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3118 Dothan Street

3118 Dothan Street, Memphis, TN 38118
Sold Nov 03, 2022
$70,000
$1,891,101 by Independent Bank
Mortgage Due Feb 24, 2028
Sold Feb 27, 2019
$50,500
3118 Dothan Street in Memphis, TN was first built in 1966 and is 58 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 traditional style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 3118 Dothan Street has 1,418 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 880 ft and the linear feet between the front and back of the lot is 1,310. In total, the area measurement of the land is 8,677 square feet.

Learn more about the property and building on this page. There is a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of composition shingle. For those who need parking, there is a carport. The garage is 220 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of A. 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 central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 3118 Dothan Street sold most recently in Oct 28, 2022 for a total of $70,000. If you work out the math, that's approximately a cost of $49.37 per sqft. Before that, the property was also sold for $50,500 in Feb 7, 2019. 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 $1,930 in taxes each year. The initial year of tax delinquency occurred in 2020. 3118 Dothan Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $31,675. If we break it down further, the land itself was valued at $4,500. Improvements to the property, however, were assessed at a total of $27,175. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: A
  • 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
  • Garage Type: Carport
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,677
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 880
  • Total Building Area: 1,418
  • Gross Building Area: 1,418
  • Building Area: 1,418
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,418
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MENDENHALL ESTATES
  • Land Acres: 0.199
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GOLDSTAR HOMES LLC
  • Previous Owner : TORRES ALBERTO SALVADOR
  • Owner Before Previous Owner: WILMINGTON SAVINGS FUND SOCIETY FSB
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 010710

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 07-4070-0-0022
  • Block: B
  • Lot: 148
  • Municipality: MEMPHIS
  • Latitude: 35.0634
  • Longitude: -89.89

    Address

  • Full Address: 3118 Dothan St
  • Address - House Number: 3118
  • Address - Street Name: Dothan
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C080
  • 4-Digit Zip Code: 3510
  • Zip Code: 38118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,930
  • Intital Tax Deliquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 48,873
  • High Value: 71,100
  • Low Value: 26,645

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,891,101
  • First Open Lien Mortgage Lender: INDEPENDENT BANK
  • First Open Lien Mortgage Recording Date: Mar 13, 2023
  • First Open Lien Mortgage Loan Amount: $1,891,101
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 24, 2028

    Market Valuation

  • Market Total Value: $126,700
  • Market Land Value: $18,000
  • Market Improvement Value: $108,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,675
  • Assessed Land Value: $4,500
  • Assessed Improvements Value: $27,175

    Sales

  • Current Sale Contract Date: Oct 28, 2022
  • Current Sale Recording Date: Nov 03, 2022
  • Current Sale Transaction ID: 11898238097
  • Current Sale Price: $70,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 121619
  • Previous Sale Recording Date: Feb 27, 2019
  • Previous Sale Contract Date: Feb 07, 2019
  • Previous Sale Amount: $50,500
  • Previous Sale Document Type: Special Warranty Deed

About Mendenhall Estates



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Nearby Rentals

Unit for rent at

$1,495 /mo

  • 3 Beds
  • 2 Baths
  • 1,448 ft²
Listing by Manager
Unit for rent at

$1,495 /mo

  • 3 Beds
  • 1 Bath
  • 1,178 ft²
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Unit for rent at

$1,425 /mo

  • 3 Beds
  • 1 Bath
  • 1,100 ft²
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Unit for rent at

$1,295 /mo

  • 3 Beds
  • 1 Bath
  • 1,122 ft²
Listing by Manager
Unit for rent at

$1,295 /mo

  • 3 Beds
  • 1 Bath
  • 1,101 ft²
Listing by Manager
Unit for rent at

$1,295 /mo

  • 3 Beds
  • 1.5 Baths
  • 1,040 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 3118 Dothan Street located in?
The 3118 Dothan Street is a house located in the neighborhood of Mendenhall Estates in Mendenhall Estates, Memphis.
What is the average sales price for listings in 3118 Dothan Street?
The average sales price for units in 3118 Dothan Street is $0 currently.

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