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5573 Sweet Gum Drive

5573 Sweet Gum Drive, Memphis, TN 38134
Sold Jul 26, 2019
$147,000
$146,000 by Bancorpsouth Bank
Mortgage Due Aug 01, 2049
Sold May 31, 2007
$112,500
$112,500 by Suntrust Mortgage Inc
Mortgage Due Jun 01, 2037
5573 Sweet Gum Drive in Memphis, TN was first built in 1974 and is 50 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 contemporary style. There are a total of 1 floors. There are a total of 6 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. 5573 Sweet Gum Drive has 2,160 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 1,000 ft and the linear feet between the front and back of the lot is 1,260. In total, the area measurement of the land is 12,600 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. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. 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 average. 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, 5573 Sweet Gum Drive was last sold in Jul 26, 2019 for $147,000. According to our calculations, that's $68.06 per sqft. Prior to that sales transaction, the property was sold for $112,500 in May 24, 2007. Current property owners are expected to pay $2,140 in taxes per year. The property on 5573 Sweet Gum Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $35,125. To break that down further, the land itself was valued at $5,000. While improvements to the property were assessed at a total of $30,125. 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. 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.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

Driveway

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

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,600
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,160
  • Gross Building Area: 2,160
  • Building Area: 2,160
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,160
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BLUE RIDGE PARK 1ST ADDN
  • Land Acres: 0.289
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS MONTREAT DR COR SWEET GUM DR SW

Ownership

  • Current Owner : BADILLO ANALY
  • Previous Owner : FORINASH TIMOTHY
  • Previous Owner 2: FORINASH HEATHER
  • Owner Before Previous Owner: LOEFFEL JAMES H
  • Owner Before Previous Owner 2: LOEFFEL DEENA W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 020610

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 44-73
  • District: O
  • Parcel: 08-8050-0-0002
  • Lot: 84
  • Municipality: MEMPHIS
  • Latitude: 35.1821
  • Longitude: -89.8776

    Address

  • Full Address: 5573 Sweet Gum Dr
  • Address - House Number: 5573
  • Address - Street Name: Sweet Gum
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C034
  • 4-Digit Zip Code: 6623
  • Zip Code: 38134

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,140

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 422,713
  • High Value: 614,966
  • Low Value: 230,459

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $146,000
  • First Open Lien Mortgage Lender: BANCORPSOUTH BANK
  • First Open Lien Mortgage Recording Date: Jul 26, 2019
  • First Open Lien Mortgage Loan Amount: $146,000
  • 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: Aug 01, 2049

    Market Valuation

  • Market Total Value: $140,500
  • Market Land Value: $20,000
  • Market Improvement Value: $120,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,125
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $30,125

    Sales

  • Current Sale Contract Date: Jul 26, 2019
  • Current Sale Recording Date: Jul 26, 2019
  • Current Sale Transaction ID: 11628224971
  • Current Sale Price: $147,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19075175
  • Previous Sale Recording Date: May 31, 2007
  • Previous Sale Contract Date: May 24, 2007
  • Previous Sale Amount: $112,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORPSOUTH BANK
  • First Mortgage Transaction Date: Jul 26, 2019
  • First Mortgage Loan Amount: $146,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: May 31, 2007
  • Previous Mortgage Loan Amount: $112,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2037

About Blue Ridge Park



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Frequently Asked Questions

What neighborhood is 5573 Sweet Gum Drive located in?
The 5573 Sweet Gum Drive is a house located in the neighborhood of Blue Ridge Park in Blue Ridge Park, Memphis.
What is the average sales price for listings in 5573 Sweet Gum Drive?
The average sales price for units in 5573 Sweet Gum Drive is $144,000 currently.

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