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3129 Choctaw Lane

3129 Choctaw Lane, Memphis, TN 38111
Sold Oct 26, 2020
$71,500
$53,625 by Renasant Bank
Mortgage Due Nov 01, 2050
Sold Aug 01, 2007
$64,000
3129 Choctaw Lane has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1940 and is 84 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3129 Choctaw Lane has 2,542 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,490 ft and across the front of the lot is 540 ft. The area measurement of the land has been determined as 8,046 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a cottage style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Oct 21, 2020 for $71,500. That's $28.13 per sqft. Prior to that sales transaction, the property was also sold in Jul 20, 2007 for $64,000. 3129 Choctaw Lane was last assessed in 2022. The total value of the property was assessed at $17,900. Specifically, the land the property is located on was valued at $1,000. While improvements on the property were assessed at a total of $16,900. 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 $1,090. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,046
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 540
  • Total Building Area: 2,542
  • Gross Building Area: 2,542
  • Building Area: 2,542
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,542
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: J F INMANHS CHOCTAW AVE
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • Legal Description 1: S S CHOCTAW

Ownership

  • Current Owner : VELAYO NATALIE
  • Previous Owner : PILOT REALTY INVESTMENTS LLC
  • Owner Before Previous Owner: H & J PROPERTIES LLC

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007000

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 04-5084-0-0012
  • Lot: 11
  • Municipality: MEMPHIS
  • Latitude: 35.1106
  • Longitude: -89.9581

    Address

  • Full Address: 3129 Choctaw Ave
  • Address - House Number: 3129
  • Address - Street Name: Choctaw
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C068
  • 4-Digit Zip Code: 3111
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,090

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 92,744
  • High Value: 134,924
  • Low Value: 50,563

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $53,625
  • First Open Lien Mortgage Lender: RENASANT BANK
  • First Open Lien Mortgage Recording Date: Oct 26, 2020
  • First Open Lien Mortgage Loan Amount: $53,625
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $71,600
  • Market Land Value: $4,000
  • Market Improvement Value: $67,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,900
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $16,900

    Sales

  • Current Sale Contract Date: Oct 21, 2020
  • Current Sale Recording Date: Oct 26, 2020
  • Current Sale Transaction ID: 11793409694
  • Current Sale Price: $71,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20117558
  • Previous Sale Recording Date: Aug 01, 2007
  • Previous Sale Contract Date: Jul 20, 2007
  • Previous Sale Amount: $64,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RENASANT BANK
  • First Mortgage Transaction Date: Oct 26, 2020
  • First Mortgage Loan Amount: $53,625
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Jackson - University Area



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Frequently Asked Questions

What neighborhood is 3129 Choctaw Lane located in?
The 3129 Choctaw Lane is a house located in the neighborhood of Messick Buntyn in Jackson - University Area, Memphis.
What is the average sales price for listings in 3129 Choctaw Lane?
The average sales price for units in 3129 Choctaw Lane is $0 currently.

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