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1515 South McLean Bl

1515 South McLean Bl, Memphis, TN 38114
Multifamily in 48th Ward Civic Club
1 Units For Sale
Unit for sale at 1515 S MCLEAN BLVD, Memphis, TN 38114

$65,900

  • Studio
1515 S MCLEAN BLVD, Memphis, TN 38114 Listing by Tyler Tapley

Local assessors in Memphis, TN have categorized 1515 South McLean Bl as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 5,904 square feet. The linear feet between the front and back of the lot was measured at 1,230 ft and the front of the lot was measured at 480 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 6 rooms in the home. Of these, 2 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 2 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 1515 South McLean Bl has a total of 1,100 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. Do you like to entertain? The home has a unknown so you'll have a great option in the front 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 roof that is made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on a window/unit air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $619 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 1515 South McLean Bl was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $10,160. To break that down further, the land itself was valued at $1,600. While improvements to the property were assessed at a total of $8,560. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180215
02/15/2018
Studio
-
-
-
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • 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: 5,904
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 480
  • Total Building Area: 1,100
  • Gross Building Area: 1,100
  • Building Area: 1,100
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,100
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DILATUSH AND ROBERTS OAKLAWN
  • Land Acres: 0.136
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: WS MCLEAN

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006500

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MB 8-242
  • District: O
  • Parcel: 03-1085-0-0141
  • Lot: 23-24
  • Municipality: MEMPHIS
  • Latitude: 35.1045
  • Longitude: -90.003

    Address

  • Full Address: 1515 S Mclean Blvd
  • Address - House Number: 1515
  • Street Direction: S
  • Address - Street Name: Mclean
  • Address - Suffix Type: Blvd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C068
  • 4-Digit Zip Code: 2819
  • Zip Code: 38114

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $619
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 62,840
  • High Value: 69,689
  • Low Value: 55,991

    Market Valuation

  • Market Total Value: $25,400
  • Market Land Value: $4,000
  • Market Improvement Value: $21,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,160
  • Assessed Land Value: $1,600
  • Assessed Improvements Value: $8,560

About Depot Planning District



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Frequently Asked Questions

What neighborhood is 1515 South McLean Bl located in?
The 1515 South McLean Bl is a multifamily located in the neighborhood of 48th Ward Civic Club in Depot Planning District, Memphis.
How many listings are currently for sale in 1515 South McLean Bl?
There is a listing currently on the market for sale.
What is the average sales price for listings in 1515 South McLean Bl?
The average sales price for units in 1515 South McLean Bl is $65,900 currently.

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