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242 Eastland Drive

242 Eastland Drive, Memphis, TN 38111
Sold Oct 22, 2021
$220,000
$165,000 by Patriot Bank
Mortgage Due Nov 01, 2051
242 Eastland Drive 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, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 242 Eastland Drive has 1,389 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 750 ft and the linear feet between the front and back of the lot is 1,300. In total, the area measurement of the land is 9,750 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. For those who need parking, there is a detached garage. The garage is 288 sqft. 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. 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. The property was last sold in Oct 19, 2021 for $220,000. That's $158.39 per sqft. 242 Eastland Drive was last assessed in 2022. The total value of the property was assessed at $68,000. Specifically, the land the property is located on was valued at $20,325. While improvements on the property were assessed at a total of $47,675. 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 $4,142. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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

Parking

Garage Parking
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: 2
  • 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 Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 288
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,750
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,389
  • Gross Building Area: 1,389
  • Building Area: 1,389
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,389
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TWIN WILLOWS
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES EASTLAND DRIVE

Ownership

  • Current Owner : BRITT JEFFREY W
  • Previous Owner : PEELER GEORGE W
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002900

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-4125-0-0044
  • Lot: 29
  • Municipality: MEMPHIS
  • Latitude: 35.1383
  • Longitude: -89.9326

    Address

  • Full Address: 242 Eastland Dr
  • Address - House Number: 242
  • Address - Street Name: Eastland
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C065
  • 4-Digit Zip Code: 6933
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,142

    Appraisal Valuation

  • Standard Deviation: 0.2584
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 303,786
  • High Value: 382,312
  • Low Value: 225,260

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $165,000
  • First Open Lien Mortgage Lender: PATRIOT BANK
  • First Open Lien Mortgage Recording Date: Oct 22, 2021
  • First Open Lien Mortgage Loan Amount: $165,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $272,000
  • Market Land Value: $81,300
  • Market Improvement Value: $190,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,000
  • Assessed Land Value: $20,325
  • Assessed Improvements Value: $47,675

    Sales

  • Current Sale Contract Date: Oct 19, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Transaction ID: 11860455328
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21132978

    Last Sale Mortgage

  • First Mortgage Lender: PATRIOT BANK
  • First Mortgage Transaction Date: Oct 22, 2021
  • First Mortgage Loan Amount: $165,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

About Hedgemoor Civic Club



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Nearby Rentals

Unit for rent at 435 N Highland #1, Memphis, TN, 38122

$1,425 /mo

  • 3 Beds
  • 3 Baths
  • 1,579 ft²
435 N Highland #1 #435 N Highland #1, Memphis, TN, 38122 Listing by Manager

Frequently Asked Questions

What neighborhood is 242 Eastland Drive located in?
The 242 Eastland Drive is a located in the neighborhood of Hedgemoor Civic Club in Hedgemoor Civic Club, Memphis.
What is the average sales price for listings in 242 Eastland Drive?
The average sales price for units in 242 Eastland Drive is $0 currently.

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