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1389 Timothy Drive

1389 Timothy Drive, Memphis, TN 38116
Local assessors in Memphis, TN have categorized 1389 Timothy Drive as a residential type of property. The home was built in 1959 and is 65 years old. It was most recently renovated and altered in 1989. The property's lot size has been calculated to be 11,600 square feet. The linear feet between the front and back of the lot was measured at 1,450 ft and the front of the lot was measured at 800 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 7 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 3 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 1389 Timothy Drive has a total of 1,337 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 carport for those who need a place to park their vehicle. The garage on the property is 247 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the 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. The property was last sold in Apr 25, 2019 for $97,900. That's $73.22 per sqft. Prior to that sales transaction, the property was also sold in Jan 29, 2019 for $53,000. 1389 Timothy Drive was last assessed in 2022. The total value of the property was assessed at $30,175. Specifically, the land the property is located on was valued at $4,125. While improvements on the property were assessed at a total of $26,050. 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 $1,838. 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.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181216
12/16/2018
3 Bed
1.5 Bath
-
$57,500
bedrooms
3 Bed
bathrooms
1.5 Bath
-
-
-
-
20180614
06/14/2018
3 Bed
2 Bath
-
$51,900
bedrooms
3 Bed
bathrooms
2 Bath
$97,900 +88.63%
05/01/2019
Timothy Hayes

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: Carport
  • Garage Square Area: 247
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 11,600
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,337
  • Gross Building Area: 1,337
  • Building Area: 1,337
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,337
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GRACELAND
  • Land Acres: 0.266
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CORTEZ ALEXIS G
  • Current Owner 2: CORTEZ MARIA ALEXIA Y
  • Previous Owner : MEMPHIS TURNKEY PROPERTIES GP
  • Owner Before Previous Owner: PEAK PROPERTIES LLC

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 022024

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 07-8069-0-0006
  • Lot: 242
  • Municipality: MEMPHIS
  • Latitude: 35.0423
  • Longitude: -90.0175

    Address

  • Full Address: 1389 Timothy Dr
  • Address - House Number: 1389
  • Address - Street Name: Timothy
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C026
  • 4-Digit Zip Code: 5141
  • Zip Code: 38116

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,838

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 177,535
  • High Value: 224,497
  • Low Value: 130,574

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $73,425
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: May 01, 2019
  • First Open Lien Mortgage Loan Amount: $73,425
  • 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, 2049

    Market Valuation

  • Market Total Value: $120,700
  • Market Land Value: $16,500
  • Market Improvement Value: $104,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,175
  • Assessed Land Value: $4,125
  • Assessed Improvements Value: $26,050

    Sales

  • Current Sale Contract Date: Apr 25, 2019
  • Current Sale Recording Date: May 01, 2019
  • Current Sale Transaction ID: 11602081343
  • Current Sale Price: $97,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19042200
  • Previous Sale Recording Date: Feb 04, 2019
  • Previous Sale Contract Date: Jan 29, 2019
  • Previous Sale Amount: $53,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Mortgage Transaction Date: May 01, 2019
  • First Mortgage Loan Amount: $73,425
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2049

About Mc Kellar - Whitehaven-Levi PD



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Nearby Rentals

Unit for rent at

$1,395 /mo

  • 3 Beds
  • 1.5 Baths
  • 1,544 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 1389 Timothy Drive located in?
The 1389 Timothy Drive is a house located in the neighborhood of Mc Kellar - Whitehaven-Levi PD in Mc Kellar - Whitehaven-Levi PD, Memphis.
What is the average sales price for listings in 1389 Timothy Drive?
The average sales price for units in 1389 Timothy Drive is $51,900 currently.

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