Check Availability

509 North McNeil Street

509 North McNeil Street, Memphis, TN 38112
Sold Nov 27, 2019
$218,000
$174,400 by Financial Federal Bank
Mortgage
Sold Apr 16, 2004
$159,900
$127,920 by Union Planters Bank Na
Mortgage Due Apr 15, 2009
509 North McNeil Street in Memphis, TN was first built in 1930 and is 94 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 509 North McNeil Street has 2,656 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,450. In total, the area measurement of the land is 5,800 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of composition shingle. For those who need parking, there is a detached garage. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 509 North McNeil Street was last sold in Nov 18, 2019 for $218,000. According to our calculations, that's $82.08 per sqft. Prior to that sales transaction, the property was sold for $159,900 in Apr 14, 2004. Current property owners are expected to pay $4,954 in taxes per year. The property on 509 North McNeil Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $81,320. To break that down further, the land itself was valued at $13,880. While improvements to the property were assessed at a total of $67,440. 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. 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!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: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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 Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,800
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,656
  • Gross Building Area: 2,917
  • Building Area: 2,656
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,656
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HORN BROS
  • Land Acres: 0.133
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: WS MCNEIL

Ownership

  • Current Owner : 509 N MCNEIL ST LLC
  • Previous Owner : DIXIT PROPERTY & HOLDINGS INC
  • Owner Before Previous Owner: TERRACE INVESTMENTS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002500

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 6-16
  • District: O
  • Parcel: 02-0032-0-0008
  • Lot: PT29
  • Municipality: MEMPHIS
  • Latitude: 35.1524
  • Longitude: -90.0108

    Address

  • Full Address: 509 N Mcneil St
  • Address - House Number: 509
  • Street Direction: N
  • Address - Street Name: Mcneil
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C066
  • 4-Digit Zip Code: 4909
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,954

    Appraisal Valuation

  • Standard Deviation: 0.2192
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 336,215
  • High Value: 409,929
  • Low Value: 262,501

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $174,400
  • First Open Lien Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Nov 27, 2019
  • First Open Lien Mortgage Loan Amount: $174,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $203,300
  • Market Land Value: $34,700
  • Market Improvement Value: $168,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,320
  • Assessed Land Value: $13,880
  • Assessed Improvements Value: $67,440

    Sales

  • Current Sale Contract Date: Nov 18, 2019
  • Current Sale Recording Date: Nov 27, 2019
  • Current Sale Transaction ID: 11704680953
  • Current Sale Price: $218,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19123730
  • Previous Sale Recording Date: Apr 16, 2004
  • Previous Sale Contract Date: Apr 14, 2004
  • Previous Sale Amount: $159,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Mortgage Transaction Date: Nov 27, 2019
  • First Mortgage Loan Amount: $174,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: UNION PLANTERS BANK NA
  • Previous Mortgage Transaction Date: Apr 16, 2004
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $127,920
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Apr 15, 2009

About Midtown



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 2 Beds
  • 1 Bath
Listing by Kodi Boyce
Unit for rent at

$1,950 /mo

  • 2 Beds
  • 2.5 Baths
Listing by Jennifer Boyd
Unit for rent at

$1,900 /mo

  • 3 Beds
  • 1 Bath
Listing by Todd Adams
Unit for rent at

$1,900 /mo

  • 3 Beds
  • 2 Baths
Listing by Kamilah Brown
Unit for rent at

$1,795 /mo

  • 3 Beds
  • 2 Baths
Listing by Christopher Peak
Unit for rent at

$1,799 /mo

  • 2 Beds
  • 2 Baths
  • 1,303 ft²
Listing by Manager
Unit for rent at

$1,695 /mo

  • 2 Beds
  • 2 Baths
  • 608 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 509 North McNeil Street located in?
The 509 North McNeil Street is a multifamily located in the neighborhood of Evergreen Historic District in Midtown, Memphis.
What is the average sales price for listings in 509 North McNeil Street?
The average sales price for units in 509 North McNeil Street is $0 currently.

Quantcast