NOT LISTED FOR SALE

223 Lorece Ln Memphis, TN 38117

Audubon Park Neighborhood

Estimated Value: $322,000 - $405,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$198/Sq Ft Est. Value

Last Sold February 26, 2016

Last sale price $225,000 $125 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,085/month

Highlights

  • Gated Parking
  • Landscaped Professionally
  • Wood Flooring
  • White Station Middle Rated A-
  • Traditional Architecture
  • 5-minute walk to Avon Park

About This Home

As of February 2016

This home is an oasis in the heart of E Memphis! The backyard is like no other and the interior has been maintained to a "t." You will love the 2 living spaces, fireplace, storage galore, fenced yard with electric iron gate, and immaculate hardwoods. HVAC is a year old. New windows throughout. Irrigation system, 2 car covered parking, deep freezer, and 2 storage rooms are bonuses. One of the best coves in Memphis! $2000 PAINTING BONUS WITH ACCEPTABLE OFFER!

Last Agent to Sell the Property

Lexie Hicks Johnston

Coldwell Banker Collins-Maury License #321557 Listed on: 01/22/2016

Coldwell Banker Collins-Maury

Last Buyer's Agent

Randall Wilder

Sowell, Realtors License #251939

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,322

Year Built

  • Built in 1959

Lot Details

  • 9,583 Sq Ft Lot
  • Wrought Iron Fence
  • Wood Fence
  • Landscaped Professionally
  • Level Lot
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,668 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Smooth Ceilings
  • Fireplace Features Masonry
  • Window Treatments
  • Separate Formal Living Room
  • Dining Room
  • Den with Fireplace
  • Storage Room
  • Washer and Dryer Hookup
  • Keeping Room
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

  • Security Gate
  • Monitored
  • Storm Doors
  • Termite Clearance
  • Iron Doors

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Driveway
  • Gated Parking

Outdoor Features

  • Cove
  • Covered Patio or Porch
  • Gazebo
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System

Community Details

  • Lorece Ave 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055062 00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,322

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Chickasaw
  • MLS Map #: 756A
  • MAAR Subdivision Name: LORECE AVE 2ND ADD
  • List Price Per Sq Ft: 141
  • Number Of Stories: 1
  • Price Per Sq Ft: 134.89
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1668
  • Termite Contract: Yes
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1, Built-In Cabinets/Bkcases, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Den/Great Room
  • Floors/Ceilings: Hardwood Throughout, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Cooktop, Disposal, Dishwasher, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Breakfast Bar, Pantry, Washer/Dryer Connections, W/D Connection in Kitchen, Keeping/Hearth Room
  • Misc Interior: All Window Treatments, Pull Down Attic Stairs, Cat/Dog Free House, Monitored Alarm
  • Number Of Fireplaces: 1
  • Other Rooms: Storage Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Auto Lawn Sprinkler, Storage Building, Patio, Covered Patio, Gazebo, Workshop
  • Exterior Windows: Brick Veneer, Storm Door(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 2
  • Parking Display: 2A
  • Parking Storage: Driveway/Pad, Storage Room(s), Workshop(s), Gated Parking

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Monitored Alarm System, Security Gate, Iron Door(s)

Lot Info

  • Lot Description: Some Trees, Level, Cove, Landscaped, Professionally Landscaped, Wood Fenced, Iron Fenced
  • Lot Number: 6
  • Acreage: 0.22
  • Lot Size: .3
  • Price Per Acre: 1068182

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 055062 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2016
Closed on
Feb 25, 2016
Sold by
El Sabawy Medhat A and Egan Beth M
Bought by
Hancock Jeffrey and Hancock Rebecca
Seller's Agent
Lexie Hicks Johnston
Coldwell Banker Collins-Maury
Buyer's Agent
Randall Wilder
Sowell, Realtors
List Price
$235,000
Sold Price
$225,000
Premium/Discount to List
-$10,000
-4.26%
Current Estimated Value
$356,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,693
Avg. Annual Appreciation
4.90%
Original Mortgage
$202,500
Outstanding Balance
$161,125
Interest Rate
3.81%
Mortgage Type
New Conventional
Estimated Equity
$195,568
Source: Public Records

Range of Values:

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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
Hancock Jeffrey -- Title & Escrow Services Inc
Hancock Jeffrey $225,000 Title & Escrow Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hancock Jeffrey $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2016 02/26/16 Sold $225,000 -4.3% $141 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
01/22/2016 01/22/16 For Sale $235,000 -- $147 / 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 $2,322 $85,175 $27,175 $58,000
2024 $2,322 $68,500 $27,175 $41,325
2023 $4,173 $68,500 $27,175 $41,325
2022 $4,173 $68,500 $27,175 $41,325
2021 $4,222 $68,500 $27,175 $41,325
2020 $4,214 $58,150 $27,175 $30,975
2019 $4,214 $58,150 $27,175 $30,975
2018 $4,214 $58,150 $27,175 $30,975
2017 $2,390 $58,150 $27,175 $30,975
2016 $2,273 $52,025 $0 $0
2014 $2,273 $52,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lexie Hicks Johnston

    Seller's Agent in 2016

    Lexie Hicks Johnston

    Coldwell Banker Collins-Maury

    (901) 489-1604

    45 in this area

    98 Total Sales

    Lexie Hicks Johnston
    Section Image

  • R

    Buyer's Agent in 2016

    Randall Wilder

    Sowell, Realtors

    (901) 848-8994

    3 in this area

    30 Total Sales

    Randall Wilder
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9968964

Memphis Area Association of REALTORS®

APN: 05-5062-0-0008

Tennessee Shelby County Memphis 38117 Audubon Park

223 Lorece Ln, Memphis, TN

This home is located at 223 Lorece Ln, Memphis, TN 38117 since 22 January 2016 and is currently estimated at $356,693, approximately $198 per square foot. This property was built in 1959. 223 Lorece Ln is a home located in Shelby County with nearby schools including White Station Elementary School, White Station Middle, and White Station High.

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