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1081 Oakridge Drive

1081 Oakridge Drive, Memphis, TN 38111
Sold Apr 29, 2021
$525,000
$498,750 by Community Mortgage Corp
Mortgage Due May 01, 2051
Sold Aug 04, 2011
$172,900
$138,320 by Bartlett Mortgage Inc
Mortgage Due Aug 01, 2026
Local assessors in Memphis, TN have categorized 1081 Oakridge Drive as a residential type of property. The home was built in 1952 and is 72 years old. It was most recently renovated and altered in 1987. The property's lot size has been calculated to be 31,478 square feet. The linear feet between the front and back of the lot was measured at 1,900 ft and the front of the lot was measured at 650 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1081 Oakridge Drive has a total of 5,322 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. 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 - B. The building has a gable style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1081 Oakridge Drive was last sold in Apr 26, 2021 for $525,000. According to our calculations, that's $98.65 per sqft. Prior to that sales transaction, the property was sold for $172,900 in Jul 29, 2011. Current property owners are expected to pay $6,760 in taxes per year. The property on 1081 Oakridge Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $110,975. To break that down further, the land itself was valued at $16,725. While improvements to the property were assessed at a total of $94,250. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Carport

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Traditional
  • 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
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 31,478
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 650
  • Total Building Area: 5,322
  • Gross Building Area: 5,322
  • Building Area: 5,322
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,322
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AUDUBON PARK ADDN
  • Land Acres: 0.723
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HOLMAN MAX A
  • Current Owner 2: DANIELS KORI E
  • Previous Owner : PHILLIPS CLIFTON P
  • Previous Owner 2: PHILLIPS CANDICE N
  • Owner Before Previous Owner: FANNIE MAE

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 011800

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 05-8122-0-0043
  • Lot: 40
  • Municipality: MEMPHIS
  • Latitude: 35.1023
  • Longitude: -89.9237

    Address

  • Full Address: 1081 Oak Ridge Dr
  • Address - House Number: 1081
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C077
  • 4-Digit Zip Code: 8117
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,760

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 556,488
  • High Value: 694,906
  • Low Value: 418,071

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $498,750
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Apr 29, 2021
  • First Open Lien Mortgage Loan Amount: $498,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $443,900
  • Market Land Value: $66,900
  • Market Improvement Value: $377,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $110,975
  • Assessed Land Value: $16,725
  • Assessed Improvements Value: $94,250

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: Apr 29, 2021
  • Current Sale Transaction ID: 11832912318
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21051271
  • Previous Sale Recording Date: Aug 04, 2011
  • Previous Sale Contract Date: Jul 29, 2011
  • Previous Sale Amount: $172,900
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Apr 29, 2021
  • First Mortgage Loan Amount: $498,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BARTLETT MORTGAGE INC
  • Previous Mortgage Transaction Date: Aug 04, 2011
  • Previous Mortgage Loan Amount: $138,320
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2026

About Jackson - University Area



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Nearby Rentals

Unit for rent at

$2,310 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
Listing by Manager
Unit for rent at

$2,310 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
Listing by Manager
Unit for rent at

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 1081 Oakridge Drive located in?
The 1081 Oakridge Drive is a house located in the neighborhood of Audubon Park in Jackson - University Area, Memphis.
What is the average sales price for listings in 1081 Oakridge Drive?
The average sales price for units in 1081 Oakridge Drive is $525,000 currently.

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