1351 Favell Dr Memphis, TN 38116
Whitehaven Neighborhood
3
Beds
2
Baths
1,200-1,399
Sq Ft
0.36
Acres
Highlights
- Traditional Architecture
- Porch
- Laundry Room
- Corner Lot
- Eat-In Kitchen
- Central Heating and Cooling System
About This Home
As of April 2025Great opportunity for a 3 bedroom, 2 bath home with a large living room, dining room and big den plus an eat in kitchen selling as is. Large fenced corner lot, with a 2 car carport and priced far below market value to sell now. House needs some repairs and will not qualify for traditional FHA or VA loans. THIS PROPERTY MUST BE LISTED IN THE MLS FOR A MINIMUM OF 7 CALENDAR DAYS BEFORE ANY OFFER IS ACCEPTED.
Last Agent to Sell the Property
Crye-Leike, Inc., REALTORS License #209672 Listed on: 03/12/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $732
Year Built
- Built in 1959
Lot Details
- 0.36 Acre Lot
- Lot Dimensions are 110x135
- Corner Lot
Home Design
- Traditional Architecture
- Composition Shingle Roof
Interior Spaces
- 1,200-1,399 Sq Ft Home
- 1,368 Sq Ft Home
- 1-Story Property
- Window Treatments
- Combination Dining and Living Room
- Partially Carpeted
- Laundry Room
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Driveway
Additional Features
- Porch
- Central Heating and Cooling System
Community Details
- Graceland Subdivision
Listing and Financial Details
- Assessor Parcel Number 078070 00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 12, 2025
Closed on
Apr 21, 2025
Sold by
Lsf9 Master Participation Trust and Us Bank Trust Na
Bought by
Mdm Investments Of Memphis Llc
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
List Price
$124,900
Sold Price
$120,000
Premium/Discount to List
-$4,900
-3.92%
Views
94
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
Original Mortgage
$108,000
Outstanding Balance
$90,494
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
$30,700
Purchase Details
Closed on
Jan 2, 2018
Sold by
James Kris and James Genoa
Bought by
Us Bank Trust Na and Lsf9 Master Participation Trust
Purchase Details
Closed on
Nov 30, 1999
Sold by
Byrd Felecia A
Bought by
James Genoa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,458
Interest Rate
7.99%
Mortgage Type
FHA
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $120,000 | Excel Title & Escrow | |
| Trustee Deed | $112,465 | None Available | |
| Warranty Deed | $80,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,000 | Construction | |
| Previous Owner | $80,458 | FHA | |
| Closed | $1,681 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | For Sale | $189,000 | 0.0% | $158 / Sq Ft |
| 07/05/2025 07/05/25 | Pending | -- | -- | -- |
| 06/28/2025 06/28/25 | For Sale | $189,000 | +57.5% | $158 / Sq Ft |
| 04/30/2025 04/30/25 | Sold | $120,000 | +0.1% | $100 / Sq Ft |
| 04/10/2025 04/10/25 | Pending | -- | -- | -- |
| 04/07/2025 04/07/25 | Price Changed | $119,900 | -4.0% | $100 / Sq Ft |
| 03/12/2025 03/12/25 | For Sale | $124,900 | -- | $104 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $732 | $35,675 | $5,600 | $30,075 |
| 2024 | $732 | $21,600 | $4,300 | $17,300 |
| 2023 | $1,316 | $21,600 | $4,300 | $17,300 |
| 2022 | $1,316 | $21,600 | $4,300 | $17,300 |
| 2021 | $1,331 | $21,600 | $4,300 | $17,300 |
| 2020 | $1,379 | $19,025 | $4,300 | $14,725 |
| 2019 | $608 | $19,025 | $4,300 | $14,725 |
| 2018 | $608 | $19,025 | $4,300 | $14,725 |
| 2017 | $622 | $19,025 | $4,300 | $14,725 |
| 2016 | $806 | $18,450 | $0 | $0 |
| 2014 | $806 | $18,450 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Valencia Gathwright
Seller's Agent in 2025
Valencia Gathwright
Keller Williams
(901) 649-5959
6 in this area
73 Total Sales
-
Jimmie Tapley
Seller's Agent in 2025
Jimmie Tapley
Crye-Leike, Inc., REALTORS
(901) 336-7898
15 in this area
278 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10191808
APN: 07-8070-0-0001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.
Nearby Homes
- 3831 Hermitage Dr
- 1406 Randall Dr
- 1279 Timothy Dr
- 1327 David Dr
- 3811 Patte Ann Dr
- 1460 Lehr Dr
- 3652 Acacia St
- 3779 Mickey Dr
- 1277 Old Hickory Rd
- 3639 Huckleberry St
- 3629 Huckleberry St
- 1495 Bonnie Dr
- 3969 Millbranch Rd
- 4080 E Whitehaven Park Cir
- 1734 Berwind Rd
- 3976 Bernadine Dr
- 899 Craft Rd
- 4292 Mickey Dr
- 4232 Ambrose Rd
- 1421 Janis Dr