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1885 Dorrie Lane

1885 Dorrie Lane, Memphis, TN 38117
Sold Jun 28, 2021
$240,000
$235,653 by Community Mortgage Corp
Mortgage Due Jul 01, 2051
Sold Dec 16, 2020
$154,000
$161,000 by Lima One Capital Llc
Mortgage
1885 Dorrie Lane in Memphis, TN was first built in 1960 and is 64 years old. Although, the building on the property was most recently renovated and altered in 2009. 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 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1885 Dorrie Lane has 1,493 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 650 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 7,800 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof 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, 1885 Dorrie Lane sold most recently in Jun 15, 2021 for a total of $240,000. If you work out the math, that's approximately a cost of $160.75 per sqft. Before that, the property was also sold for $154,000 in Dec 14, 2020. 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 $2,603 in taxes each year. 1885 Dorrie Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $42,725. If we break it down further, the land itself was valued at $4,425. Improvements to the property, however, were assessed at a total of $38,300. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1960
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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 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: 7,800
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,493
  • Gross Building Area: 1,493
  • Building Area: 1,493
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,493
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILLOW PARK A
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KENTON QUINDARUS
  • Current Owner 2: KENTON KAYLI
  • Previous Owner : PLAXICO INVESTMENTS LLC
  • Owner Before Previous Owner: PHAN HINH
  • Owner Before Previous Owner 2: PHAN VAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009700

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 06-6045-0-0078
  • Lot: 197
  • Municipality: MEMPHIS
  • Latitude: 35.0802
  • Longitude: -89.9096

    Address

  • Full Address: 1885 Dorrie Ln
  • Address - House Number: 1885
  • Address - Street Name: Dorrie
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C021
  • 4-Digit Zip Code: 7444
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,603

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 244,945
  • High Value: 304,143
  • Low Value: 185,747

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $235,653
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 28, 2021
  • First Open Lien Mortgage Loan Amount: $235,653
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $170,900
  • Market Land Value: $17,700
  • Market Improvement Value: $153,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,725
  • Assessed Land Value: $4,425
  • Assessed Improvements Value: $38,300

    Sales

  • Current Sale Contract Date: Jun 15, 2021
  • Current Sale Recording Date: Jun 28, 2021
  • Current Sale Transaction ID: 11840891604
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21076478
  • Previous Sale Recording Date: Dec 16, 2020
  • Previous Sale Contract Date: Dec 14, 2020
  • Previous Sale Amount: $154,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 28, 2021
  • First Mortgage Loan Amount: $235,653
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LIMA ONE CAPITAL LLC
  • Previous Mortgage Transaction Date: Dec 16, 2020
  • Previous Mortgage Loan Amount: $161,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Colonial Acres



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Frequently Asked Questions

What neighborhood is 1885 Dorrie Lane located in?
The 1885 Dorrie Lane is a house located in the neighborhood of Colonial Acres in Colonial Acres, Memphis.
What is the average sales price for listings in 1885 Dorrie Lane?
The average sales price for units in 1885 Dorrie Lane is $145,000 currently.

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