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2959 Lark Road

2959 Lark Road, Memphis, TN 38108
Sold Feb 21, 2024
$80,000
$68,000 by Orion Federal Credit Union
Mortgage Due Mar 01, 2054
Sold Aug 03, 2022
$62,500
$50,000 by Teachers Federal Credit Union
Mortgage Due Aug 01, 2052
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Local assessors in Memphis, TN have categorized 2959 Lark Road as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 4,800 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2959 Lark Road has a total of 1,359 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. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 - D. The building has a hip style roof that was made of composition shingle. 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. 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, 2959 Lark Road sold most recently in Feb 7, 2024 for a total of $80,000. If you work out the math, that's approximately a cost of $58.87 per sqft. Before that, the property was also sold for $62,500 in Jul 27, 2022. 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 $749 in taxes each year. The initial year of tax delinquency occurred in 2019. 2959 Lark Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $12,300. If we break it down further, the land itself was valued at $875. Improvements to the property, however, were assessed at a total of $11,425. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Cottage
  • Roof Shape Type: Hip
  • 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: 4,800
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,359
  • Gross Building Area: 1,359
  • Building Area: 1,359
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,359
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BUNGALOW PARK
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS LARK AVENUE

Ownership

  • Current Owner : MARSHALL JEREMY
  • Previous Owner : HOSNY RANY
  • Owner Before Previous Owner: NMDC HOLDINGS LLC
  • Ownership Rights Codes: unknown
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jun 22, 2023

Neighborhood

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

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MB 8-198
  • District: O
  • Parcel: 04-3021-0-0004
  • Lot: 30
  • Municipality: MEMPHIS
  • Latitude: 35.1773
  • Longitude: -89.9615

    Address

  • Full Address: 2959 Lark Ave
  • Address - House Number: 2959
  • Address - Street Name: Lark
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C017
  • 4-Digit Zip Code: 1720
  • Zip Code: 38108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $749
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.459
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 8
  • Final Value: 36,474
  • High Value: 53,217
  • Low Value: 19,730

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $68,000
  • First Open Lien Mortgage Lender: ORION FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Feb 21, 2024
  • First Open Lien Mortgage Loan Amount: $68,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2054

    Market Valuation

  • Market Total Value: $49,200
  • Market Land Value: $3,500
  • Market Improvement Value: $45,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,300
  • Assessed Land Value: $875
  • Assessed Improvements Value: $11,425

    Sales

  • Current Sale Contract Date: Feb 07, 2024
  • Current Sale Recording Date: Feb 21, 2024
  • Current Sale Transaction ID: 11921269476
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 14426
  • Previous Sale Recording Date: Aug 03, 2022
  • Previous Sale Contract Date: Jul 27, 2022
  • Previous Sale Amount: $62,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ORION FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Feb 21, 2024
  • First Mortgage Loan Amount: $68,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Mar 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: TEACHERS FEDERAL CREDIT UNION
  • Previous Mortgage Transaction Date: Aug 03, 2022
  • Previous Mortgage Loan Amount: $50,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2052

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Frequently Asked Questions

What neighborhood is 2959 Lark Road located in?
The 2959 Lark Road is a located in the neighborhood of Douglas-Bungalow-Crump in Douglas-Bungalow-Crump, Memphis.
What is the average sales price for listings in 2959 Lark Road?
The average sales price for units in 2959 Lark Road is $0 currently.

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