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5198 Marlboro Court

5198 Marlboro Court, Memphis, TN 38125
Property in Pinnacle Point
Sold Aug 04, 2021
$300,000
$230,400 by Memphis City Employees Cu
Mortgage Due Aug 01, 2041
Sold Sep 05, 2017
$187,000
$158,850 by Simmons Bank
Mortgage
5198 Marlboro Court in Memphis, TN was first built in 1989 and is 35 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. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 5198 Marlboro Court has 2,555 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 340 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 18,456 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 attached garage. The garage is 1,000 sqft. There are a total of 4 available parking spaces. 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, 5198 Marlboro Court was last sold in Jul 30, 2021 for $300,000. According to our calculations, that's $84.39 per sqft. Prior to that sales transaction, the property was sold for $187,000 in Aug 23, 2017. Current property owners are expected to pay $1,640 in taxes per year. The property on 5198 Marlboro Court was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $48,375. To break that down further, the land itself was valued at $13,975. While improvements to the property were assessed at a total of $34,400. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • 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: 1,000
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 18,456
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 340
  • Total Building Area: 3,555
  • Gross Building Area: 3,555
  • Building Area: 2,555
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,555
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHIPPENDALE ESTATES SEC B
  • Land Acres: 0.424
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES MARLBORO COURT

Ownership

  • Current Owner : VARNADO WILLIAM E
  • Current Owner 2: VARNADO ESTELLE LAVON
  • Previous Owner : JOHNSON MAURICE
  • Owner Before Previous Owner: WARD URIETA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021751

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 131-75
  • District: S
  • Parcel: D0-255L-C0-0012
  • Lot: 41
  • Municipality: SHELBY COUNTY
  • Latitude: 35.0065
  • Longitude: -89.8189

    Address

  • Full Address: 5198 Marlboro Ct
  • Address - House Number: 5198
  • Address - Street Name: Marlboro
  • Address - Suffix Type: Ct
  • State: TN
  • City Name: Memphis
  • Carrier Code: R027
  • 4-Digit Zip Code: 4545
  • Zip Code: 38125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,640

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 316,091
  • High Value: 392,484
  • Low Value: 239,699

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $230,400
  • First Open Lien Mortgage Lender: MEMPHIS CITY EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Aug 04, 2021
  • First Open Lien Mortgage Loan Amount: $230,400
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2041

    Market Valuation

  • Market Total Value: $193,500
  • Market Land Value: $55,900
  • Market Improvement Value: $137,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,375
  • Assessed Land Value: $13,975
  • Assessed Improvements Value: $34,400

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 04, 2021
  • Current Sale Transaction ID: 11845879963
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21096417
  • Previous Sale Recording Date: Sep 05, 2017
  • Previous Sale Contract Date: Aug 23, 2017
  • Previous Sale Amount: $187,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MEMPHIS CITY EMPLOYEES CU
  • First Mortgage Transaction Date: Aug 04, 2021
  • First Mortgage Loan Amount: $230,400
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: SIMMONS BANK
  • Previous Mortgage Transaction Date: Sep 05, 2017
  • Previous Mortgage Loan Amount: $158,850
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Pinnacle Point



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Frequently Asked Questions

What neighborhood is 5198 Marlboro Court located in?
The 5198 Marlboro Court is a located in the neighborhood of Pinnacle Point in Pinnacle Point, Memphis.
What is the average sales price for listings in 5198 Marlboro Court?
The average sales price for units in 5198 Marlboro Court is $0 currently.

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