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264 South Walnut Bend Road

264 South Walnut Bend Road, Cordova, TN 38018
Property in Shelby
264 South Walnut Bend Road has been categorized by the local assessors in Cordova, TN as a commercial type of property. The building on the property was first built in 1994 and is 30 years old. However, we must point out that the home was most recently renovated and altered in 2000. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 264 South Walnut Bend Road has 5,200 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 30,056 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing no heating system. 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, 264 South Walnut Bend Road sold most recently in Mar 30, 2023 for a total of $188,130. If you work out the math, that's approximately a cost of $36.18 per sqft. Before that, the property was also sold for $350,000 in Dec 29, 2017. 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 $10,002 in taxes each year. The initial year of tax delinquency occurred in 2021. 264 South Walnut Bend Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $164,200. If we break it down further, the land itself was valued at $40,600. Improvements to the property, however, were assessed at a total of $123,600. 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. 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.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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Lot Size Frontage Feet: 1,350
  • Total Building Area: 5,200
  • Gross Building Area: 5,200
  • Building Area: 5,200
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 5,200
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Subdivision: WALNUT BEND OFFICE CENTER & PT
  • Land Acres: 0.69
  • Standard Land Use Code: Day care, pre-school (commercial)
  • Legal Description 1: SS WALNUT BEND ROAD COR GERMAN CREEK RD (SE) WALNUT BEND OFFICE CENTER & PT GERMANTOWN STORAGE

Ownership

  • Current Owner : PROLIFIC901 PROPERTY MANAGEMENT LLC
  • Previous Owner : JOE YOUNG LARRY
  • Previous Owner 2: WILLIAMSON PATRICE
  • Owner Before Previous Owner: LAVENDER JAMES M
  • Owner Before Previous Owner 2: LAVENDER MAXINE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021140

Zoning

  • Zoning: RU-2

Geography

  • District: O
  • Parcel: 09-1110-0-0001C
  • Municipality: MEMPHIS
  • Latitude: 35.1227
  • Longitude: -89.7958

    Address

  • Full Address: 264 S Walnut Bend Rd
  • Address - House Number: 264
  • Street Direction: S
  • Address - Street Name: Walnut Bend
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Cordova
  • Carrier Code: R006
  • 4-Digit Zip Code: 7296
  • Zip Code: 38018

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,002
  • Intital Tax Deliquent Year: 2021

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $193,865
  • First Open Lien Mortgage Lender: FIRST HORIZON BANK
  • First Open Lien Mortgage Recording Date: Apr 03, 2023
  • First Open Lien Mortgage Loan Amount: $193,865
  • 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: Mar 30, 2028

    Market Valuation

  • Market Total Value: $410,500
  • Market Land Value: $101,500
  • Market Improvement Value: $309,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $164,200
  • Assessed Land Value: $40,600
  • Assessed Improvements Value: $123,600

    Sales

  • Current Sale Contract Date: Mar 30, 2023
  • Current Sale Recording Date: Apr 03, 2023
  • Current Sale Transaction ID: 11904533924
  • Current Sale Price: $188,130
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 26476
  • Previous Sale Recording Date: Jan 04, 2018
  • Previous Sale Contract Date: Dec 29, 2017
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HORIZON BANK
  • First Mortgage Transaction Date: Apr 03, 2023
  • First Mortgage Loan Amount: $193,865
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 30, 2028

    Previous Mortgages

  • Previous Mortgage Lender: PINNACLE BANK
  • Previous Mortgage Transaction Date: Jan 04, 2018
  • Previous Mortgage Loan Amount: $227,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 264 South Walnut Bend Road located in?
The 264 South Walnut Bend Road is a located in the neighborhood of Shelby in Memphis, Cordova.
What is the average sales price for listings in 264 South Walnut Bend Road?
The average sales price for units in 264 South Walnut Bend Road is $0 currently.

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