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Posts Tagged ‘2012’

Shelby County’s Top 5 Commercial Sales of 2012

January 30th, 2013 Comments off

Commercial sales were up 2.5% from 2011 with 743 sales recorded. Total sales revenue was up 36% from last year with $1 billion in sales compared to $799 million in 2011.

Following are the top 5 commercial transactions:

4660 Collierville Rd , 38017 on May 8, 2012 for $54,000,000-Carriage Avenue Shopping Center

 

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4500 Quality Dr, 38118 on July 9, 2012 for $37,250,000-Lots 4-10 in Southpark Distribution Center

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6750 Poplar Ave, 38138 on March 23, 2012 for $33,000,000-Office Building

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160 Madison Farms, 38017 on June 20, 2012 for $32,100,000-The Madison at Schilling Farms Apartments

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8840 Bristol Park Dr, 38133 on June 14, 2012 for $29,985,375-The Legends at Wolfchase Apartments

 

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Shelby County’s Top 5 Home Sales of 2012

January 15th, 2013 Comments off

There were 5 home sales recorded in Shelby County in 2012 that were over $2 million. Home sales over $1 million were up 50% from last year with 33 recorded compared to 22 in 2011.

Following are Shelby County’s Top 5 Residential Transactions of 2012:

Chandler Reports 

1335 HERON OAKS CV  – HERON OAKS SUBDIVISION. SOLD FOR $2,000,000($182.40/SQFT) ON 8/31/2012.
6539 COTTINGHAM  – EASTWOOD MANOR SUBDIVISION. SOLD FOR $2,030,000($245.23/SQFT) ON 6/20/2012.

 

231 CLOISTER GREEN  – RIVER OAKS-8 SUBDIVISION. SOLD FOR $2,375,000($239.29/SQFT) ON 6/8/2012.

2344 JOHNSON RD  – DOGWOOD GROVE/M SUBDIVISION. SOLD FOR $2,200,000($219.65/SQFT) ON 4/26/2012.
298 CLOISTER GREEN  – RIVER OAKS-8 SUBDIVISION. SOLD FOR $2,100,000($194.35/SQFT) ON 2/27/2012.

Appealing Your Property Taxes – Easy as 1, 2, 3

May 22nd, 2012 Comments off

Over the years you have probably seen Andy Wise, Chief Consumer Investigator for WMC TV Action 5 News, talking about various products for Shelby County homeowners to appeal their annual property tax appraisal values. If you haven’t seen the segment, you can check it out here: http://bit.ly/lgvGHG

Each year, Memphis and Shelby County homeowners have the opportunity to appeal their property tax appraisal value based on local market conditions and what they feel the fair market value of their home is if they were to sell it compared to what the Assessor has determined as the value.

The Shelby County Assessor’s website makes filing a review of your property value as easy as 1, 2, 3. All you need to do is complete their online form, provide them the data about your property and the value that you feel your home is worth based on 2011 sales comparables of homes that are near yours and closely match your property in year built, square footage and other factors. Click the submit button and your review is on it’s way.

The Assessor will contact you via letter to let you know if they have lowered your appraisal value based on the data that you submitted. The Shelby County Assessor is accepting informal reviews through June 8th. You can access their online form here.

If you disagree with the Assessor’s response you can then file an appeal to the Shelby County Board of Equalization. The deadline to contact the Shelby County Board of Equalization is Friday, June 29th. You can contact them at 901-379-7160. They will mail you the required forms that you will need to complete and submit back to them. Once they review your appeal forms, they will schedule your meeting with the Board where you will present your case, in person, at their offices.

Chandler Reports is happy to review your current property appraisal value and sales comparables before you decide to file an informal review or appeal to the Board. Please contact Wendy Greenlaw at wendy@chandlerreports.com or 901-528-5273 for a free property analysis report.

The following are some great tips and tricks for appealing your 2012 property tax appraisal value!

Keep in mind that you only have 15 minutes to present your case to the Board of Equalization.

Be prepared and make sure you have all of the data that you need with you to prove that your property tax appraisal value should be lower based on 3-4 sales comparables from 2011.

Bank sales, properties foreclosed by the bank and then resold, are not permitted as valid sales comparables!

If your home is surrounded by rundown and/or foreclosed properties that could be affecting your home’s value, take external property photos of your property and those closest to your home to show to the Board.

If you have refinanced your home, or had a formal appraisal conducted on your property in the last 3 years, be sure to request a copy of the appraisal from the Certified Appraiser or the Lender.

If you have not remodeled the inside of your home in the last 15-20 years, take photos of the original kitchen, bathrooms, flooring etc. This will aid in your appeal if most homes in your neighborhood have been upgraded or remodeled and resold at higher values.

Be sure you are not in jeopardy of a tax increase! If your data shows that your property should be at a higher value than the 2011 rate, the Board of Equalization can RAISE the value for your property!

You may purchase our $49 Tax Kit available at www.shelbytaxappeal.com to receive a detailed property profile report for your home, sales comparables for the past 2 years, our Foreclosure Effect Report, access to The Daily News Online’s neighborhood report and more! Check out our free reports on the site as well!

Certified, professional appraisers can provide you a full analysis of your property and assist you with determining the fair market value of your home. Licensed appraisers have the education and experience necessary to give you an independent, impartial and objective opinion of value. You may click here for a list of local Appraisers.

Please contact us if we can assist you in any way! We are here to help!