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6491 South Oak Shadows Circle

6491 South Oak Shadows Circle, Memphis, TN 38119
House in Shelby
Sold Nov 15, 2023
$740,000
$200,000 by Financial Federal Bank
Mortgage Due Jan 16, 2029
Sold Jul 25, 2018
$635,000
$150,000 by Landmark Community Bank
Mortgage Due Aug 01, 2033
6491 South Oak Shadows Circle in Memphis, TN was first built in 1980 and is 44 years old. Although, the building on the property was most recently renovated and altered in 1998. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 6491 South Oak Shadows Circle has 5,368 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 15,202 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a carport. The garage is 440 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 6491 South Oak Shadows Circle was last sold in Nov 9, 2023 for $740,000. According to our calculations, that's $137.85 per sqft. Prior to that sales transaction, the property was sold for $635,000 in Jul 23, 2018. Current property owners are expected to pay $9,897 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 6491 South Oak Shadows Circle was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $162,475. To break that down further, the land itself was valued at $19,725. While improvements to the property were assessed at a total of $142,750. 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: 1980
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,202
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,368
  • Gross Building Area: 5,632
  • Building Area: 5,368
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,368
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAYFAIR
  • Land Acres: 0.349
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SS SOUTH OAK SHADOWS CIRCLE

Ownership

  • Current Owner : HAYS PRICE
  • Current Owner 2: HAYS GARLAND
  • Previous Owner : KLEPPER JAMES
  • Previous Owner 2: KLEPPER BROOKS
  • Owner Before Previous Owner: ALELXANDER JAMES L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021320

Zoning

  • Zoning: R-15

Geography

  • Assessors Map Reference: MB 71-41
  • District: O
  • Parcel: 08-1011-E0-0004
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.0954
  • Longitude: -89.8469

    Address

  • Full Address: 6491 S Oak Shadows Cir
  • Address - House Number: 6491
  • Street Direction: S
  • Address - Street Name: Oak Shadows
  • Address - Suffix Type: Cir
  • State: TN
  • City Name: Memphis
  • Carrier Code: C068
  • 4-Digit Zip Code: 5405
  • Zip Code: 38119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,897
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2324
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 67
  • Final Value: 770,679
  • High Value: 949,809
  • Low Value: 591,548

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Jan 31, 2024
  • First Open Lien Mortgage Loan Amount: $200,000
  • 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: Jan 16, 2029

    Market Valuation

  • Market Total Value: $649,900
  • Market Land Value: $78,900
  • Market Improvement Value: $571,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $162,475
  • Assessed Land Value: $19,725
  • Assessed Improvements Value: $142,750

    Sales

  • Current Sale Contract Date: Nov 09, 2023
  • Current Sale Recording Date: Nov 15, 2023
  • Current Sale Transaction ID: 11916046817
  • Current Sale Price: $740,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 98166
  • Previous Sale Recording Date: Jul 25, 2018
  • Previous Sale Contract Date: Jul 23, 2018
  • Previous Sale Amount: $635,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: LANDMARK COMMUNITY BANK
  • Previous Mortgage Transaction Date: Jul 25, 2018
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2033

About Memphis



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Frequently Asked Questions

What neighborhood is 6491 South Oak Shadows Circle located in?
The 6491 South Oak Shadows Circle is a house located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 6491 South Oak Shadows Circle?
The average sales price for units in 6491 South Oak Shadows Circle is $0 currently.

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