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1551 Waverly Avenue

1551 Waverly Avenue, Memphis, TN 38106
House in Glenview
Sold Oct 26, 2015
$20,900
$27,455 by Landmark Community Bank
Mortgage Due Nov 01, 2030
Sold Jun 19, 2014
$15,000
1551 Waverly Avenue in Memphis, TN was first built in 1927 and is 97 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 bungalow 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. 1551 Waverly Avenue has 1,800 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 590 ft and the linear feet between the front and back of the lot is 1,480. In total, the area measurement of the land is 8,776 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 150 sqft. There are a total of 6 available parking spaces. 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 fair. 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 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, 1551 Waverly Avenue was last sold in Oct 21, 2015 for $20,900. According to our calculations, that's $11.61 per sqft. Prior to that sales transaction, the property was sold for $15,000 in Jun 18, 2014. Current property owners are expected to pay $1,246 in taxes per year. The property on 1551 Waverly Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $20,450. To break that down further, the land itself was valued at $1,725. While improvements to the property were assessed at a total of $18,725. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Fair
  • Building Quality: D
  • Building Style: Bungalow
  • 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: 150
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 8,776
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 590
  • Total Building Area: 1,800
  • Gross Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,800
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTHERN TERR
  • Land Acres: 0.202
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS WAVERLY COR WILLETT SW

Ownership

  • Current Owner : MCGEE M J
  • Previous Owner : HOMESTEAD RESIDENTIAL CONTRACTORS LLC
  • Owner Before Previous Owner: MDM INVESTMENTS OF MEMPHIS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006200

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 03-1008-0-0008
  • Lot: 9
  • Municipality: MEMPHIS
  • Latitude: 35.1143
  • Longitude: -90.0106

    Address

  • Full Address: 1551 Waverly Ave
  • Address - House Number: 1551
  • Address - Street Name: Waverly
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C034
  • 4-Digit Zip Code: 2421
  • Zip Code: 38106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,246

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 57,314
  • High Value: 83,380
  • Low Value: 31,247

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $27,455
  • First Open Lien Mortgage Lender: LANDMARK COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Oct 26, 2015
  • First Open Lien Mortgage Loan Amount: $27,455
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2030

    Market Valuation

  • Market Total Value: $81,800
  • Market Land Value: $6,900
  • Market Improvement Value: $74,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,450
  • Assessed Land Value: $1,725
  • Assessed Improvements Value: $18,725

    Sales

  • Current Sale Contract Date: Oct 21, 2015
  • Current Sale Recording Date: Oct 26, 2015
  • Current Sale Transaction ID: 1338462656
  • Current Sale Price: $20,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 15107542
  • Previous Sale Recording Date: Jun 19, 2014
  • Previous Sale Contract Date: Jun 18, 2014
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LANDMARK COMMUNITY BANK
  • First Mortgage Transaction Date: Oct 26, 2015
  • First Mortgage Loan Amount: $27,455
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2030

About Depot Planning District



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Nearby Rentals

Unit for rent at

$1,250 /mo

  • 1 Bed
  • 1 Bath
  • 682 ft²
Listing by Manager
Unit for rent at

$1,350 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
Listing by Manager
Unit for rent at

$1,350 /mo

  • 2 Beds
  • 1 Bath
  • 1,144 ft²
Listing by Manager
Unit for rent at

$1,195 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
Listing by The Wendell On Southern
Unit for rent at

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 975 ft²
Listing by Manager
Unit for rent at

$1,325 /mo

  • 3 Beds
  • 1 Bath
  • 1,212 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 1551 Waverly Avenue located in?
The 1551 Waverly Avenue is a house located in the neighborhood of Glenview in Depot Planning District, Memphis.
What is the average sales price for listings in 1551 Waverly Avenue?
The average sales price for units in 1551 Waverly Avenue is $0 currently.

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