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4956 Old Memphis Road

4956 Old Memphis Road, Brighton, TN 38011
Property in Tipton
Sold Feb 17, 2016
$145,000
$132,275 by Bancorp Bank
Mortgage Due Feb 12, 2046
Sold Dec 17, 1985
Transfer
Local assessors in Brighton, TN have categorized 4956 Old Memphis Road as a residential type of property. The home was built in 1982 and is 42 years old. It was most recently renovated and altered in 1994. The property's lot size has been calculated to be 43,560 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. 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 4956 Old Memphis Road has a total of 1,352 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. The home sources its water from a municipal system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - C. The building has a gable or hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with gas. 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, 4956 Old Memphis Road sold most recently in Feb 10, 2016 for a total of $145,000. If you work out the math, that's approximately a cost of $107.25 per sqft. 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 $599 in taxes each year. 4956 Old Memphis Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $41,700. If we break it down further, the land itself was valued at $7,300. Improvements to the property, however, were assessed at a total of $34,400. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1982
  • Effective Year Built: 1994
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 1
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,352
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 08, COUNTY AREA: C62

Ownership

  • Current Owner : LEMLEY JOHN MICHAEL
  • Current Owner 2: LEMLEY TINA
  • Previous Owner : ULLOM WILLIAM
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: Tipton County School District
  • Census Tract: 040800

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 098
  • District: 08
  • Parcel: 084098 00402
  • Latitude: 35.476
  • Longitude: -89.6941

    Address

  • Full Address: 4956 Old Memphis Rd
  • Address - House Number: 4956
  • Address - Street Name: Old Memphis
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Brighton
  • Carrier Code: R005
  • 4-Digit Zip Code: 3706
  • Zip Code: 38011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $599
  • Tax Rate Code Area: 84A00

    Appraisal Valuation

  • Standard Deviation: 0.2239
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 242,464
  • High Value: 296,758
  • Low Value: 188,169

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $136,692
  • First Open Lien Mortgage Lender: BANCORP BANK
  • First Open Lien Mortgage Recording Date: Feb 17, 2016
  • First Open Lien Mortgage Loan Amount: $132,275
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 12, 2046
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Sep 19, 2022
  • Second Open Lien Mortgage Loan Amount: $4,417
  • Second Open Lien Mortgage Term: 281
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2046

    Market Valuation

  • Market Total Value: $166,800
  • Market Land Value: $29,200
  • Market Improvement Value: $137,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,700
  • Assessed Land Value: $7,300
  • Assessed Improvements Value: $34,400

    Sales

  • Current Sale Contract Date: Feb 10, 2016
  • Current Sale Recording Date: Feb 17, 2016
  • Current Sale Transaction ID: 1442897963
  • Current Sale Price: $145,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 192428
  • Previous Sale Recording Date: Dec 17, 1985
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORP BANK
  • First Mortgage Transaction Date: Feb 17, 2016
  • First Mortgage Loan Amount: $132,275
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 12, 2046

About Tipton



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Frequently Asked Questions

What neighborhood is 4956 Old Memphis Road located in?
The 4956 Old Memphis Road is a located in the neighborhood of Tipton in Tipton, Brighton.
What is the average sales price for listings in 4956 Old Memphis Road?
The average sales price for units in 4956 Old Memphis Road is $0 currently.

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