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344 South Main Street

344 South Main Street, Memphis, TN 38103
Sold Aug 23, 2017
$915,000
$736,000 by Bancorpsouth Bank
Mortgage Due Dec 01, 2027
Sold Dec 31, 2013
$612,500
344 South Main Street in Memphis, TN was first built in 1915 and is 109 years old. Although, the building on the property was most recently renovated and altered in 1994. 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. There are a total of 2 floors. There are a total of 4 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 344 South Main Street has 6,160 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 380 ft and the linear feet between the front and back of the lot is 1,750. In total, the area measurement of the land is 6,650 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a shed style roof made of tar and gravel. The quality of the control joints have been graded by the local assessor with a letter grade of B. 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. 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, 344 South Main Street was last sold in Aug 22, 2017 for $915,000. According to our calculations, that's $148.54 per sqft. Prior to that sales transaction, the property was sold for $612,500 in Dec 27, 2013. Current property owners are expected to pay $14,484 in taxes per year. The property on 344 South Main Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $237,775. To break that down further, the land itself was valued at $22,750. While improvements to the property were assessed at a total of $215,025. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Shed
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,650
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 380
  • Total Building Area: 6,160
  • Gross Building Area: 6,160
  • Building Area: 6,160
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,160
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BLK 34
  • Land Acres: 0.153
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES MAIN TO MULBERRY 75FT S OF VANCE

Ownership

  • Current Owner : F L CRANE & SONS INC
  • Previous Owner : YAVAOPAIN INVESTMENTS CO LLC
  • Owner Before Previous Owner: SHARPE ELBERT L
  • Owner Before Previous Owner 2: LECHMAN PATRICIA ANN
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 004200

Zoning

  • Zoning: SM

Geography

  • District: O
  • Parcel: 00-2121-0-0003
  • Block: 34
  • Lot: 2
  • Municipality: MEMPHIS
  • Latitude: 35.1367
  • Longitude: -90.0569

    Address

  • Full Address: 344 S Main St
  • Address - House Number: 344
  • Street Direction: S
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C026
  • 4-Digit Zip Code: 4208
  • Zip Code: 38103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,484

    Appraisal Valuation

  • Standard Deviation: 0.1976
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 872,663
  • High Value: 1,045,108
  • Low Value: 700,218

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $736,000
  • First Open Lien Mortgage Lender: BANCORPSOUTH BANK
  • First Open Lien Mortgage Recording Date: Dec 13, 2017
  • First Open Lien Mortgage Loan Amount: $736,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2027

    Market Valuation

  • Market Total Value: $951,100
  • Market Land Value: $91,000
  • Market Improvement Value: $860,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $237,775
  • Assessed Land Value: $22,750
  • Assessed Improvements Value: $215,025

    Sales

  • Current Sale Contract Date: Aug 22, 2017
  • Current Sale Recording Date: Aug 23, 2017
  • Current Sale Transaction ID: 1732860828
  • Current Sale Price: $915,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17086341
  • Previous Sale Recording Date: Dec 31, 2013
  • Previous Sale Contract Date: Dec 27, 2013
  • Previous Sale Amount: $612,500
  • Previous Sale Document Type: Warranty Deed

About Downtown Memphis



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Frequently Asked Questions

What neighborhood is 344 South Main Street located in?
The 344 South Main Street is a house located in the neighborhood of South Main Historic District in Downtown Memphis, Memphis.
What is the average sales price for listings in 344 South Main Street?
The average sales price for units in 344 South Main Street is $0 currently.

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