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622 McConnell Street

622 McConnell Street, Memphis, TN 38112
Sold May 14, 2021
$125,000
$118,750 by Cogent Bank
Mortgage Due Jun 01, 2051
Sold Feb 19, 2015
$14,500
Local assessors in Memphis, TN have categorized 622 McConnell Street as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 6,250 square feet. The linear feet between the front and back of the lot was measured at 1,250 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 6 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 622 McConnell Street has a total of 1,120 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 attached garage for those who need a place to park their vehicle. The garage on the property is 200 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 a window/unit air conditioning for their cooling system. The home's a 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. 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, 622 McConnell Street sold most recently in May 10, 2021 for a total of $125,000. If you work out the math, that's approximately a cost of $94.70 per sqft. Before that, the property was also sold for $14,500 in Feb 3, 2015. 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 $772 in taxes each year. 622 McConnell Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $12,675. If we break it down further, the land itself was valued at $2,000. Improvements to the property, however, were assessed at a total of $10,675. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • 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
  • Garage Type: Attached
  • Garage Square Area: 200
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,320
  • Gross Building Area: 1,320
  • Building Area: 1,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Window/unit air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,120
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTHWESTERN UNIVERSITY PLACE
  • Land Acres: 0.144
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES MCCONNELL

Ownership

  • Current Owner : BLANCHARD COURTNEY
  • Previous Owner : BLANCHARD JENNIFER PAIGE
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001500

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 05-2019-0-0027
  • Lot: 6
  • Municipality: MEMPHIS
  • Latitude: 35.1526
  • Longitude: -89.9786

    Address

  • Full Address: 622 Mcconnell St
  • Address - House Number: 622
  • Address - Street Name: Mcconnell
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C069
  • 4-Digit Zip Code: 1822
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $772

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 391,524
  • High Value: 569,592
  • Low Value: 213,455

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $130,750
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: May 14, 2021
  • First Open Lien Mortgage Loan Amount: $118,750
  • 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: Jun 01, 2051
  • Second Open Lien Mortgage Lender: UNITED HOUSING INC
  • Second Open Lien Mortgage Recording Date: May 14, 2021
  • Second Open Lien Mortgage Loan Amount: $12,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $50,700
  • Market Land Value: $8,000
  • Market Improvement Value: $42,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,675
  • Assessed Land Value: $2,000
  • Assessed Improvements Value: $10,675

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Transaction ID: 11834721622
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21058465
  • Previous Sale Recording Date: Feb 19, 2015
  • Previous Sale Contract Date: Feb 03, 2015
  • Previous Sale Amount: $14,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: May 14, 2021
  • First Mortgage Loan Amount: $118,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Jackson - University Area



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Frequently Asked Questions

What neighborhood is 622 McConnell Street located in?
The 622 McConnell Street is a located in the neighborhood of Binghampton-Lester in Jackson - University Area, Memphis.
What is the average sales price for listings in 622 McConnell Street?
The average sales price for units in 622 McConnell Street is $0 currently.

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