Check Availability

661 East Drive

661 East Drive, Memphis, TN 38112
Property in Hein Park
Sold Oct 05, 2021
$615,000
$492,000 by Financial Federal Bank
Mortgage Due Oct 01, 2051
Sold Jul 24, 2008
$505,000
$404,000 by Suntrust Mortgage Inc
Mortgage Due Aug 01, 2038
661 East Drive has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1920 and is 104 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 661 East Drive has 3,601 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,800 ft and across the front of the lot is 1,010 ft. The area measurement of the land has been determined as 18,031 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 464 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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, 661 East Drive sold most recently in Oct 1, 2021 for a total of $615,000. If you work out the math, that's approximately a cost of $107.50 per sqft. Before that, the property was also sold for $505,000 in Jul 18, 2008. 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 $7,692 in taxes each year. 661 East Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $126,275. If we break it down further, the land itself was valued at $22,100. Improvements to the property, however, were assessed at a total of $104,175. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

Parking

Carport
Attached Garage
Gated Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Other
  • 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: Attached
  • Garage Square Area: 464
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 18,031
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,010
  • Total Building Area: 5,721
  • Gross Building Area: 5,721
  • Building Area: 3,601
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,601
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HEIN PARK
  • Land Acres: 0.414
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS EAST DR

Ownership

  • Current Owner : MCGAGHREN CARRIE A
  • Current Owner 2: MCGAGHREN PAUL M
  • Previous Owner : WALK WILLIAM B
  • Previous Owner 2: WALK MARY MARGARET
  • Owner Before Previous Owner: BROWN CHRISTOPHER TODD
  • Owner Before Previous Owner 2: BROWN BROOKS F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Woman as her sole & separate property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001600

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 8-228
  • District: O
  • Parcel: 03-6094-0-0007
  • Lot: PT6
  • Municipality: MEMPHIS
  • Latitude: 35.154
  • Longitude: -89.9827

    Address

  • Full Address: 661 East Dr
  • Address - House Number: 661
  • Address - Street Name: East
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C068
  • 4-Digit Zip Code: 1710
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,692

    Appraisal Valuation

  • Standard Deviation: 0.2394
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 564,442
  • High Value: 699,619
  • Low Value: 429,265

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $492,000
  • First Open Lien Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Loan Amount: $492,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $505,100
  • Market Land Value: $88,400
  • Market Improvement Value: $416,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $126,275
  • Assessed Land Value: $22,100
  • Assessed Improvements Value: $104,175

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Transaction ID: 11857809008
  • Current Sale Price: $615,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21125203
  • Previous Sale Recording Date: Jul 24, 2008
  • Previous Sale Contract Date: Jul 18, 2008
  • Previous Sale Amount: $505,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL FEDERAL BANK
  • First Mortgage Transaction Date: Oct 05, 2021
  • First Mortgage Loan Amount: $492,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Jul 24, 2008
  • Previous Mortgage Loan Amount: $404,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2038

About Midtown



Similar Buildings

Property at 661 East Drive,

781 North Trezevant Street

  • 1 Unit for Sale
781 North Trezevant Street, Memphis, TN 38112
Property at 661 East Drive,

691 North Merton Street

  • 1 Unit for Sale
691 North Merton Street, Memphis, TN 38112
Property at 661 East Drive,

1024 Seymour Street

  • 1 Unit for Sale
1024 Seymour Street, Memphis, TN 38108
Property at 661 East Drive,

1025 Richert Street

  • 1 Unit for Sale
1025 Richert Street, Memphis, TN 38108
Property at 661 East Drive,

1880 Lyndale Avenue

  • 1 Unit for Sale
1880 Lyndale Avenue, Memphis, TN 38107
Property at 661 East Drive,

1018 North Hollywood Street

  • 1 Unit for Sale
1018 North Hollywood Street, Memphis, TN 38108
Property at 661 East Drive,

2161 Howell Avenue

  • 1 Unit for Sale
2161 Howell Avenue, Memphis, TN 38108
Property at 661 East Drive,

2403 Gentry Avenue

  • 1 Unit for Sale
2403 Gentry Avenue, Memphis, TN 38108
Property at 661 East Drive,

2505 Staten Avenue

  • 1 Unit for Sale
2505 Staten Avenue, Memphis, TN 38108

Nearby Rentals

Unit for rent at 35 S Century, Memphis, TN, 38111

$1,295 /mo

  • 2 Beds
  • 1 Bath
35 S Century, Memphis, TN, 38111 Listing by Lowell Brister
Unit for rent at 1016 Sheridan Street, Memphis, TN, 38107

$1,450 /mo

  • 3 Beds
  • 1 Bath
  • 1,419 ft²
1016 Sheridan Street, Memphis, TN, 38107 Listing by Manager
Unit for rent at 518 Summitt St, Memphis, TN, 38104

$1,395 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
518 Summitt St #518 Summitt St, Memphis, TN, 38104 Listing by Manager
Unit for rent at 2150 Washington Ave, Memphis, TN, 38104

$1,295 /mo

  • 2 Beds
  • 1 Bath
  • 1,032 ft²
2150 Washington Ave #2150 Washington Ave - 15, Memphis, TN, 38104 Listing by Manager
Unit for rent at 2399 Avery Ave, Memphis, TN, 38112

$1,395 /mo

  • 2 Beds
  • 1 Bath
  • 744 ft²
2399 Avery Ave #2399 Avery Ave, Memphis, TN, 38112 Listing by Manager
Unit for rent at 1572 Overton Park, Memphis, TN, 38112

$1,299 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
1572 Overton Park #1572 Overton Park - #4, Memphis, TN, 38112 Listing by Manager

Frequently Asked Questions

What neighborhood is 661 East Drive located in?
The 661 East Drive is a located in the neighborhood of Hein Park in Midtown, Memphis.
What is the average sales price for listings in 661 East Drive?
The average sales price for units in 661 East Drive is $0 currently.

Quantcast