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1734 Corning Avenue

1734 Corning Avenue, Memphis, TN 38127
Sold Jul 06, 2023
$122,500
Sold Mar 20, 2023
$63,000
$96,000 by Reedy James
Mortgage Due Sep 16, 2023
Local assessors in Memphis, TN have categorized 1734 Corning Avenue as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 9,100 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 700 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 is one full bathroom. There is also a partial bathroom. 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 1734 Corning Avenue has a total of 1,080 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 both a unknown and a unknown so you'll have great options in both the front and back 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 gable 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. 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, 1734 Corning Avenue sold most recently in Jun 29, 2023 for a total of $122,500. If you work out the math, that's approximately a cost of $113.43 per sqft. Before that, the property was also sold for $63,000 in Mar 16, 2023. 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 $669 in taxes each year. 1734 Corning Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $10,975. If we break it down further, the land itself was valued at $975. Improvements to the property, however, were assessed at a total of $10,000. 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. 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.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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,100
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,080
  • Gross Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,080
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPENCER EASON SUBDIVISION
  • Land Acres: 0.209
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS CORNING AVE

Ownership

  • Current Owner : BROWN RUSS
  • Current Owner 2: BROWN EMMALEIGH
  • Previous Owner : MEMPHIS INVESTMENT PROPERTIES IV LLC
  • Owner Before Previous Owner: K7 CAPITAL LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 010002

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 4-24
  • District: O
  • Parcel: 07-1014-0-0069
  • Municipality: MEMPHIS
  • Latitude: 35.2255
  • Longitude: -90.0058

    Address

  • Full Address: 1734 Corning Ave
  • Address - House Number: 1734
  • Address - Street Name: Corning
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C031
  • 4-Digit Zip Code: 4354
  • Zip Code: 38127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $669

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 389,162
  • High Value: 566,156
  • Low Value: 212,167

    Market Valuation

  • Market Total Value: $43,900
  • Market Land Value: $3,900
  • Market Improvement Value: $40,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,975
  • Assessed Land Value: $975
  • Assessed Improvements Value: $10,000

    Sales

  • Current Sale Contract Date: Jun 29, 2023
  • Current Sale Recording Date: Jul 06, 2023
  • Current Sale Transaction ID: 11908882544
  • Current Sale Price: $122,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 55207
  • Previous Sale Recording Date: Mar 20, 2023
  • Previous Sale Contract Date: Mar 16, 2023
  • Previous Sale Amount: $63,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEIGHBORHOOD LOANS, INC.
  • First Mortgage Transaction Date: Jul 06, 2023
  • First Mortgage Loan Amount: $91,875
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: REEDY JAMES
  • Previous Mortgage Transaction Date: Mar 20, 2023
  • Previous Mortgage Loan Amount: $96,000
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 16, 2023

About Frayser - Raleigh PD



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Frequently Asked Questions

What neighborhood is 1734 Corning Avenue located in?
The 1734 Corning Avenue is a house located in the neighborhood of Frayser - Raleigh PD in Frayser - Raleigh PD, Memphis.
What is the average sales price for listings in 1734 Corning Avenue?
The average sales price for units in 1734 Corning Avenue is $68,000 currently.

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