Courtesy of Compass RE.
Property Description
Introducing Groundly: the new way to buy a home by separating the home from the land it sits on through a modern ground lease, reducing the upfront cost. Groundly customers can save up to 30% on their down payment and 7% on their initial monthly payment. Groundly purchases the land underneath your home and leases it back to you at a low monthly rate, less than the cost of a similar mortgage, so that you only need a mortgage on the home itself. Welcoming, comfortable home in a lovely neighborhood in fast-growing Mt. Juliet. Community Features Include a Playground, Community Pool, Sidewalks, Walking Trail, & Underground Utilities. Natural Gas Fireplace, primary bedroom downstairs, bonus room upstairs, new main floor HVAC and new water heater. * This home is offered on a ground lease with initial monthly ground rent to be $664 per month. Market value of the home is $546,000.
Property Details and Features
- Listing
- Days on Market: 40
- Listing Price: 385000
- Status: Active
- Home Owner’s Association
- Other Fee: 250
- Dues Frequency: Quarterly
- Other Dues Frequency: One Time
- Fee: 170
- Appliances & Equipment
- Description: “Dishwasher”, “Disposal”, “Microwave”, “Refrigerator”
- Basement
- Description: “Crawl Space”
- Bathrooms
- Full Bathrooms: 2
- Half Bathrooms: 1
- Bedrooms
- Total Bathrooms: 3
- Main Level Bedrooms: 1
- Building
- Finished Area Above Grade: 2406
- Area: 2406
- Building Area: 2406
- Construction Materials: “Fiber Cement”, “Brick”
- Levels: “Two”
- Stories: 2
- Year Built: 2009
- Year Built Details: EXIST
- Effective Year built: 2009
- Cooling
- Details: “Central Air”, “Electric”
- Exterior Features
- Patio Features: “Patio”
- Fireplaces
- Total Fireplaces: 1
- Floors
- Flooring: “Carpet”, “Laminate”, “Tile”
- Garage
- Garage Spaces: 2
- Heating
- Heating: “Central”, “Electric”
- Location
- Address: 331 Midtown Trl
- City: Mount Juliet
- State: TN
- Zip: 37122
- County: Wilson County, TN
- Subdivision: Silver Springs Ph 1 Sec 1
- Directions: From I-40 E towards Mt. Juliet. take Exit 226 B, Follow TN-171 N/S Mt. Juliet Rd. L, Right on Lebanon Rd., Left on Benders Ferry Rd., Right on Karen Dr. , Right on Midtown Trl. Your New Home will be on the Left.
- Lot
- Acres: 0.16
- Size: 0.16
- Dimensions: 60 X 126.11 IRR
- Size Source: Calculated from Plat
- Size Units: Acres
- Parking
- Covered Spaces: 2
- Parking Total: 2
- Schools
- Elementary: West Elementary
- Middle/Junior High: West Wilson Middle School
- High School: Mt. Juliet High School
- Utilities
- Sewer: “Public Sewer”
- Water Source: “Public”
- Utilities: “Electricity Available”, “Water Available”
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