NOT LISTED FOR SALE

1603 Ragan St Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $48,369 - $114,000

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

Last Sold December 02, 2021

Last sale price $29,000 $32 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $482/month

4 Days on Market

Highlights

  • 0.34 Acre Lot
  • Separate Formal Living Room
  • Tile Flooring
  • Traditional Architecture
  • Den
  • Outdoor Storage

About This Home

As of December 2021

Awesome Investment opportunity! The property has been vacant for roughly 4 months. Average rents for this market are $690/month with the median rents at $695/month per rentometer. Take your contractor and team to price out renovations. Property priced to sell fast. Don't wait, seller motivated!

Last Agent to Sell the Property

J.C. McKinnon

REMAX Experts License #334301 Listed on: 11/15/2021

REMAX Experts

Last Buyer's Agent

J.C. McKinnon

REMAX Experts License #334301 Listed on: 11/15/2021

REMAX Experts

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $238

Year Built

  • Built in 1946

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 50x287

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 918 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Den
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

  • East Dixie Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 048030 00036

Home Details

Home Type

Single Family

Est. Annual Taxes

$238

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 748A
  • MAAR Subdivision Name: DIXIE HEIGHTS (EAST)
  • List Price Per Sq Ft: 28
  • Number Of Stories: 1
  • Price Per Sq Ft: 31.59
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 918
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedrooms: 2
  • Floors/Ceilings: Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Den
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: On-Site Storage
  • Exterior Windows: Aluminum Window(s)

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Number: 12
  • Acreage: 0.34
  • Lot Size: 50X287
  • Price Per Acre: 75515

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 048030 00036

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Dec 2, 2021
Sold by
Goggins Janeen
Bought by
Safeeullah Gayle Raysor
Seller's Agent
J.C. McKinnon
REMAX Experts
Buyer's Agent
J.C. McKinnon
REMAX Experts
List Price
$25,675
Sold Price
$29,000
Premium/Discount to List
$3,325
12.95%
Current Estimated Value
$84,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,695
Avg. Annual Appreciation
32.70%
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
Safeeullah Gayle Raysor $29,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $29,000 +13.0% $32 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $25,675 -- $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 $238 $9,675 $2,575 $7,100
2024 $198 $7,025 $1,975 $5,050
2023 $428 $7,025 $1,975 $5,050
2022 $428 $7,025 $1,975 $5,050
2021 $509 $7,025 $1,975 $5,050
2020 $509 $7,025 $1,975 $5,050
2019 $225 $7,025 $1,975 $5,050
2018 $225 $7,025 $1,975 $5,050
2017 $230 $7,025 $1,975 $5,050
2016 $265 $6,075 $0 $0
2014 $265 $6,075 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J.C. McKinnon

    Seller's Agent in 2021

    J.C. McKinnon

    RE/MAX

    (901) 650-0096

    2 in this area

    17 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10112730

Memphis Area Association of REALTORS®

APN: 04-8030-0-0036

Tennessee Shelby County Memphis 38106 Southeast Memphis

1603 Ragan St, Memphis, TN

This home is located at 1603 Ragan St, Memphis, TN 38106 since 15 November 2021 and is currently estimated at $84,092, approximately $91 per square foot. This property was built in 1946. 1603 Ragan St is a home located in Shelby County with nearby schools including Hamilton High School, Memphis College Preparatory, and Veritas College Preparatory.

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