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3811 South Galloway Drive

3811 South Galloway Drive, Memphis, TN 38111
House in Red Acres
Sold Nov 06, 2018
$530,000
$540,000 by Financial Federal Bank
Mortgage Due Apr 01, 2051
3811 South Galloway Drive in Memphis, TN was first built in 1964 and is 60 years old. Although, the building on the property was most recently renovated and altered in 1992. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 3811 South Galloway Drive has 4,584 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,070 ft and the linear feet between the front and back of the lot is 2,600. In total, the area measurement of the land is 27,820 square feet.

Learn more about the property and building on this page. There is a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a vinyl in-ground pool on the property. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 418 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Oct 25, 2018 for $530,000. That's $105.96 per sqft. 3811 South Galloway Drive was last assessed in 2022. The total value of the property was assessed at $157,050. Specifically, the land the property is located on was valued at $79,125. While improvements on the property were assessed at a total of $77,925. 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 $9,567. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 418
  • Parking Space Count: 1
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 27,820
  • Lot Size Depth Feet: 2,600
  • Lot Size Frontage Feet: 1,070
  • Total Building Area: 5,002
  • Gross Building Area: 5,002
  • Building Area: 4,584
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,584
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RED ACRES SIXTH ADDN
  • Land Acres: 0.639
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS SO GALLOWAY DR 214 FT W OF RED BIRD LANE

Ownership

  • Current Owner : BILLINGS CHRISTINE K
  • Current Owner 2: CHRISTINE K BILLINGS LIVING TRUST
  • Previous Owner : BILLINGS WALLACE F
  • Previous Owner 2: BILLINGS JOSEPHINE M
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 27-3
  • District: O
  • Parcel: 04-4111-0-0025
  • Lot: 2
  • Municipality: MEMPHIS
  • Latitude: 35.1268
  • Longitude: -89.935

    Address

  • Full Address: 3811 S Galloway Dr
  • Address - House Number: 3811
  • Street Direction: S
  • Address - Street Name: Galloway
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C065
  • 4-Digit Zip Code: 6800
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,567

    Appraisal Valuation

  • Standard Deviation: 0.2472
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 792,250
  • High Value: 988,136
  • Low Value: 596,364

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $640,000
  • First Open Lien Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Mar 29, 2021
  • First Open Lien Mortgage Loan Amount: $540,000
  • 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: Apr 01, 2051
  • Second Open Lien Mortgage Lender: FINANCIAL FEDERAL BANK
  • Second Open Lien Mortgage Recording Date: Sep 01, 2022
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 60
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 25, 2027

    Market Valuation

  • Market Total Value: $628,200
  • Market Land Value: $316,500
  • Market Improvement Value: $311,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $157,050
  • Assessed Land Value: $79,125
  • Assessed Improvements Value: $77,925

    Sales

  • Current Sale Contract Date: Oct 25, 2018
  • Current Sale Recording Date: Nov 06, 2018
  • Current Sale Transaction ID: 11529576200
  • Current Sale Price: $530,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18114730

    Last Sale Mortgage

  • First Mortgage Lender: REGIONS BANK
  • First Mortgage Transaction Date: Nov 06, 2018
  • First Mortgage Loan Amount: $305,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2048

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Frequently Asked Questions

What neighborhood is 3811 South Galloway Drive located in?
The 3811 South Galloway Drive is a house located in the neighborhood of Red Acres in Jackson - University Area, Memphis.
What is the average sales price for listings in 3811 South Galloway Drive?
The average sales price for units in 3811 South Galloway Drive is $0 currently.

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