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2308 Nelson Avenue

2308 Nelson Avenue, Memphis, TN 38104
Sold Mar 16, 2020
$265,000
$238,500 by Patriot Bank
Mortgage Due Apr 01, 2050
Sold Feb 02, 2017
$172,000
$137,600 by Evolve Bank & Trust
Mortgage Due Feb 01, 2047
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2308 Nelson Avenue has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1923 and is 101 years old. However, we must point out that the home was most recently renovated and altered in 1998. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2308 Nelson Avenue has 1,583 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,350 ft and across the front of the lot is 450 ft. The area measurement of the land has been determined as 6,075 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Mar 5, 2020 for $265,000. That's $167.40 per sqft. Prior to that sales transaction, the property was also sold in Jan 30, 2017 for $172,000. 2308 Nelson Avenue was last assessed in 2022. The total value of the property was assessed at $68,150. Specifically, the land the property is located on was valued at $10,200. While improvements on the property were assessed at a total of $57,950. 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 $4,151. 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. 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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Bungalow
  • Exterior Walls Type: Brick veneer
  • 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: 6,075
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,583
  • Gross Building Area: 1,583
  • Building Area: 1,583
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,583
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHANDLERS PARKVIEW S/D
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS NELSON

Ownership

  • Current Owner : BROWN MICHAEL T
  • Current Owner 2: SCHAFFER REBECCA A
  • Previous Owner : CARTER BENJAMIN J
  • Owner Before Previous Owner: BAILEY ANDREA M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 006600

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 02-9010-0-0024
  • Lot: 7
  • Municipality: MEMPHIS
  • Latitude: 35.122
  • Longitude: -89.9851

    Address

  • Full Address: 2308 Nelson Ave
  • Address - House Number: 2308
  • Address - Street Name: Nelson
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C030
  • 4-Digit Zip Code: 5700
  • Zip Code: 38104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,151

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 327,136
  • High Value: 406,255
  • Low Value: 248,016

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $238,500
  • First Open Lien Mortgage Lender: PATRIOT BANK
  • First Open Lien Mortgage Recording Date: Mar 16, 2020
  • First Open Lien Mortgage Loan Amount: $238,500
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $272,600
  • Market Land Value: $40,800
  • Market Improvement Value: $231,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,150
  • Assessed Land Value: $10,200
  • Assessed Improvements Value: $57,950

    Sales

  • Current Sale Contract Date: Mar 05, 2020
  • Current Sale Recording Date: Mar 16, 2020
  • Current Sale Transaction ID: 11747127785
  • Current Sale Price: $265,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20027905
  • Previous Sale Recording Date: Feb 02, 2017
  • Previous Sale Contract Date: Jan 30, 2017
  • Previous Sale Amount: $172,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PATRIOT BANK
  • First Mortgage Transaction Date: Mar 16, 2020
  • First Mortgage Loan Amount: $238,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: EVOLVE BANK & TRUST
  • Previous Mortgage Transaction Date: Feb 02, 2017
  • Previous Mortgage Loan Amount: $137,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2047

About Depot Planning District



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$5,000 /mo

  • 5 Beds
  • 3 Baths
  • 2,620 ft²
Listing by Sarah Frost

Frequently Asked Questions

What neighborhood is 2308 Nelson Avenue located in?
The 2308 Nelson Avenue is a house located in the neighborhood of Cooper Young in Depot Planning District, Memphis.
What is the average sales price for listings in 2308 Nelson Avenue?
The average sales price for units in 2308 Nelson Avenue is $268,000 currently.

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