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460 Woodmere Lane

460 Woodmere Lane, Memphis, TN 38117
House in Village
Sold Apr 01, 2020
$718,000
$318,000 by Financial Federal Bank
Mortgage Due Apr 01, 2050
Sold Jul 24, 2018
$665,300
$453,100 by Financial Federal Bank
Mortgage Due Aug 01, 2048
Local assessors in Memphis, TN have categorized 460 Woodmere Lane as a residential type of property. The home was built in 1946 and is 78 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 13,055 square feet. The linear feet between the front and back of the lot was measured at 1,800 ft and the front of the lot was measured at 850 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 5 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 4 full bathrooms. There are also 4 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 460 Woodmere Lane has a total of 4,954 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 detached garage for those who need a place to park their vehicle. The garage on the property is 399 sqft. Do you like to entertain? The home has both a unknown and a patio 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 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. 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, 460 Woodmere Lane sold most recently in Mar 31, 2020 for a total of $718,000. If you work out the math, that's approximately a cost of $144.93 per sqft. Before that, the property was also sold for $665,300 in Jul 23, 2018. 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 $10,106 in taxes each year. 460 Woodmere Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $165,900. If we break it down further, the land itself was valued at $62,000. Improvements to the property, however, were assessed at a total of $103,900. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Colonial
  • 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
  • Garage Type: Detached
  • Garage Square Area: 399
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 13,055
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 850
  • Total Building Area: 4,954
  • Gross Building Area: 4,954
  • Building Area: 4,954
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,954
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VILLAGE THE
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT PT 215 ES WOODMERE LANE

Ownership

  • Current Owner : ROGIN JOELLE L
  • Previous Owner : SKERTICH RYAN
  • Previous Owner 2: SKERTICH GRACE
  • Owner Before Previous Owner: HINFMAN JASON W
  • Owner Before Previous Owner 2: HINFMAN NICOLE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 05-7006-0-0013
  • Lot: 216
  • Municipality: MEMPHIS
  • Latitude: 35.1189
  • Longitude: -89.9204

    Address

  • Full Address: 460 Woodmere Ln
  • Address - House Number: 460
  • Address - Street Name: Woodmere
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C001
  • 4-Digit Zip Code: 3638
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,106

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 797,629
  • High Value: 996,026
  • Low Value: 599,231

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $318,000
  • First Open Lien Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Apr 01, 2020
  • First Open Lien Mortgage Loan Amount: $318,000
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $663,600
  • Market Land Value: $248,000
  • Market Improvement Value: $415,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $165,900
  • Assessed Land Value: $62,000
  • Assessed Improvements Value: $103,900

    Sales

  • Current Sale Contract Date: Mar 31, 2020
  • Current Sale Recording Date: Apr 01, 2020
  • Current Sale Transaction ID: 11753620043
  • Current Sale Price: $718,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20033819
  • Previous Sale Recording Date: Jul 24, 2018
  • Previous Sale Contract Date: Jul 23, 2018
  • Previous Sale Amount: $665,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Mortgage Transaction Date: Apr 01, 2020
  • First Mortgage Loan Amount: $318,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FINANCIAL FEDERAL BANK
  • Previous Mortgage Transaction Date: Jul 24, 2018
  • Previous Mortgage Loan Amount: $453,100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2048

About Jackson - University Area



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Nearby Rentals

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$2,295 /mo

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  • 2.5 Baths
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$2,599 /mo

  • 4 Beds
  • 2 Baths
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Frequently Asked Questions

What neighborhood is 460 Woodmere Lane located in?
The 460 Woodmere Lane is a house located in the neighborhood of Village in Jackson - University Area, Memphis.
What is the average sales price for listings in 460 Woodmere Lane?
The average sales price for units in 460 Woodmere Lane is $0 currently.

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