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3107 Yale Road

3107 Yale Road, Memphis, TN 38112
Multifamily in Binghampton-Lester
Sold Apr 19, 2021
$135,000
$101,250 by Security National Mortgage Co
Mortgage Due May 01, 2051
Sold Jun 27, 2019
$25,000
3107 Yale Road in Memphis, TN was first built in 1962 and is 62 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 3107 Yale Road has 1,560 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 500 ft and the linear feet between the front and back of the lot is 1,620. In total, the area measurement of the land is 8,100 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. 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 a window/unit air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. The property was last sold in Apr 9, 2021 for $135,000. That's $86.54 per sqft. Prior to that sales transaction, the property was also sold in Jun 21, 2019 for $25,000. 3107 Yale Road was last assessed in 2022. The total value of the property was assessed at $17,680. Specifically, the land the property is located on was valued at $2,400. While improvements on the property were assessed at a total of $15,280. 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 $1,077. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Colonial
  • Exterior Walls Type: Brick veneer
  • 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: 8,100
  • Lot Size Depth Feet: 1,620
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,560
  • Gross Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,560
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AMALIA
  • Land Acres: 0.186
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SS YALE AVE

Ownership

  • Current Owner : STECKLAIR JENNIFER
  • Current Owner 2: STECKLAIR WESTON
  • Previous Owner : JRP PROPERTIES GP
  • Owner Before Previous Owner: GHOLSON GEORGE
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002800

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-4006-0-0013
  • Lot: 8
  • Municipality: MEMPHIS
  • Latitude: 35.1426
  • Longitude: -89.9577

    Address

  • Full Address: 3107 Yale Ave
  • Address - House Number: 3107
  • Address - Street Name: Yale
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C077
  • 4-Digit Zip Code: 3629
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,077

    Appraisal Valuation

  • Standard Deviation: 0.2644
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 134,884
  • High Value: 170,549
  • Low Value: 99,219

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $101,250
  • First Open Lien Mortgage Lender: SECURITY NATIONAL MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Apr 19, 2021
  • First Open Lien Mortgage Loan Amount: $101,250
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $44,200
  • Market Land Value: $6,000
  • Market Improvement Value: $38,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,680
  • Assessed Land Value: $2,400
  • Assessed Improvements Value: $15,280

    Sales

  • Current Sale Contract Date: Apr 09, 2021
  • Current Sale Recording Date: Apr 19, 2021
  • Current Sale Transaction ID: 11830854134
  • Current Sale Price: $135,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21046017
  • Previous Sale Recording Date: Jun 27, 2019
  • Previous Sale Contract Date: Jun 21, 2019
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SECURITY NATIONAL MORTGAGE CO
  • First Mortgage Transaction Date: Apr 19, 2021
  • First Mortgage Loan Amount: $101,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

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Frequently Asked Questions

What neighborhood is 3107 Yale Road located in?
The 3107 Yale Road is a multifamily located in the neighborhood of Binghampton-Lester in Jackson - University Area, Memphis.
What is the average sales price for listings in 3107 Yale Road?
The average sales price for units in 3107 Yale Road is $0 currently.

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