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5672 Myers Road

5672 Myers Road, Memphis, TN 38115
Multifamily in Shelby
Sold May 29, 2020
$88,000
5672 Myers 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 1972 and is 52 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 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, 5672 Myers Road has 2,407 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 1,050 ft and across the front of the lot is 850 ft. The area measurement of the land has been determined as 8,925 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. Residents will have the luxury of enjoying 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 roof of the building is 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. 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, 5672 Myers Road sold most recently in May 27, 2020 for a total of $88,000. If you work out the math, that's approximately a cost of $36.56 per sqft. 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 $2,088 in taxes each year. 5672 Myers Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $34,280. If we break it down further, the land itself was valued at $5,400. Improvements to the property, however, were assessed at a total of $28,880. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • 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: 8,925
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,407
  • Gross Building Area: 2,407
  • Building Area: 2,407
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,407
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HERITAGE COLONY 1ST ADDN REV
  • Land Acres: 0.205
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: N S MYERS RD COR IRONWOOD DR NW

Ownership

  • Current Owner : PHAN ANNIE T
  • Previous Owner : FAIRLY ROBERT C

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021731

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 37-28
  • District: O
  • Parcel: 09-3417-E0-0081
  • Block: B
  • Lot: 103
  • Municipality: MEMPHIS
  • Latitude: 35.0455
  • Longitude: -89.8744

    Address

  • Full Address: 5672 Myers Rd
  • Address - House Number: 5672
  • Address - Street Name: Myers
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C083
  • 4-Digit Zip Code: 4905
  • Zip Code: 38115

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,088

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 151,609
  • High Value: 168,133
  • Low Value: 135,085

    Market Valuation

  • Market Total Value: $85,700
  • Market Land Value: $13,500
  • Market Improvement Value: $72,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,280
  • Assessed Land Value: $5,400
  • Assessed Improvements Value: $28,880

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: May 29, 2020
  • Current Sale Transaction ID: 11762142566
  • Current Sale Price: $88,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20054214

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Frequently Asked Questions

What neighborhood is 5672 Myers Road located in?
The 5672 Myers Road is a multifamily located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 5672 Myers Road?
The average sales price for units in 5672 Myers Road is $0 currently.

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