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141 East Carolina Avenue

141 East Carolina Avenue, Memphis, TN 38126
Property in Downtown Memphis
1 Units For Sale
Unit for sale at 141 E CAROLINA, Memphis, TN 38126

$1,350,000

  • Commercial
141 E CAROLINA, Memphis, TN 38126 Listing by Chris Garland

Local assessors in Memphis, TN have categorized 141 East Carolina Avenue as a unknown type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 6,000 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 400 ft. 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 141 East Carolina Avenue has a total of 2,787 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. 141 East Carolina Avenue is a 2 code building. This code stands for "unknown". 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 unknown. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with unknown control joints. 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 - unknown. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on unknown for their cooling system. The home's unknown is the primary heating source. 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, 141 East Carolina Avenue sold most recently in Dec 30, 2020 for a total of $650,000. If you work out the math, that's approximately a cost of $233.23 per sqft. Before that, the property was also sold for $30,000 in May 31, 2006. 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 $11,048 in taxes each year. The initial year of tax delinquency occurred in 2021. 141 East Carolina Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $181,360. If we break it down further, the land itself was valued at $15,000. Improvements to the property, however, were assessed at a total of $166,360. 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. 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!

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,787
  • Gross Building Area: 2,787
  • Building Area: 2,787
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,787
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: FORT PICKERING
  • Land Acres: 0.138
  • Legal Description 1: SS CAROLINA

Ownership

  • Current Owner : INVESTN LLC
  • Previous Owner : BARNETT BRADLEY D
  • Owner Before Previous Owner: JONES GREGORY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 004300

Zoning

  • Zoning: BR

Geography

  • District: O
  • Parcel: 01-2071-0-0003
  • Block: 40
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.128
  • Longitude: -90.0576

    Address

  • Full Address: 141 E Carolina Ave
  • Address - House Number: 141
  • Street Direction: E
  • Address - Street Name: Carolina
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C070
  • 4-Digit Zip Code: 3003
  • Zip Code: 38126

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,048
  • Intital Tax Deliquent Year: 2021

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $654,521
  • First Open Lien Mortgage Lender: GUARANTY BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Dec 31, 2020
  • First Open Lien Mortgage Loan Amount: $552,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • Second Open Lien Mortgage Lender: GUARANTY BANK AND TRUST COMPAN
  • Second Open Lien Mortgage Recording Date: Oct 25, 2022
  • Second Open Lien Mortgage Loan Amount: $102,021
  • Second Open Lien Mortgage Term: 60
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: unknown
  • Second Open Lien Mortgage Loan Due Date: Oct 25, 2027

    Market Valuation

  • Market Total Value: $453,400
  • Market Land Value: $37,500
  • Market Improvement Value: $415,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $181,360
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $166,360

    Sales

  • Current Sale Contract Date: Dec 30, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Transaction ID: 11809662815
  • Current Sale Price: $650,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 20145782
  • Previous Sale Recording Date: Jun 01, 2006
  • Previous Sale Contract Date: May 31, 2006
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTY BANK & TRUST CO
  • First Mortgage Transaction Date: Dec 31, 2020
  • First Mortgage Loan Amount: $552,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown

About Downtown Memphis



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Frequently Asked Questions

What neighborhood is 141 East Carolina Avenue located in?
The 141 East Carolina Avenue is a located in the neighborhood of Downtown Memphis in Downtown Memphis, Memphis.
How many listings are currently for sale in 141 East Carolina Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 141 East Carolina Avenue?
The average sales price for units in 141 East Carolina Avenue is $1,350,000 currently.

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