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Memphis 38125 Burlington
7064 CROSS TIMBER CV
Photo of 7064 CROSS TIMBER CV
Sold on Jul 21, 2020

18

Map

Photo of 7064 CROSS TIMBER CV
Photo of 7064 CROSS TIMBER CV
$179,000
● House - Off Market

7064 CROSS TIMBER CV

Memphis, TN 38125
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,231 Ft²
$256,511
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Make this lovely house in a great area your home! You will appreciate the open floor plan in this 4 bedroom 3 full baths! With it's lovely eat in kitchen, upstairs entertainment/media area, spacious bedrooms, it would be very easy for a growing family to settle in here! Home has plenty extra storage in garage, and is sitting on nearly 1/2 acre! Close to EVERYTHING! Seller is very motivated and is making some minor upgrades. Willing to negotiate terms with full price offer! See it today!
Unit Size
2,231 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$83
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (Realtracs #RTC3115095)

Price History

Date / Event Date Event Price
Jul 21, 2020 Sold
Premium
Sold
May 6, 2020 Listed by BEST Real Estate Company $185,000
Listed by BEST Real Estate Company

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,293
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,387
  • Gross Building Area: 3,387
  • Building Area: 2,967
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,967
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GEORGETOWN VILLAGE SEC B
  • Land Acres: 0000000397
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: NS CROSS TIMBER LN

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021744

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 82-13
  • District: O
  • Parcel: 09-3523-N0-0061
  • Lot: 61
  • Municipality: MEMPHIS
  • Latitude: 35.0336
  • Longitude: -89.8275

    Address

  • Full Address: 7064 Cross Timber Ln
  • Address - House Number: 7064
  • Address - Street Name: Cross Timber
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C047
  • 4-Digit Zip Code: 2616
  • Zip Code: 38125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $278,845

    Appraisal Valuation

  • Standard Deviation: 0.2718
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 263,363
  • High Value: 334,946
  • Low Value: 191,780

    Market Valuation

  • Market Total Value: $183,100
  • Market Land Value: $28,200
  • Market Improvement Value: $154,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,775
  • Assessed Land Value: $7,050
  • Assessed Improvements Value: $38,725

    Sales

  • Current Sale Contract Date: Jul 21, 2020
  • Current Sale Recording Date: Aug 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20083704
  • Previous Sale Recording Date: Jul 23, 2009
  • Previous Sale Contract Date: Jul 17, 2009
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 49
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Burlington

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Realtracs

Listed by: Kaye Thompson, BEST Real Estate Company
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3115095
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 7064 Cross Timber Lane built and last sold?
The property at 7064 Cross Timber Lane was built in 1983 and last sold on Jul 21, 2020 for $179,000.
How much is this home worth?
The estimated value of the home located at 7064 Cross Timber Lane is $186,438.
What are some comparable homes to 7064 Cross Timber Lane?
There are currently no comparable homes to 7064 Cross Timber Lane.
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