Large Location Icon

602 Loraine Rd; Memphis, TN Property Details

602 Loraine Rd, Memphis, TN is a Single Family that was built in 1972. This property is currently Financed and is not for sale. Our records show that 602 Loraine Rd has 3 bedrooms, and 1 bathroom, and a total of 1,093 square feet. The lot size of 602 Loraine Rd is 6,393 square feet.

Off market
602 Loraine Rd Memphis, TN 38109
$23,650 Estimated Value
3 Beds
1 Baths
1,093 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1972
  • Purchase Price: $90,000
  • Open Loans / Balance: 1 / $63,038
  • Est. Equity / %: $55,962 / 47.03%
  • Gross Yield: 7.261%
  • APN: 07-6114-A0-0017
  • Situs County: Shelby
  • Length Of Ownership: 5 years, 7 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Stories: 1
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: D
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 1,093/SqFt
  • Lot: 6,393/SqFt
  • Gross: 1,093/SqFt
  • Living: 1,093/SqFt
  • Building: 1,093/SqFt
  • Ground: 1,093/SqFt
  • Price Per Square Foot: $82.34
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.01523 / -90.04379
  • Subdivision: Shayne-Ln Gardens
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 6857
  • Bathroom Fixtures: 3
  • Cooling: Central
  • Heating: Central

HOA

  • H O A One Name: Shayne Lane Gardens
  • H O A One Type: Home Owner Association
  • H O A Two Name: Vernon Hobbs Shayne - Lane Gardens Subdivision
  • H O A Two Type: Home Owner Association

Ownership Info

602 Loraine Rd has no associated ownership info
602 Loraine Rd has no associated ownership info.

Taxes

602 Loraine Rd has 10 associated Taxes items

602 Loraine Rd, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $23,650. The APN we've located for 602 Loraine Rd is 07-6114-A0-0017.

Unlock the full report
Taxes
  • Assessed Value:  $23,650
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  07-6114-A0-0017
  • Assessed Land Value:  4125
  • Market Land Value:  16500
  • Tax Amount:  636.19
  • Tax Year:  2025
  • Market Value:  94600
  • Market Year:  2025

Tax History

602 Loraine Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $23,650 Land Value $4,125 Improvement Value $19,525 Tax Amount $636.19 Change Rate +0.265873% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $14,825 Land Value $2,750 Improvement Value $12,075 Tax Amount $502.57 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $14,825 Land Value $2,750 Improvement Value $12,075 Tax Amount $502.57 Change Rate -0.4435% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $14,825 Land Value $2,750 Improvement Value $12,075 Tax Amount $903.09 Change Rate -0.01158% Assessed CR Tax Rate +0.060917%
Year 2021 Assessed Value $14,825 Land Value $2,750 Improvement Value $12,075 Tax Amount $913.67 Change Rate +0.048604% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $12,025 Land Value $2,750 Improvement Value $9,275 Tax Amount $871.32 Change Rate +1.267232% Assessed CR Tax Rate +0.072459%
Year 2019 Assessed Value $12,025 Land Value $2,750 Improvement Value $9,275 Tax Amount $384.31 Change Rate Assessed CR Tax Rate +0.031959%
Year 2018 Assessed Value $12,025 Land Value $2,750 Improvement Value $9,275 Tax Amount $384.31 Change Rate -0.023106% Assessed CR Tax Rate +0.031959%
Year 2017 Assessed Value $12,025 Land Value $2,750 Improvement Value $9,275 Tax Amount $393.4 Change Rate -0.059324% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $12,300 Land Value Improvement Value Tax Amount $418.21 Change Rate -0.221949% Assessed CR Tax Rate +0.034001%
Year 2014 Assessed Value $12,300 Land Value Improvement Value Tax Amount $537.51 Change Rate +0.212629% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $443.26 Change Rate Assessed CR Tax Rate