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3402 Coleman Avenue

3402 Coleman Avenue, Memphis, TN 38122
Sold Apr 22, 2022
$230,000
$163,500 by Colonial National Mortgage
Mortgage Due May 01, 2052
Sold Oct 15, 2021
$226,000
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3402 Coleman Avenue 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 1919 and is 105 years old. However, we must point out that the home was most recently renovated and altered in 1960. The home comes with a single bedroom. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3402 Coleman Avenue has 2,399 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 1,500 ft and across the front of the lot is 730 ft. The area measurement of the land has been determined as 10,950 square feet.

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 both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system and being fueled with gas. 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, 3402 Coleman Avenue sold most recently in Apr 1, 2022 for a total of $230,000. If you work out the math, that's approximately a cost of $95.87 per sqft. Before that, the property was also sold for $226,000 in Oct 13, 2021. 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 $1,564 in taxes each year. 3402 Coleman Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $25,680. If we break it down further, the land itself was valued at $1,800. Improvements to the property, however, were assessed at a total of $23,880. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Living Units: 7
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,950
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 730
  • Total Building Area: 2,399
  • Gross Building Area: 2,633
  • Building Area: 2,399
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,399
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND HEIGHTS
  • Land Acres: 0.251
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: NS COLEMAN COR NATIONAL NE

Ownership

  • Current Owner : DUCOS CHLOE L
  • Current Owner 2: REA ANTHONY
  • Previous Owner : DAVIS ALLEN GROUP OF TENNESSEE LLC
  • Owner Before Previous Owner: HPM PROPERTIES LLC
  • Ownership Rights Codes: Tenants in Common

Neighborhood

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

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MB 4-118
  • District: O
  • Parcel: 03-8042-0-0030
  • Block: 12
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1561
  • Longitude: -89.9474

    Address

  • Full Address: 3402 Coleman Ave
  • Address - House Number: 3402
  • Address - Street Name: Coleman
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C081
  • 4-Digit Zip Code: 3373
  • Zip Code: 38122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,564

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 396,213
  • High Value: 576,414
  • Low Value: 216,011

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $163,500
  • First Open Lien Mortgage Lender: COLONIAL NATIONAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 22, 2022
  • First Open Lien Mortgage Loan Amount: $163,500
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $64,200
  • Market Land Value: $4,500
  • Market Improvement Value: $59,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,680
  • Assessed Land Value: $1,800
  • Assessed Improvements Value: $23,880

    Sales

  • Current Sale Contract Date: Apr 01, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Transaction ID: 11886397284
  • Current Sale Price: $230,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 45533
  • Previous Sale Recording Date: Oct 15, 2021
  • Previous Sale Contract Date: Oct 13, 2021
  • Previous Sale Amount: $226,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLONIAL NATIONAL MORTGAGE
  • First Mortgage Transaction Date: Apr 22, 2022
  • First Mortgage Loan Amount: $163,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

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Frequently Asked Questions

What neighborhood is 3402 Coleman Avenue located in?
The 3402 Coleman Avenue is a located in the neighborhood of Jackson - University Area in Jackson - University Area, Memphis.
What is the average sales price for listings in 3402 Coleman Avenue?
The average sales price for units in 3402 Coleman Avenue is $0 currently.

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