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5048 Parkside Avenue

5048 Parkside Avenue, Memphis, TN 38117
Sold Mar 22, 2019
$145,000
Buyer
Seller
$140,650 by Triumph Mortgage
Mortgage Due Apr 01, 2049
Sold Jun 07, 2007
$108,000
$108,000 by Usaa Fsb
Mortgage Due Jul 01, 2037
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5048 Parkside 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 1954 and is 70 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5048 Parkside Avenue has 1,197 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 1,200 ft and across the front of the lot is 640 ft. The area measurement of the land has been determined as 7,680 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 190 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying both a unknown and 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 hip 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, 5048 Parkside Avenue sold most recently in Mar 21, 2019 for a total of $145,000. If you work out the math, that's approximately a cost of $121.14 per sqft. Before that, the property was also sold for $108,000 in Jun 1, 2007. 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 $2,322 in taxes each year. 5048 Parkside Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $38,125. If we break it down further, the land itself was valued at $7,050. Improvements to the property, however, were assessed at a total of $31,075. 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. 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!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

Driveway

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

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 190
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 7,680
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 640
  • Total Building Area: 1,197
  • Gross Building Area: 1,197
  • Building Area: 1,197
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,197
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GLEN PARK 3RD ADDITION
  • Land Acres: 0.176
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CARDOSI ERIN
  • Previous Owner : REED JAMES R
  • Owner Before Previous Owner: MEDLOCK DAVID MICHAEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009501

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MAP 19 11
  • District: O
  • Parcel: 06-7013-0-0023
  • Lot: 95
  • Municipality: MEMPHIS
  • Latitude: 35.0988
  • Longitude: -89.8936

    Address

  • Full Address: 5048 Parkside Ave
  • Address - House Number: 5048
  • Address - Street Name: Parkside
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C008
  • 4-Digit Zip Code: 6344
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,322

    Appraisal Valuation

  • Standard Deviation: 0.2516
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 223,739
  • High Value: 280,042
  • Low Value: 167,436

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $140,650
  • First Open Lien Mortgage Lender: TRIUMPH MORTGAGE
  • First Open Lien Mortgage Recording Date: Mar 22, 2019
  • First Open Lien Mortgage Loan Amount: $140,650
  • 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, 2049

    Market Valuation

  • Market Total Value: $152,500
  • Market Land Value: $28,200
  • Market Improvement Value: $124,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,125
  • Assessed Land Value: $7,050
  • Assessed Improvements Value: $31,075

    Sales

  • Current Sale Contract Date: Mar 21, 2019
  • Current Sale Recording Date: Mar 22, 2019
  • Current Sale Transaction ID: 11591105595
  • Current Sale Price: $145,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19027068
  • Previous Sale Recording Date: Jun 07, 2007
  • Previous Sale Contract Date: Jun 01, 2007
  • Previous Sale Amount: $108,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRIUMPH MORTGAGE
  • First Mortgage Transaction Date: Mar 22, 2019
  • First Mortgage Loan Amount: $140,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: Jun 07, 2007
  • Previous Mortgage Loan Amount: $108,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2037

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Frequently Asked Questions

What neighborhood is 5048 Parkside Avenue located in?
The 5048 Parkside Avenue is a house located in the neighborhood of Sea Isle Park in Sea Isle Park, Memphis.
What is the average sales price for listings in 5048 Parkside Avenue?
The average sales price for units in 5048 Parkside Avenue is $0 currently.

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