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2951 Mount Olive Road

2951 Mount Olive Road, Memphis, TN 38108
2951 Mount Olive Road in Memphis, TN was first built in 1955 and is 69 years old. This has been categorized as a exempt property type. It is a single story home. 2951 Mount Olive Road has 2,000 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 400 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 4,800 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as poor. 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 no air conditioning. As for heating, the home is utilizing electric heaters and being fueled with electricity. 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, 2951 Mount Olive Road sold most recently in Oct 13, 1998 for a total of $23,000. If you work out the math, that's approximately a cost of $11.50 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 2951 Mount Olive Road was most recently assessed in 2022. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190113
01/13/2019
Studio
-
-
$170,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,000
  • Gross Building Area: 2,000
  • Building Area: 2,000
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Electric
  • Heated Square Feet: 2,000
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Exempt
  • Subdivision: BUNGALOW PARK
  • Land Acres: 0.11
  • Standard Land Use Code: Religious, church, worship
  • Legal Description 1: SS MT OLIVE

Ownership

  • Current Owner : LUSK EDDIE
  • Previous Owner : PARKER JAMES B
  • Previous Owner 2: PARKER L
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 011100

Zoning

  • Zoning: CMU-1

Geography

  • Assessors Map Reference: MB 8-198
  • District: O
  • Parcel: 04-3018-0-0002
  • Lot: 380
  • Municipality: MEMPHIS
  • Latitude: 35.175
  • Longitude: -89.9619

    Address

  • Full Address: 2951 Mount Olive Rd
  • Address - House Number: 2951
  • Address - Street Name: Mount Olive
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C017
  • 4-Digit Zip Code: 1724
  • Zip Code: 38108

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Market Valuation

  • Market Total Value: $66,800
  • Market Land Value: $5,400
  • Market Improvement Value: $61,400

    Assessments Valuation

  • Assessed Year: 2022

    Sales

  • Current Sale Contract Date: Oct 13, 1998
  • Current Sale Recording Date: Jan 27, 1999
  • Current Sale Transaction ID: 1176752823
  • Current Sale Price: $23,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: JB-9289

    Last Sale Mortgage

  • First Mortgage Lender: JAMES B PARKER
  • First Mortgage Transaction Date: Jan 27, 1999
  • First Mortgage Loan Amount: $18,000
  • First Mortgage Terms: 115
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: Sep 01, 2008

About Douglas-Bungalow-Crump



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Frequently Asked Questions

What neighborhood is 2951 Mount Olive Road located in?
The 2951 Mount Olive Road is a commercial located in the neighborhood of Douglas-Bungalow-Crump in Douglas-Bungalow-Crump, Memphis.
What is the average sales price for listings in 2951 Mount Olive Road?
The average sales price for units in 2951 Mount Olive Road is $0 currently.

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