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5770 Shelby Oaks Drive

5770 Shelby Oaks Drive, Memphis, TN 38134
Commercial in Shelby
5770 Shelby Oaks Drive has been categorized by the local assessors in Memphis, TN as a recreational type of property. The building on the property was first built in 1989 and is 35 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5770 Shelby Oaks Drive has 41,700 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 236,095 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of concrete block. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a 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, 5770 Shelby Oaks Drive sold most recently in Aug 17, 2023 for a total of $1,780,000. If you work out the math, that's approximately a cost of $42.69 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 $50,239 in taxes each year. 5770 Shelby Oaks Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $824,720. If we break it down further, the land itself was valued at $200,320. Improvements to the property, however, were assessed at a total of $624,400. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201231
12/31/2020
Loft
-
-
$400,000
bedrooms
Loft
bathrooms
-
-
-
-
-
20200115
01/15/2020
Loft
-
-
$1,250,000
bedrooms
Loft
bathrooms
-
-
-
-
-
20190101
01/01/2019
Studio
-
-
$1,500,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 236,095
  • Total Building Area: 41,700
  • Gross Building Area: 41,700
  • Building Area: 41,700
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 41,700
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Recreational
  • Land Acres: 5.42
  • Standard Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: NS SHELBY OAKS DRIVE MAP:128B

Ownership

  • Current Owner : JEFRRIES HOLDINGS LLC
  • Previous Owner : MEMPHIS MUSIC GROUP FOR PERFORMING ARTS
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021111

Zoning

  • Zoning: CMU-3

Geography

  • Parcel: 08-9001-0-0009C
  • Municipality: MEMPHIS
  • Latitude: 35.1635
  • Longitude: -89.8714

    Address

  • Full Address: 5770 Shelby Oaks Dr
  • Address - House Number: 5770
  • Address - Street Name: Shelby Oaks
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C021
  • 4-Digit Zip Code: 7315
  • Zip Code: 38134

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $50,239

    Market Valuation

  • Market Total Value: $2,061,800
  • Market Land Value: $500,800
  • Market Improvement Value: $1,561,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $824,720
  • Assessed Land Value: $200,320
  • Assessed Improvements Value: $624,400

    Sales

  • Current Sale Contract Date: Aug 17, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Transaction ID: 11911770276
  • Current Sale Price: $1,780,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 72747

About Memphis



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Frequently Asked Questions

What neighborhood is 5770 Shelby Oaks Drive located in?
The 5770 Shelby Oaks Drive is a commercial located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 5770 Shelby Oaks Drive?
The average sales price for units in 5770 Shelby Oaks Drive is $0 currently.

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