Check Availability

3623 Sharpe Avenue

3623 Sharpe Avenue, Memphis, TN 38111
Sold Jun 15, 2022
$89,900
$62,930 by Lima One Capital Llc
Mortgage Due Jul 01, 2052
Sold Sep 19, 2018
$40,715
$32,572 by Pinnacle Bank
Mortgage Due Oct 01, 2048
3623 Sharpe Avenue 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 1952 and is 72 years old. The home has a total of 5 rooms. 3 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 Sharpe Avenue has 1,220 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 1,310 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,063 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a cottage 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. 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 C 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3623 Sharpe Avenue sold most recently in Jun 8, 2022 for a total of $89,900. If you work out the math, that's approximately a cost of $73.69 per sqft. Before that, the property was also sold for $40,715 in Sep 14, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $774 in taxes each year. 3623 Sharpe Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $12,700. If we break it down further, the land itself was valued at $1,600. Improvements to the property, however, were assessed at a total of $11,100. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, 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: 1952
  • Effective Year Built: 1952
  • 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: C
  • Building Style: Cottage
  • 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,063
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,220
  • Gross Building Area: 1,220
  • Building Area: 1,220
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,220
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHNSONS SOUTHMOOR
  • Land Acres: 0.162
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS SHARPE

Ownership

  • Current Owner : INNOVATIVE REAL ESTATE INVESTMENTS LLC
  • Previous Owner : MAX SCHWARZ III
  • Previous Owner 2: MAX AMANDA
  • Owner Before Previous Owner: SOUTHEAST INVESTMENT SOLUTIONS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008200

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 05-8020-0-0004
  • Lot: 54
  • Municipality: MEMPHIS
  • Latitude: 35.086
  • Longitude: -89.9419

    Address

  • Full Address: 3623 Sharpe Ave
  • Address - House Number: 3623
  • Address - Street Name: Sharpe
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C076
  • 4-Digit Zip Code: 5221
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $774

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 43,662
  • High Value: 63,519
  • Low Value: 23,804

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $62,930
  • First Open Lien Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Jun 15, 2022
  • First Open Lien Mortgage Loan Amount: $62,930
  • 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: Jul 01, 2052

    Market Valuation

  • Market Total Value: $50,800
  • Market Land Value: $6,400
  • Market Improvement Value: $44,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,700
  • Assessed Land Value: $1,600
  • Assessed Improvements Value: $11,100

    Sales

  • Current Sale Contract Date: Jun 08, 2022
  • Current Sale Recording Date: Jun 15, 2022
  • Current Sale Transaction ID: 11890888266
  • Current Sale Price: $89,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 67057
  • Previous Sale Recording Date: Sep 19, 2018
  • Previous Sale Contract Date: Sep 14, 2018
  • Previous Sale Amount: $40,715
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Mortgage Transaction Date: Jun 15, 2022
  • First Mortgage Loan Amount: $62,930
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PINNACLE BANK
  • Previous Mortgage Transaction Date: Sep 19, 2018
  • Previous Mortgage Loan Amount: $32,572
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2048

About Depot Planning District



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$35 /mo

  • Studio
Listing by Agata Munoz

Frequently Asked Questions

What neighborhood is 3623 Sharpe Avenue located in?
The 3623 Sharpe Avenue is a house located in the neighborhood of Depot Planning District in Depot Planning District, Memphis.
What is the average sales price for listings in 3623 Sharpe Avenue?
The average sales price for units in 3623 Sharpe Avenue is $0 currently.

Quantcast