Check Availability

391 South Shady Grove Road

391 South Shady Grove Road, Memphis, TN 38120
House in Shelby
Sold Nov 16, 2017
$650,000
$599,750 by Simmons Bank
Mortgage Due Aug 14, 2026
Local assessors in Memphis, TN have categorized 391 South Shady Grove Road as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 48,482 square feet. The linear feet between the front and back of the lot was measured at 2,300 ft and the front of the lot was measured at 2,100 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 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 5 full bathrooms. There are also 6 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 391 South Shady Grove Road has a total of 5,954 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 591 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back 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 - B. The building has a gable style roof that was made of wood shake/ shingles. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 391 South Shady Grove Road sold most recently in Nov 2, 2017 for a total of $650,000. If you work out the math, that's approximately a cost of $99.31 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,504 in taxes each year. 391 South Shady Grove Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $210,750. If we break it down further, the land itself was valued at $98,400. Improvements to the property, however, were assessed at a total of $112,350. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 19
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Contemporary
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 591
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 48,482
  • Lot Size Depth Feet: 2,300
  • Lot Size Frontage Feet: 2,100
  • Total Building Area: 6,545
  • Gross Building Area: 6,545
  • Building Area: 5,954
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,954
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVER OAKS
  • Land Acres: 1.113
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SW S SHADY GROVE RD 214.635 FT N OF RIVER OAKS RD

Ownership

  • Current Owner : SHIGVLEY CLARK PRESTON
  • Current Owner 2: SHIGVLEY MADELYN GRIFFITH
  • Previous Owner : NICKEY G TAYLOR
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021311

Zoning

  • Zoning: R-15

Geography

  • Assessors Map Reference: MB 29-42
  • District: O
  • Parcel: 08-0020-0-0008
  • Lot: 8
  • Municipality: MEMPHIS
  • Latitude: 35.1204
  • Longitude: -89.8587

    Address

  • Full Address: 391 Shady Grove Rd S
  • Address - House Number: 391
  • Street Segment Direction: S
  • Address - Street Name: Shady Grove
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C087
  • 4-Digit Zip Code: 2510
  • Zip Code: 38120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,504

    Appraisal Valuation

  • Standard Deviation: 0.1966
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 989,433
  • High Value: 1,184,026
  • Low Value: 794,840

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $599,750
  • First Open Lien Mortgage Lender: SIMMONS BANK
  • First Open Lien Mortgage Recording Date: Aug 29, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $599,750
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Aug 14, 2026

    Market Valuation

  • Market Total Value: $843,000
  • Market Land Value: $393,600
  • Market Improvement Value: $449,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $210,750
  • Assessed Land Value: $98,400
  • Assessed Improvements Value: $112,350

    Sales

  • Current Sale Contract Date: Nov 02, 2017
  • Current Sale Recording Date: Nov 16, 2017
  • Current Sale Transaction ID: 11303631364
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17118570

    Last Sale Mortgage

  • First Mortgage Lender: BARTLETT MORTGAGE INC
  • First Mortgage Transaction Date: Nov 16, 2017
  • First Mortgage Loan Amount: $520,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2047

About Memphis



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1021 Oakhaven, Memphis, TN, 38119

$2,700 /mo

  • Studio
  • 1 Bath
1021 Oakhaven, Memphis, TN, 38119 Listing by Skip Miller
Unit for rent at 5711 Shady Grove, Memphis, TN, 38120

$6,700 /mo

  • 5 Beds
  • 6 Baths
5711 Shady Grove, Memphis, TN, 38120 Listing by Jimmy Reed
Unit for rent at 482 E Racquet Club, Memphis, TN, 38117

$2,750 /mo

  • 2 Beds
  • 2.5 Baths
482 E Racquet Club, Memphis, TN, 38117 Listing by Lee McWaters
Unit for rent at 5676 Quince, Memphis, TN, 38119

$2,000 /mo

  • 3 Beds
  • 2.5 Baths
5676 Quince, Memphis, TN, 38119 Listing by Todd Adams
Unit for rent at 1650 Dorset, Memphis, TN, 38117

$1,850 /mo

  • 3 Beds
  • 2 Baths
1650 Dorset, Memphis, TN, 38117 Listing by Scott Carrier
Unit for rent at 6760-4 Quail Hollow Court, Memphis, TN, 38120

$1,065 /mo

  • 1 Bed
  • 1 Bath
  • 618 ft²
6760-4 Quail Hollow Court #6760-4 Quail Hollow Court, Memphis, TN, 38120 Listing by Manager
Unit for rent at 1633 Quail Hollow Rd, Memphis, TN, 38120

$975 /mo

  • 1 Bed
  • 1 Bath
  • 734 ft²
1633 Quail Hollow Rd #1633 Quail Hollow Rd, Memphis, TN, 38120 Listing by Manager

Frequently Asked Questions

What neighborhood is 391 South Shady Grove Road located in?
The 391 South Shady Grove Road is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 391 South Shady Grove Road?
The average sales price for units in 391 South Shady Grove Road is $0 currently.

Quantcast