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574 North Oak Grove Road

574 North Oak Grove Road, Memphis, TN 38120
Property in Shelby
Sold Aug 31, 2016
$156,000
$143,550 by Suntrust Mortgage Inc
Mortgage Due Sep 01, 2046
Sold Mar 29, 2007
$132,000
$1,000,000 by First Tennessee Bank Na
Mortgage Due Sep 01, 2016
574 North Oak Grove Road in Memphis, TN was first built in 1962 and is 62 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 574 North Oak Grove Road has 1,523 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 650 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 8,125 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a hip style roof made of composition shingle. For those who need parking, there is a carport. The garage is 229 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of D. 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. 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, 574 North Oak Grove Road sold most recently in Aug 26, 2016 for a total of $156,000. If you work out the math, that's approximately a cost of $102.43 per sqft. Before that, the property was also sold for $132,000 in Mar 15, 2007. 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 $2,986 in taxes each year. 574 North Oak Grove Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $49,025. If we break it down further, the land itself was valued at $9,200. Improvements to the property, however, were assessed at a total of $39,825. 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: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 229
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,523
  • Gross Building Area: 1,523
  • Building Area: 1,523
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,523
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WHITE STATION GARDENS
  • Land Acres: 0.187
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HOOPER LUKAS B
  • Previous Owner : NETWORTH INK LLC
  • Owner Before Previous Owner: LADART ANNA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009202

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 06-8002-0-0017
  • Lot: 95
  • Municipality: MEMPHIS
  • Latitude: 35.147
  • Longitude: -89.883

    Address

  • Full Address: 574 N Oak Grove Rd
  • Address - House Number: 574
  • Street Direction: N
  • Address - Street Name: Oak Grove
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C024
  • 4-Digit Zip Code: 1500
  • Zip Code: 38120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,986

    Appraisal Valuation

  • Standard Deviation: 0.2114
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 278,411
  • High Value: 337,293
  • Low Value: 219,530

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $193,550
  • First Open Lien Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Aug 31, 2016
  • First Open Lien Mortgage Loan Amount: $143,550
  • 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: Sep 01, 2046
  • Second Open Lien Mortgage Lender: ORION FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Sep 01, 2022
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 16, 2042

    Market Valuation

  • Market Total Value: $196,100
  • Market Land Value: $36,800
  • Market Improvement Value: $159,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,025
  • Assessed Land Value: $9,200
  • Assessed Improvements Value: $39,825

    Sales

  • Current Sale Contract Date: Aug 26, 2016
  • Current Sale Recording Date: Aug 31, 2016
  • Current Sale Transaction ID: 1789708886
  • Current Sale Price: $156,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 16089322
  • Previous Sale Recording Date: Mar 29, 2007
  • Previous Sale Contract Date: Mar 15, 2007
  • Previous Sale Amount: $132,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Mortgage Transaction Date: Aug 31, 2016
  • First Mortgage Loan Amount: $143,550
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: FIRST TENNESSEE BANK NA
  • Previous Mortgage Transaction Date: Mar 29, 2007
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 113
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Sep 01, 2016

About Memphis



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Frequently Asked Questions

What neighborhood is 574 North Oak Grove Road located in?
The 574 North Oak Grove Road is a located in the neighborhood of Shelby in Memphis, Memphis.
What is the average sales price for listings in 574 North Oak Grove Road?
The average sales price for units in 574 North Oak Grove Road is $0 currently.

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