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1720 Edward Avenue

1720 Edward Avenue, Memphis, TN 38107
Sold Feb 05, 2021
$72,500
$54,375 by Evolve Bank & Trust
Mortgage Due Mar 01, 2051
Sold Feb 23, 2016
$22,000
1720 Edward Avenue in Memphis, TN was first built in 1951 and is 73 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 traditional style. It is a single story home. 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 2 partial bathrooms. 1720 Edward Avenue has 1,769 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 900 ft and the linear feet between the front and back of the lot is 1,450. In total, the area measurement of the land is 13,050 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. 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 average. 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. 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, 1720 Edward Avenue sold most recently in Feb 1, 2021 for a total of $72,500. If you work out the math, that's approximately a cost of $40.98 per sqft. Before that, the property was also sold for $22,000 in Feb 17, 2016. 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 $804 in taxes each year. 1720 Edward Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $13,200. If we break it down further, the land itself was valued at $1,600. Improvements to the property, however, were assessed at a total of $11,600. 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 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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: 13,050
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,769
  • Gross Building Area: 1,769
  • Building Area: 1,769
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,769
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHN TAYLORS RE
  • Land Acres: 0.3
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: OFLOT 131 THRU 143 UNION LAND & IMPROVEMENT CO SUBDV NS EDWARD COR NORTH EVERGREEN NE

Ownership

  • Current Owner : ELLIS CRAIG D
  • Current Owner 2: ELLIS KIMBERLY M
  • Previous Owner : ANHURE INVESTMENTS LLC
  • Owner Before Previous Owner: BARNETT LILLINA W
  • Owner Before Previous Owner 2: HILL JEAN B
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 000700

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MB 11-73
  • District: O
  • Parcel: 04-1020-0-0061
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1683
  • Longitude: -90

    Address

  • Full Address: 1720 Edward Ave
  • Address - House Number: 1720
  • Address - Street Name: Edward
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C011
  • 4-Digit Zip Code: 3014
  • Zip Code: 38107

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $804

    Appraisal Valuation

  • Standard Deviation: 0.2683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 84,361
  • High Value: 106,996
  • Low Value: 61,726

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $54,375
  • First Open Lien Mortgage Lender: EVOLVE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Feb 05, 2021
  • First Open Lien Mortgage Loan Amount: $54,375
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $33,000
  • Market Land Value: $4,000
  • Market Improvement Value: $29,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $13,200
  • Assessed Land Value: $1,600
  • Assessed Improvements Value: $11,600

    Sales

  • Current Sale Contract Date: Feb 01, 2021
  • Current Sale Recording Date: Feb 05, 2021
  • Current Sale Transaction ID: 11815779052
  • Current Sale Price: $72,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21015074
  • Previous Sale Recording Date: Feb 23, 2016
  • Previous Sale Contract Date: Feb 17, 2016
  • Previous Sale Amount: $22,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVOLVE BANK & TRUST
  • First Mortgage Transaction Date: Feb 05, 2021
  • First Mortgage Loan Amount: $54,375
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

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Frequently Asked Questions

What neighborhood is 1720 Edward Avenue located in?
The 1720 Edward Avenue is a located in the neighborhood of Rhodes Hollywood Springdale Partnership in Midtown, Memphis.
What is the average sales price for listings in 1720 Edward Avenue?
The average sales price for units in 1720 Edward Avenue is $0 currently.

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