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2271 Airways Boulevard

2271 Airways Boulevard, Memphis, TN 38114
Sold Nov 03, 2023
$3,560,000
$4,710,621 by Futures Financial Llc
Mortgage Due May 01, 2025
Sold Apr 13, 2021
$3,470,000
Local assessors in Memphis, TN have categorized 2271 Airways Boulevard as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 380,513 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 15 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 13 full bathrooms. There are also 14 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 2271 Airways Boulevard has a total of 79,113 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 a unknown so you'll have a great option in the front of the home. 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 wood 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 - C. Lots of brick veneer 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 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. The property was last sold in Oct 30, 2023 for $3,560,000. That's $45.00 per sqft. Prior to that sales transaction, the property was also sold in Mar 31, 2021 for $3,470,000. 2271 Airways Boulevard was last assessed in 2022. The total value of the property was assessed at $715,640. Specifically, the land the property is located on was valued at $304,400. While improvements on the property were assessed at a total of $411,240. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $43,594. The initial tax year of delinquency was in 2021. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 10
  • Bedroom Count: 15
  • Bathroom Count: 14
  • Full Bathrooms: 13
  • Partial Bathrooms: 14
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Townhouse
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Living Units: 10
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 380,513
  • Total Building Area: 79,113
  • Gross Building Area: 81,719
  • Building Area: 79,113
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 79,113
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALODEX
  • Land Acres: 8.735
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: NS BALL COR AIRWAYS BLVD NE SEE MAP GRID# 165 L

Ownership

  • Current Owner : CRANE MANOR LLC
  • Previous Owner : DISTINCT REAL ESTATE USA 2 LP
  • Owner Before Previous Owner: CRANE MANOR APARTMENTS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007810

Zoning

  • Zoning: CMU-1

Geography

  • Assessors Map Reference: MB 041-066
  • District: O
  • Parcel: 06-0092-0-0020C
  • Lot: 2
  • Municipality: MEMPHIS
  • Latitude: 35.0823
  • Longitude: -89.987

    Address

  • Full Address: 2271 Airways Blvd
  • Address - House Number: 2271
  • Address - Street Name: Airways
  • Address - Suffix Type: Blvd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C056
  • 4-Digit Zip Code: 6170
  • Zip Code: 38114

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $43,594
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 995,311
  • High Value: 1,447,987
  • Low Value: 542,634

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,710,621
  • First Open Lien Mortgage Lender: FUTURES FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Nov 03, 2023
  • First Open Lien Mortgage Loan Amount: $4,710,621
  • First Open Lien Mortgage Term: 17
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: May 01, 2025

    Market Valuation

  • Market Total Value: $1,789,100
  • Market Land Value: $761,000
  • Market Improvement Value: $1,028,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $715,640
  • Assessed Land Value: $304,400
  • Assessed Improvements Value: $411,240

    Sales

  • Current Sale Contract Date: Oct 30, 2023
  • Current Sale Recording Date: Nov 03, 2023
  • Current Sale Transaction ID: 11915476548
  • Current Sale Price: $3,560,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 94800
  • Previous Sale Recording Date: Apr 13, 2021
  • Previous Sale Contract Date: Mar 31, 2021
  • Previous Sale Amount: $3,470,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FUTURES FINANCIAL LLC
  • First Mortgage Transaction Date: Nov 03, 2023
  • First Mortgage Loan Amount: $4,710,621
  • First Mortgage Terms: 17
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: May 01, 2025

About Depot Planning District



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Frequently Asked Questions

What neighborhood is 2271 Airways Boulevard located in?
The 2271 Airways Boulevard is a located in the neighborhood of Memphis Defense Depot in Depot Planning District, Memphis.
What is the average sales price for listings in 2271 Airways Boulevard?
The average sales price for units in 2271 Airways Boulevard is $0 currently.

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