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3195 Velmagi Street

3195 Velmagi Street, Memphis, TN 38128
Sold May 04, 2023
$209,900
$206,097 by United Wholesale Mortgage Llc
Mortgage Due May 01, 2053
Sold Jan 09, 2023
$108,501
3195 Velmagi Street in Memphis, TN was first built in 1965 and is 59 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 7 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. 3195 Velmagi Street has 1,592 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 750 ft and the linear feet between the front and back of the lot is 1,210. In total, the area measurement of the land is 10,890 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a carport. The garage is 400 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 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3195 Velmagi Street was last sold in Apr 28, 2023 for $209,900. According to our calculations, that's $131.85 per sqft. Prior to that sales transaction, the property was sold for $108,501 in Jan 3, 2023. Current property owners are expected to pay $1,870 in taxes per year. The property on 3195 Velmagi Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $30,700. To break that down further, the land itself was valued at $4,800. While improvements to the property were assessed at a total of $25,900. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or 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: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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
  • Garage Type: Carport
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,592
  • Gross Building Area: 1,592
  • Building Area: 1,592
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,592
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RALEIGH BARTLETT MEADOWS
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS VELMAGI ST

Ownership

  • Current Owner : WINTON SHANICKA
  • Previous Owner : REED JUSTIN MICHAEL
  • Owner Before Previous Owner: CHILDRESS E FRANKLIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020541

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 25-53
  • District: O
  • Parcel: 08-7064-0-0021
  • Block: E
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.2128
  • Longitude: -89.9073

    Address

  • Full Address: 3195 Velmagi St
  • Address - House Number: 3195
  • Address - Street Name: Velmagi
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C014
  • 4-Digit Zip Code: 4852
  • Zip Code: 38128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,870

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 188,343
  • High Value: 237,210
  • Low Value: 139,476

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $206,097
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 04, 2023
  • First Open Lien Mortgage Loan Amount: $206,097
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $122,800
  • Market Land Value: $19,200
  • Market Improvement Value: $103,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,700
  • Assessed Land Value: $4,800
  • Assessed Improvements Value: $25,900

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: May 04, 2023
  • Current Sale Transaction ID: 11906127546
  • Current Sale Price: $209,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 35684
  • Previous Sale Recording Date: Jan 09, 2023
  • Previous Sale Contract Date: Jan 03, 2023
  • Previous Sale Amount: $108,501
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: May 04, 2023
  • First Mortgage Loan Amount: $206,097
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2053

About Frayser - Raleigh PD



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Frequently Asked Questions

What neighborhood is 3195 Velmagi Street located in?
The 3195 Velmagi Street is a house located in the neighborhood of Raleigh-Ridge Park in Frayser - Raleigh PD, Memphis.
What is the average sales price for listings in 3195 Velmagi Street?
The average sales price for units in 3195 Velmagi Street is $0 currently.

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