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3520 Philwood Avenue

3520 Philwood Avenue, Memphis, TN 38122
House in Shelby
Sold Dec 18, 2020
$249,900
$224,910 by Independent Bank
Mortgage Due Jan 01, 2051
Sold Mar 06, 2019
$209,000
$205,214 by Community Mortgage Corp
Mortgage Due Mar 01, 2049
Local assessors in Memphis, TN have categorized 3520 Philwood Avenue as a residential type of property. The home was built in 1942 and is 82 years old. It was most recently renovated and altered in 1960. The property's lot size has been calculated to be 8,899 square feet. The linear feet between the front and back of the lot was measured at 1,270 ft and the front of the lot was measured at 700 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 6 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 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 3520 Philwood Avenue has a total of 1,394 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 200 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and 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 and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 3520 Philwood Avenue was last sold in Dec 17, 2020 for $249,900. According to our calculations, that's $114.01 per sqft. Prior to that sales transaction, the property was sold for $209,000 in Feb 28, 2019. Current property owners are expected to pay $3,838 in taxes per year. The property on 3520 Philwood Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $63,000. To break that down further, the land itself was valued at $12,075. While improvements to the property were assessed at a total of $50,925. 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. 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. 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

Driveway

Driveway

Parking

Garage Parking
Gated Parking
Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • 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: Detached
  • Garage Square Area: 200
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,899
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,192
  • Gross Building Area: 2,192
  • Building Area: 1,394
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,394
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHANDLERS GREENLAWN 1ST ADDN
  • Land Acres: 0.204
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS PHILWOOD

Ownership

  • Current Owner : VENEGAS MARTINEZ KARLA M
  • Current Owner 2: BIERBOWER MATTHEW S
  • Previous Owner : HARLAN CHAD MICHAEL
  • Previous Owner 2: HARLAN RHONDA
  • Owner Before Previous Owner: NANCE JUSTIN M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002900

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 10-37
  • District: O
  • Parcel: 04-4084-0-0029
  • Lot: 10
  • Municipality: MEMPHIS
  • Latitude: 35.1455
  • Longitude: -89.9438

    Address

  • Full Address: 3520 Philwood Ave
  • Address - House Number: 3520
  • Address - Street Name: Philwood
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C073
  • 4-Digit Zip Code: 4556
  • Zip Code: 38122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,838

    Appraisal Valuation

  • Standard Deviation: 0.212
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 328,526
  • High Value: 398,180
  • Low Value: 258,871

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $284,910
  • First Open Lien Mortgage Lender: INDEPENDENT BANK
  • First Open Lien Mortgage Recording Date: Dec 18, 2020
  • First Open Lien Mortgage Loan Amount: $224,910
  • 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: Jan 01, 2051
  • Second Open Lien Mortgage Lender: FIRST SOUTH FINANCIAL CREDIT U
  • Second Open Lien Mortgage Recording Date: Oct 13, 2022
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $60,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 26, 2042

    Market Valuation

  • Market Total Value: $252,000
  • Market Land Value: $48,300
  • Market Improvement Value: $203,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,000
  • Assessed Land Value: $12,075
  • Assessed Improvements Value: $50,925

    Sales

  • Current Sale Contract Date: Dec 17, 2020
  • Current Sale Recording Date: Dec 18, 2020
  • Current Sale Transaction ID: 11807626071
  • Current Sale Price: $249,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20141364
  • Previous Sale Recording Date: Mar 06, 2019
  • Previous Sale Contract Date: Feb 28, 2019
  • Previous Sale Amount: $209,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INDEPENDENT BANK
  • First Mortgage Transaction Date: Dec 18, 2020
  • First Mortgage Loan Amount: $224,910
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Mar 06, 2019
  • Previous Mortgage Loan Amount: $205,214
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2049

About Memphis



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Nearby Rentals

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$1,450 /mo

  • 3 Beds
  • 1.5 Baths
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$1,250 /mo

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  • 1 Bath
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$1,450 /mo

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$1,295 /mo

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  • 1,250 ft²
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Unit for rent at

$1,375 /mo

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Frequently Asked Questions

What neighborhood is 3520 Philwood Avenue located in?
The 3520 Philwood Avenue is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 3520 Philwood Avenue?
The average sales price for units in 3520 Philwood Avenue is $249,900 currently.

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