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368 Tara Lane

368 Tara Lane, Memphis, TN 38111
Sold Dec 18, 2020
$897,000
$349,580 by Guaranty Bank & Trust
Mortgage Due Sep 10, 2028
Sold Jul 09, 2014
$600,000
$417,000 by Suntrust Mortgage Inc
Mortgage Due Aug 01, 2029
368 Tara Lane 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 1985 and is 39 years old. However, we must point out that the home was most recently renovated and altered in 1999. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 368 Tara Lane has 4,448 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 1,900 ft and across the front of the lot is 850 ft. The area measurement of the land has been determined as 16,373 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 attached garage for those who require parking. The garage measured 520 sqft. According to our sources, there are a total of 2 available parking spaces. 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 excellent. 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 hip style roof made of composition shingle. The exterior walls of the building are made of stucco. 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. 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, 368 Tara Lane was last sold in Dec 18, 2020 for $897,000. According to our calculations, that's $180.56 per sqft. Prior to that sales transaction, the property was sold for $600,000 in Jul 1, 2014. Current property owners are expected to pay $13,665 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 368 Tara Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $224,325. To break that down further, the land itself was valued at $44,750. While improvements to the property were assessed at a total of $179,575. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Parking

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

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: Excellent
  • Building Quality: A
  • Building Style: Traditional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 520
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,373
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 850
  • Total Building Area: 4,968
  • Gross Building Area: 4,968
  • Building Area: 4,448
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,448
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TARA GARDENS
  • Land Acres: 0.376
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES TARA LANE

Ownership

  • Current Owner : ATKINSON ELISHA WHITE
  • Previous Owner : HESS MICHAE R
  • Previous Owner 2: HESS MARTHA B
  • Owner Before Previous Owner: GOODWYN REALTY COMPANY LLC
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007100

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 32-75
  • District: O
  • Parcel: 04-5042-0-0060
  • Block: A
  • Lot: 11
  • Municipality: MEMPHIS
  • Latitude: 35.122
  • Longitude: -89.9637

    Address

  • Full Address: 368 Tara Ln
  • Address - House Number: 368
  • Address - Street Name: Tara
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C057
  • 4-Digit Zip Code: 2404
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,665
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 857,824
  • High Value: 1,071,194
  • Low Value: 644,454

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $349,580
  • First Open Lien Mortgage Lender: GUARANTY BANK & TRUST
  • First Open Lien Mortgage Recording Date: Sep 20, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $349,580
  • First Open Lien Mortgage Term: 83
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Sep 10, 2028

    Market Valuation

  • Market Total Value: $897,300
  • Market Land Value: $179,000
  • Market Improvement Value: $718,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $224,325
  • Assessed Land Value: $44,750
  • Assessed Improvements Value: $179,575

    Sales

  • Current Sale Contract Date: Dec 18, 2020
  • Current Sale Recording Date: Dec 18, 2020
  • Current Sale Transaction ID: 11807626077
  • Current Sale Price: $897,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20141466
  • Previous Sale Recording Date: Jul 09, 2014
  • Previous Sale Contract Date: Jul 01, 2014
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Jul 09, 2014
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2029

About Depot Planning District



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Frequently Asked Questions

What neighborhood is 368 Tara Lane located in?
The 368 Tara Lane 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 368 Tara Lane?
The average sales price for units in 368 Tara Lane is $0 currently.

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