NOT LISTED FOR SALE

1424 Rayner St Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $39,000 - $132,000

3 Beds
1 Bath
1,400-1,599 Sq Ft
$55/Sq Ft Est. Value

Last Sold August 10, 2024

Last sale price $32,000 $20 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $485/month

7 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • 2 Car Detached Garage
  • Wood Flooring
  • Separate Formal Living Room
  • Porch

About This Home

As of August 2024

CALLING ALL EXPERIENCED INVESTORS! This property needs COMPLETE REHAB but has tons of upside potential and is nestled in a well established neighborhood. Spacious den and kitchen, real hardwood floors, detached garage. This would make an excellent opportunity to expand your portfolio once you restore this home to it's former glory!

Last Agent to Sell the Property

Kesha Hamilton

Keller Williams License #320924 Listed on: 05/30/2024

Keller Williams

Last Buyer's Agent

Haydn Wiseman

Cahltrep Realty, LLC License #333143

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1926

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x115
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,498 Sq Ft Home
  • 1.2-Story Property
  • Separate Formal Living Room
  • Eat-In Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Porch

Community Details

  • South Parkway Willett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 048035 00014

Home Details

Home Type

Single Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: SOUTH PARKWAY-WILLETT
  • Number Of Stories: 1.2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1498
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Level 2, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2D
  • Parking Storage: Driveway/Pad, Front-Load Garage

Lot Info

  • Lot Description: Level
  • Lot Number: 94
  • Acreage: 0.13
  • Lot Size: 50X115
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 048035 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2025
Sold by
Gp Memphis Rev
Bought by
Tuckerman Properties Llc
Current Estimated Value
$87,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,920
Outstanding Balance
$103,550
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
-$15,854

Purchase Details

Closed on
Mar 28, 2025
Sold by
Spangenberg Nicholas
Bought by
Memphis Rev Gp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,920
Outstanding Balance
$103,550
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
-$15,854

Purchase Details

Listed on
May 30, 2024
Closed on
Aug 8, 2024
Sold by
Long Willie Mae and Davis Audrey
Bought by
Spangenberg Nicholas
Seller's Agent
Kesha Hamilton
Keller Williams
Buyer's Agent
Haydn Wiseman
Cahltrep Realty, LLC
List Price
$39,000
Sold Price
$32,000
Premium/Discount to List
-$7,000
-17.95%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
130.06%
Original Mortgage
$100,000
Interest Rate
6.95%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tuckerman Properties Llc $129,900 Nexus Title & Escrow
Memphis Rev Gp -- None Listed On Document
Spangenberg Nicholas $32,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tuckerman Properties Llc $103,920
Previous Owner Spangenberg Nicholas $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2024 08/10/24 Sold $32,000 -17.9% $23 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $39,000 -- $28 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 -- $8,800 $1,675 $7,125
2024 $305 $9,000 $825 $8,175
2023 $548 $9,000 $825 $8,175
2022 $548 $9,000 $825 $8,175
2021 $555 $9,000 $825 $8,175
2020 $641 $8,850 $825 $8,025
2019 $641 $8,850 $825 $8,025
2018 $641 $8,850 $825 $8,025
2017 $364 $8,850 $825 $8,025
2016 $493 $11,275 $0 $0
2014 $493 $11,275 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kesha Hamilton

    Seller's Agent in 2024

    Kesha Hamilton

    Keller Williams

    (901) 831-5308

    3 in this area

    127 Total Sales

    Kesha Hamilton
    Section Image
  • Haydn Wiseman

    Buyer's Agent in 2024

    Haydn Wiseman

    Cahltrep Realty, LLC

    (901) 334-8895

    2 in this area

    76 Total Sales

    Haydn Wiseman
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10173452

Memphis Area Association of REALTORS®

APN: 04-8035-0-0014

Tennessee Shelby County Memphis 38106 Southeast Memphis

1424 Rayner St, Memphis, TN

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