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612 North 5th Street

612 North 5th Street, Memphis, TN 38107
Sold Jul 23, 2019
$135,000
$114,750 by Brighton Bank
Mortgage Due Jul 15, 2039
Sold Sep 12, 2007
$73,500
Local assessors in Memphis, TN have categorized 612 North 5th Street as a residential type of property. The home was built in 1936 and is 88 years old. It was most recently renovated and altered in 1973. The property's lot size has been calculated to be 2,442 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. 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 612 North 5th Street has a total of 1,632 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. 612 North 5th Street is a 2 code building. This code stands for "buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.". 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. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on a window/unit 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. The property was last sold in Jul 23, 2019 for $135,000. That's $82.72 per sqft. Prior to that sales transaction, the property was also sold in Aug 17, 2007 for $73,500. 612 North 5th Street was last assessed in 2022. The total value of the property was assessed at $21,950. Specifically, the land the property is located on was valued at $1,125. While improvements on the property were assessed at a total of $20,825. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,337. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1936
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,442
  • Lot Size Frontage Feet: 930
  • Total Building Area: 1,632
  • Gross Building Area: 1,632
  • Building Area: 1,632
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,632
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Residential
  • Subdivision: GREENLAW
  • Land Acres: 0.056
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES FIFTH COR SAFFARANS NE

Ownership

  • Current Owner : MALONEY ROBERT W
  • Previous Owner : WALKER DUANE A
  • Previous Owner 2: VLADU WALKER CORINA MIHAELA
  • Owner Before Previous Owner: NICHOLS SARLA S
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jun 22, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 002100

Zoning

  • Zoning: MDR

Geography

  • District: O
  • Parcel: 00-1085-0-0012
  • Lot: 208
  • Municipality: MEMPHIS
  • Latitude: 35.1598
  • Longitude: -90.0412

    Address

  • Full Address: 612 N 5th St
  • Address - House Number: 612
  • Street Direction: N
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C092
  • 4-Digit Zip Code: 3753
  • Zip Code: 38107

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,337

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 404,409
  • High Value: 588,337
  • Low Value: 220,480

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $114,750
  • First Open Lien Mortgage Lender: BRIGHTON BANK
  • First Open Lien Mortgage Recording Date: Jul 23, 2019
  • First Open Lien Mortgage Loan Amount: $114,750
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 15, 2039

    Market Valuation

  • Market Total Value: $87,800
  • Market Land Value: $4,500
  • Market Improvement Value: $83,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,950
  • Assessed Land Value: $1,125
  • Assessed Improvements Value: $20,825

    Sales

  • Current Sale Contract Date: Jul 23, 2019
  • Current Sale Recording Date: Jul 23, 2019
  • Current Sale Transaction ID: 11628218148
  • Current Sale Price: $135,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19073777
  • Previous Sale Recording Date: Sep 12, 2007
  • Previous Sale Contract Date: Aug 17, 2007
  • Previous Sale Amount: $73,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRIGHTON BANK
  • First Mortgage Transaction Date: Jul 23, 2019
  • First Mortgage Loan Amount: $114,750
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 15, 2039

About North Memphis



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Frequently Asked Questions

What neighborhood is 612 North 5th Street located in?
The 612 North 5th Street is a commercial located in the neighborhood of North Memphis Concerned Citizens in North Memphis, Memphis.
What is the average sales price for listings in 612 North 5th Street?
The average sales price for units in 612 North 5th Street is $130,000 currently.

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