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1060 Melbury Road

1060 Melbury Road, Collierville, TN 38017
House in Shelby
Sold May 23, 2021
$515,000
$617,000 by Bank Of Tennessee
Mortgage Due Jun 01, 2051
Sold Jun 07, 2005
$340,000
$235,000 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2035
1060 Melbury Road in Collierville, TN was first built in 1997 and is 27 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1060 Melbury Road has 4,769 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 15,000 square feet.

Learn more about the property and building on this page. There is a unknown and a patio. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 543 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1060 Melbury Road sold most recently in May 13, 2021 for a total of $515,000. If you work out the math, that's approximately a cost of $96.95 per sqft. Before that, the property was also sold for $340,000 in May 31, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,361 in taxes each year. 1060 Melbury Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $102,500. If we break it down further, the land itself was valued at $19,550. Improvements to the property, however, were assessed at a total of $82,950. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Colonial
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 543
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,312
  • Gross Building Area: 5,312
  • Building Area: 4,769
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,769
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WELLINGTON FARMS 1ST ADDN PHASE 6
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS MELBURY RD

Ownership

  • Current Owner : HALL JEFFREY FRANK
  • Current Owner 2: HALL AMY HAUN
  • Previous Owner : EWING DUANE C
  • Previous Owner 2: EWING BETH P
  • Owner Before Previous Owner: SMITH JIM A
  • Owner Before Previous Owner 2: SMITH GLADYS A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Collierville School District
  • Census Tract: 021541

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MB 162-52
  • District: C
  • Parcel: C0-233M-H0-0048
  • Lot: 320
  • Municipality: COLLIERVILLE
  • Latitude: 35.0824
  • Longitude: -89.6969

    Address

  • Full Address: 1060 Melbury Rd
  • Address - House Number: 1060
  • Address - Street Name: Melbury
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Collierville
  • Carrier Code: R017
  • 4-Digit Zip Code: 3287
  • Zip Code: 38017

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,361

    Appraisal Valuation

  • Standard Deviation: 0.2281
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 598,207
  • High Value: 734,686
  • Low Value: 461,728

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $667,000
  • First Open Lien Mortgage Lender: BANK OF TENNESSEE
  • First Open Lien Mortgage Recording Date: May 23, 2021
  • First Open Lien Mortgage Loan Amount: $617,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051
  • Second Open Lien Mortgage Lender: BANK OF BARTLETT
  • Second Open Lien Mortgage Recording Date: Sep 28, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $410,000
  • Market Land Value: $78,200
  • Market Improvement Value: $331,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,500
  • Assessed Land Value: $19,550
  • Assessed Improvements Value: $82,950

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: May 23, 2021
  • Current Sale Transaction ID: 11835700310
  • Current Sale Price: $515,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21062282
  • Previous Sale Recording Date: Jun 07, 2005
  • Previous Sale Contract Date: May 31, 2005
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF TENNESSEE
  • First Mortgage Transaction Date: May 23, 2021
  • First Mortgage Loan Amount: $617,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jun 07, 2005
  • Previous Mortgage Loan Amount: $235,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2035

About Collierville



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Frequently Asked Questions

What neighborhood is 1060 Melbury Road located in?
The 1060 Melbury Road is a house located in the neighborhood of Shelby in Collierville, Collierville.
What is the average sales price for listings in 1060 Melbury Road?
The average sales price for units in 1060 Melbury Road is $489,900 currently.

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