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397 Twelve Oaks Circle

397 Twelve Oaks Circle, Memphis, TN 38117
Townhouse in Village
Sold Jan 28, 2022
$540,000
$498,750 by Pinnacle Bank
Mortgage Due Feb 01, 2052
Sold Aug 04, 2015
$295,000
$236,000 by Paragon Bank
Mortgage Due Sep 01, 2045
397 Twelve Oaks Circle in Memphis, TN was first built in 1979 and is 45 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 397 Twelve Oaks Circle has 3,281 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. In total, the area measurement of the land is 5,401 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 529 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. 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. 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. 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, 397 Twelve Oaks Circle was last sold in Jan 20, 2022 for $540,000. According to our calculations, that's $141.73 per sqft. Prior to that sales transaction, the property was sold for $295,000 in Aug 4, 2015. Current property owners are expected to pay $6,073 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 397 Twelve Oaks Circle was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $99,700. To break that down further, the land itself was valued at $20,325. While improvements to the property were assessed at a total of $79,375. 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

Attached Garage
Gated Parking
Guest Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Townhouse
  • 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: 529
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,401
  • Total Building Area: 3,810
  • Gross Building Area: 3,810
  • Building Area: 3,281
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,281
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TWELVE OAKS P U D REV FINAL PLAN
  • Land Acres: 0.124
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: WS TWELVE OAKS CIRCLE P D

Ownership

  • Current Owner : MAURY LAWSON D
  • Current Owner 2: SHANNON KATHLEEN R
  • Previous Owner : KEITH D HOLLINS LIVING TRUST
  • Owner Before Previous Owner: FUNK JOAN
  • Owner Before Previous Owner 2: GRUSIN MARTIN A
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008500

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 72-56
  • District: O
  • Parcel: 05-7011-A0-0004
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.1203
  • Longitude: -89.9186

    Address

  • Full Address: 397 Twelve Oaks Cir
  • Address - House Number: 397
  • Address - Street Name: Twelve Oaks
  • Address - Suffix Type: Cir
  • State: TN
  • City Name: Memphis
  • Carrier Code: C032
  • 4-Digit Zip Code: 3626
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,073
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2327
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 554,158
  • High Value: 683,122
  • Low Value: 425,193

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $498,750
  • First Open Lien Mortgage Lender: PINNACLE BANK
  • First Open Lien Mortgage Recording Date: Jan 28, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $498,750
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $398,800
  • Market Land Value: $81,300
  • Market Improvement Value: $317,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,700
  • Assessed Land Value: $20,325
  • Assessed Improvements Value: $79,375

    Sales

  • Current Sale Contract Date: Jan 20, 2022
  • Current Sale Recording Date: Jan 28, 2022
  • Current Sale Transaction ID: 11878697845
  • Current Sale Price: $540,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10783
  • Previous Sale Recording Date: Aug 04, 2015
  • Previous Sale Contract Date: Aug 04, 2015
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PINNACLE BANK
  • First Mortgage Transaction Date: Jan 28, 2022
  • First Mortgage Loan Amount: $498,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PARAGON BANK
  • Previous Mortgage Transaction Date: Aug 04, 2015
  • Previous Mortgage Loan Amount: $236,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2045

About Jackson - University Area



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Frequently Asked Questions

What neighborhood is 397 Twelve Oaks Circle located in?
The 397 Twelve Oaks Circle is a townhouse located in the neighborhood of Village in Jackson - University Area, Memphis.
What is the average sales price for listings in 397 Twelve Oaks Circle?
The average sales price for units in 397 Twelve Oaks Circle is $0 currently.

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