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964 Kentucky Street

964 Kentucky Street, Memphis, TN 38106
1 Units For Sale
Unit for sale at 964 KENTUCKY ST, Memphis, TN 38106

$456,000

  • Commercial
964 KENTUCKY ST, Memphis, TN 38106 Listing by Patrick Surratt

964 Kentucky Street in Memphis, TN was first built in 1951 and is 73 years old. This has been categorized as a industrial property type. It is a single story home. 964 Kentucky Street has 12,000 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 600 ft and the linear feet between the front and back of the lot is 2,100. In total, the area measurement of the land is 12,600 square feet.

Learn more about the property and building on this page. The building type has been coded as 2. The code stands for buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of E. The condition of the building has been evaluated as poor. The exterior walls of the home are made of concrete block. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing electric heaters and being fueled with electricity. 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, 964 Kentucky Street sold most recently in Apr 5, 2023 for a total of $350,000. If you work out the math, that's approximately a cost of $29.17 per sqft. Before that, the property was also sold for $89,000 in Oct 23, 2015. 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 $2,203 in taxes each year. The initial year of tax delinquency occurred in 2021. 964 Kentucky Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $36,160. If we break it down further, the land itself was valued at $4,800. Improvements to the property, however, were assessed at a total of $31,360. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: E
  • Construction Type: Frame
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,600
  • Lot Size Depth Feet: 2,100
  • Lot Size Frontage Feet: 600
  • Total Building Area: 12,000
  • Gross Building Area: 12,000
  • Building Area: 12,000
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Electric
  • Heated Square Feet: 12,000
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Industrial
  • Subdivision: FORT PICKERING
  • Land Acres: 0.289
  • Standard Land Use Code: Food processing
  • Legal Description 1: ES KENTUCKY COR ALLEY TO TENN 240 FT S OF DESOTO

Ownership

  • Current Owner : ELITE IRON WORKS LLC
  • Previous Owner : 964 KENTUCKY ST LLC
  • Owner Before Previous Owner: CARODINE MARTIN
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 005700

Zoning

  • Zoning: EMP

Geography

  • District: O
  • Parcel: 01-2056-0-0008
  • Block: 66
  • Lot: 11&12
  • Municipality: MEMPHIS
  • Latitude: 35.1214
  • Longitude: -90.0633

    Address

  • Full Address: 964 Kentucky St
  • Address - House Number: 964
  • Address - Street Name: Kentucky
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Zip Code: 38106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,203
  • Intital Tax Deliquent Year: 2021

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: GUARANTY BANK AND TRUST COMPAN
  • First Open Lien Mortgage Recording Date: Apr 12, 2023
  • First Open Lien Mortgage Loan Amount: $280,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 10, 2028

    Market Valuation

  • Market Total Value: $90,400
  • Market Land Value: $12,000
  • Market Improvement Value: $78,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,160
  • Assessed Land Value: $4,800
  • Assessed Improvements Value: $31,360

    Sales

  • Current Sale Contract Date: Apr 05, 2023
  • Current Sale Recording Date: Apr 12, 2023
  • Current Sale Transaction ID: 11904954906
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 28575
  • Previous Sale Recording Date: Oct 27, 2015
  • Previous Sale Contract Date: Oct 23, 2015
  • Previous Sale Amount: $89,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTY BANK AND TRUST COMPAN
  • First Mortgage Transaction Date: Apr 12, 2023
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 10, 2028

    Previous Mortgages

  • Previous Mortgage Lender: MARTIN CARODINE
  • Previous Mortgage Transaction Date: Oct 27, 2015
  • Previous Mortgage Loan Amount: $45,000
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About South Memphis Planning Dist



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$2,330 /mo

  • 4 Beds
  • 2 Baths
  • 2,222 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 964 Kentucky Street located in?
The 964 Kentucky Street is a commercial located in the neighborhood of South Memphis Planning Dist in South Memphis Planning Dist, Memphis.
How many listings are currently for sale in 964 Kentucky Street?
There is a listing currently on the market for sale.
What is the average sales price for listings in 964 Kentucky Street?
The average sales price for units in 964 Kentucky Street is $456,000 currently.

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