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2805 Lombardy Avenue

2805 Lombardy Avenue, Memphis, TN 38111
Property in Fenwick Road
Sold Jan 07, 2020
$650,000
$484,350 by Capstar Bank
Mortgage Due Feb 01, 2050
Sold Jul 14, 2016
$700,000
$490,000 by Us Bank Na
Mortgage Due Aug 01, 2046
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Local assessors in Memphis, TN have categorized 2805 Lombardy Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 25,000 square feet. The linear feet between the front and back of the lot was measured at 2,500 ft and the front of the lot was measured at 1,000 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 3 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 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2805 Lombardy Avenue has a total of 4,575 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 902 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - B. The building has a gable style roof that was made of composition shingle. 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 central 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. 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, 2805 Lombardy Avenue sold most recently in Jan 6, 2020 for a total of $650,000. If you work out the math, that's approximately a cost of $142.08 per sqft. Before that, the property was also sold for $700,000 in Jun 23, 2016. 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 $10,170 in taxes each year. 2805 Lombardy Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $166,950. If we break it down further, the land itself was valued at $67,925. Improvements to the property, however, were assessed at a total of $99,025. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Colonial
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 902
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 25,000
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,575
  • Gross Building Area: 4,575
  • Building Area: 4,575
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,575
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOMBARDY PLACE
  • Land Acres: 0.574
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS LOMBARDY

Ownership

  • Current Owner : LEWIS ANTHONY
  • Current Owner 2: LEWIS SALLY
  • Previous Owner : FOWLER CHAD E
  • Previous Owner 2: FOWLER KELLY J
  • Owner Before Previous Owner: ODOM BARRY
  • Owner Before Previous Owner 2: ODOM TRITIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007100

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 8-6
  • District: O
  • Parcel: 04-5047-0-0009
  • Lot: 15
  • Municipality: MEMPHIS
  • Latitude: 35.1251
  • Longitude: -89.9682

    Address

  • Full Address: 2805 Lombardy Ave
  • Address - House Number: 2805
  • Address - Street Name: Lombardy
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C084
  • 4-Digit Zip Code: 1901
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,170

    Appraisal Valuation

  • Standard Deviation: 0.2281
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 799,569
  • High Value: 981,988
  • Low Value: 617,150

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,032,600
  • First Open Lien Mortgage Lender: CAPSTAR BANK
  • First Open Lien Mortgage Recording Date: Jan 07, 2020
  • First Open Lien Mortgage Loan Amount: $484,350
  • 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: Feb 01, 2050
  • Second Open Lien Mortgage Lender: ZILLOW HOME LOANS LLC
  • Second Open Lien Mortgage Recording Date: Apr 20, 2021
  • Second Open Lien Mortgage Loan Amount: $548,250
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $667,800
  • Market Land Value: $271,700
  • Market Improvement Value: $396,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $166,950
  • Assessed Land Value: $67,925
  • Assessed Improvements Value: $99,025

    Sales

  • Current Sale Contract Date: Jan 06, 2020
  • Current Sale Recording Date: Jan 07, 2020
  • Current Sale Transaction ID: 11713231015
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20002166
  • Previous Sale Recording Date: Jul 14, 2016
  • Previous Sale Contract Date: Jun 23, 2016
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CAPSTAR BANK
  • First Mortgage Transaction Date: Jan 07, 2020
  • First Mortgage Loan Amount: $484,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Jul 14, 2016
  • Previous Mortgage Loan Amount: $490,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2046

About Depot Planning District



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Frequently Asked Questions

What neighborhood is 2805 Lombardy Avenue located in?
The 2805 Lombardy Avenue is a located in the neighborhood of Fenwick Road in Depot Planning District, Memphis.
What is the average sales price for listings in 2805 Lombardy Avenue?
The average sales price for units in 2805 Lombardy Avenue is $0 currently.

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