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3647 Fairmont Avenue

3647 Fairmont Avenue, Memphis, TN 38122
House in Shelby
Sold Sep 04, 2014
$15,600
Sold Apr 25, 2011
$35,000
$20,500 by Chartwell Investments Llc
Mortgage Due May 15, 2031
3647 Fairmont 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 1946 and is 78 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3647 Fairmont Avenue has 850 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 2,200 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 13,271 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 308 sqft. Residents will have the luxury of enjoying both a unknown and 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 D 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 an air conditioning type we are unsure of at the moment. In terms of heating, it is utilizing a heating system and being fueled with gas. 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, 3647 Fairmont Avenue was last sold in Aug 26, 2014 for $15,600. According to our calculations, that's $18.35 per sqft. Prior to that sales transaction, the property was sold for $35,000 in Apr 15, 2011. Current property owners are expected to pay $585 in taxes per year. The property on 3647 Fairmont Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $9,600. To break that down further, the land itself was valued at $2,350. While improvements to the property were assessed at a total of $7,250. 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. 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!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • 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
  • Garage Type: Detached
  • Garage Square Area: 308
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,271
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 850
  • Gross Building Area: 850
  • Building Area: 850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Unsure
  • Heating: Yes
  • Heated Square Feet: 850
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GREENLAW
  • Land Acres: 0.305
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS FAIRMONT

Ownership

  • Current Owner : NIETO MARCELA C
  • Previous Owner : RICHARDS BRIAN
  • Owner Before Previous Owner: CHARTWELL INVESTMENTS LLC

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001100

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-3089-0-0002
  • Block: A
  • Lot: 18-19
  • Municipality: MEMPHIS
  • Latitude: 35.1676
  • Longitude: -89.9387

    Address

  • Full Address: 3647 Fairmont Ave
  • Address - House Number: 3647
  • Address - Street Name: Fairmont
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C098
  • 4-Digit Zip Code: 1305
  • Zip Code: 38122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $585

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 85,984
  • High Value: 107,372
  • Low Value: 64,597

    Market Valuation

  • Market Total Value: $38,400
  • Market Land Value: $9,400
  • Market Improvement Value: $29,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $9,600
  • Assessed Land Value: $2,350
  • Assessed Improvements Value: $7,250

    Sales

  • Current Sale Contract Date: Aug 26, 2014
  • Current Sale Recording Date: Sep 04, 2014
  • Current Sale Transaction ID: 1176749276
  • Current Sale Price: $15,600
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 14090335
  • Previous Sale Recording Date: Apr 25, 2011
  • Previous Sale Contract Date: Apr 15, 2011
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CHARTWELL INVESTMENTS LLC
  • Previous Mortgage Transaction Date: Apr 25, 2011
  • Previous Mortgage Loan Amount: $20,500
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: May 15, 2031

About Memphis



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Frequently Asked Questions

What neighborhood is 3647 Fairmont Avenue located in?
The 3647 Fairmont Avenue is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 3647 Fairmont Avenue?
The average sales price for units in 3647 Fairmont Avenue is $0 currently.

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