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3694 Mimosa Avenue

3694 Mimosa Avenue, Memphis, TN 38111
Property in Shelby
Sold Sep 13, 2021
$470,000
$470,000 by Paramount Bank
Mortgage Due Oct 01, 2051
Sold Sep 12, 2011
$310,000
$294,500 by Regions Mortgage
Mortgage Due Oct 01, 2041
Local assessors in Memphis, TN have categorized 3694 Mimosa Avenue as a residential type of property. The home was built in 1947 and is 77 years old. It was most recently renovated and altered in 1995. The property's lot size has been calculated to be 14,924 square feet. The linear feet between the front and back of the lot was measured at 2,120 ft and the front of the lot was measured at 1,680 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 2 full bathrooms. There are also 2 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 3694 Mimosa Avenue has a total of 1,764 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 a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. Lots of brick veneer were used in the construction of the exterior walls of the home. 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. The property was last sold in Sep 3, 2021 for $470,000. That's $266.44 per sqft. Prior to that sales transaction, the property was also sold in Sep 6, 2011 for $310,000. 3694 Mimosa Avenue was last assessed in 2022. The total value of the property was assessed at $100,400. Specifically, the land the property is located on was valued at $20,325. While improvements on the property were assessed at a total of $80,075. 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 $6,116. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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

Driveway

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

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: A
  • 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: 14,924
  • Lot Size Depth Feet: 2,120
  • Lot Size Frontage Feet: 1,680
  • Total Building Area: 1,764
  • Gross Building Area: 1,764
  • Building Area: 1,764
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,764
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCGEHEE & WILKINSON
  • Land Acres: 0.343
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OF THOMAS WALKER E 11.28 ACRES NS MIMOSA COR WILKINSON PLACE NW

Ownership

  • Current Owner : SHELTON JACOB
  • Current Owner 2: SHELTON JESSICA
  • Previous Owner : DAVIES SALLY WALKER
  • Owner Before Previous Owner: THOMAS CARLYLE G
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002900

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 11-67
  • District: O
  • Parcel: 04-4073-0-0058
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1391
  • Longitude: -89.9383

    Address

  • Full Address: 3694 Mimosa Ave
  • Address - House Number: 3694
  • Address - Street Name: Mimosa
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C066
  • 4-Digit Zip Code: 6114
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,116

    Appraisal Valuation

  • Standard Deviation: 0.2385
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 466,543
  • High Value: 577,845
  • Low Value: 355,241

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $470,000
  • First Open Lien Mortgage Lender: PARAMOUNT BANK
  • First Open Lien Mortgage Recording Date: Sep 13, 2021
  • First Open Lien Mortgage Loan Amount: $470,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $401,600
  • Market Land Value: $81,300
  • Market Improvement Value: $320,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,400
  • Assessed Land Value: $20,325
  • Assessed Improvements Value: $80,075

    Sales

  • Current Sale Contract Date: Sep 03, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Transaction ID: 11854926484
  • Current Sale Price: $470,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21113253
  • Previous Sale Recording Date: Sep 12, 2011
  • Previous Sale Contract Date: Sep 06, 2011
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT BANK
  • First Mortgage Transaction Date: Sep 13, 2021
  • First Mortgage Loan Amount: $470,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: REGIONS MORTGAGE
  • Previous Mortgage Transaction Date: Sep 12, 2011
  • Previous Mortgage Loan Amount: $294,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2041

About Memphis



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Frequently Asked Questions

What neighborhood is 3694 Mimosa Avenue located in?
The 3694 Mimosa Avenue is a located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 3694 Mimosa Avenue?
The average sales price for units in 3694 Mimosa Avenue is $0 currently.

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