NOT LISTED FOR SALE

216 Timber Ln Memphis, TN 38112

Binghampton Neighborhood

Estimated Value: $75,499 - $109,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$73/Sq Ft Est. Value

Last Sold June 04, 2019

Last sale price $38,160 $32 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $500/month

21 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • 1-Story Property
  • Breakfast Room
  • Central Heating

About This Home

As of June 2019

Tenant Occupied Property. Rent is $575/month with long term tenant; lease expires 2/29/20. Seller is willing to make repairs. Email for questions. Do not disturb tenant.

Last Agent to Sell the Property

Jack Inman

Long Term Invest Mngt License #342513 Listed on: 03/26/2019

Last Buyer's Agent

John Gatti

Keller Williams Realty License #331852

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $260

Year Built

  • Built in 1947

Lot Details

  • 7,405 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,165 Sq Ft Home
  • 1-Story Property
  • Breakfast Room
  • Tile Flooring
  • Iron Doors

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • H Dlugach's Chickasaw Woodlands Subdivision

Listing and Financial Details

  • Assessor Parcel Number 037011 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$260

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 754A
  • MAAR Subdivision Name: DLUGACHS CHICKASAW WOODLANDS
  • List Price Per Sq Ft: 39
  • Number Of Stories: 1
  • Price Per Sq Ft: 32.76
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1165
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Breakfast Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 18andSPT19
  • Acreage: 0.17
  • Lot Size: 60.85/55 X 126/150.4
  • Price Per Acre: 264706

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 037011 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2019
Closed on
May 28, 2019
Sold by
Mokoroa Vainetutai and Mokoroa Teremoana
Bought by
Baraka Homes Of Memphis Llc
Seller's Agent
Jack Inman
Long Term Invest Mngt
Buyer's Agent
John Gatti
Keller Williams Realty
List Price
$45,000
Sold Price
$38,160
Premium/Discount to List
-$6,840
-15.2%
Current Estimated Value
$87,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,465
Avg. Annual Appreciation
14.85%

Purchase Details

Closed on
Jun 28, 2012
Sold by
Veldman Jeremy and Craig Alex
Bought by
Mokoroa Vainetutai and Mokoroa Teremoana

Purchase Details

Closed on
Mar 16, 2012
Sold by
Malvezzi Property Investments Llc
Bought by
Veldman Jeremy and Craig Alex

Purchase Details

Closed on
Sep 12, 2007
Sold by
Fm Properties Llc
Bought by
Malvezzi Property Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
6.65%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 12, 2007
Sold by
Wells Fargo Bank Na
Bought by
Fm Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,500
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2007
Sold by
Sales Millicent
Bought by
Wells Fargo Bank Na and Asset Backed Securities Corp Home Equity

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,500
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
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
Baraka Homes Of Memphis Llc $38,160 Executive Ttl & Closing Inc
Mokoroa Vainetutai $26,900 None Available
Veldman Jeremy $10,500 Saddle Creek Title Llc
Malvezzi Property Investments $23,759 None Available
Fm Properties Llc $17,500 Lehman Land Title Inc
Wells Fargo Bank Na $40,537 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fm Properties Llc $5,000
Previous Owner Fm Properties Llc $17,500
Previous Owner Sales Millicent $47,800
Previous Owner Sales Millicent $30,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2019 06/04/19 Sold $38,160 -15.2% $38 / Sq Ft
03/26/2019 03/26/19 For Sale $45,000 -- $45 / 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 $260 $12,150 $2,500 $9,650
2024 $260 $7,675 $1,250 $6,425
2023 $468 $7,675 $1,250 $6,425
2022 $468 $7,675 $1,250 $6,425
2021 $265 $7,675 $1,250 $6,425
2020 $458 $6,325 $1,250 $5,075
2019 $202 $6,325 $1,250 $5,075
2018 $202 $6,325 $1,250 $5,075
2017 $207 $6,325 $1,250 $5,075
2016 $278 $6,350 $0 $0
2014 $278 $6,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jack Inman

    Long Term Invest Mngt

    Section Image

  • J

    Buyer's Agent in 2019

    John Gatti

    Keller Williams Realty

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048769

Memphis Area Association of REALTORS®

APN: 03-7011-0-0016

Tennessee Shelby County Memphis 38112 Binghampton

216 Timber Ln, Memphis, TN

This home is located at 216 Timber Ln, Memphis, TN 38112 since 26 March 2019 and is currently estimated at $87,625, approximately $73 per square foot. This property was built in 1947. 216 Timber Ln is a home located in Shelby County with nearby schools including Treadwell Middle School, Douglass High School, and Cornerstone Prep - Lester Campus.

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