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5179 Shady Grove Road

5179 Shady Grove Road, Memphis, TN 38117
House in Shelby
Sold May 12, 2022
$740,000
$465,000 by Cadence Bank
Mortgage Due Jun 01, 2052
Sold Nov 04, 2020
$625,000
$437,500 by Community Mortgage Corp
Mortgage Due Nov 01, 2050
5179 Shady Grove Road 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. However, we must point out that the home was most recently renovated and altered in 1994. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5179 Shady Grove Road has 2,968 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 3,170 ft and across the front of the lot is 1,280 ft. The area measurement of the land has been determined as 36,972 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 attached garage for those who require parking. The garage measured 408 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. 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 gable 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, 5179 Shady Grove Road sold most recently in May 3, 2022 for a total of $740,000. If you work out the math, that's approximately a cost of $219.19 per sqft. Before that, the property was also sold for $625,000 in Oct 30, 2020. 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 $9,198 in taxes each year. 5179 Shady Grove Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $151,000. If we break it down further, the land itself was valued at $50,900. Improvements to the property, however, were assessed at a total of $100,100. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Driveway

Driveway

Parking

Attached Garage
Open Parking
Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Average
  • Building Quality: D
  • 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: Attached
  • Garage Square Area: 408
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 36,972
  • Lot Size Depth Feet: 3,170
  • Lot Size Frontage Feet: 1,280
  • Total Building Area: 3,376
  • Gross Building Area: 3,376
  • Building Area: 2,968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,968
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.849
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS SHADY GROVE RD 395.98 FT W OF WHITE STATION RD

Ownership

  • Current Owner : LAWLER CHENEY PAUL
  • Current Owner 2: LAWLER JANE POPE
  • Previous Owner : WATSON NELSON LARS
  • Previous Owner 2: WATSON AUBREY D
  • Owner Before Previous Owner: MATHEWS BENJAMIN A
  • Owner Before Previous Owner 2: VANSLAYTMAN SHAREEZA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 05-6028-0-0004
  • Municipality: MEMPHIS
  • Latitude: 35.1237
  • Longitude: -89.8892

    Address

  • Full Address: 5179 Shady Grove Rd
  • Address - House Number: 5179
  • Address - Street Name: Shady Grove
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C045
  • 4-Digit Zip Code: 3447
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,198

    Appraisal Valuation

  • Standard Deviation: 0.2327
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 661,218
  • High Value: 815,098
  • Low Value: 507,337

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $465,000
  • First Open Lien Mortgage Lender: CADENCE BANK
  • First Open Lien Mortgage Recording Date: May 12, 2022
  • First Open Lien Mortgage Loan Amount: $465,000
  • 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, 2052

    Market Valuation

  • Market Total Value: $604,000
  • Market Land Value: $203,600
  • Market Improvement Value: $400,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $151,000
  • Assessed Land Value: $50,900
  • Assessed Improvements Value: $100,100

    Sales

  • Current Sale Contract Date: May 03, 2022
  • Current Sale Recording Date: May 12, 2022
  • Current Sale Transaction ID: 11887338446
  • Current Sale Price: $740,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 53692
  • Previous Sale Recording Date: Nov 04, 2020
  • Previous Sale Contract Date: Oct 30, 2020
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CADENCE BANK
  • First Mortgage Transaction Date: May 12, 2022
  • First Mortgage Loan Amount: $465,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Nov 04, 2020
  • Previous Mortgage Loan Amount: $437,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2050

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Frequently Asked Questions

What neighborhood is 5179 Shady Grove Road located in?
The 5179 Shady Grove Road is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 5179 Shady Grove Road?
The average sales price for units in 5179 Shady Grove Road is $0 currently.

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