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5429 Walnut Grove Road

5429 Walnut Grove Road, Memphis, TN 38120
House in Shelby
Sold Oct 06, 2022
$540,000
$432,000 by Evolve Bank & Trust
Mortgage Due Nov 01, 2052
Sold Feb 15, 2019
$320,000
5429 Walnut 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 1966 and is 58 years old. The home has a total of 10 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5429 Walnut Grove Road has 3,834 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 2,050 ft and across the front of the lot is 1,100 ft. The area measurement of the land has been determined as 22,790 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 carport for those who require parking. The garage measured 441 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. 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. 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, 5429 Walnut Grove Road was last sold in Oct 3, 2022 for $540,000. According to our calculations, that's $140.85 per sqft. Prior to that sales transaction, the property was sold for $320,000 in Feb 12, 2019. Current property owners are expected to pay $6,972 in taxes per year. The property on 5429 Walnut Grove Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $100,750. To break that down further, the land itself was valued at $22,350. While improvements to the property were assessed at a total of $78,400. 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.

Building Features

Parking

Carport

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • 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: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 441
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 22,790
  • Lot Size Depth Feet: 2,050
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 3,834
  • Gross Building Area: 3,834
  • Building Area: 3,834
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,834
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALNUT GROVE VILLAGE 2ND ADDN
  • Land Acres: 0.523
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HOUSE JOSHUA D
  • Current Owner 2: HOUSE MARISSA L
  • Previous Owner : ADAMS LEIGH NEVILL
  • Owner Before Previous Owner: STUDEBAKER STEVEN J
  • Owner Before Previous Owner 2: STUDEBAKER DAVID E
  • Ownership Rights Codes: Husband and wife
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 06-8024-0-0007
  • Lot: 5
  • Municipality: MEMPHIS
  • Latitude: 35.1307
  • Longitude: -89.8809

    Address

  • Full Address: 5429 Walnut Grove Rd
  • Address - House Number: 5429
  • Address - Street Name: Walnut Grove
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C028
  • 4-Digit Zip Code: 1930
  • Zip Code: 38120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,972

    Appraisal Valuation

  • Standard Deviation: 0.231
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 555,165
  • High Value: 683,455
  • Low Value: 426,874

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $477,000
  • First Open Lien Mortgage Lender: EVOLVE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Oct 06, 2022
  • First Open Lien Mortgage Loan Amount: $432,000
  • 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: Nov 01, 2052
  • Second Open Lien Mortgage Lender: EVOLVE BANK & TRUST
  • Second Open Lien Mortgage Recording Date: Aug 14, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $45,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Feb 21, 2043

    Market Valuation

  • Market Total Value: $403,000
  • Market Land Value: $89,400
  • Market Improvement Value: $313,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,750
  • Assessed Land Value: $22,350
  • Assessed Improvements Value: $78,400

    Sales

  • Current Sale Contract Date: Oct 03, 2022
  • Current Sale Recording Date: Oct 06, 2022
  • Current Sale Transaction ID: 11896890002
  • Current Sale Price: $540,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 112109
  • Previous Sale Recording Date: Feb 15, 2019
  • Previous Sale Contract Date: Feb 12, 2019
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVOLVE BANK & TRUST
  • First Mortgage Transaction Date: Oct 06, 2022
  • First Mortgage Loan Amount: $432,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2052

About Memphis



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Nearby Rentals

Unit for rent at

$1,071 /mo

  • 1 Bed
  • 1 Bath
  • 825 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 5429 Walnut Grove Road located in?
The 5429 Walnut Grove Road is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 5429 Walnut Grove Road?
The average sales price for units in 5429 Walnut Grove Road is $0 currently.

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