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3623 Lynchburg Street

3623 Lynchburg Street, Memphis, TN 38135
Sold Jun 19, 2019
$122,500
$120,280 by Bancorpsouth Bank
Mortgage Due Jul 01, 2049
Sold Jun 08, 2009
$48,000
$63,700 by Silverado Funding Llc
Mortgage Due Oct 29, 2009
3623 Lynchburg Street 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 1972 and is 52 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3623 Lynchburg Street has 1,852 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 1,320 ft and across the front of the lot is 770 ft. The area measurement of the land has been determined as 10,164 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 342 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in May 17, 2019 for $122,500. That's $66.14 per sqft. Prior to that sales transaction, the property was also sold in Feb 9, 2009 for $48,000. 3623 Lynchburg Street was last assessed in 2022. The total value of the property was assessed at $36,775. Specifically, the land the property is located on was valued at $3,875. While improvements on the property were assessed at a total of $32,900. 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 $2,240. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

Building Features

Parking

Carport

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: A
  • 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: Carport
  • Garage Square Area: 342
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,164
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 770
  • Total Building Area: 1,852
  • Gross Building Area: 1,852
  • Building Area: 1,852
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,852
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LYNCHBURG PARK
  • Land Acres: 0.233
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS LYNCHBURG ST 94.14 FT N OF GLOUCESTER AVE

Ownership

  • Current Owner : YANDER COURTNEY S
  • Current Owner 2: BOYD TOREY V
  • Previous Owner : KANT AVANISH
  • Owner Before Previous Owner: DEUTSCHE BANK NATIONAL TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020658

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 39-27
  • District: O
  • Parcel: 08-7005-0-0038
  • Lot: 66
  • Municipality: MEMPHIS
  • Latitude: 35.2248
  • Longitude: -89.8885

    Address

  • Full Address: 3623 Lynchburg St
  • Address - House Number: 3623
  • Address - Street Name: Lynchburg
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C041
  • 4-Digit Zip Code: 2247
  • Zip Code: 38135

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,240

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 142,820
  • High Value: 207,775
  • Low Value: 77,864

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $127,780
  • First Open Lien Mortgage Lender: BANCORPSOUTH BANK
  • First Open Lien Mortgage Recording Date: Jun 19, 2019
  • First Open Lien Mortgage Loan Amount: $120,280
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2049
  • Second Open Lien Mortgage Lender: PATRIOT BANK
  • Second Open Lien Mortgage Recording Date: Feb 28, 2023
  • Second Open Lien Mortgage Loan Amount: $7,500
  • Second Open Lien Mortgage Term: 83
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Feb 04, 2030

    Market Valuation

  • Market Total Value: $147,100
  • Market Land Value: $15,500
  • Market Improvement Value: $131,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,775
  • Assessed Land Value: $3,875
  • Assessed Improvements Value: $32,900

    Sales

  • Current Sale Contract Date: May 17, 2019
  • Current Sale Recording Date: Jun 19, 2019
  • Current Sale Transaction ID: 11618351252
  • Current Sale Price: $122,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201906190059956
  • Previous Sale Recording Date: Jun 08, 2009
  • Previous Sale Contract Date: Feb 09, 2009
  • Previous Sale Amount: $48,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORPSOUTH BANK
  • First Mortgage Transaction Date: Jun 19, 2019
  • First Mortgage Loan Amount: $120,280
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: SILVERADO FUNDING LLC
  • Previous Mortgage Transaction Date: Jun 08, 2009
  • Previous Mortgage Loan Amount: $63,700
  • Previous Mortgage Term: 3
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 29, 2009

About Frayser - Raleigh PD



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Frequently Asked Questions

What neighborhood is 3623 Lynchburg Street located in?
The 3623 Lynchburg Street is a house located in the neighborhood of Frayser - Raleigh PD in Frayser - Raleigh PD, Memphis.
What is the average sales price for listings in 3623 Lynchburg Street?
The average sales price for units in 3623 Lynchburg Street is $125,000 currently.

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