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3054 Lotus Road

3054 Lotus Road, Memphis, TN 38109
Local assessors in Memphis, TN have categorized 3054 Lotus Road as a type of property. The home was built in 1938 and is 88 years old. The property's lot size has been calculated to be 26,896 square feet. The linear feet between the front and back of the lot was measured at 3,280 ft and the front of the lot was measured at 820 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a . 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 is one full bathroom. There is also a partial bathroom. This is a 100 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 3054 Lotus Road has a total of 1,164 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 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 . 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 - . The building has a style roof that was made of . Lots of were used in the construction of the exterior walls of the home. Residents rely on for their cooling system. The home's is the primary heating source and it is being fueled with . The property was last sold in Mar 31, 2023 for $33,900. That's $29.12 per sqft. Prior to that sales transaction, the property was also sold in Jun 24, 2013 for $171,638. 3054 Lotus Road was last assessed in 2022. The total value of the property was assessed at $5,525. Specifically, the land the property is located on was valued at $1,525. While improvements on the property were assessed at a total of $4,000. 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 $33,656. 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! 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20230303
03/03/2023
2 Bed
1 Bath
-
$33,900
bedrooms
2 Bed
bathrooms
1 Bath
-
-
Lowell Brister
Leco Realty, Inc.


Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,896
  • Lot Size Depth Feet: 3,280
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,164
  • Gross Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 7
  • Heating: 24
  • Heated Square Feet: 1,164
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELMONT
  • Land Acres: 0000000617
  • Standard Land Use Code: 1001
  • County Land Use Code: 062

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 022220

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 07-5005-0-0030
  • Lot: 60
  • Municipality: MEMPHIS
  • Latitude: 35.0652
  • Longitude: -90.0646

    Address

  • Full Address: 3054 Lotus Rd
  • Address - House Number: 3054
  • Address - Street Name: Lotus
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C095
  • 4-Digit Zip Code: 7929
  • Zip Code: 38109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $33,656

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 381,590
  • High Value: 555,140
  • Low Value: 208,039

    Market Valuation

  • Market Total Value: $22,100
  • Market Land Value: $6,100
  • Market Improvement Value: $16,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,525
  • Assessed Land Value: $1,525
  • Assessed Improvements Value: $4,000

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 12, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28592
  • Previous Sale Recording Date: Jul 11, 2013
  • Previous Sale Contract Date: Jun 24, 2013
  • Previous Sale Amount: $171,638
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About South Memphis Planning Dist



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Frequently Asked Questions

What neighborhood is 3054 Lotus Road located in?
The 3054 Lotus Road is a house located in the neighborhood of Barton Heights Neighborhood Watch in South Memphis Planning Dist, Memphis.
What is the average sales price for listings in 3054 Lotus Road?
The average sales price for units in 3054 Lotus Road is $0 currently.