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116 Eastview Drive

116 Eastview Drive, Memphis, TN 38111
Multifamily in Binghampton-Lester
Sold Mar 25, 2020
$119,900
$89,925 by Crosscountry Mortgage Llc
Mortgage Due Apr 01, 2050
Sold Nov 21, 2019
$41,250
$80,000 by Bridge Capital Thrift & Loan L
Mortgage
116 Eastview Drive in Memphis, TN was first built in 1948 and is 76 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 traditional style. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 116 Eastview Drive has 1,717 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 600 ft and the linear feet between the front and back of the lot is 1,640. In total, the area measurement of the land is 9,664 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of D. 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 a window/unit air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 116 Eastview Drive sold most recently in Mar 17, 2020 for a total of $119,900. If you work out the math, that's approximately a cost of $69.83 per sqft. Before that, the property was also sold for $41,250 in Nov 18, 2019. 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 $1,284 in taxes each year. 116 Eastview Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $21,080. If we break it down further, the land itself was valued at $2,400. Improvements to the property, however, were assessed at a total of $18,680. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,664
  • Lot Size Depth Feet: 1,640
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,717
  • Gross Building Area: 1,747
  • Building Area: 1,717
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,717
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EAST HIGH GARDENS
  • Land Acres: 0.222
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: ES EASTVIEW DRIVE

Ownership

  • Current Owner : WATARAI HIROKI
  • Previous Owner : MEMPHIS INVESTMENT PROPERTIES II LLC
  • Owner Before Previous Owner: SUMMER HARDWARE LLC

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 003000

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-4013-0-0050
  • Lot: 36
  • Municipality: MEMPHIS
  • Latitude: 35.1351
  • Longitude: -89.9565

    Address

  • Full Address: 116 Eastview Dr
  • Address - House Number: 116
  • Address - Street Name: Eastview
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C090
  • 4-Digit Zip Code: 3625
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,284

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 163,896
  • High Value: 207,602
  • Low Value: 120,189

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $89,925
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 25, 2020
  • First Open Lien Mortgage Loan Amount: $89,925
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $52,700
  • Market Land Value: $6,000
  • Market Improvement Value: $46,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,080
  • Assessed Land Value: $2,400
  • Assessed Improvements Value: $18,680

    Sales

  • Current Sale Contract Date: Mar 17, 2020
  • Current Sale Recording Date: Mar 25, 2020
  • Current Sale Transaction ID: 11751718663
  • Current Sale Price: $119,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20031070
  • Previous Sale Recording Date: Nov 21, 2019
  • Previous Sale Contract Date: Nov 18, 2019
  • Previous Sale Amount: $41,250
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 25, 2020
  • First Mortgage Loan Amount: $89,925
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BRIDGE CAPITAL THRIFT & LOAN L
  • Previous Mortgage Transaction Date: Nov 21, 2019
  • Previous Mortgage Loan Amount: $80,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 116 Eastview Drive located in?
The 116 Eastview Drive is a multifamily located in the neighborhood of Binghampton-Lester in Jackson - University Area, Memphis.
What is the average sales price for listings in 116 Eastview Drive?
The average sales price for units in 116 Eastview Drive is $0 currently.

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