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513 Eastern Drive

513 Eastern Drive, Memphis, TN 38122
Property in Shelby
Sold Jan 31, 2013
$58,500
$5,743 by Patriot Bank
Mortgage Due Feb 01, 2043
513 Eastern Drive in Memphis, TN was first built in 1947 and is 77 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 Cape Cod style. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 513 Eastern Drive has 888 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 700 ft and the linear feet between the front and back of the lot is 1,700. In total, the area measurement of the land is 17,943 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a detached garage. The garage is 720 sqft. 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 alum/vinyl siding. 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. 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, 513 Eastern Drive was last sold in Jan 28, 2013 for $58,500. According to our calculations, that's $65.88 per sqft. Current property owners are expected to pay $1,570 in taxes per year. The property on 513 Eastern Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $25,775. To break that down further, the land itself was valued at $7,575. While improvements to the property were assessed at a total of $18,200. 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: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 720
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,943
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 700
  • Total Building Area: 888
  • Gross Building Area: 888
  • Building Area: 888
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 888
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JER-DEL TERRACE
  • Land Acres: 0.412
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS EASTERN COR SAM COOPER SEE MAP GRID 129 O

Ownership

  • Current Owner : MEACHAM CHRISTINE C
  • Previous Owner : WILKES LARRY G
  • Previous Owner 2: WILKES SHERRY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008600

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 011-061
  • District: O
  • Parcel: 05-5029-0-0019C
  • Lot: 69&70
  • Municipality: MEMPHIS
  • Latitude: 35.1454
  • Longitude: -89.9202

    Address

  • Full Address: 513 Eastern Dr
  • Address - House Number: 513
  • Address - Street Name: Eastern
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C055
  • 4-Digit Zip Code: 4035
  • Zip Code: 38122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,570

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 409,723
  • High Value: 596,068
  • Low Value: 223,377

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,743
  • First Open Lien Mortgage Lender: PATRIOT BANK
  • First Open Lien Mortgage Recording Date: Jan 31, 2013
  • First Open Lien Mortgage Loan Amount: $5,743
  • 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: Feb 01, 2043

    Market Valuation

  • Market Total Value: $103,100
  • Market Land Value: $30,300
  • Market Improvement Value: $72,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,775
  • Assessed Land Value: $7,575
  • Assessed Improvements Value: $18,200

    Sales

  • Current Sale Contract Date: Jan 28, 2013
  • Current Sale Recording Date: Jan 31, 2013
  • Current Sale Transaction ID: 1176609160
  • Current Sale Price: $58,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13014147

    Last Sale Mortgage

  • First Mortgage Lender: PATRIOT BANK
  • First Mortgage Transaction Date: Jan 31, 2013
  • First Mortgage Loan Amount: $5,743
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2043

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Frequently Asked Questions

What neighborhood is 513 Eastern Drive located in?
The 513 Eastern Drive is a located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 513 Eastern Drive?
The average sales price for units in 513 Eastern Drive is $0 currently.

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