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4052 Faronia Drive

4052 Faronia Drive, Memphis, TN 38116
Sold Dec 19, 2019
$110,000
$105,875 by Cogent Bank
Mortgage Due Jan 01, 2050
Sold Dec 05, 2018
$17,500
4052 Faronia Drive in Memphis, TN was first built in 1956 and is 68 years old. Although, the building on the property was most recently renovated and altered in 1988. 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. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 4052 Faronia Drive has 1,251 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 790 ft and the linear feet between the front and back of the lot is 1,380. In total, the area measurement of the land is 9,838 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a hip style roof made of composition shingle. For those who need parking, there is a carport. The garage is 220 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. 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, 4052 Faronia Drive was last sold in Dec 12, 2019 for $110,000. According to our calculations, that's $87.93 per sqft. Prior to that sales transaction, the property was sold for $17,500 in Nov 15, 2018. Current property owners are expected to pay $1,722 in taxes per year. The property on 4052 Faronia Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $28,275. To break that down further, the land itself was valued at $3,875. While improvements to the property were assessed at a total of $24,400. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 220
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,838
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 790
  • Total Building Area: 1,251
  • Gross Building Area: 1,251
  • Building Area: 1,251
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,251
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GRACELAND
  • Land Acres: 0.226
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : INGRAM SHAUNDA SHENELL
  • Previous Owner : JONES CHARLES
  • Owner Before Previous Owner: RKV REAL ESTATE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 022024

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 07-8081-0-0008
  • Lot: 146
  • Municipality: MEMPHIS
  • Latitude: 35.0379
  • Longitude: -90.019

    Address

  • Full Address: 4052 Faronia Dr
  • Address - House Number: 4052
  • Address - Street Name: Faronia
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C034
  • 4-Digit Zip Code: 5809
  • Zip Code: 38116

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,722

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 175,970
  • High Value: 222,517
  • Low Value: 129,422

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $115,875
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: Dec 19, 2019
  • First Open Lien Mortgage Loan Amount: $105,875
  • 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: Jan 01, 2050
  • Second Open Lien Mortgage Lender: UNITED HOUSING INC
  • Second Open Lien Mortgage Recording Date: Dec 19, 2019
  • Second Open Lien Mortgage Loan Amount: $10,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $113,100
  • Market Land Value: $15,500
  • Market Improvement Value: $97,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,275
  • Assessed Land Value: $3,875
  • Assessed Improvements Value: $24,400

    Sales

  • Current Sale Contract Date: Dec 12, 2019
  • Current Sale Recording Date: Dec 19, 2019
  • Current Sale Transaction ID: 11710631434
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19132049
  • Previous Sale Recording Date: Dec 05, 2018
  • Previous Sale Contract Date: Nov 15, 2018
  • Previous Sale Amount: $17,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: Dec 19, 2019
  • First Mortgage Loan Amount: $105,875
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

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Frequently Asked Questions

What neighborhood is 4052 Faronia Drive located in?
The 4052 Faronia Drive is a located in the neighborhood of Mc Kellar - Whitehaven-Levi PD in Mc Kellar - Whitehaven-Levi PD, Memphis.
What is the average sales price for listings in 4052 Faronia Drive?
The average sales price for units in 4052 Faronia Drive is $0 currently.

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