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1305 Peabody Avenue

1305 Peabody Avenue, Memphis, TN 38104
Multifamily in Annesdale Park
Sold Jul 03, 2019
$325,000
$469,000 by Visio Financial Services Inc
Mortgage
Sold Jan 03, 2001
$282,000
1305 Peabody Avenue in Memphis, TN was first built in 1900 and is 124 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1305 Peabody Avenue has 9,232 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 1,414. In total, the area measurement of the land is 8,484 square feet.

Learn more about the property and building on this page. There is a unknown. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. 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 good. 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 no air conditioning. As for heating, the home is utilizing a heating system and being fueled with gas. 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. The property was last sold in Jun 28, 2019 for $325,000. That's $35.20 per sqft. Prior to that sales transaction, the property was also sold in Dec 13, 2000 for $282,000. 1305 Peabody Avenue was last assessed in 2022. The total value of the property was assessed at $121,200. Specifically, the land the property is located on was valued at $4,240. While improvements on the property were assessed at a total of $116,960. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,383. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Living Units: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,484
  • Lot Size Depth Feet: 1,414
  • Lot Size Frontage Feet: 600
  • Total Building Area: 9,232
  • Gross Building Area: 9,382
  • Building Area: 9,232
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 9,232
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ANNESDALE PARK
  • Land Acres: 0.195
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: SS PEABODY

Ownership

  • Current Owner : PEABODY STAYS LLC
  • Previous Owner : ARNOLD DAVID
  • Previous Owner 2: GUTCHER SANDRA MARIE
  • Owner Before Previous Owner: OSENGA G JUSTUS
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 003500

Zoning

  • Zoning: RW

Geography

  • District: O
  • Parcel: 01-6006-0-0014
  • Lot: 37
  • Municipality: MEMPHIS
  • Latitude: 35.1324
  • Longitude: -90.0181

    Address

  • Full Address: 1305 Peabody Ave
  • Address - House Number: 1305
  • Address - Street Name: Peabody
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C066
  • 4-Digit Zip Code: 3577
  • Zip Code: 38104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,383

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 479,153
  • High Value: 697,076
  • Low Value: 261,229

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $469,000
  • First Open Lien Mortgage Lender: VISIO FINANCIAL SERVICES INC
  • First Open Lien Mortgage Recording Date: Nov 23, 2021
  • First Open Lien Mortgage Loan Amount: $469,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $303,000
  • Market Land Value: $10,600
  • Market Improvement Value: $292,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $121,200
  • Assessed Land Value: $4,240
  • Assessed Improvements Value: $116,960

    Sales

  • Current Sale Contract Date: Jun 28, 2019
  • Current Sale Recording Date: Jul 03, 2019
  • Current Sale Transaction ID: 11625667131
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19066706
  • Previous Sale Recording Date: Jan 03, 2001
  • Previous Sale Contract Date: Dec 13, 2000
  • Previous Sale Amount: $282,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COMMERCIAL BANK
  • First Mortgage Transaction Date: Jul 03, 2019
  • First Mortgage Loan Amount: $250,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jun 26, 2024

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 1305 Peabody Avenue located in?
The 1305 Peabody Avenue is a multifamily located in the neighborhood of Annesdale Park in Midtown, Memphis.
What is the average sales price for listings in 1305 Peabody Avenue?
The average sales price for units in 1305 Peabody Avenue is $0 currently.

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