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89 South Front Street

89 South Front Street, Memphis, TN 38103
Property in Downtown Memphis
Sold Jun 28, 2019
$2,000,000
$1,600,000 by First Tennessee Bank Na
Mortgage Due Jul 01, 2049
Sold Dec 29, 2015
$1,350,000
$1,000,000 by First Tennessee Bank Na
Mortgage Due Dec 28, 2045
89 South Front Street in Memphis, TN was first built in 1890 and is 134 years old. Although, the building on the property was most recently renovated and altered in 1978. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 14 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 7 full bathrooms. There are 11 partial bathrooms. 89 South Front Street has 19,096 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 basement is 5,320 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 280 ft and the linear feet between the front and back of the lot is 2,336. In total, the area measurement of the land is 6,899 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a vinyl in-ground pool on the property. For those who need parking, there is a attached garage. The garage is 1,176 sqft. There are a total of 4 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of A. 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. 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. 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, 89 South Front Street was last sold in Jun 4, 2019 for $2,000,000. According to our calculations, that's $98.66 per sqft. Prior to that sales transaction, the property was sold for $1,350,000 in Dec 29, 2015. Current property owners are expected to pay $30,457 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 89 South Front Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $499,975. To break that down further, the land itself was valued at $122,700. While improvements to the property were assessed at a total of $377,275. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 8
  • Bathroom Count: 11
  • Full Bathrooms: 7
  • Partial Bathrooms: 11
  • Bathroom Plumbing Fixtures: 37
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Unknown
  • Exterior Walls Type: Brick veneer
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 5,320
  • Garage Type: Attached
  • Garage Square Area: 1,176
  • Parking Space Count: 4
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 6,899
  • Lot Size Depth Feet: 2,336
  • Lot Size Frontage Feet: 280
  • Total Building Area: 20,272
  • Gross Building Area: 20,272
  • Building Area: 19,096
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 19,096
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.158
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS FRONT TO WAGNER COR ALLEY

Ownership

  • Current Owner : HARRIS TERRY
  • Previous Owner : STINSON JOHNNY L
  • Previous Owner 2: STINSON CATHY L
  • Owner Before Previous Owner: BANK OF BARTLETT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 004200

Zoning

  • Zoning: CBD

Geography

  • District: O
  • Parcel: 00-2041-0-0006
  • Lot: 4&491
  • Municipality: MEMPHIS
  • Latitude: 35.1433
  • Longitude: -90.0556

    Address

  • Full Address: 89 S Front St
  • Address - House Number: 89
  • Street Direction: S
  • Address - Street Name: Front
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C006
  • 4-Digit Zip Code: 2947
  • Zip Code: 38103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $30,457
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 1,021,614
  • High Value: 1,203,588
  • Low Value: 839,641

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,600,000
  • First Open Lien Mortgage Lender: FIRST TENNESSEE BANK NA
  • First Open Lien Mortgage Recording Date: Jun 28, 2019
  • First Open Lien Mortgage Loan Amount: $1,600,000
  • 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: Jul 01, 2049

    Market Valuation

  • Market Total Value: $1,999,900
  • Market Land Value: $490,800
  • Market Improvement Value: $1,509,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $499,975
  • Assessed Land Value: $122,700
  • Assessed Improvements Value: $377,275

    Sales

  • Current Sale Contract Date: Jun 04, 2019
  • Current Sale Recording Date: Jun 28, 2019
  • Current Sale Transaction ID: 11620804181
  • Current Sale Price: $2,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201906280064177
  • Previous Sale Recording Date: Dec 29, 2015
  • Previous Sale Contract Date: Dec 29, 2015
  • Previous Sale Amount: $1,350,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST TENNESSEE BANK NA
  • First Mortgage Transaction Date: Jun 28, 2019
  • First Mortgage Loan Amount: $1,600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: FIRST TENNESSEE BANK NA
  • Previous Mortgage Transaction Date: Dec 29, 2015
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 28, 2045

About Downtown Memphis



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Frequently Asked Questions

What neighborhood is 89 South Front Street located in?
The 89 South Front Street is a located in the neighborhood of Downtown Memphis in Downtown Memphis, Memphis.
What is the average sales price for listings in 89 South Front Street?
The average sales price for units in 89 South Front Street is $0 currently.

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