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5141 Walnut Grove Road

5141 Walnut Grove Road, Memphis, TN 38117
House in Shelby
Sold May 27, 2021
$410,000
$328,000 by Bank Of England
Mortgage Due Jun 01, 2051
Sold Jul 19, 2018
$310,000
$210,000 by Quicken Loans Inc
Mortgage Due Aug 01, 2038
5141 Walnut Grove Road in Memphis, TN was first built in 1955 and is 69 years old. Although, the building on the property was most recently renovated and altered in 1990. 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. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5141 Walnut Grove Road has 2,412 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 1,420 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 21,300 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a carport. The garage is 504 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as good. 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. The property was last sold in May 20, 2021 for $410,000. That's $169.98 per sqft. Prior to that sales transaction, the property was also sold in Jul 18, 2018 for $310,000. 5141 Walnut Grove Road was last assessed in 2022. The total value of the property was assessed at $82,175. Specifically, the land the property is located on was valued at $21,200. While improvements on the property were assessed at a total of $60,975. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,006. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1955
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Building Quality: A
  • 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: 504
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,300
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,420
  • Total Building Area: 2,412
  • Gross Building Area: 2,412
  • Building Area: 2,412
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,412
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALNUT GROVE VILLAGE
  • Land Acres: 0.489
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CONTI MICHAEL
  • Previous Owner : LANE JACK L
  • Previous Owner 2: LANE PAMELA F
  • Owner Before Previous Owner: ARMSTRONG NEIL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 05-6021-0-0006
  • Lot: 9
  • Municipality: MEMPHIS
  • Latitude: 35.1302
  • Longitude: -89.8907

    Address

  • Full Address: 5141 Walnut Grove Rd
  • Address - House Number: 5141
  • Address - Street Name: Walnut Grove
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C003
  • 4-Digit Zip Code: 2700
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,006

    Appraisal Valuation

  • Standard Deviation: 0.2312
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 451,822
  • High Value: 556,300
  • Low Value: 347,343

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $328,000
  • First Open Lien Mortgage Lender: BANK OF ENGLAND
  • First Open Lien Mortgage Recording Date: May 27, 2021
  • First Open Lien Mortgage Loan Amount: $328,000
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $328,700
  • Market Land Value: $84,800
  • Market Improvement Value: $243,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,175
  • Assessed Land Value: $21,200
  • Assessed Improvements Value: $60,975

    Sales

  • Current Sale Contract Date: May 20, 2021
  • Current Sale Recording Date: May 27, 2021
  • Current Sale Transaction ID: 11836188049
  • Current Sale Price: $410,000
  • Current Sale Document Type: Administrator's Deed
  • Current Sale Input Document Number: 21064431
  • Previous Sale Recording Date: Jul 19, 2018
  • Previous Sale Contract Date: Jul 18, 2018
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF ENGLAND
  • First Mortgage Transaction Date: May 27, 2021
  • First Mortgage Loan Amount: $328,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Jul 19, 2018
  • Previous Mortgage Loan Amount: $210,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2038

About Memphis



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Frequently Asked Questions

What neighborhood is 5141 Walnut Grove Road located in?
The 5141 Walnut Grove Road is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 5141 Walnut Grove Road?
The average sales price for units in 5141 Walnut Grove Road is $0 currently.

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