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3537 Oakley Avenue

3537 Oakley Avenue, Memphis, TN 38111
House in Shelby
Sold Nov 05, 2020
$390,000
$370,500 by Bancorpsouth Bank
Mortgage Due Nov 01, 2050
Sold Jan 26, 2017
$329,000
$230,300 by Mortgage Investors Corp
Mortgage Due Feb 01, 2047
Local assessors in Memphis, TN have categorized 3537 Oakley 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 1980. The property's lot size has been calculated to be 20,394 square feet. The linear feet between the front and back of the lot was measured at 2,060 ft and the front of the lot was measured at 990 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 7 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 3 full bathrooms. There are also 4 partial bathrooms. 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 3537 Oakley Avenue has a total of 2,247 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 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. 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 frame 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 - A. The building has a gable style roof that was made of composition shingle. 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, 3537 Oakley Avenue was last sold in Oct 30, 2020 for $390,000. According to our calculations, that's $173.56 per sqft. Prior to that sales transaction, the property was sold for $329,000 in Jan 20, 2017. Current property owners are expected to pay $5,953 in taxes per year. The property on 3537 Oakley Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $97,725. To break that down further, the land itself was valued at $20,325. While improvements to the property were assessed at a total of $77,400. 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
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,394
  • Lot Size Depth Feet: 2,060
  • Lot Size Frontage Feet: 990
  • Total Building Area: 2,247
  • Gross Building Area: 2,247
  • Building Area: 2,247
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,247
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND OAKLEY
  • Land Acres: 0.468
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS OAKLEY 319 FT E OF HIGHLAND

Ownership

  • Current Owner : PRAYTOR ARTIE
  • Current Owner 2: PRAYTOR ASHLEY
  • Previous Owner : WATTS GREG RANDALL
  • Previous Owner 2: WATTS ANDREA S
  • Owner Before Previous Owner: BRANUM KEVIN S
  • Owner Before Previous Owner 2: PERSON CHARLIE
  • 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 10-13
  • District: O
  • Parcel: 04-4066-0-0003
  • Lot: 4&PT3
  • Municipality: MEMPHIS
  • Latitude: 35.1362
  • Longitude: -89.9435

    Address

  • Full Address: 3537 Oakley Ave
  • Address - House Number: 3537
  • Address - Street Name: Oakley
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C066
  • 4-Digit Zip Code: 6141
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,953

    Appraisal Valuation

  • Standard Deviation: 0.2385
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 465,920
  • High Value: 577,074
  • Low Value: 354,767

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $370,500
  • First Open Lien Mortgage Lender: BANCORPSOUTH BANK
  • First Open Lien Mortgage Recording Date: Nov 05, 2020
  • First Open Lien Mortgage Loan Amount: $370,500
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $390,900
  • Market Land Value: $81,300
  • Market Improvement Value: $309,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $97,725
  • Assessed Land Value: $20,325
  • Assessed Improvements Value: $77,400

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: Nov 05, 2020
  • Current Sale Transaction ID: 11796264781
  • Current Sale Price: $390,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20122639
  • Previous Sale Recording Date: Jan 26, 2017
  • Previous Sale Contract Date: Jan 20, 2017
  • Previous Sale Amount: $329,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORPSOUTH BANK
  • First Mortgage Transaction Date: Nov 05, 2020
  • First Mortgage Loan Amount: $370,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE INVESTORS CORP
  • Previous Mortgage Transaction Date: Jan 26, 2017
  • Previous Mortgage Loan Amount: $230,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2047

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Frequently Asked Questions

What neighborhood is 3537 Oakley Avenue located in?
The 3537 Oakley Avenue is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 3537 Oakley Avenue?
The average sales price for units in 3537 Oakley Avenue is $0 currently.

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