1521 Lookout Rd Memphis, TN 38127
Frayser NeighborhoodEstimated Value: $101,000 - $121,000
4
Beds
1.5
Baths
1,200-1,399
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Separate Formal Living Room
- 1 Car Detached Garage
- Wood Flooring
- Den
- Porch
About This Home
As of July 2023This is a lovely and charming starter home or you can make this an amazing investment opportunity! Located in nice and quiet pocket of 38127, very near highway access to I-40 or Hwy 51 This home is currently holding a Sec. 8 tenant paying $1,130 per month meaning you will instantly begin great cash-flowing opportunity! New Roof installed in 2022 and systems are up-to-date in good conditions. Selling "As Is" Please, Do Not disturb tenant. No Showings until accepted offer. Owner Agent
Last Agent to Sell the Property
BEST Real Estate Company License #333455 Listed on: 04/11/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 1952
Lot Details
- 0.45 Acre Lot
- Lot Dimensions are 100x200
- Landscaped
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
- Composition Shingle Roof
Interior Spaces
- 1,200-1,399 Sq Ft Home
- 1,378 Sq Ft Home
- 1-Story Property
- Separate Formal Living Room
- Dining Room
- Den
- Breakfast Bar
- Washer and Dryer Hookup
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 3 Main Level Bedrooms
Parking
- 1 Car Detached Garage
- Driveway
Additional Features
- Porch
- Central Heating and Cooling System
Community Details
- Alta Vista Subdivision
Listing and Financial Details
- Assessor Parcel Number 070037 00006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 11, 2023
Closed on
Jun 13, 2023
Sold by
Ojp Llc
Bought by
Purple Reign Properties Llc
Seller's Agent
Oksana Piven
BEST Real Estate Company
Buyer's Agent
Joshua Cooper
Sowell, Realtors
List Price
$129,500
Sold Price
$107,000
Premium/Discount to List
-$22,500
-17.37%
Total Days on Market
36
Views
133
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,102
Avg. Annual Appreciation
-1.15%
Original Mortgage
$80,250
Interest Rate
6.71%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 27, 2012
Closed on
Oct 25, 2012
Sold by
Walker Raygenea I and Walker Raygenea I
Bought by
Heritage Properties Of Tn Cx and Alexander
Seller's Agent
Jimmie Hopson
Crye-Leike, Inc., REALTORS
Buyer's Agent
Daphne Battle
Signature Realty, LLC
List Price
$26,000
Sold Price
$22,500
Premium/Discount to List
-$3,500
-13.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.47%
Original Mortgage
$40,000
Interest Rate
3.53%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 17, 2007
Sold by
Walker Jeffery
Bought by
Walker Helen
Purchase Details
Closed on
Apr 12, 2005
Sold by
Walker Helen
Bought by
Walker Helen and Walker Jeffery
Purchase Details
Closed on
Oct 30, 2004
Sold by
Love Michael D and Love Maria A
Bought by
Walker Johnny and Walker Helen
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Purple Reign Properties Llc | $107,000 | None Listed On Document | |
| Heritage Properties Of Tn Cx | $22,500 | -- | |
| Walker Helen | -- | None Available | |
| Walker Helen | -- | Assured Escrow & Title Closi | |
| Walker Johnny | $70,000 | Assured Escrow & Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Purple Reign Properties Llc | $80,250 | |
| Previous Owner | Heritage Properties Of Tn Cx | $40,000 | |
| Previous Owner | Love Michael | $53,070 | |
| Previous Owner | Love Michael D | $15,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2023 07/28/23 | Sold | $107,000 | -6.6% | $89 / Sq Ft |
| 05/08/2023 05/08/23 | Price Changed | $114,500 | -4.2% | $95 / Sq Ft |
| 04/17/2023 04/17/23 | Price Changed | $119,500 | -7.7% | $100 / Sq Ft |
| 04/11/2023 04/11/23 | For Sale | $129,500 | +475.6% | $108 / Sq Ft |
| 09/27/2012 09/27/12 | Sold | $22,500 | -13.5% | $16 / Sq Ft |
| 09/17/2012 09/17/12 | Pending | -- | -- | -- |
| 06/27/2012 06/27/12 | For Sale | $26,000 | -- | $19 / 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 |
|---|---|---|---|---|
| 2024 | -- | $15,475 | $1,775 | $13,700 |
| 2023 | $943 | $15,475 | $1,775 | $13,700 |
| 2022 | $943 | $15,475 | $1,775 | $13,700 |
| 2021 | $1,120 | $15,475 | $1,775 | $13,700 |
| 2020 | $735 | $10,150 | $1,775 | $8,375 |
| 2019 | $324 | $10,150 | $1,775 | $8,375 |
| 2018 | $324 | $10,150 | $1,775 | $8,375 |
| 2017 | $332 | $10,150 | $1,775 | $8,375 |
| 2016 | $436 | $9,975 | $0 | $0 |
| 2014 | $436 | $9,975 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Oksana Piven
Seller's Agent in 2023
Oksana Piven
BEST Real Estate Company
(901) 848-4828
6 in this area
47 Total Sales
-
Joshua Cooper
Buyer's Agent in 2023
Joshua Cooper
Sowell, Realtors
12 in this area
135 Total Sales
-
Jimmie Hopson
Seller's Agent in 2012
Jimmie Hopson
Crye-Leike
(901) 335-5697
22 in this area
105 Total Sales
-
Daphne Battle
Buyer's Agent in 2012
Daphne Battle
Signature Realty, LLC
(901) 233-4487
53 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10145587
APN: 07-0037-0-0006
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