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1541 Peabody Avenue

1541 Peabody Avenue, Memphis, TN 38104
Sold Apr 09, 2021
$380,000
$260,000 by Triumph Mortgage
Mortgage Due May 01, 2051
1541 Peabody Avenue in Memphis, TN was first built in 1907 and is 117 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 conventional style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1541 Peabody Avenue has 3,850 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 750 ft and the linear feet between the front and back of the lot is 1,420. In total, the area measurement of the land is 10,650 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a hip style roof made of composition shingle. For those who need parking, there is a detached garage. The garage is 400 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of a combination of material. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1541 Peabody Avenue was last sold in Apr 8, 2021 for $380,000. According to our calculations, that's $98.70 per sqft. Current property owners are expected to pay $8,224 in taxes per year. The property on 1541 Peabody Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $135,000. To break that down further, the land itself was valued at $21,525. While improvements to the property were assessed at a total of $113,475. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Detached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Combination
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,650
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,850
  • Gross Building Area: 3,850
  • Building Area: 3,850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,850
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MATTHEWS PARK
  • Land Acres: 0.245
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS PEABODY COR WILLETT SW

Ownership

  • Current Owner : STUTHARD MEGHAN
  • Previous Owner : PARK MELBURN R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 003500

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 4-107
  • District: O
  • Parcel: 01-6027-0-0011
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1321
  • Longitude: -90.0103

    Address

  • Full Address: 1541 Peabody Ave
  • Address - House Number: 1541
  • Address - Street Name: Peabody
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C025
  • 4-Digit Zip Code: 3831
  • Zip Code: 38104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,224

    Appraisal Valuation

  • Standard Deviation: 0.2281
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 533,041
  • High Value: 654,652
  • Low Value: 411,429

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $260,000
  • First Open Lien Mortgage Lender: TRIUMPH MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 09, 2021
  • First Open Lien Mortgage Loan Amount: $260,000
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $540,000
  • Market Land Value: $86,100
  • Market Improvement Value: $453,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $135,000
  • Assessed Land Value: $21,525
  • Assessed Improvements Value: $113,475

    Sales

  • Current Sale Contract Date: Apr 08, 2021
  • Current Sale Recording Date: Apr 09, 2021
  • Current Sale Transaction ID: 11829434009
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21041874

    Last Sale Mortgage

  • First Mortgage Lender: TRIUMPH MORTGAGE
  • First Mortgage Transaction Date: Apr 09, 2021
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

About Midtown



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Frequently Asked Questions

What neighborhood is 1541 Peabody Avenue located in?
The 1541 Peabody Avenue is a house located in the neighborhood of Central Gardens in Midtown, Memphis.
What is the average sales price for listings in 1541 Peabody Avenue?
The average sales price for units in 1541 Peabody Avenue is $0 currently.

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