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275 Palisade Street

275 Palisade Street, Memphis, TN 38111
Property in Joffre
Sold Jun 28, 2023
$286,500
$292,659 by First Horizon Bank
Mortgage Due Jul 01, 2053
Sold Apr 05, 2016
$186,000
$170,329 by Financial Federal Bank
Mortgage Due May 01, 2046
275 Palisade Street 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 1940 and is 84 years old. The home has a total of 6 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 275 Palisade Street has 1,252 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 1,410 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 8,447 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional 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 detached garage for those who require parking. The garage measured 240 sqft. Residents will have the luxury of enjoying both a unknown and 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 central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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, 275 Palisade Street sold most recently in Jun 26, 2023 for a total of $286,500. If you work out the math, that's approximately a cost of $228.83 per sqft. Before that, the property was also sold for $186,000 in Apr 1, 2016. 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 $3,309 in taxes each year. 275 Palisade Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $54,325. If we break it down further, the land itself was valued at $9,375. Improvements to the property, however, were assessed at a total of $44,950. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • 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
  • 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: 240
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,447
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,252
  • Gross Building Area: 1,252
  • Building Area: 1,252
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,252
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CENTRAL POPLAR
  • Land Acres: 0.194
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS PALISADE DR

Ownership

  • Current Owner : MCKINNEY WILLIAM ALEXANDER
  • Current Owner 2: MCKINNEY KELSEY WEST
  • Previous Owner : NANCE KATHLEEN BUGNITZ
  • Previous Owner 2: NANCE JUSTIN
  • Owner Before Previous Owner: LONG JOEL A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 04-5102-0-0017
  • Lot: 30
  • Municipality: MEMPHIS
  • Latitude: 35.1243
  • Longitude: -89.9523

    Address

  • Full Address: 275 Palisade St
  • Address - House Number: 275
  • Address - Street Name: Palisade
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C097
  • 4-Digit Zip Code: 4527
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,309

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 293,267
  • High Value: 358,130
  • Low Value: 228,405

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $292,659
  • First Open Lien Mortgage Lender: FIRST HORIZON BANK
  • First Open Lien Mortgage Recording Date: Jun 28, 2023
  • First Open Lien Mortgage Loan Amount: $292,659
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $217,300
  • Market Land Value: $37,500
  • Market Improvement Value: $179,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,325
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $44,950

    Sales

  • Current Sale Contract Date: Jun 26, 2023
  • Current Sale Recording Date: Jun 28, 2023
  • Current Sale Transaction ID: 11908553265
  • Current Sale Price: $286,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 52817
  • Previous Sale Recording Date: Apr 05, 2016
  • Previous Sale Contract Date: Apr 01, 2016
  • Previous Sale Amount: $186,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HORIZON BANK
  • First Mortgage Transaction Date: Jun 28, 2023
  • First Mortgage Loan Amount: $292,659
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: FINANCIAL FEDERAL BANK
  • Previous Mortgage Transaction Date: Apr 05, 2016
  • Previous Mortgage Loan Amount: $170,329
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2046

About Jackson - University Area



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Frequently Asked Questions

What neighborhood is 275 Palisade Street located in?
The 275 Palisade Street is a located in the neighborhood of Joffre in Jackson - University Area, Memphis.
What is the average sales price for listings in 275 Palisade Street?
The average sales price for units in 275 Palisade Street is $0 currently.

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