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7305 Palgrave Lane

7305 Palgrave Lane, Memphis, TN 38125
House in Richwood
7305 Palgrave Lane in Memphis, TN was first built in 1978 and is 48 years old. This has been categorized as a property type. For those interested in architecture, the building on the property was built in a . There are a total of 150 floors. There are a total of 6 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. 7305 Palgrave Lane has 2,352 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 680 ft and the linear feet between the front and back of the lot is 1,230. In total, the area measurement of the land is 9,225 square feet.

Learn more about the property and building on this page. There is a . The home has a style roof made of . For those who need parking, there is a . The garage is 480 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of . The condition of the building has been evaluated as . The exterior walls of the home are made of . Walk into the home itself and you'll find that it is currently being cooled with . As for heating, the home is utilizing . There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 7305 Palgrave Lane sold most recently in Apr 26, 2023 for a total of $181,500. If you work out the math, that's approximately a cost of $54.80 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 $197,522 in taxes each year. 7305 Palgrave Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $32,425. If we break it down further, the land itself was valued at $5,550. Improvements to the property, however, were assessed at a total of $26,875. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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

Parking

Attached Garage

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20230311
03/11/2023
4 Bed
2 Bath
-
$179,900
bedrooms
4 Bed
bathrooms
2 Bath
-
-
Mia Atkinson
KAIZEN Realty, LLC


Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • 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: 480
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,225
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 680
  • Total Building Area: 3,312
  • Gross Building Area: 3,312
  • Building Area: 2,352
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BURLINGTON SEC B-1
  • Land Acres: 0000000212
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: SS PALGRAVE LN 78.22 FT E OF PALGRAVE LANE

Neighborhood

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

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: MB 61-29
  • District: O
  • Parcel: 09-3511-B0-0089
  • Lot: 129
  • Municipality: MEMPHIS
  • Latitude: 35.0468
  • Longitude: -89.8199

    Address

  • Full Address: 7305 Palgrave Ln
  • Address - House Number: 7305
  • Address - Street Name: Palgrave
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C046
  • 4-Digit Zip Code: 2144
  • Zip Code: 38125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $197,522

    Appraisal Valuation

  • Standard Deviation: 0.2718
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 204,505
  • High Value: 260,090
  • Low Value: 148,920

    Market Valuation

  • Market Total Value: $129,700
  • Market Land Value: $22,200
  • Market Improvement Value: $107,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,425
  • Assessed Land Value: $5,550
  • Assessed Improvements Value: $26,875

    Sales

  • Current Sale Contract Date: Apr 26, 2023
  • Current Sale Recording Date: May 03, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 35622
  • Previous Sale Recording Date: Jul 03, 2019
  • Previous Sale Contract Date: Jun 23, 2019
  • Previous Sale Document Type: 40
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Richwood



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Frequently Asked Questions

What neighborhood is 7305 Palgrave Lane located in?
The 7305 Palgrave Lane is a house located in the neighborhood of Richwood in Richwood, Memphis.
What is the average sales price for listings in 7305 Palgrave Lane?
The average sales price for units in 7305 Palgrave Lane is $0 currently.