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4799 Olds Avenue

4799 Olds Avenue, Memphis, TN 38128
Sold Jan 06, 2021
$125,000
$171,957 by Freedom Mortgage Corporation
Mortgage Due Jun 01, 2053
Sold Jun 02, 1995
$85,000
4799 Olds Avenue has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1966 and is 58 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4799 Olds Avenue has 1,771 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,190 ft and across the front of the lot is 850 ft. The area measurement of the land has been determined as 10,115 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 401 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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, 4799 Olds Avenue sold most recently in Dec 1, 2020 for a total of $125,000. If you work out the math, that's approximately a cost of $70.58 per sqft. Before that, the property was also sold for $85,000 in Jan 1, 1970. 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 $1,700 in taxes each year. 4799 Olds Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $27,900. If we break it down further, the land itself was valued at $4,800. Improvements to the property, however, were assessed at a total of $23,100. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • 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
  • 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
  • Garage Type: Carport
  • Garage Square Area: 401
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,115
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,771
  • Gross Building Area: 1,771
  • Building Area: 1,771
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,771
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RALEIGH BARTLETT MEADOWS
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS OLDS AVE

Ownership

  • Current Owner : MUNGEN ELIZABETH A
  • Previous Owner : DOUGLAS SHARON
  • Previous Owner 2: HUGHES LISA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020541

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 27-76
  • District: O
  • Parcel: 08-7075-0-0041
  • Block: G
  • Lot: 88
  • Municipality: MEMPHIS
  • Latitude: 35.2164
  • Longitude: -89.9033

    Address

  • Full Address: 4799 Olds Ave
  • Address - House Number: 4799
  • Address - Street Name: Olds
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C014
  • 4-Digit Zip Code: 4844
  • Zip Code: 38128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,700

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 412,676
  • High Value: 600,364
  • Low Value: 224,987

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $171,957
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Jun 08, 2023
  • First Open Lien Mortgage Loan Amount: $171,957
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2053

    Market Valuation

  • Market Total Value: $111,600
  • Market Land Value: $19,200
  • Market Improvement Value: $92,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,900
  • Assessed Land Value: $4,800
  • Assessed Improvements Value: $23,100

    Sales

  • Current Sale Contract Date: Dec 01, 2020
  • Current Sale Recording Date: Jan 06, 2021
  • Current Sale Transaction ID: 11810241289
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21001764
  • Previous Sale Recording Date: Jun 02, 1995
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Mortgage Transaction Date: Jan 06, 2021
  • First Mortgage Loan Amount: $122,735
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2051

About Frayser - Raleigh PD



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Frequently Asked Questions

What neighborhood is 4799 Olds Avenue located in?
The 4799 Olds Avenue is a house located in the neighborhood of Frayser - Raleigh PD in Frayser - Raleigh PD, Memphis.
What is the average sales price for listings in 4799 Olds Avenue?
The average sales price for units in 4799 Olds Avenue is $119,000 currently.

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