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489 West Racquet Club Place

489 West Racquet Club Place, Memphis, TN 38117
Property in Shelby
Sold Apr 12, 2023
$465,000
$372,000 by Guaranteed Rate, Inc.
Mortgage Due Apr 01, 2053
Sold Jun 08, 2015
$375,000
$300,000 by Triumph Mortgage
Mortgage Due Jul 01, 2030
Local assessors in Memphis, TN have categorized 489 West Racquet Club Place as a residential type of property. The home was built in 1989 and is 35 years old. The property's lot size has been calculated to be 5,412 square feet. The linear feet between the front and back of the lot was measured at 1,320 ft and the front of the lot was measured at 410 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 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 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 489 West Racquet Club Place has a total of 5,094 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 attached garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 good. 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. 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. 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, 489 West Racquet Club Place was last sold in Mar 22, 2023 for $465,000. According to our calculations, that's $84.03 per sqft. Prior to that sales transaction, the property was sold for $375,000 in May 27, 2015. Current property owners are expected to pay $7,059 in taxes per year. The property on 489 West Racquet Club Place was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $115,875. To break that down further, the land itself was valued at $15,625. While improvements to the property were assessed at a total of $100,250. 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. 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!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: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Good
  • Building Quality: D
  • Building Style: Townhouse
  • Exterior Walls Type: Brick veneer
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,412
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 410
  • Total Building Area: 5,534
  • Gross Building Area: 5,534
  • Building Area: 5,094
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,094
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RACQUET CLUB PLAZA
  • Land Acres: 0.124
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: 37FT W OF W RACQUET CLUB PLAZA PL (PD) SEE MAP GRID# 154 D

Ownership

  • Current Owner : HE BO
  • Current Owner 2: WENG WEIPING
  • Previous Owner : WANG JING
  • Previous Owner 2: PO SEN
  • Owner Before Previous Owner: BURKE TERY R
  • Owner Before Previous Owner 2: BURKE BARBARA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009600

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 235-036
  • District: O
  • Parcel: 05-6033-C0-0043
  • Lot: 36
  • Municipality: MEMPHIS
  • Latitude: 35.1178
  • Longitude: -89.8905

    Address

  • Full Address: 489 W Racquet Club Pl
  • Address - House Number: 489
  • Street Direction: W
  • Address - Street Name: Racquet Club
  • Address - Suffix Type: Pl
  • State: TN
  • City Name: Memphis
  • Carrier Code: C010
  • 4-Digit Zip Code: 4522
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,059

    Appraisal Valuation

  • Standard Deviation: 0.2018
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 508,591
  • High Value: 611,225
  • Low Value: 405,956

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $372,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE, INC.
  • First Open Lien Mortgage Recording Date: Apr 12, 2023
  • First Open Lien Mortgage Loan Amount: $372,000
  • 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, 2053

    Market Valuation

  • Market Total Value: $463,500
  • Market Land Value: $62,500
  • Market Improvement Value: $401,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,875
  • Assessed Land Value: $15,625
  • Assessed Improvements Value: $100,250

    Sales

  • Current Sale Contract Date: Mar 22, 2023
  • Current Sale Recording Date: Apr 12, 2023
  • Current Sale Transaction ID: 11905006426
  • Current Sale Price: $465,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 28287
  • Previous Sale Recording Date: Jun 08, 2015
  • Previous Sale Contract Date: May 27, 2015
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE, INC.
  • First Mortgage Transaction Date: Apr 12, 2023
  • First Mortgage Loan Amount: $372,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: TRIUMPH MORTGAGE
  • Previous Mortgage Transaction Date: Jun 08, 2015
  • Previous Mortgage Loan Amount: $300,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2030

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Frequently Asked Questions

What neighborhood is 489 West Racquet Club Place located in?
The 489 West Racquet Club Place is a located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 489 West Racquet Club Place?
The average sales price for units in 489 West Racquet Club Place is $0 currently.

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