NOT LISTED FOR SALE

56 Lake Forrest Rd Lynchburg, TN 37352

Estimated Value: $337,034 - $421,000

3 Beds
2 Baths
1,276 Sq Ft
$297/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $165,000 $129 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $2,120/month

3 Days on Market

Highlights

  • Deck
  • Cooling Available
  • Central Heating
  • 2 Car Attached Garage
  • Tile Flooring
  • Property has 1 Level

About This Home

As of September 2020

Location! Location! Location! Beautiful move-in ready home with a country flair. Nice LARGE YARD. Minutes from Tim's Ford Lake. Quiet neighborhood with little traffic. Please note, the metal outdoor building does not stay with the house.

Last Agent to Sell the Property

Steve Morton

United Real Estate Middle Tennessee License # 348157 Listed on: 07/15/2020

United Real Estate Middle Tennessee

Last Buyer's Agent

Charlie Gonzales

Southern Middle Realty License #352318

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $730

Year Built

  • Built in 2007

Lot Details

  • 1.11

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,276 Sq Ft Home
  • Property has 1 Level
  • Crawl Space

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Lynchburg Elementary School
  • Moore Co High School - Middle School
  • Moore Co High School - Middle

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Additional Features

  • Deck
  • 1.11 Acre Lot

Community Details

  • Lake Forrest Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 033J A 03500 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$730

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2007
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Tile
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 1276
  • Building Area Units: Square Feet
  • Living Area: 1276
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: No
  • Waterfront: No

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: Private
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time
  • Senior Community: No

Lot Info

  • Lot Size Acres: 1.11
  • Lot Size Units: Acres
  • Parcel #: 033J A 03500 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 730

MLS Schools

  • Elementary School: Lynchburg Elementary
  • High School: Moore Co High School - Middle
  • Middle Or Junior School: Moore Co High School - Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Sep 4, 2020
Sold by
Morton David Shane and Morton Virginia L
Bought by
Karcher Kelby Gene and Karcher Mara
Seller's Agent
Steve Morton
United Real Estate Middle Tennessee
Buyer's Agent
Charlie Gonzales
Southern Middle Realty
List Price
$165,000
Sold Price
$165,000
Current Estimated Value
$379,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,259
Avg. Annual Appreciation
16.24%
Original Mortgage
$166,666
Outstanding Balance
$149,574
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$201,045

Purchase Details

Closed on
May 21, 2019
Sold by
Tyree Hunter L and Smith Lauren N
Bought by
Morton David Shane and Morton Virginia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,758
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2017
Sold by
Hobbs Lacey Elisabeth
Bought by
Tyree Hunter L and Smith Lauren N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2010
Sold by
Smith William Patrick
Bought by
Hobbs Lacey Elisabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2007
Bought by
Smith William Patrick and Christy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2003
Bought by
Womack Thomas Dale
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
Karcher Kelby Gene $165,000 Cornerstone Title Company
Morton David Shane $135,000 Cornerstone Title Of Tn Llc
Tyree Hunter L $120,000 Access Title
Hobbs Lacey Elisabeth $115,000 --
Smith William Patrick $113,500 --
Womack Thomas Dale $28,000 --
Hobbs Lacey Elisabeth $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karcher Kelby Gene $166,666
Previous Owner Morton David Shane $120,642
Previous Owner Morton David Shane $116,758
Previous Owner Tyree Hunter L $96,000
Previous Owner Hobbs Lacey Elisabeth $103,500
Previous Owner Smith William Patrick $116,662
Previous Owner Smith William Patrick $88,000
Previous Owner Smith William Patrick $22,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold $165,000 0.0% $129 / Sq Ft
07/18/2020 07/18/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $165,000 -- $129 / 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 $1,185 $75,750 $21,250 $54,500
2023 $899 $37,150 $4,500 $32,650
2022 $867 $37,150 $4,500 $32,650
2021 $853 $37,150 $4,500 $32,650
2020 $730 $30,675 $3,675 $27,000
2019 $730 $30,675 $3,675 $27,000
2018 $693 $30,675 $3,675 $27,000
2017 $692 $26,125 $3,675 $22,450
2016 $692 $26,125 $3,675 $22,450
2015 $635 $26,125 $3,675 $22,450
2014 $635 $26,125 $3,675 $22,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2170080

Realtracs

APN: 033J-A-035.00