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2016 Lamar Avenue

2016 Lamar Avenue, Memphis, TN 38114
1 Units For Sale
Unit for sale at 2016 LAMAR, Memphis, TN 38114

$125,000

  • Commercial
2016 LAMAR, Memphis, TN 38114 Listing by Chanel Robinson

Local assessors in Memphis, TN have categorized 2016 Lamar Avenue as a commercial type of property. The home was built in 1938 and is 86 years old. The property's lot size has been calculated to be 6,639 square feet. 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 2016 Lamar Avenue has a total of 5,387 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. 2016 Lamar Avenue is a 2 code building. This code stands for "buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.". Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 - E. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's electric heaters is the primary heating source and it is being fueled with electricity. 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, 2016 Lamar Avenue was last sold in Jun 3, 2021 for $72,000. According to our calculations, that's $13.37 per sqft. Prior to that sales transaction, the property was sold for $15,000 in Oct 8, 2020. Current property owners are expected to pay $2,042 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 2016 Lamar Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $33,520. To break that down further, the land itself was valued at $7,960. While improvements to the property were assessed at a total of $25,560. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201118
11/18/2020
Loft
-
-
$89,900
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: E
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,639
  • Lot Size Frontage Feet: 730
  • Total Building Area: 5,387
  • Gross Building Area: 5,387
  • Building Area: 5,387
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Electric
  • Heated Square Feet: 5,387
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Commercial
  • Subdivision: FLOWER GARDEN
  • Land Acres: 0.152
  • Standard Land Use Code: Regional shopping center or mall with anchor store
  • Legal Description 1: NS LAMAR TO CARNES

Ownership

  • Current Owner : ROBINSON CHANEL
  • Current Owner 2: BUTLER CENTHYA
  • Previous Owner : MEMPHIS REVIVAL MINISTRIES LLC
  • Owner Before Previous Owner: COLE DONOVAN
  • Ownership Rights Codes: Joint Tenants
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jun 22, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006400

Zoning

  • Zoning: CMU-3

Geography

  • District: O
  • Parcel: 03-1103-0-0002
  • Lot: PT147
  • Municipality: MEMPHIS
  • Latitude: 35.1131
  • Longitude: -89.9954

    Address

  • Full Address: 2016 Lamar Ave
  • Address - House Number: 2016
  • Address - Street Name: Lamar
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C067
  • 4-Digit Zip Code: 2144
  • Zip Code: 38114

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,042
  • Intital Tax Deliquent Year: 2021

    Market Valuation

  • Market Total Value: $83,800
  • Market Land Value: $19,900
  • Market Improvement Value: $63,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,520
  • Assessed Land Value: $7,960
  • Assessed Improvements Value: $25,560

    Sales

  • Current Sale Contract Date: Jun 03, 2021
  • Current Sale Recording Date: Jun 09, 2021
  • Current Sale Transaction ID: 11837783746
  • Current Sale Price: $72,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21069695
  • Previous Sale Recording Date: Oct 16, 2020
  • Previous Sale Contract Date: Oct 08, 2020
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: Warranty Deed

About Depot Planning District



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Frequently Asked Questions

What neighborhood is 2016 Lamar Avenue located in?
The 2016 Lamar Avenue is a commercial located in the neighborhood of Castalia - Parkway Block Club in Depot Planning District, Memphis.
How many listings are currently for sale in 2016 Lamar Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 2016 Lamar Avenue?
The average sales price for units in 2016 Lamar Avenue is $125,000 currently.

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