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3128 Faxon Avenue

3128 Faxon Avenue, Memphis, TN 38112
Sold Nov 13, 2020
$50,000
$40,000 by Paramount Residential Mortgage
Mortgage Due Dec 01, 2050
Sold Aug 18, 2020
$10,000
3128 Faxon Avenue in Memphis, TN was first built in 1940 and is 84 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a cottage 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 is only one bathroom. There is a 1 partial bathroom. 3128 Faxon Avenue has 1,055 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 1,400. In total, the area measurement of the land is 7,000 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a detached garage. The garage is 240 sqft. 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 an air conditioning type we are unsure of. As for heating, the home is utilizing a heating system and being fueled with gas. The property was last sold in Nov 9, 2020 for $50,000. That's $47.39 per sqft. Prior to that sales transaction, the property was also sold in Aug 14, 2020 for $10,000. 3128 Faxon Avenue was last assessed in 2022. The total value of the property was assessed at $11,500. Specifically, the land the property is located on was valued at $1,125. While improvements on the property were assessed at a total of $10,375. 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 $701. The initial tax year of delinquency was in 2021. 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. 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: 1940
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • 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: Detached
  • Garage Square Area: 240
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,055
  • Gross Building Area: 1,055
  • Building Area: 1,055
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Unsure
  • Heating: Yes
  • Heated Square Feet: 1,055
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HILLCREST
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KEELING MARCELL MORRIS
  • Previous Owner : PATHAN ZEENAN
  • Owner Before Previous Owner: CITY VISION NATIONAL REVITALIZATION LLC
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001400

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MB 6-75
  • District: O
  • Parcel: 05-2093-0-0014
  • Lot: 41
  • Municipality: MEMPHIS
  • Latitude: 35.1507
  • Longitude: -89.9567

    Address

  • Full Address: 3128 Faxon Ave
  • Address - House Number: 3128
  • Address - Street Name: Faxon
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C070
  • 4-Digit Zip Code: 2422
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $701
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 38,548
  • High Value: 56,079
  • Low Value: 21,016

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $40,000
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 13, 2020
  • First Open Lien Mortgage Loan Amount: $40,000
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $46,000
  • Market Land Value: $4,500
  • Market Improvement Value: $41,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,500
  • Assessed Land Value: $1,125
  • Assessed Improvements Value: $10,375

    Sales

  • Current Sale Contract Date: Nov 09, 2020
  • Current Sale Recording Date: Nov 13, 2020
  • Current Sale Transaction ID: 11798350123
  • Current Sale Price: $50,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20126401
  • Previous Sale Recording Date: Aug 18, 2020
  • Previous Sale Contract Date: Aug 14, 2020
  • Previous Sale Amount: $10,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Nov 13, 2020
  • First Mortgage Loan Amount: $40,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

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Nearby Rentals

Unit for rent at

$1,000 /mo

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

$850 /mo

  • 1 Bed
  • 1 Bath
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Unit for rent at

$915 /mo

  • 1 Bed
  • 1 Bath
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Unit for rent at

$915 /mo

  • 1 Bed
  • 1 Bath
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Unit for rent at

$995 /mo

  • 2 Beds
  • 1 Bath
  • 855 ft²
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Unit for rent at

$880 /mo

  • 2 Beds
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 3128 Faxon Avenue located in?
The 3128 Faxon Avenue is a house located in the neighborhood of Binghampton-Lester in Jackson - University Area, Memphis.
What is the average sales price for listings in 3128 Faxon Avenue?
The average sales price for units in 3128 Faxon Avenue is $49,999 currently.

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