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7788 Lipscomb Drive

7788 Lipscomb Drive, Memphis, TN 38125
Townhouse in Richwood
Local assessors in Memphis, TN have categorized 7788 Lipscomb Drive as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 5,122 square feet. The linear feet between the front and back of the lot was measured at 1,960 ft and the front of the lot was measured at 270 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 7788 Lipscomb Drive has a total of 1,404 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 395 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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. 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. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jul 3, 2019 for $128,000. That's $71.15 per sqft. Prior to that sales transaction, the property was also sold in Dec 15, 2008 for $82,000. 7788 Lipscomb Drive was last assessed in 2022. The total value of the property was assessed at $32,200. Specifically, the land the property is located on was valued at $4,250. While improvements on the property were assessed at a total of $27,950. 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 $1,092. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190517
05/17/2019
3 Bed
2 Bath
-
$130,000
bedrooms
3 Bed
bathrooms
2 Bath
$128,000 -1.54%
07/23/2019
Lisa Townsend

Building Info

Overview

    General

  • Year Built: 2000
  • 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
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 395
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,122
  • Lot Size Depth Feet: 1,960
  • Lot Size Frontage Feet: 270
  • Total Building Area: 1,799
  • Gross Building Area: 1,799
  • Building Area: 1,404
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,404
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STANSELL CROSSING PD PHASE 10
  • Land Acres: 0.118
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: NS LIPSCOMB DR SEE MAP D2-42OC

Ownership

  • Current Owner : FLOWERS FELISA FAYE
  • Previous Owner : BULLOCK WRIGHT TANYA R
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021745

Zoning

  • Zoning: CA

Geography

  • Assessors Map Reference: MB 176-38
  • District: S
  • Parcel: D0-242O-C0-0049
  • Lot: 349
  • Municipality: SHELBY COUNTY
  • Latitude: 35.0407
  • Longitude: -89.8043

    Address

  • Full Address: 7788 Lipscomb Dr
  • Address - House Number: 7788
  • Address - Street Name: Lipscomb
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: R038
  • 4-Digit Zip Code: 2865
  • Zip Code: 38125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,092

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 200,350
  • High Value: 250,184
  • Low Value: 150,516

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $138,117
  • First Open Lien Mortgage Lender: PRIMELENDING
  • First Open Lien Mortgage Recording Date: Jul 23, 2019
  • First Open Lien Mortgage Loan Amount: $123,117
  • 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: Aug 01, 2049
  • Second Open Lien Mortgage Lender: TENNESSEE HOUSING DEVELOPMENT
  • Second Open Lien Mortgage Recording Date: Jul 23, 2019
  • Second Open Lien Mortgage Loan Amount: $15,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $128,800
  • Market Land Value: $17,000
  • Market Improvement Value: $111,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,200
  • Assessed Land Value: $4,250
  • Assessed Improvements Value: $27,950

    Sales

  • Current Sale Contract Date: Jul 03, 2019
  • Current Sale Recording Date: Jul 23, 2019
  • Current Sale Transaction ID: 11628225062
  • Current Sale Price: $128,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19073495
  • Previous Sale Recording Date: Feb 11, 2009
  • Previous Sale Contract Date: Dec 15, 2008
  • Previous Sale Amount: $82,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: Jul 23, 2019
  • First Mortgage Loan Amount: $123,117
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: RESIDENTIAL LOAN CENTERS OF AM
  • Previous Mortgage Transaction Date: Feb 11, 2009
  • Previous Mortgage Loan Amount: $81,557
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2039

About Richwood



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Frequently Asked Questions

What neighborhood is 7788 Lipscomb Drive located in?
The 7788 Lipscomb Drive is a townhouse located in the neighborhood of Richwood in Richwood, Memphis.
What is the average sales price for listings in 7788 Lipscomb Drive?
The average sales price for units in 7788 Lipscomb Drive is $130,000 currently.

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