NOT LISTED FOR SALE

506 Grimes Rd Drummonds, TN 38023

Estimated Value: $148,386 - $161,000

2 Beds
1.5 Baths
1,000-1,199 Sq Ft
$128/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2018

Last sale price $86,500 $72 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $855 / mo

106 Days on Market

Highlights

  • Wooded Lot
  • Den
  • Accessible Ramps
  • Traditional Architecture
  • Some Wood Windows
  • Partially Carpeted

About This Home

As of September 2018

This charming fixer upper needs a little cosmetic TLC but has lots of potential and sits on 3.59 acres that backs up to Glensprings Lake reserve area. The lot has lots of rd frontage and could possible house two other properties. 2 BR, 1 1/2 BA. Property being sold as-is.

Last Agent to Sell the Property

Pam Chandler-Kelley

Right Way Realty, LLC License #233586 Listed on: 05/09/2018

Right Way Realty, LLC

Last Buyer's Agent

Neal Masters

Crye-Leike, Inc., REALTORS License #304900

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • 3.59 Acre Lot
  • Level Lot
  • Wooded Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,132 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Attic Access Panel
  • Oven or Range

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 2 Parking Spaces
  • Driveway

Accessible Home Design

  • Accessible Ramps

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Heating System Uses Propane
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 083 083 01407

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

3.59 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Glensprings
  • Handicap Design: Ramp
  • List Price Per Sq Ft: 76
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1132
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Vinyl Floor
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven
  • Living Dining Kitchen: Separate Den
  • Misc Interior: Attic Access

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Propane Gas, Wall Unit
  • Water Sewer: Electric Water Heater, Public Water, Septic Tank

Lot Info

  • Lot Description: Some Trees, Level
  • Acreage: 3.59
  • Lot Size: 3.59 Ac

Tax Info

  • Assessor Parcel Number: 083 083 01407

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Sep 28, 2018
Sold by
Miller William R
Bought by
Hall John Mark
Seller's Agent
Pam Chandler-Kelley
Right Way Realty, LLC
Buyer's Agent
Neal Masters
Crye-Leike, Inc., REALTORS
List Price
$86,500
Sold Price
$86,500
Current Estimated Value
$153,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,347
Avg. Annual Appreciation
7.93%
Original Mortgage
$87,373
Outstanding Balance
$75,722
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$78,125

Purchase Details

Closed on
Sep 22, 2014
Sold by
Baertels John
Bought by
Miller William R

Purchase Details

Closed on
Feb 27, 2007
Sold by
Conyers Gilbert M
Bought by
Miller William R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
6.3%

Purchase Details

Closed on
Jun 24, 1991
Bought by
Conyers Gilbert M

Purchase Details

Closed on
Jun 21, 1991
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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Purchase History

Date Buyer Sale Price Title Company
Hall John Mark $86,500 --
Miller William R -- --
Miller William R $82,500 --
Conyers Gilbert M -- --
-- $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall John Mark $87,373
Previous Owner Not Available $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $86,500 0.0% $87 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $86,500 -- $87 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $409 $26,875 $8,600 $18,275
2024 $409 $26,875 $8,600 $18,275
2023 $409 $26,875 $8,600 $18,275
2022 $391 $19,150 $6,325 $12,825
2021 $391 $19,150 $6,325 $12,825
2020 $391 $19,150 $6,325 $12,825
2019 $449 $18,550 $5,875 $12,675
2018 $449 $18,550 $5,875 $12,675
2017 $449 $18,550 $5,875 $12,675
2016 $449 $18,550 $5,875 $12,675
2015 $448 $18,550 $5,875 $12,675
2014 $448 $18,538 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2018

    Neal Masters

    Crye-Leike

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10026723

Memphis Area Association of REALTORS®

APN: 083-014.07

Tennessee Tipton County Drummonds 38023

506 Grimes Rd, Drummonds, TN

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