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700 South Greer Street

700 South Greer Street, Memphis, TN 38111
Multifamily in Messick Buntyn
Sold May 14, 2019
$99,000
$97,206 by Community Mortgage Corp
Mortgage Due Jun 01, 2049
Local assessors in Memphis, TN have categorized 700 South Greer Street as a residential type of property. The home was built in 1965 and is 59 years old. The property's lot size has been calculated to be 8,100 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 540 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 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 are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 700 South Greer Street has a total of 2,149 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. Do you like to entertain? The home has a unknown so you'll have a great option in the back 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 roof that is made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central 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. 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, 700 South Greer Street sold most recently in May 10, 2019 for a total of $99,000. If you work out the math, that's approximately a cost of $46.07 per sqft. 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 $964 in taxes each year. 700 South Greer Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $15,825. If we break it down further, the land itself was valued at $1,000. Improvements to the property, however, were assessed at a total of $14,825. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,100
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 540
  • Total Building Area: 2,149
  • Gross Building Area: 2,149
  • Building Area: 2,149
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,149
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TAYLOR
  • Land Acres: 0.186
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: ES GREER 150 FT S OF SPOTTSWOOD

Ownership

  • Current Owner : BANKS TONY C
  • Current Owner 2: BANKS ERICA D
  • Previous Owner : RLT BLACKWELL LUCILLE HARP
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007000

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-5111-0-0039
  • Lot: 1
  • Municipality: MEMPHIS
  • Latitude: 35.1127
  • Longitude: -89.9535

    Address

  • Full Address: 700 S Greer St
  • Address - House Number: 700
  • Street Direction: S
  • Address - Street Name: Greer
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C068
  • 4-Digit Zip Code: 3116
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $964

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 103,165
  • High Value: 150,085
  • Low Value: 56,244

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $97,206
  • First Open Lien Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 14, 2019
  • First Open Lien Mortgage Loan Amount: $97,206
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2049

    Market Valuation

  • Market Total Value: $63,300
  • Market Land Value: $4,000
  • Market Improvement Value: $59,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,825
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $14,825

    Sales

  • Current Sale Contract Date: May 10, 2019
  • Current Sale Recording Date: May 14, 2019
  • Current Sale Transaction ID: 11608451150
  • Current Sale Price: $99,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19047077

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: May 14, 2019
  • First Mortgage Loan Amount: $97,206
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2049

About Jackson - University Area



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Frequently Asked Questions

What neighborhood is 700 South Greer Street located in?
The 700 South Greer Street is a multifamily located in the neighborhood of Messick Buntyn in Jackson - University Area, Memphis.
What is the average sales price for listings in 700 South Greer Street?
The average sales price for units in 700 South Greer Street is $99,000 currently.

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