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4500 East Dearing Road

4500 East Dearing Road, Memphis, TN 38117
Property in Colonial Acres
Sold Mar 12, 2021
$139,000
$111,200 by Community Mortgage Corp
Mortgage Due Mar 01, 2051
Sold Aug 22, 2018
$97,000
$96,594 by Lima One Capital Llc
Mortgage
4500 East Dearing Road in Memphis, TN was first built in 1953 and is 71 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 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 is only one bathroom. There is a 1 partial bathroom. 4500 East Dearing Road has 1,310 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 600 ft and the linear feet between the front and back of the lot is 1,420. In total, the area measurement of the land is 8,520 square feet.

Learn more about the property and building on this page. There is 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 242 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. 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, 4500 East Dearing Road was last sold in Jan 11, 2021 for $139,000. According to our calculations, that's $106.11 per sqft. Prior to that sales transaction, the property was sold for $97,000 in Aug 3, 2018. Current property owners are expected to pay $2,231 in taxes per year. The property on 4500 East Dearing Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $36,625. To break that down further, the land itself was valued at $4,425. While improvements to the property were assessed at a total of $32,200. 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. 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.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: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • 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: 242
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,520
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,310
  • Gross Building Area: 1,310
  • Building Area: 1,310
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,310
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL ACRES 4TH ADDN
  • Land Acres: 0.196
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ROSE JAMES
  • Previous Owner : SPINNAKER FRANCHISE SERVICES LLC
  • Owner Before Previous Owner: MICHAEL DBORAH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009300

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 06-6022-0-0020
  • Lot: 57
  • Municipality: MEMPHIS
  • Latitude: 35.0879
  • Longitude: -89.9119

    Address

  • Full Address: 4500 E Dearing Rd
  • Address - House Number: 4500
  • Street Direction: E
  • Address - Street Name: Dearing
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C022
  • 4-Digit Zip Code: 6902
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,231

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 126,495
  • High Value: 184,026
  • Low Value: 68,963

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $134,830
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Mar 12, 2021
  • First Open Lien Mortgage Loan Amount: $111,200
  • 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: Mar 01, 2051
  • Second Open Lien Mortgage Lender: STEVEN ROSE
  • Second Open Lien Mortgage Recording Date: Mar 12, 2021
  • Second Open Lien Mortgage Loan Amount: $23,630
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $146,500
  • Market Land Value: $17,700
  • Market Improvement Value: $128,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,625
  • Assessed Land Value: $4,425
  • Assessed Improvements Value: $32,200

    Sales

  • Current Sale Contract Date: Jan 11, 2021
  • Current Sale Recording Date: Mar 12, 2021
  • Current Sale Transaction ID: 11823875706
  • Current Sale Price: $139,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21028414
  • Previous Sale Recording Date: Aug 22, 2018
  • Previous Sale Contract Date: Aug 03, 2018
  • Previous Sale Amount: $97,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Mar 12, 2021
  • First Mortgage Loan Amount: $111,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LIMA ONE CAPITAL LLC
  • Previous Mortgage Transaction Date: Aug 22, 2018
  • Previous Mortgage Loan Amount: $96,594
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Colonial Acres



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Frequently Asked Questions

What neighborhood is 4500 East Dearing Road located in?
The 4500 East Dearing Road is a located in the neighborhood of Colonial Acres in Colonial Acres, Memphis.
What is the average sales price for listings in 4500 East Dearing Road?
The average sales price for units in 4500 East Dearing Road is $0 currently.

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