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1859 Oliver Avenue

1859 Oliver Avenue, Memphis, TN 38114
Sold May 28, 2019
$270,000
$243,000 by Trustmark National Bank
Mortgage Due Jun 01, 2049
Sold Apr 05, 2011
$193,900
$188,984 by Evolve Bank & Trust
Mortgage Due Apr 01, 2041
Local assessors in Memphis, TN have categorized 1859 Oliver Avenue as a residential type of property. The home was built in 1927 and is 97 years old. It was most recently renovated and altered in 1969. The property's lot size has been calculated to be 9,000 square feet. The linear feet between the front and back of the lot was measured at 1,800 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow 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, 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 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 1859 Oliver Avenue has a total of 2,834 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - A. The building has a gable style roof that was made of composition shingle. Lots of stucco 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1859 Oliver Avenue sold most recently in May 23, 2019 for a total of $270,000. If you work out the math, that's approximately a cost of $95.27 per sqft. Before that, the property was also sold for $193,900 in Mar 30, 2011. 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 $5,554 in taxes each year. 1859 Oliver Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $91,175. If we break it down further, the land itself was valued at $11,575. Improvements to the property, however, were assessed at a total of $79,600. 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: 1927
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Bungalow
  • Exterior Walls Type: Stucco
  • 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
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,834
  • Gross Building Area: 2,834
  • Building Area: 2,834
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,834
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAMAR HGTS
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS OLIVER

Ownership

  • Current Owner : WILLIAM SHANNON E
  • Previous Owner : JEFFERY HOLLY
  • Previous Owner 2: CULPEPPER JOSEPH D
  • Owner Before Previous Owner: SURRATT PATRICK
  • Owner Before Previous Owner 2: ZACHER ROBERT RYAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006300

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 6-95
  • District: O
  • Parcel: 03-1055-0-0008
  • Lot: 19
  • Municipality: MEMPHIS
  • Latitude: 35.1208
  • Longitude: -90.0002

    Address

  • Full Address: 1859 Oliver Ave
  • Address - House Number: 1859
  • Address - Street Name: Oliver
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C060
  • 4-Digit Zip Code: 1728
  • Zip Code: 38114

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,554

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 436,019
  • High Value: 541,395
  • Low Value: 330,643

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $243,000
  • First Open Lien Mortgage Lender: TRUSTMARK NATIONAL BANK
  • First Open Lien Mortgage Recording Date: May 28, 2019
  • First Open Lien Mortgage Loan Amount: $243,000
  • 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: Jun 01, 2049

    Market Valuation

  • Market Total Value: $364,700
  • Market Land Value: $46,300
  • Market Improvement Value: $318,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $91,175
  • Assessed Land Value: $11,575
  • Assessed Improvements Value: $79,600

    Sales

  • Current Sale Contract Date: May 23, 2019
  • Current Sale Recording Date: May 28, 2019
  • Current Sale Transaction ID: 11610591072
  • Current Sale Price: $270,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19051409
  • Previous Sale Recording Date: Apr 05, 2011
  • Previous Sale Contract Date: Mar 30, 2011
  • Previous Sale Amount: $193,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUSTMARK NATIONAL BANK
  • First Mortgage Transaction Date: May 28, 2019
  • First Mortgage Loan Amount: $243,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: EVOLVE BANK & TRUST
  • Previous Mortgage Transaction Date: Apr 05, 2011
  • Previous Mortgage Loan Amount: $188,984
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2041

About Depot Planning District



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Frequently Asked Questions

What neighborhood is 1859 Oliver Avenue located in?
The 1859 Oliver Avenue is a house located in the neighborhood of Cooper Young in Depot Planning District, Memphis.
What is the average sales price for listings in 1859 Oliver Avenue?
The average sales price for units in 1859 Oliver Avenue is $270,000 currently.

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