Purchase Details

Closed on
Jun 10, 2019
Sold by
Land Shawn L
Bought by
Trustmark National Bank

Purchase Details

Closed on
Apr 22, 2010
Sold by
Cb
Bought by
Land Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,936
Interest Rate
7.5%

Purchase Details

Closed on
Feb 9, 2010
Sold by
Payne Connie
Bought by
Cb

Purchase Details

Closed on
Aug 8, 1997
Sold by
Dean Elbert B
Bought by
John Payne and John Connie

Purchase Details

Closed on
Jul 14, 1997
Bought by
Payne Connie and Payne John Payne

Purchase Details

Closed on
Jan 5, 1976
Bought by
Dean Elbert B

Purchase Details

Closed on
Jan 1, 1976

Purchase Details

Closed on
Jan 4, 1900

Purchase Details

Closed on
Jan 3, 1900

Purchase Details

Closed on
Jan 2, 1900
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
Brown Laura A -- None Available
Brown Laura A $50,000 Fayette County Title Company
Trustmark National Bank $50,795 None Available
Land Shawn $57,500 --
Land Shawn $57,500 --
Cb $50,000 --
Cb & S Bank $50,000 --
John Payne $42,500 --
Payne Connie $82,500 --
Dean Elbert B -- --
-- $5,100 --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Land Shawn $53,936
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2020 03/27/20 Sold $50,000 -16.7% $25 / Sq Ft
01/29/2020 01/29/20 For Sale $60,000 -- $30 / 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 $215 $16,675 $8,450 $8,225
2023 $215 $16,675 $0 $0
2022 $215 $16,675 $8,450 $8,225
2021 $215 $16,675 $8,450 $8,225
2020 $237 $16,675 $8,450 $8,225
2019 $237 $15,725 $8,450 $7,275
2018 $237 $15,725 $8,450 $7,275
2017 $237 $15,725 $8,450 $7,275
2016 $250 $15,600 $8,450 $7,150
2015 $250 $15,600 $8,450 $7,150
2014 $250 $15,600 $8,450 $7,150
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Justin Wilburn

    Fayette Realty, LLC

    (901) 412-6460

    34 in this area

    145 Total Sales

    Justin Wilburn
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10070011

Memphis Area Association of REALTORS®

APN: 087-074.00

Tennessee Fayette County Somerville 38068

265 Vale Rd, Somerville, TN

This home is located at 265 Vale Rd, Somerville, TN 38068 since 29 January 2020 and is currently estimated at $200,738, approximately $91 per square foot. This property was built in 1984. 265 Vale Rd is a home located in Fayette County with nearby schools including Oakland Elementary School, West Junior High School, and Fayette Ware Comprehensive High School.

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