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87 South Greer Street

87 South Greer Street, Memphis, TN 38111
House in Joffre
Sold Feb 07, 2023
$208,000
$166,400 by Evolve Bank & Trust
Mortgage Due Feb 01, 2053
Sold May 12, 2006
$125,000
$118,750 by Amsouth Bank
Mortgage Due Jun 01, 2036
Local assessors in Memphis, TN have categorized 87 South Greer Street as a residential type of property. The home was built in 1942 and is 82 years old. The property's lot size has been calculated to be 12,000 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 600 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, 2 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 is one full bathroom. There is also a partial bathroom. 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 87 South Greer Street has a total of 1,017 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 detached garage for those who need a place to park their vehicle. The garage on the property is 264 sqft. 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. The building has a gable style roof that was made of composition shingle. Lots of asbestos shingle 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 87 South Greer Street was last sold in Jan 26, 2023 for $208,000. According to our calculations, that's $204.52 per sqft. Prior to that sales transaction, the property was sold for $125,000 in May 2, 2006. Current property owners are expected to pay $2,760 in taxes per year. The property on 87 South Greer Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $45,300. To break that down further, the land itself was valued at $12,375. While improvements to the property were assessed at a total of $32,925. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Asbestos shingle
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 264
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,017
  • Gross Building Area: 1,017
  • Building Area: 1,017
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,017
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NESSLY-POPLAR
  • Land Acres: 0.276
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS GREER

Ownership

  • Current Owner : THOMPSON SAMUEL STEWART
  • Previous Owner : MILNER ROBERT R
  • Owner Before Previous Owner: FOWLER JASON W
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 007200

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 8-53
  • District: O
  • Parcel: 04-5095-0-0005
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.1294
  • Longitude: -89.9544

    Address

  • Full Address: 87 S Greer St
  • Address - House Number: 87
  • Street Direction: S
  • Address - Street Name: Greer
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C058
  • 4-Digit Zip Code: 3428
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,760

    Appraisal Valuation

  • Standard Deviation: 0.2584
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 229,602
  • High Value: 288,953
  • Low Value: 170,252

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,400
  • First Open Lien Mortgage Lender: EVOLVE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Feb 07, 2023
  • First Open Lien Mortgage Loan Amount: $166,400
  • 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: Feb 01, 2053

    Market Valuation

  • Market Total Value: $181,200
  • Market Land Value: $49,500
  • Market Improvement Value: $131,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,300
  • Assessed Land Value: $12,375
  • Assessed Improvements Value: $32,925

    Sales

  • Current Sale Contract Date: Jan 26, 2023
  • Current Sale Recording Date: Feb 07, 2023
  • Current Sale Transaction ID: 11901790448
  • Current Sale Price: $208,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 9843
  • Previous Sale Recording Date: May 12, 2006
  • Previous Sale Contract Date: May 02, 2006
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: AMSOUTH BANK
  • Previous Mortgage Transaction Date: May 12, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $118,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2036

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Frequently Asked Questions

What neighborhood is 87 South Greer Street located in?
The 87 South Greer Street is a house located in the neighborhood of Joffre in Jackson - University Area, Memphis.
What is the average sales price for listings in 87 South Greer Street?
The average sales price for units in 87 South Greer Street is $0 currently.

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