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1509 North Hollywood Street

1509 North Hollywood Street, Memphis, TN 38108
Sold Dec 26, 2019
$34,500
$27,600 by State Employees Cu
Mortgage Due Jan 01, 2050
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1509 North Hollywood Street 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 1950 and is 74 years old. The home has a total of 4 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1509 North Hollywood Street has 775 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 1,500 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 6,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a cottage 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. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as fair. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with an air conditioning type we are unsure of at the moment. In terms of heating, it 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, 1509 North Hollywood Street sold most recently in Dec 19, 2019 for a total of $34,500. If you work out the math, that's approximately a cost of $44.52 per sqft. 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 $280 in taxes each year. The initial year of tax delinquency occurred in 2018. 1509 North Hollywood Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $4,600. If we break it down further, the land itself was valued at $950. Improvements to the property, however, were assessed at a total of $3,650. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

Building Features

Driveway

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

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Cottage
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • 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: 775
  • Gross Building Area: 775
  • Building Area: 775
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Unsure
  • Heating: Yes
  • Heated Square Feet: 775
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORWOOD
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS HOLLYWOOD

Ownership

  • Current Owner : WILLINS LEON A
  • Current Owner 2: WILLINS ALLISON J
  • Previous Owner : DIVINE PROSPERITY LLC
  • Vacant Flag Date: Jul 14, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 000800

Zoning

  • Zoning: RU-2

Geography

  • District: O
  • Parcel: 04-2008-0-0005
  • Lot: 426
  • Municipality: MEMPHIS
  • Latitude: 35.1773
  • Longitude: -89.9756

    Address

  • Full Address: 1509 N Hollywood St
  • Address - House Number: 1509
  • Street Direction: N
  • Address - Street Name: Hollywood
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C020
  • 4-Digit Zip Code: 1535
  • Zip Code: 38108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $280
  • Intital Tax Deliquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 380,305
  • High Value: 553,271
  • Low Value: 207,338

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $27,600
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Dec 26, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $27,600
  • 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: Jan 01, 2050

    Market Valuation

  • Market Total Value: $18,400
  • Market Land Value: $3,800
  • Market Improvement Value: $14,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,600
  • Assessed Land Value: $950
  • Assessed Improvements Value: $3,650

    Sales

  • Current Sale Contract Date: Dec 19, 2019
  • Current Sale Recording Date: Dec 26, 2019
  • Current Sale Transaction ID: 11711626519
  • Current Sale Price: $34,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19133231

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Dec 26, 2019
  • First Mortgage Loan Amount: $27,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Hollywood-Hyde Park-Springdale



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Frequently Asked Questions

What neighborhood is 1509 North Hollywood Street located in?
The 1509 North Hollywood Street is a house located in the neighborhood of Hollywood-Hyde Park-Springdale in Hollywood-Hyde Park-Springdale, Memphis.
What is the average sales price for listings in 1509 North Hollywood Street?
The average sales price for units in 1509 North Hollywood Street is $0 currently.

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