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665 Franklin Street

665 Franklin Street, Memphis, TN 38112
Sold Jul 24, 2019
$232,000
Buyer
Sold Jul 29, 2016
$15,000
665 Franklin Street 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 1945 and is 79 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 665 Franklin Street has 975 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 1,100 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a cottage style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip 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. 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, 665 Franklin Street sold most recently in Jul 22, 2019 for a total of $232,000. If you work out the math, that's approximately a cost of $237.95 per sqft. Before that, the property was also sold for $15,000 in Jul 28, 2016. 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 $364 in taxes each year. The initial year of tax delinquency occurred in 2022. 665 Franklin Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $5,975. If we break it down further, the land itself was valued at $1,125. Improvements to the property, however, were assessed at a total of $4,850. 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. 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. 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

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • 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: 5,500
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 500
  • Total Building Area: 975
  • Gross Building Area: 975
  • Building Area: 975
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 975
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUMMERDALE PARK
  • Land Acres: 0.126
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 216

Ownership

  • Current Owner : MTCS LLC
  • Previous Owner : TAPESTRY 667 LLC
  • Owner Before Previous Owner: WATKINS WANDA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001400

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 05-2072-0-0007
  • Lot: 200&201
  • Municipality: MEMPHIS
  • Latitude: 35.1506
  • Longitude: -89.9608

    Address

  • Full Address: 665 Franklin St
  • Address - House Number: 665
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C076
  • 4-Digit Zip Code: 2307
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $364
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 64,685
  • High Value: 81,796
  • Low Value: 47,575

    Market Valuation

  • Market Total Value: $23,900
  • Market Land Value: $4,500
  • Market Improvement Value: $19,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,975
  • Assessed Land Value: $1,125
  • Assessed Improvements Value: $4,850

    Sales

  • Current Sale Contract Date: Jul 22, 2019
  • Current Sale Recording Date: Jul 24, 2019
  • Current Sale Transaction ID: 11628221346
  • Current Sale Price: $232,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19074184
  • Previous Sale Recording Date: Jul 29, 2016
  • Previous Sale Contract Date: Jul 28, 2016
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: Warranty Deed

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Frequently Asked Questions

What neighborhood is 665 Franklin Street located in?
The 665 Franklin Street is a house located in the neighborhood of Binghampton-Lester in Jackson - University Area, Memphis.
What is the average sales price for listings in 665 Franklin Street?
The average sales price for units in 665 Franklin Street is $0 currently.

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