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7276 Newling Lane

7276 Newling Lane, Memphis, TN 38125
House in Richwood
Sold May 21, 2019
$130,000
$130,000 by Cogent Bank
Mortgage Due Jun 01, 2049
Sold Mar 28, 2016
$91,900
$90,234 by Community Mortgage Corp
Mortgage Due Apr 01, 2046
Local assessors in Memphis, TN have categorized 7276 Newling Lane as a residential type of property. The home was built in 1985 and is 39 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 9,000 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 750 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 6 rooms in the home. Of these, 3 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 single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7276 Newling Lane has a total of 1,471 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 front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 gable style roof that was made of composition shingle. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in May 14, 2019 for $130,000. That's $88.38 per sqft. Prior to that sales transaction, the property was also sold in Mar 7, 2016 for $91,900. 7276 Newling Lane was last assessed in 2022. The total value of the property was assessed at $32,325. Specifically, the land the property is located on was valued at $5,550. While improvements on the property were assessed at a total of $26,775. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,969. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1985
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Shape Type: Gable
  • 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: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,471
  • Gross Building Area: 1,471
  • Building Area: 1,471
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,471
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BURLINGTON SEC C-1
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NS NEWLING LANE

Ownership

  • Current Owner : DODSON NORMAN
  • Current Owner 2: DODSON LESHAUNDRA
  • Previous Owner : CARTER ASHLEY
  • Owner Before Previous Owner: SNG HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 62-57
  • District: O
  • Parcel: 09-3511-D0-0030
  • Lot: 238
  • Municipality: MEMPHIS
  • Latitude: 35.0443
  • Longitude: -89.8209

    Address

  • Full Address: 7276 Newling Ln
  • Address - House Number: 7276
  • Address - Street Name: Newling
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C046
  • 4-Digit Zip Code: 2141
  • Zip Code: 38125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,969

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 197,713
  • High Value: 246,891
  • Low Value: 148,535

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $130,000
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: May 21, 2019
  • First Open Lien Mortgage Loan Amount: $130,000
  • 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: Jun 01, 2049

    Market Valuation

  • Market Total Value: $129,300
  • Market Land Value: $22,200
  • Market Improvement Value: $107,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,325
  • Assessed Land Value: $5,550
  • Assessed Improvements Value: $26,775

    Sales

  • Current Sale Contract Date: May 14, 2019
  • Current Sale Recording Date: May 21, 2019
  • Current Sale Transaction ID: 11609793278
  • Current Sale Price: $130,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19049557
  • Previous Sale Recording Date: Mar 28, 2016
  • Previous Sale Contract Date: Mar 07, 2016
  • Previous Sale Amount: $91,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: May 21, 2019
  • First Mortgage Loan Amount: $130,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Mar 28, 2016
  • Previous Mortgage Loan Amount: $90,234
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2046

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Frequently Asked Questions

What neighborhood is 7276 Newling Lane located in?
The 7276 Newling Lane is a house located in the neighborhood of Richwood in Richwood, Memphis.
What is the average sales price for listings in 7276 Newling Lane?
The average sales price for units in 7276 Newling Lane is $135,000 currently.

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