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1377 Railton Road

1377 Railton Road, Memphis, TN 38111
Sold Dec 14, 2020
$141,500
$141,500 by Navy Fcu
Mortgage Due Jan 01, 2051
Sold Aug 27, 2020
$75,500
$99,300 by Lendinghome Funding Corp
Mortgage
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1377 Railton Road has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1961 and is 63 years old. However, we must point out that the home was most recently renovated and altered in 2008. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 1 stories. In addition, 1377 Railton Road has 2,050 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,640 ft and across the front of the lot is 720 ft. The area measurement of the land has been determined as 11,808 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Dec 2, 2020 for $141,500. That's $38.77 per sqft. Prior to that sales transaction, the property was also sold in Aug 24, 2020 for $75,500. 1377 Railton Road was last assessed in 2022. The total value of the property was assessed at $32,900. Specifically, the land the property is located on was valued at $1,250. While improvements on the property were assessed at a total of $31,650. 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 $2,004. 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. 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.

Building Features

Parking

Garage Parking Attached Garage

Driveway

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

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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 Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,808
  • Lot Size Depth Feet: 1,640
  • Lot Size Frontage Feet: 720
  • Total Building Area: 3,650
  • Gross Building Area: 3,650
  • Building Area: 2,050
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,050
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELDER T H FIRST & SECOND
  • Land Acres: 0.271
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FLEMING LANIESHA R
  • Previous Owner : TMC GROUP LLC
  • Owner Before Previous Owner: GP MEMPHIS CASHFLOW
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008120

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 05-9096-0-0004
  • Lot: 55
  • Municipality: MEMPHIS
  • Latitude: 35.0941
  • Longitude: -89.9509

    Address

  • Full Address: 1377 Railton Rd
  • Address - House Number: 1377
  • Address - Street Name: Railton
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C089
  • 4-Digit Zip Code: 3801
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,004

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 419,622
  • High Value: 610,469
  • Low Value: 228,774

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $141,500
  • First Open Lien Mortgage Lender: NAVY FCU
  • First Open Lien Mortgage Recording Date: Dec 14, 2020
  • First Open Lien Mortgage Loan Amount: $141,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $131,600
  • Market Land Value: $5,000
  • Market Improvement Value: $126,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,900
  • Assessed Land Value: $1,250
  • Assessed Improvements Value: $31,650

    Sales

  • Current Sale Contract Date: Dec 02, 2020
  • Current Sale Recording Date: Dec 14, 2020
  • Current Sale Transaction ID: 11806450031
  • Current Sale Price: $141,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20139136
  • Previous Sale Recording Date: Aug 27, 2020
  • Previous Sale Contract Date: Aug 24, 2020
  • Previous Sale Amount: $75,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NAVY FCU
  • First Mortgage Transaction Date: Dec 14, 2020
  • First Mortgage Loan Amount: $141,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Aug 27, 2020
  • Previous Mortgage Loan Amount: $99,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Depot Planning District



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Nearby Rentals

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$1,595 /mo

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  • 1 Bath
  • 1,221 ft²
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$1,599 /mo

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Unit for rent at

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Frequently Asked Questions

What neighborhood is 1377 Railton Road located in?
The 1377 Railton Road is a house located in the neighborhood of Cherokee Civic Club in Depot Planning District, Memphis.
What is the average sales price for listings in 1377 Railton Road?
The average sales price for units in 1377 Railton Road is $78,000 currently.

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