Check Availability

586 Shotwell Street

586 Shotwell Street, Memphis, TN 38111
Sold Sep 19, 2018
$130,000
$320,000 by Firstbank
Mortgage Due Nov 07, 2024
Local assessors in Memphis, TN have categorized 586 Shotwell Street as a residential type of property. The home was built in 1942 and is 82 years old. The property's lot size has been calculated to be 7,789 square feet. The linear feet between the front and back of the lot was measured at 1,730 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage 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, 3 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 is one full bathroom. There is also a partial bathroom. 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 586 Shotwell Street has a total of 1,542 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. Do you like to entertain? The home has a unknown so you'll have a great option in the front 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 - D. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding 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. 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, 586 Shotwell Street was last sold in Sep 17, 2018 for $130,000. According to our calculations, that's $84.31 per sqft. Current property owners are expected to pay $2,222 in taxes per year. The property on 586 Shotwell Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $36,475. To break that down further, the land itself was valued at $5,475. While improvements to the property were assessed at a total of $31,000. 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. 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. 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: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • Exterior Walls Type: Alum/Vinyl siding
  • 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: 7,789
  • Lot Size Depth Feet: 1,730
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,542
  • Gross Building Area: 1,542
  • Building Area: 1,542
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,542
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: W L SPENCERS RE
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SCHOOL PLACE E S SHOTWELL

Ownership

  • Current Owner : RIVERA JUAN
  • Previous Owner : MCREYNOLDS JUDITH

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007400

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-6048-0-0033
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.1153
  • Longitude: -89.9309

    Address

  • Full Address: 586 Shotwell St
  • Address - House Number: 586
  • Address - Street Name: Shotwell
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C069
  • 4-Digit Zip Code: 7521
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,222

    Appraisal Valuation

  • Standard Deviation: 0.268
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 218,638
  • High Value: 277,233
  • Low Value: 160,042

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $320,000
  • First Open Lien Mortgage Lender: FIRSTBANK
  • First Open Lien Mortgage Recording Date: Dec 02, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $320,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Nov 07, 2024

    Market Valuation

  • Market Total Value: $145,900
  • Market Land Value: $21,900
  • Market Improvement Value: $124,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,475
  • Assessed Land Value: $5,475
  • Assessed Improvements Value: $31,000

    Sales

  • Current Sale Contract Date: Sep 17, 2018
  • Current Sale Recording Date: Sep 19, 2018
  • Current Sale Transaction ID: 11507131640
  • Current Sale Price: $130,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18096062

About Jackson - University Area



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 3750 Poplar, Memphis, TN, 38111

$1,295 /mo

  • 1 Bed
  • 1 Bath
3750 Poplar, Memphis, TN, 38111 Listing by Chris Garland
Unit for rent at 3668 Aurora, Memphis, TN, 38111

$3,975 /mo

  • 4 Beds
  • 2.5 Baths
3668 Aurora, Memphis, TN, 38111 Listing by Margie O'Neal
Unit for rent at 80 S Highland, Memphis, TN, 38111

$2,700 /mo

  • 3 Beds
  • 2 Baths
80 S Highland, Memphis, TN, 38111 Listing by Don Cockroft
Unit for rent at 4944 Princeton Grove Cv, Memphis, TN, 38117

$3,500 /mo

  • 4 Beds
  • 3 Baths
4944 Princeton Grove Cv, Memphis, TN, 38117 Listing by Janie Courser
Unit for rent at 4977 Fairfield, Memphis, TN, 38117

$2,350 /mo

  • 3 Beds
  • 2 Baths
4977 Fairfield, Memphis, TN, 38117 Listing by Chastity Wamble
Unit for rent at 3715 Charleswood, Memphis, TN, 38122

$2,200 /mo

  • 3 Beds
  • 2 Baths
3715 Charleswood, Memphis, TN, 38122 Listing by Frank Pereira
Unit for rent at 4468 Garnett, Memphis, TN, 38117

$1,400 /mo

  • 2 Beds
  • 1.5 Baths
4468 Garnett, Memphis, TN, 38117 Listing by Frank Pereira

Frequently Asked Questions

What neighborhood is 586 Shotwell Street located in?
The 586 Shotwell Street is a house located in the neighborhood of Normal Station in Jackson - University Area, Memphis.
What is the average sales price for listings in 586 Shotwell Street?
The average sales price for units in 586 Shotwell Street is $0 currently.

Quantcast