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307 S Parkway East

307 S Parkway East, Memphis, TN 38106
Sold Nov 09, 2021
$105,000
$25,000 by Paragon Bank
Mortgage Due May 01, 2029
Sold Jul 24, 2013
$56,000
$33,600 by Shelby Holding Llc
Mortgage
Local assessors in Memphis, TN have categorized 307 S Parkway East as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 6,800 square feet. The linear feet between the front and back of the lot was measured at 1,360 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional 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 is one full bathroom. There is also a partial bathroom. 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 307 S Parkway East has a total of 1,008 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. 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 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. The property was last sold in Sep 5, 2021 for $105,000. That's $104.17 per sqft. Prior to that sales transaction, the property was also sold in Jul 16, 2013 for $56,000. 307 S Parkway East was last assessed in 2022. The total value of the property was assessed at $7,900. Specifically, the land the property is located on was valued at $750. While improvements on the property were assessed at a total of $7,150. 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 $481. 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. 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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • 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: 6,800
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,008
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CENTRAL LAND CO
  • Land Acres: 0.156
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEE MAP JK-6 SS SO PARKWAY E

Ownership

  • Current Owner : WHITAKER JACK
  • Previous Owner : SORROEIX INC
  • Owner Before Previous Owner: SHELBY HOLDINGS LLC
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag Date: Dec 04, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 005700

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 03-4001-0-0004
  • Block: 12
  • Lot: 3
  • Municipality: MEMPHIS
  • Latitude: 35.1072
  • Longitude: -90.0521

    Address

  • Full Address: 307 S Parkway E
  • Address - House Number: 307
  • Street Segment Direction: E
  • Street Direction: S
  • Address - Street Name: Parkway
  • State: TN
  • City Name: Memphis
  • Carrier Code: C028
  • 4-Digit Zip Code: 5355
  • Zip Code: 38106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $481

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 91,160
  • High Value: 115,273
  • Low Value: 67,046

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $25,000
  • First Open Lien Mortgage Lender: PARAGON BANK
  • First Open Lien Mortgage Recording Date: May 13, 2022
  • First Open Lien Mortgage Loan Amount: $25,000
  • First Open Lien Mortgage Term: 83
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2029

    Market Valuation

  • Market Total Value: $31,600
  • Market Land Value: $3,000
  • Market Improvement Value: $28,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,900
  • Assessed Land Value: $750
  • Assessed Improvements Value: $7,150

    Sales

  • Current Sale Contract Date: Sep 05, 2021
  • Current Sale Recording Date: Nov 09, 2021
  • Current Sale Transaction ID: 11864296223
  • Current Sale Price: $105,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 21140094
  • Previous Sale Recording Date: Jul 24, 2013
  • Previous Sale Contract Date: Jul 16, 2013
  • Previous Sale Amount: $56,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: SHELBY HOLDING LLC
  • Previous Mortgage Transaction Date: Jul 24, 2013
  • Previous Mortgage Loan Amount: $33,600
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About South Memphis Planning Dist



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Frequently Asked Questions

What neighborhood is 307 S Parkway East located in?
The 307 S Parkway East is a house located in the neighborhood of Concerned Citizens Network System, Inc in South Memphis Planning Dist, Memphis.
What is the average sales price for listings in 307 S Parkway East?
The average sales price for units in 307 S Parkway East is $0 currently.

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