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2240 Brower Street

2240 Brower Street, Memphis, TN 38104
Townhouse in East Midtown
Sold Sep 11, 2018
$159,000
$121,400 by Broker Solutions Inc
Mortgage Due Feb 01, 2051
Sold Nov 28, 2006
$145,000
$125,000 by Community Mortgage Corp
Mortgage Due Nov 01, 2036
2240 Brower Street in Memphis, TN was first built in 1983 and is 41 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 townhouse style. There are a total of 2 floors. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 2240 Brower Street has 1,302 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. In total, the area measurement of the land is 2,785 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. The exterior walls of the home are made of materials we are unsure of. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 2240 Brower Street sold most recently in Sep 7, 2018 for a total of $159,000. If you work out the math, that's approximately a cost of $122.12 per sqft. Before that, the property was also sold for $145,000 in Oct 27, 2006. 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 $2,257 in taxes each year. 2240 Brower Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $37,050. If we break it down further, the land itself was valued at $3,475. Improvements to the property, however, were assessed at a total of $33,575. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Townhouse
  • Exterior Walls Type: Other
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,785
  • Total Building Area: 1,302
  • Gross Building Area: 1,302
  • Building Area: 1,302
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,302
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LENOX SCHOOL TOWNHOUSE CONDOS
  • Land Acres: 0.064
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: 1/15INT IN COMMON AREA BREWERS LANDING

Ownership

  • Current Owner : FARRAR THOMAS
  • Current Owner 2: FARRAR ELIZABETH
  • Previous Owner : TAYLOR DENISE
  • Owner Before Previous Owner: PATTON MICHAEL C

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 003100

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MAP T53022
  • District: O
  • Parcel: 02-8021-B0-0010
  • Lot: MD
  • Municipality: MEMPHIS
  • Latitude: 35.1319
  • Longitude: -89.9872

    Address

  • Full Address: 2240 Brewers Lndg
  • Address - House Number: 2240
  • Address - Street Name: Brewers
  • Address - Suffix Type: Lndg
  • State: TN
  • City Name: Memphis
  • Carrier Code: C028
  • 4-Digit Zip Code: 4306
  • Zip Code: 38104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,257

    Appraisal Valuation

  • Standard Deviation: 0.2569
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 222,222
  • High Value: 279,317
  • Low Value: 165,127

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $121,400
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Apr 13, 2021
  • First Open Lien Mortgage Loan Amount: $121,400
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $148,200
  • Market Land Value: $13,900
  • Market Improvement Value: $134,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,050
  • Assessed Land Value: $3,475
  • Assessed Improvements Value: $33,575

    Sales

  • Current Sale Contract Date: Sep 07, 2018
  • Current Sale Recording Date: Sep 11, 2018
  • Current Sale Transaction ID: 11505861443
  • Current Sale Price: $159,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18093012
  • Previous Sale Recording Date: Nov 28, 2006
  • Previous Sale Contract Date: Oct 27, 2006
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Sep 11, 2018
  • First Mortgage Loan Amount: $119,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Oct 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Nov 28, 2006
  • Previous Mortgage Loan Amount: $125,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2036

About Midtown



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,350 /mo

  • 2 Beds
  • 1.5 Baths
  • 950 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 2240 Brower Street located in?
The 2240 Brower Street is a townhouse located in the neighborhood of East Midtown in Midtown, Memphis.
What is the average sales price for listings in 2240 Brower Street?
The average sales price for units in 2240 Brower Street is $0 currently.

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