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1512 Ivy Road

1512 Ivy Road, Memphis, TN 38117
Sold Jan 07, 2020
$205,000
$191,300 by Rocket Mortgage Llc
Mortgage Due Nov 01, 2052
Sold Sep 03, 2013
$120,000
$114,000 by Patriot Bank
Mortgage Due Sep 01, 2028
Local assessors in Memphis, TN have categorized 1512 Ivy Road as a residential type of property. The home was built in 1955 and is 69 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 7,980 square feet. The linear feet between the front and back of the lot was measured at 1,330 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler 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 1512 Ivy Road has a total of 1,608 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 attached garage for those who need a place to park their vehicle. The garage on the property is 209 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 front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 Dec 4, 2019 for $205,000. That's $112.82 per sqft. Prior to that sales transaction, the property was also sold in Aug 27, 2013 for $120,000. 1512 Ivy Road was last assessed in 2022. The total value of the property was assessed at $50,700. Specifically, the land the property is located on was valued at $5,225. While improvements on the property were assessed at a total of $45,475. 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 $3,088. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • 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: Attached
  • Garage Square Area: 209
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,980
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,817
  • Gross Building Area: 1,817
  • Building Area: 1,608
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,608
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL VILLAGE B
  • Land Acres: 0.183
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WILLIAMS THOMAS B
  • Current Owner 2: HAYES AYDEN C
  • Previous Owner : HUGHES REED WARING
  • Owner Before Previous Owner: SCHILLER NANCY H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009400

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 19-22
  • District: O
  • Parcel: 06-6079-0-0032
  • Lot: 140
  • Municipality: MEMPHIS
  • Latitude: 35.0904
  • Longitude: -89.899

    Address

  • Full Address: 1512 Ivy Rd
  • Address - House Number: 1512
  • Address - Street Name: Ivy
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C043
  • 4-Digit Zip Code: 6724
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,088

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 284,523
  • High Value: 353,286
  • Low Value: 215,760

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $191,300
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 02, 2023
  • First Open Lien Mortgage Loan Amount: $191,300
  • 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: Nov 01, 2052

    Market Valuation

  • Market Total Value: $202,800
  • Market Land Value: $20,900
  • Market Improvement Value: $181,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,700
  • Assessed Land Value: $5,225
  • Assessed Improvements Value: $45,475

    Sales

  • Current Sale Contract Date: Dec 04, 2019
  • Current Sale Recording Date: Jan 07, 2020
  • Current Sale Transaction ID: 11713196768
  • Current Sale Price: $205,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20001911
  • Previous Sale Recording Date: Sep 03, 2013
  • Previous Sale Contract Date: Aug 27, 2013
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS CORP
  • First Mortgage Transaction Date: Jan 07, 2020
  • First Mortgage Loan Amount: $194,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PATRIOT BANK
  • Previous Mortgage Transaction Date: Sep 03, 2013
  • Previous Mortgage Loan Amount: $114,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2028

About Colonial Acres



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Frequently Asked Questions

What neighborhood is 1512 Ivy Road located in?
The 1512 Ivy Road is a house located in the neighborhood of Colonial Acres in Colonial Acres, Memphis.
What is the average sales price for listings in 1512 Ivy Road?
The average sales price for units in 1512 Ivy Road is $215,000 currently.

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