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3250 Guernsey Avenue

3250 Guernsey Avenue, Memphis, TN 38112
Multifamily in Binghampton-Lester
Sold Jul 01, 2022
$900,000
$890,500 by Crestcore Financial Llc
Mortgage Due Aug 10, 2028
Sold Mar 22, 2018
$286,000
$186,000 by Sapient Providence Llc
Mortgage Due Apr 01, 2020
Local assessors in Memphis, TN have categorized 3250 Guernsey Avenue as a residential type of property. The home was built in 1964 and is 60 years old. The property's lot size has been calculated to be 24,873 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3250 Guernsey Avenue has a total of 13,232 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - E. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Jun 21, 2022 for $900,000. That's $68.02 per sqft. Prior to that sales transaction, the property was also sold in Mar 13, 2018 for $286,000. 3250 Guernsey Avenue was last assessed in 2022. The total value of the property was assessed at $116,240. Specifically, the land the property is located on was valued at $16,400. While improvements on the property were assessed at a total of $99,840. 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 $7,081. The initial tax year of delinquency was in 2022. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Poor
  • Building Quality: E
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Living Units: 18
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 24,873
  • Total Building Area: 13,232
  • Gross Building Area: 14,400
  • Building Area: 13,232
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 13,232
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DERMON RESUBD
  • Land Acres: 0.571
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: NS GUERNSEY AVE MAP PAGE DE-18 (TILE #343)

Ownership

  • Current Owner : WARDROBE LLC
  • Previous Owner : MEMPHIS CAPITAL INVESTMENT GROUP LLC
  • Owner Before Previous Owner: PROHIBITION LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001300

Zoning

  • Zoning: CMU-1

Geography

  • Assessors Map Reference: MB 14-24
  • District: O
  • Parcel: 03-8022-0-0017
  • Lot: PT2
  • Municipality: MEMPHIS
  • Latitude: 35.1586
  • Longitude: -89.9525

    Address

  • Full Address: 3250 Guernsey Ave
  • Address - House Number: 3250
  • Address - Street Name: Guernsey
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C070
  • 4-Digit Zip Code: 1510
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,081
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 474,847
  • High Value: 690,811
  • Low Value: 258,882

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $890,500
  • First Open Lien Mortgage Lender: CRESTCORE FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Aug 11, 2023
  • First Open Lien Mortgage Loan Amount: $890,500
  • 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: Aug 10, 2028

    Market Valuation

  • Market Total Value: $290,600
  • Market Land Value: $41,000
  • Market Improvement Value: $249,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $116,240
  • Assessed Land Value: $16,400
  • Assessed Improvements Value: $99,840

    Sales

  • Current Sale Contract Date: Jun 21, 2022
  • Current Sale Recording Date: Jul 01, 2022
  • Current Sale Transaction ID: 11891228561
  • Current Sale Price: $900,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 72861
  • Previous Sale Recording Date: Mar 22, 2018
  • Previous Sale Contract Date: Mar 13, 2018
  • Previous Sale Amount: $286,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CRESTCORE FINANCIAL LLC
  • First Mortgage Transaction Date: Jul 01, 2022
  • First Mortgage Loan Amount: $1,037,000
  • First Mortgage Terms: 5
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 10, 2023
  • Second Mortgage Loan Amount: $135,000

    Previous Mortgages

  • Previous Mortgage Lender: SAPIENT PROVIDENCE LLC
  • Previous Mortgage Transaction Date: Mar 22, 2018
  • Previous Mortgage Loan Amount: $186,000
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Apr 01, 2020

About Jackson - University Area



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Frequently Asked Questions

What neighborhood is 3250 Guernsey Avenue located in?
The 3250 Guernsey Avenue is a multifamily located in the neighborhood of Binghampton-Lester in Jackson - University Area, Memphis.
What is the average sales price for listings in 3250 Guernsey Avenue?
The average sales price for units in 3250 Guernsey Avenue is $0 currently.

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