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1437 Salem Street

1437 Salem Street, Memphis, TN 38122
Property in Shelby
Sold Sep 16, 2008
$25,000
Buyer
Hud
Seller
$52,500 by Landmark Community Bank
Mortgage
Sold Feb 29, 2008
$59,437
1437 Salem Street in Memphis, TN was first built in 1947 and is 77 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 cottage style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1437 Salem Street has 1,067 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 1,500. In total, the area measurement of the land is 9,435 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a carport. The garage is 165 sqft. 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 an air conditioning type we are unsure of. As for heating, the home is utilizing a heating system 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, 1437 Salem Street sold most recently in Sep 15, 2008 for a total of $25,000. If you work out the math, that's approximately a cost of $23.43 per sqft. Before that, the property was also sold for $59,437 in Jan 21, 2008. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $611 in taxes each year. 1437 Salem Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $10,025. If we break it down further, the land itself was valued at $1,775. Improvements to the property, however, were assessed at a total of $8,250. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 165
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,435
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,067
  • Gross Building Area: 1,067
  • Building Area: 1,067
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Unsure
  • Heating: Yes
  • Heated Square Feet: 1,067
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAYLISS ROAD
  • Land Acres: 0.217
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HUNT MICHAEL
  • Previous Owner : HUD
  • Owner Before Previous Owner: HOUSTON MAKISHA F
  • Owner Before Previous Owner 2: HOUSTON HAZEL L

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001100

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 05-3001-0-0015
  • Lot: 12
  • Municipality: MEMPHIS
  • Latitude: 35.1709
  • Longitude: -89.9339

    Address

  • Full Address: 1437 Salem St
  • Address - House Number: 1437
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C098
  • 4-Digit Zip Code: 1348
  • Zip Code: 38122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $611

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 88,900
  • High Value: 111,012
  • Low Value: 66,787

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $52,500
  • First Open Lien Mortgage Lender: LANDMARK COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Sep 16, 2008
  • First Open Lien Mortgage Loan Amount: $52,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $40,100
  • Market Land Value: $7,100
  • Market Improvement Value: $33,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,025
  • Assessed Land Value: $1,775
  • Assessed Improvements Value: $8,250

    Sales

  • Current Sale Contract Date: Sep 15, 2008
  • Current Sale Recording Date: Sep 16, 2008
  • Current Sale Transaction ID: 1176676304
  • Current Sale Price: $25,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 08123396
  • Previous Sale Recording Date: Feb 29, 2008
  • Previous Sale Contract Date: Jan 21, 2008
  • Previous Sale Amount: $59,437
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: LANDMARK COMMUNITY BANK
  • First Mortgage Transaction Date: Sep 16, 2008
  • First Mortgage Loan Amount: $52,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1437 Salem Street located in?
The 1437 Salem Street is a located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 1437 Salem Street?
The average sales price for units in 1437 Salem Street is $0 currently.

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