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1097 Marcia Road

1097 Marcia Road, Memphis, TN 38117
Sold Jul 12, 2019
$200,000
$195,000 by Fairway Independent Mortgage C
Mortgage Due Nov 01, 2051
Sold May 10, 2019
$140,000
$136,488 by Lima One Capital Llc
Mortgage Due Jun 01, 2020
Local assessors in Memphis, TN have categorized 1097 Marcia Road as a residential type of property. The home was built in 1951 and is 73 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 9,800 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 700 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 2 full bathrooms. 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 1097 Marcia Road has a total of 1,275 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 288 sqft. 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. 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 - D. The building has a hip 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. 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, 1097 Marcia Road was last sold in Jul 9, 2019 for $200,000. According to our calculations, that's $156.86 per sqft. Prior to that sales transaction, the property was sold for $140,000 in Apr 22, 2019. Current property owners are expected to pay $3,328 in taxes per year. The property on 1097 Marcia Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $54,625. To break that down further, the land itself was valued at $9,050. While improvements to the property were assessed at a total of $45,575. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 288
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,800
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,275
  • Gross Building Area: 1,275
  • Building Area: 1,275
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,275
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL ACRES
  • Land Acres: 0.225
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : VAUGHAN STEPHANIE MICHELLE
  • Previous Owner : NEXT GENERATION VENTRUES LLC
  • Owner Before Previous Owner: HARTMAN TERRI
  • Owner Before Previous Owner 2: LANGSTON TERRI J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009300

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 15-51
  • District: O
  • Parcel: 06-5015-0-0006
  • Lot: 97
  • Municipality: MEMPHIS
  • Latitude: 35.1017
  • Longitude: -89.9047

    Address

  • Full Address: 1097 Marcia Rd
  • Address - House Number: 1097
  • Address - Street Name: Marcia
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C005
  • 4-Digit Zip Code: 5515
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,328

    Appraisal Valuation

  • Standard Deviation: 0.2431
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 276,457
  • High Value: 343,673
  • Low Value: 209,240

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $255,993
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Nov 02, 2021
  • First Open Lien Mortgage Loan Amount: $195,000
  • 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: Nov 01, 2051
  • Second Open Lien Mortgage Lender: DISCOVER BANK
  • Second Open Lien Mortgage Recording Date: Jan 17, 2024
  • Second Open Lien Mortgage Loan Amount: $60,993
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 16, 2038

    Market Valuation

  • Market Total Value: $218,500
  • Market Land Value: $36,200
  • Market Improvement Value: $182,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,625
  • Assessed Land Value: $9,050
  • Assessed Improvements Value: $45,575

    Sales

  • Current Sale Contract Date: Jul 09, 2019
  • Current Sale Recording Date: Jul 12, 2019
  • Current Sale Transaction ID: 11625579565
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19069962
  • Previous Sale Recording Date: May 10, 2019
  • Previous Sale Contract Date: Apr 22, 2019
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KELLER MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 12, 2019
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: LIMA ONE CAPITAL LLC
  • Previous Mortgage Transaction Date: May 10, 2019
  • Previous Mortgage Loan Amount: $136,488
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2020

About Colonial Acres



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Frequently Asked Questions

What neighborhood is 1097 Marcia Road located in?
The 1097 Marcia Road is a house located in the neighborhood of Colonial Acres in Colonial Acres, Memphis.
What is the average sales price for listings in 1097 Marcia Road?
The average sales price for units in 1097 Marcia Road is $0 currently.

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