Check Availability

887 Parkhaven Lane

887 Parkhaven Lane, Memphis, TN 38111
Sold Feb 03, 2020
$43,000
$85,000 by The Federal Savings Bank
Mortgage Due Mar 01, 2051
887 Parkhaven Lane has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1942 and is 82 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 887 Parkhaven Lane has 1,025 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,740 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 10,382 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a cottage style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 220 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with an air conditioning type we are unsure of at the moment. In terms of heating, it is utilizing a heating system and being fueled with gas. The property was last sold in Jan 31, 2020 for $43,000. That's $34.54 per sqft. 887 Parkhaven Lane was last assessed in 2022. The total value of the property was assessed at $15,775. Specifically, the land the property is located on was valued at $3,525. While improvements on the property were assessed at a total of $12,250. 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 $961. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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

Parking

Attached Garage
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: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 220
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,382
  • Lot Size Depth Feet: 1,740
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,245
  • Gross Building Area: 1,245
  • Building Area: 1,025
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Unsure
  • Heating: Yes
  • Heated Square Feet: 1,025
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK HAVEN
  • Land Acres: 0.238
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : JONES AUSTIN
  • Current Owner 2: JONES ALLISON
  • Previous Owner : PARRISH JANNIS P

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008000

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 05-8047-0-0013
  • Lot: 4
  • Municipality: MEMPHIS
  • Latitude: 35.1072
  • Longitude: -89.9427

    Address

  • Full Address: 887 Parkhaven Ln
  • Address - House Number: 887
  • Address - Street Name: Parkhaven
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C096
  • 4-Digit Zip Code: 5627
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $961

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 395,830
  • High Value: 575,857
  • Low Value: 215,802

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $85,000
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Feb 25, 2021
  • First Open Lien Mortgage Loan Amount: $85,000
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $63,100
  • Market Land Value: $14,100
  • Market Improvement Value: $49,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,775
  • Assessed Land Value: $3,525
  • Assessed Improvements Value: $12,250

    Sales

  • Current Sale Contract Date: Jan 31, 2020
  • Current Sale Recording Date: Feb 03, 2020
  • Current Sale Transaction ID: 11721979991
  • Current Sale Price: $43,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20011583

About Jackson - University Area



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 3629 Poplar, Memphis, TN, 38111

$1,800 /mo

  • 3 Beds
  • 2.5 Baths
3629 Poplar, Memphis, TN, 38111 Listing by Michael Mosteller
Unit for rent at 123 S Humes, Memphis, TN, 38111

$1,600 /mo

  • 3 Beds
  • 1 Bath
123 S Humes, Memphis, TN, 38111 Listing by Michael Valenza
Unit for rent at 2994 Waverly, Memphis, TN, 38111

$1,600 /mo

  • 3 Beds
  • 2 Baths
2994 Waverly, Memphis, TN, 38111 Listing by Katrina Kelly Isom

Frequently Asked Questions

What neighborhood is 887 Parkhaven Lane located in?
The 887 Parkhaven Lane is a house located in the neighborhood of Jackson - University Area in Jackson - University Area, Memphis.
What is the average sales price for listings in 887 Parkhaven Lane?
The average sales price for units in 887 Parkhaven Lane is $0 currently.

Quantcast