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728 North Merton Street

728 North Merton Street, Memphis, TN 38112
Multifamily in Binghampton-Lester
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728 North Merton Street in Memphis, TN was first built in 1973 and is 51 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 728 North Merton Street has 1,612 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 6,250 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home 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, 728 North Merton Street sold most recently in Mar 26, 2021 for a total of $130,000. If you work out the math, that's approximately a cost of $80.65 per sqft. Before that, the property was also sold for $76,500 in Dec 9, 2020. 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 $1,067 in taxes each year. 728 North Merton Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $17,520. If we break it down further, the land itself was valued at $1,600. Improvements to the property, however, were assessed at a total of $15,920. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200812
08/12/2020
4 Bed
3 Bath
-
$69,900
bedrooms
4 Bed
bathrooms
3 Bath
$130,000 +85.98%
04/01/2021
Reginald Pruitt

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • 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: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,612
  • Gross Building Area: 1,612
  • Building Area: 1,612
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,612
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLLEGE PARK
  • Land Acres: 0.144
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: ES MERTON

Ownership

  • Current Owner : BECKMAN MICAHEL
  • Current Owner 2: NGO MICHELLE
  • Previous Owner : MFR 5 LLC
  • Owner Before Previous Owner: RODGERS GERALD

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 001500

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 05-2032-0-0026
  • Lot: 66
  • Municipality: MEMPHIS
  • Latitude: 35.1551
  • Longitude: -89.9741

    Address

  • Full Address: 728 N Merton St
  • Address - House Number: 728
  • Street Direction: N
  • Address - Street Name: Merton
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C076
  • 4-Digit Zip Code: 1934
  • Zip Code: 38112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,067

    Appraisal Valuation

  • Standard Deviation: 0.2644
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 131,371
  • High Value: 166,107
  • Low Value: 96,635

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $97,500
  • First Open Lien Mortgage Lender: STIFEL BANK & TRUST
  • First Open Lien Mortgage Recording Date: Apr 01, 2021
  • First Open Lien Mortgage Loan Amount: $97,500
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $43,800
  • Market Land Value: $4,000
  • Market Improvement Value: $39,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,520
  • Assessed Land Value: $1,600
  • Assessed Improvements Value: $15,920

    Sales

  • Current Sale Contract Date: Mar 26, 2021
  • Current Sale Recording Date: Apr 01, 2021
  • Current Sale Transaction ID: 11827274539
  • Current Sale Price: $130,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21037267
  • Previous Sale Recording Date: Dec 15, 2020
  • Previous Sale Contract Date: Dec 09, 2020
  • Previous Sale Amount: $76,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STIFEL BANK & TRUST
  • First Mortgage Transaction Date: Apr 01, 2021
  • First Mortgage Loan Amount: $97,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Jackson - University Area



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Frequently Asked Questions

What neighborhood is 728 North Merton Street located in?
The 728 North Merton Street is a multifamily located in the neighborhood of Binghampton-Lester in Jackson - University Area, Memphis.
What is the average sales price for listings in 728 North Merton Street?
The average sales price for units in 728 North Merton Street is $79,900 currently.

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