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4521 Verne Road

4521 Verne Road, Memphis, TN 38117
Property in Colonial Acres
Sold Jul 22, 2020
$110,000
$88,000 by Mortgage Investors Group Inc
Mortgage Due Aug 01, 2050
Sold Aug 05, 2009
$77,000
$61,600 by Cadence Bank Na
Mortgage Due Aug 01, 2039
Local assessors in Memphis, TN have categorized 4521 Verne Road as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 9,800 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 700 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. 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 4521 Verne Road has a total of 1,023 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. Do you like to entertain? The home has a unknown so you'll have a great option in the front 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 - D. The building has a gable style roof that was made of composition shingle. 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. The property was last sold in Jul 9, 2020 for $110,000. That's $107.53 per sqft. Prior to that sales transaction, the property was also sold in Jul 29, 2009 for $77,000. 4521 Verne Road was last assessed in 2022. The total value of the property was assessed at $28,000. Specifically, the land the property is located on was valued at $6,650. While improvements on the property were assessed at a total of $21,350. 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 $1,706. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,800
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,023
  • Gross Building Area: 1,023
  • Building Area: 1,023
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,023
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARKSIDE MANOR FIRST ADDITION
  • Land Acres: 0.225
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MCDANIEL MARK S
  • Current Owner 2: MCDANIEL HANNAH B
  • Previous Owner : MCDANIEL MARK S
  • Previous Owner 2: MCDANIEL KIMBERLY C
  • Owner Before Previous Owner: BLOW HERBERT WINFIELD
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

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

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 06-6028-0-0004
  • Lot: 379
  • Municipality: MEMPHIS
  • Latitude: 35.094
  • Longitude: -89.9115

    Address

  • Full Address: 4521 Verne Rd
  • Address - House Number: 4521
  • Address - Street Name: Verne
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C014
  • 4-Digit Zip Code: 6135
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,706

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 170,796
  • High Value: 215,975
  • Low Value: 125,617

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $88,000
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Jul 22, 2020
  • First Open Lien Mortgage Loan Amount: $88,000
  • 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, 2050

    Market Valuation

  • Market Total Value: $112,000
  • Market Land Value: $26,600
  • Market Improvement Value: $85,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,000
  • Assessed Land Value: $6,650
  • Assessed Improvements Value: $21,350

    Sales

  • Current Sale Contract Date: Jul 09, 2020
  • Current Sale Recording Date: Jul 22, 2020
  • Current Sale Transaction ID: 11773751271
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20075512
  • Previous Sale Recording Date: Aug 05, 2009
  • Previous Sale Contract Date: Jul 29, 2009
  • Previous Sale Amount: $77,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Jul 22, 2020
  • First Mortgage Loan Amount: $88,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: CADENCE BANK NA
  • Previous Mortgage Transaction Date: Aug 05, 2009
  • Previous Mortgage Loan Amount: $61,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2039

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Frequently Asked Questions

What neighborhood is 4521 Verne Road located in?
The 4521 Verne Road is a located in the neighborhood of Colonial Acres in Jackson - University Area, Memphis.
What is the average sales price for listings in 4521 Verne Road?
The average sales price for units in 4521 Verne Road is $0 currently.

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