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705 Mimosa Drive

705 Mimosa Drive, Cleveland, TN 37312
Property in Bradley
Sold Oct 31, 2023
$340,000
$297,110 by Rocket Mortgage Llc
Mortgage Due Nov 01, 2053
Sold Oct 25, 2012
$150,000
$154,950 by Bank Of Cleveland
Mortgage
Local assessors in Cleveland, TN have categorized 705 Mimosa Drive as a residential type of property. The home was built in 1964 and is 60 years old. It was most recently renovated and altered in 1997. The property's lot size has been calculated to be 43,560 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 1,500 ft. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 705 Mimosa Drive has a total of 1,884 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 750 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of paneling. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Oct 30, 2023 for $340,000. That's $129.08 per sqft. Prior to that sales transaction, the property was also sold in Oct 23, 2012 for $150,000. 705 Mimosa Drive was last assessed in 2022. The total value of the property was assessed at $60,450. Specifically, the land the property is located on was valued at $7,025. While improvements on the property were assessed at a total of $53,425. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,906. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 750
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,634
  • Gross Building Area: 2,934
  • Building Area: 1,884
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,884
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BURLINGTON HGT SEC 5
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BURLINGTON HGT SEC 5 PB: 0003 PG: 0060 LOT: 80

Ownership

  • Current Owner : CLARK MICHAEL T
  • Current Owner 2: CLARK AMY
  • Previous Owner : LEWIS WILLIAM T
  • Owner Before Previous Owner: WELLS MARK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Cleveland City School District
  • School Tax School District: 06138
  • Census Tract: 010100

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 042A
  • Account Number: 16005
  • District: 03
  • Section: 60
  • Parcel: 042A-B-009.00
  • Lot: 80
  • Municipality: CLEVELAND
  • Latitude: 35.2025
  • Longitude: -84.8592

    Address

  • Full Address: 705 Mimosa Dr Nw
  • Address - House Number: 705
  • Street Segment Direction: NW
  • Address - Street Name: Mimosa
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Cleveland
  • Carrier Code: C039
  • 4-Digit Zip Code: 3941
  • Zip Code: 37312

Valuation

    Tax

  • Total Area: 1,884
  • Tax Year: 2022
  • Tax Amount: $1,906
  • Tax Rate Code Area: 06A02

    Appraisal Valuation

  • Standard Deviation: 0.2683
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 61
  • Final Value: 342,732
  • High Value: 434,703
  • Low Value: 250,762

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $297,110
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 31, 2023
  • First Open Lien Mortgage Loan Amount: $297,110
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2053

    Market Valuation

  • Market Total Value: $241,800
  • Market Land Value: $28,100
  • Market Improvement Value: $213,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,450
  • Assessed Land Value: $7,025
  • Assessed Improvements Value: $53,425

    Sales

  • Current Sale Contract Date: Oct 30, 2023
  • Current Sale Recording Date: Oct 31, 2023
  • Current Sale Transaction ID: 11915321528
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12771
  • Previous Sale Recording Date: Oct 25, 2012
  • Previous Sale Contract Date: Oct 23, 2012
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 31, 2023
  • First Mortgage Loan Amount: $297,110
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF CLEVELAND
  • Previous Mortgage Transaction Date: Oct 25, 2012
  • Previous Mortgage Loan Amount: $154,950
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Cleveland



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Frequently Asked Questions

What neighborhood is 705 Mimosa Drive located in?
The 705 Mimosa Drive is a located in the neighborhood of Bradley in Cleveland, Cleveland.
What is the average sales price for listings in 705 Mimosa Drive?
The average sales price for units in 705 Mimosa Drive is $0 currently.

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