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4623 Crossover Lane

4623 Crossover Lane, Memphis, TN 38117
Property in Colonial Acres
Sold Jan 25, 2022
$275,000
Sold Nov 01, 2021
$201,000
$201,000 by Lendinghome Funding Corp
Mortgage
Local assessors in Memphis, TN have categorized 4623 Crossover Lane 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 22,802 square feet. The linear feet between the front and back of the lot was measured at 2,060 ft and the front of the lot was measured at 1,260 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 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 2 full bathrooms. There are also 2 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 4623 Crossover Lane has a total of 1,665 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 carport for those who need a place to park their vehicle. The garage on the property is 360 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown 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. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 a combination of material 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. The property was last sold in Jan 18, 2022 for $275,000. That's $165.17 per sqft. Prior to that sales transaction, the property was also sold in Oct 25, 2021 for $201,000. 4623 Crossover Lane was last assessed in 2022. The total value of the property was assessed at $54,775. Specifically, the land the property is located on was valued at $8,150. While improvements on the property were assessed at a total of $46,625. 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 $3,337. 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. 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.

Building Features

Parking

Carport

Driveway

Driveway
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: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Combination
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 22,802
  • Lot Size Depth Feet: 2,060
  • Lot Size Frontage Feet: 1,260
  • Total Building Area: 1,665
  • Gross Building Area: 1,665
  • Building Area: 1,665
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,665
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL ACRES 1ST ADDN B
  • Land Acres: 0.524
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FKH SFR PROPCO I LP
  • Previous Owner : ELLA RESIDENTIAL LLC
  • Owner Before Previous Owner: MOORE JOYCE HRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 06-5006-0-0009
  • Lot: 45
  • Municipality: MEMPHIS
  • Latitude: 35.1047
  • Longitude: -89.9079

    Address

  • Full Address: 4623 Crossover Ln
  • Address - House Number: 4623
  • Address - Street Name: Crossover
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C020
  • 4-Digit Zip Code: 5524
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,337

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 283,142
  • High Value: 353,569
  • Low Value: 212,715

    Market Valuation

  • Market Total Value: $219,100
  • Market Land Value: $32,600
  • Market Improvement Value: $186,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,775
  • Assessed Land Value: $8,150
  • Assessed Improvements Value: $46,625

    Sales

  • Current Sale Contract Date: Jan 18, 2022
  • Current Sale Recording Date: Jan 25, 2022
  • Current Sale Transaction ID: 11878448936
  • Current Sale Price: $275,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 9608
  • Previous Sale Recording Date: Nov 01, 2021
  • Previous Sale Contract Date: Oct 25, 2021
  • Previous Sale Amount: $201,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Nov 01, 2021
  • Previous Mortgage Loan Amount: $201,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

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Frequently Asked Questions

What neighborhood is 4623 Crossover Lane located in?
The 4623 Crossover Lane is a located in the neighborhood of Colonial Acres in Jackson - University Area, Memphis.
What is the average sales price for listings in 4623 Crossover Lane?
The average sales price for units in 4623 Crossover Lane is $0 currently.

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