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3515 Newberry Lane

3515 Newberry Lane, Memphis, TN 38115
Sold Apr 22, 2005
$92,400
$73,920 by Sebring Capital Partners Lp
Mortgage Due May 01, 2035
Local assessors in Memphis, TN have categorized 3515 Newberry Lane as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 4,267 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 430 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 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 are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3515 Newberry Lane has a total of 1,912 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 back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - D. The building has a gable style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Apr 14, 2005 for $92,400. That's $48.33 per sqft. 3515 Newberry Lane was last assessed in 2022. The total value of the property was assessed at $20,925. Specifically, the land the property is located on was valued at $3,250. While improvements on the property were assessed at a total of $17,675. 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 $1,275. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,267
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 430
  • Total Building Area: 1,912
  • Gross Building Area: 1,912
  • Building Area: 1,912
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,912
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEWBERRY
  • Land Acres: 0.098
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: WS NEWBERRY LN (PD)

Ownership

  • Current Owner : HERRON MELVIN L
  • Previous Owner : TODD SHIRLEY
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 010820

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 104-36
  • District: O
  • Parcel: 09-3421-G0-0003
  • Lot: 3
  • Municipality: MEMPHIS
  • Latitude: 35.0527
  • Longitude: -89.8702

    Address

  • Full Address: 3515 Newberry Ln
  • Address - House Number: 3515
  • Address - Street Name: Newberry
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C056
  • 4-Digit Zip Code: 3803
  • Zip Code: 38115

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,275

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 402,985
  • High Value: 586,266
  • Low Value: 219,703

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $92,400
  • First Open Lien Mortgage Lender: SEBRING CAPITAL PARTNERS LP
  • First Open Lien Mortgage Recording Date: Apr 22, 2005
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $73,920
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: May 01, 2035
  • Second Open Lien Mortgage Recording Date: Apr 22, 2005
  • Second Open Lien Mortgage Loan Amount: $18,480
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: May 01, 2035

    Market Valuation

  • Market Total Value: $83,700
  • Market Land Value: $13,000
  • Market Improvement Value: $70,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,925
  • Assessed Land Value: $3,250
  • Assessed Improvements Value: $17,675

    Sales

  • Current Sale Contract Date: Apr 14, 2005
  • Current Sale Recording Date: Apr 22, 2005
  • Current Sale Transaction ID: 1176177801
  • Current Sale Price: $92,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 05062975

    Last Sale Mortgage

  • First Mortgage Lender: SEBRING CAPITAL PARTNERS LP
  • First Mortgage Transaction Date: Apr 22, 2005
  • First Mortgage Loan Amount: $73,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: May 01, 2035
  • Second Mortgage Loan Amount: $18,480

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 3515 Newberry Lane located in?
The 3515 Newberry Lane is a located in the neighborhood of Southeast Memphis in Southeast Memphis, Memphis.
What is the average sales price for listings in 3515 Newberry Lane?
The average sales price for units in 3515 Newberry Lane is $0 currently.

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