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5633 Rich Road

5633 Rich Road, Memphis, TN 38120
House in Shelby
Sold Nov 07, 2017
$245,000
$223,300 by Mortgage Investors Group Inc
Mortgage Due Nov 01, 2047
Sold Oct 13, 2017
$245,000
$223,300 by Mortgage Investors Group Inc
Mortgage Due Nov 01, 2047
Local assessors in Memphis, TN have categorized 5633 Rich Road as a residential type of property. The home was built in 1959 and is 65 years old. It was most recently renovated and altered in 2004. The property's lot size has been calculated to be 12,000 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5633 Rich Road has a total of 1,710 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 400 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The building has a gable style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5633 Rich Road was last sold in Oct 5, 2017 for $245,000. According to our calculations, that's $143.27 per sqft. Prior to that sales transaction, the property was sold for $245,000 in Oct 5, 2017. Current property owners are expected to pay $4,368 in taxes per year. The property on 5633 Rich Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $71,700. To break that down further, the land itself was valued at $19,125. While improvements to the property were assessed at a total of $52,575. 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: 1959
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • 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: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,710
  • Gross Building Area: 1,710
  • Building Area: 1,710
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,710
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SYLVAN HILLS RE S/D
  • Land Acres: 0.276
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : COOPER ELISABETH NICOLE
  • Previous Owner : MORRIS GILBERT RUSSELL
  • Previous Owner 2: MORRIS LESLIE CARTER
  • Owner Before Previous Owner: MORRIS GILBERT RUSSELL
  • Owner Before Previous Owner 2: MORRIS LESLIE CARTER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009202

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 06-8050-0-0003
  • Lot: 100
  • Municipality: MEMPHIS
  • Latitude: 35.1345
  • Longitude: -89.8742

    Address

  • Full Address: 5633 Rich Rd
  • Address - House Number: 5633
  • Address - Street Name: Rich
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C028
  • 4-Digit Zip Code: 2075
  • Zip Code: 38120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,368

    Appraisal Valuation

  • Standard Deviation: 0.2016
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 379,473
  • High Value: 455,989
  • Low Value: 302,957

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $223,300
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Oct 13, 2017
  • First Open Lien Mortgage Loan Amount: $223,300
  • 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, 2047

    Market Valuation

  • Market Total Value: $286,800
  • Market Land Value: $76,500
  • Market Improvement Value: $210,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,700
  • Assessed Land Value: $19,125
  • Assessed Improvements Value: $52,575

    Sales

  • Current Sale Contract Date: Oct 05, 2017
  • Current Sale Recording Date: Nov 07, 2017
  • Current Sale Transaction ID: 11295600335
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17115043
  • Previous Sale Recording Date: Oct 13, 2017
  • Previous Sale Contract Date: Oct 05, 2017
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • Previous Mortgage Transaction Date: Oct 13, 2017
  • Previous Mortgage Loan Amount: $223,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2047

About Memphis



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Frequently Asked Questions

What neighborhood is 5633 Rich Road located in?
The 5633 Rich Road is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 5633 Rich Road?
The average sales price for units in 5633 Rich Road is $0 currently.

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