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2259 Alameda Cove

2259 Alameda Cove, Memphis, TN 38108
Sold Jun 29, 2022
$125,000
$93,750 by Guaranty Bank And Trust Compan
Mortgage Due Jun 28, 2027
Sold Sep 28, 2021
$220,000
$22,000 by Strandco Development Services
Mortgage
2259 Alameda Cove in Memphis, TN was first built in 1950 and is 74 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 traditional style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2259 Alameda Cove has 1,123 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 390 ft and the linear feet between the front and back of the lot is 1,310. In total, the area measurement of the land is 5,109 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. As for heating, the home is utilizing a forced air unit 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, 2259 Alameda Cove sold most recently in Jun 28, 2022 for a total of $125,000. If you work out the math, that's approximately a cost of $111.31 per sqft. Before that, the property was also sold for $220,000 in Sep 23, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,296 in taxes each year. 2259 Alameda Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $15,575. If we break it down further, the land itself was valued at $1,375. Improvements to the property, however, were assessed at a total of $14,200. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • 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: 5,109
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 390
  • Total Building Area: 1,123
  • Gross Building Area: 1,123
  • Building Area: 1,123
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,123
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOE SHANKMANS PALMER HILLS 2ND ADDN
  • Land Acres: 0.117
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS ALAMEDA TO L&N RR

Ownership

  • Current Owner : OSBORNE CARLTON
  • Current Owner 2: OSBORNE GERTRUDE
  • Previous Owner : STRANDCO DEVELOPMENT SERVICES LLC
  • Owner Before Previous Owner: PEARSON JAMES D
  • Owner Before Previous Owner 2: JDP 401K TRUST
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 000900

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 13-3
  • District: O
  • Parcel: 04-2042-0-0008
  • Lot: 51
  • Municipality: MEMPHIS
  • Latitude: 35.1627
  • Longitude: -89.9824

    Address

  • Full Address: 2259 Alameda Cv
  • Address - House Number: 2259
  • Address - Street Name: Alameda
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C008
  • 4-Digit Zip Code: 3053
  • Zip Code: 38108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,296

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 403,472
  • High Value: 586,974
  • Low Value: 219,969

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $93,750
  • First Open Lien Mortgage Lender: GUARANTY BANK AND TRUST COMPAN
  • First Open Lien Mortgage Recording Date: Jun 29, 2022
  • First Open Lien Mortgage Loan Amount: $93,750
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 28, 2027

    Market Valuation

  • Market Total Value: $62,300
  • Market Land Value: $5,500
  • Market Improvement Value: $56,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,575
  • Assessed Land Value: $1,375
  • Assessed Improvements Value: $14,200

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Transaction ID: 11891081795
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 71887
  • Previous Sale Recording Date: Sep 28, 2021
  • Previous Sale Contract Date: Sep 23, 2021
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTY BANK AND TRUST COMPAN
  • First Mortgage Transaction Date: Jun 29, 2022
  • First Mortgage Loan Amount: $93,750
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 28, 2027

    Previous Mortgages

  • Previous Mortgage Lender: STRANDCO DEVELOPMENT SERVICES
  • Previous Mortgage Transaction Date: Sep 28, 2021
  • Previous Mortgage Loan Amount: $22,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 2259 Alameda Cove located in?
The 2259 Alameda Cove is a located in the neighborhood of Rhodes Hollywood Springdale Partnership in Midtown, Memphis.
What is the average sales price for listings in 2259 Alameda Cove?
The average sales price for units in 2259 Alameda Cove is $0 currently.

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