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391 Alexander Street

391 Alexander Street, Memphis, TN 38111
House in East Buntyn
Sold Jul 26, 2019
$248,000
$235,600 by Cogent Bank
Mortgage Due Aug 01, 2049
Sold May 11, 2016
$170,000
$170,000 by The Metropolitan Bank
Mortgage Due May 05, 2046
391 Alexander Street 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 1926 and is 98 years old. The home has a total of 8 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. The building has a total of 1 stories. In addition, 391 Alexander Street has 2,640 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 1,740 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 8,700 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 carport for those who require parking. The garage measured 120 sqft. According to our sources, there are a total of 6 available parking spaces. 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 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 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. The property was last sold in Jul 22, 2019 for $248,000. That's $84.07 per sqft. Prior to that sales transaction, the property was also sold in May 5, 2016 for $170,000. 391 Alexander Street was last assessed in 2022. The total value of the property was assessed at $61,175. Specifically, the land the property is located on was valued at $7,200. While improvements on the property were assessed at a total of $53,975. 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 $3,727. 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! 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

Parking

Carport

Driveway

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

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Bungalow
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Business/Commerical Units Count: 6
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 120
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 8,700
  • Lot Size Depth Feet: 1,740
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,950
  • Gross Building Area: 2,950
  • Building Area: 2,640
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,640
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COUNTRY CLUB
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS ALEXANDER

Ownership

  • Current Owner : TINKLER MARTHA
  • Previous Owner : POTTER WHITNEY G
  • Owner Before Previous Owner: GRANT TIMOTHY

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007200

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-5104-0-0025
  • Lot: PT286
  • Municipality: MEMPHIS
  • Latitude: 35.1211
  • Longitude: -89.9518

    Address

  • Full Address: 391 Alexander St
  • Address - House Number: 391
  • Address - Street Name: Alexander
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C059
  • 4-Digit Zip Code: 4450
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,727

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 348,352
  • High Value: 432,541
  • Low Value: 264,163

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $235,600
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: Jul 26, 2019
  • First Open Lien Mortgage Loan Amount: $235,600
  • 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: Aug 01, 2049

    Market Valuation

  • Market Total Value: $244,700
  • Market Land Value: $28,800
  • Market Improvement Value: $215,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,175
  • Assessed Land Value: $7,200
  • Assessed Improvements Value: $53,975

    Sales

  • Current Sale Contract Date: Jul 22, 2019
  • Current Sale Recording Date: Jul 26, 2019
  • Current Sale Transaction ID: 11628219705
  • Current Sale Price: $248,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19075274
  • Previous Sale Recording Date: May 11, 2016
  • Previous Sale Contract Date: May 05, 2016
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: Jul 26, 2019
  • First Mortgage Loan Amount: $235,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: THE METROPOLITAN BANK
  • Previous Mortgage Transaction Date: May 11, 2016
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $170,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 05, 2046

About Jackson - University Area



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Frequently Asked Questions

What neighborhood is 391 Alexander Street located in?
The 391 Alexander Street is a house located in the neighborhood of East Buntyn in Jackson - University Area, Memphis.
What is the average sales price for listings in 391 Alexander Street?
The average sales price for units in 391 Alexander Street is $0 currently.

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