NOT LISTED FOR SALE

1509 Rayner St Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $75,000 - $116,000

2 Beds
1 Bath
1,016 Sq Ft
$92/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $9,600 $9 Per Sq Ft

Est. 872% increase in value since last sale

Current estimated payment $535/month

50 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • 1-Story Property
  • Wood Flooring
  • Level Lot

About This Home

As of July 2022

House needs a lot of work. Great for seasoned investors or handyman, values are increasing in the area. Owner/agent call for more information.

Last Agent to Sell the Property

Frank Malvezzi

CB Properties of Memphis, LLC License #264358 Listed on: 05/12/2022

Last Buyer's Agent

Timothy Shaw

eXp Realty, LLC License #364694

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

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

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,016 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Wood Flooring
  • Iron Doors

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Community Details

  • South Parkway Willett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 048033 00013

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: SOUTH PARKWAY-WILLETT
  • List Price Per Sq Ft: 9
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1016
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Aluminum Window(s)

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Lot Info

  • Lot Description: Level
  • Lot Number: 135
  • Acreage: 0.13
  • Lot Size: 50X115

Tax Info

  • Assessor Parcel Number: 048033 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2023
Sold by
Bailey and Mellicia
Bought by
Thompson Mellicia Tanya
Current Estimated Value
$93,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,925
Outstanding Balance
$85,173
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$8,187

Purchase Details

Listed on
May 12, 2022
Closed on
Jul 28, 2022
Sold by
Pmw Properties Llc
Bought by
Bailey Shamar and Bailey Mellicia
Seller's Agent
Frank Malvezzi
CB Properties of Memphis, LLC
Buyer's Agent
Timothy Shaw
eXp Realty, LLC
List Price
$9,000
Sold Price
$9,600
Premium/Discount to List
$600
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.86%

Purchase Details

Closed on
Sep 16, 2016
Sold by
Worely Eric
Bought by
Pmw Propeteis Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2003
Sold by
Skyline Investment Corp
Bought by
Johnson William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,200
Interest Rate
6.16%

Purchase Details

Closed on
Nov 7, 2002
Sold by
Moses Kara
Bought by
Skyline Investment Corp

Purchase Details

Closed on
Sep 12, 2002
Sold by
Aldridge Patricia
Bought by
Moses Kara

Purchase Details

Closed on
May 30, 1997
Sold by
Woods Mamie Bell
Bought by
Aldridge Patricia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Thompson Mellicia Tanya -- Foundation Title
Bailey Shamar $9,600 Foundation Title & Escrow
Pmw Propeteis Llc $1,500 None Available
Johnson William $49,000 Title Enterprise Svc Co Llc
Skyline Investment Corp -- --
Moses Kara $15,000 Title Enterprise Svc Co Llc
Aldridge Patricia -- --
Aldridge Patricia -- --
Aldridge Patricia -- --
Aldridge Patricia -- --
Aldridge Patricia -- --
Aldridge Patricia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Mellicia Tanya $86,925
Previous Owner Pmw Propeteis Llc $5,500
Previous Owner Johnson William $39,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2022 07/29/22 Sold $9,600 +6.7% $9 / Sq Ft
05/12/2022 05/12/22 For Sale $9,000 -- $9 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $434 $26,400 $1,675 $24,725
2024 -- $12,800 $825 $11,975
2023 $780 $12,800 $825 $11,975
2022 $364 $5,975 $825 $5,150
2021 $433 $5,975 $825 $5,150
2019 $190 $5,950 $825 $5,125
2018 $190 $5,950 $825 $5,125
2017 $195 $5,950 $825 $5,125
2016 $338 $7,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    Frank Malvezzi

    CB Properties of Memphis, LLC

    Section Image

  • T

    Buyer's Agent in 2022

    Timothy Shaw

    eXp Realty, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10123841

Memphis Area Association of REALTORS®

APN: 04-8033-0-0013

Tennessee Shelby County Memphis 38106 Southeast Memphis

1509 Rayner St, Memphis, TN

Not Listed for Sale

Detached

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