NOT LISTED FOR SALE

242 Lorece Ln Memphis, TN 38117

Audubon Park Neighborhood

Estimated Value: $318,000 - $389,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$195/Sq Ft Est. Value

Last Sold July 28, 2021

Last sale price $330,000 $183 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,067/month

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Attic
  • White Station Middle Rated A-
  • Wood Flooring
  • 4-minute walk to Avon Park

About This Home

As of July 2021

This gorgeous, 3BR/2BA, one-story, brick home is located in desirable East Memphis neighborhood one block from Avon Park, White Station Elementary & Avon Lenox High School. Well-maintained block with fantastic neighbors. Renovated kitchen and master bath, real hardwood floors throughout, gorgeous entry w/marble tile, separate living/dining/den. Attached 1-car carport & covered brick patio w/storage room. Floored attic for even more storage. Showings by appointment only 12-4pm 6/26 & 6/27.

Last Agent to Sell the Property

Stephanie Cobb

Bridge Realty Memphis License #326704 Listed on: 06/21/2021

Last Buyer's Agent

David Lee Steinberg

River City Land Co., LLC License #313473

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,476

Year Built

  • Built in 1958

Lot Details

  • Lot Dimensions are 90x125
  • Wood Fence
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,604 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Window Treatments
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Storage Room
  • Pull Down Stairs to Attic

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • 1 Car Attached Garage
  • Carport
  • Driveway

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System

Community Details

  • Lorece Ave 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055063 00019

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,476

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 756A
  • MAAR Subdivision Name: LORECE AVE 2ND ADD
  • List Price Per Sq Ft: 203
  • Number Of Stories: 1
  • Price Per Sq Ft: 205.74
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1604
  • Year Built: 1958
  • 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
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Cooktop, Disposal, Dishwasher
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Breakfast Bar, W/D Connection in Kitchen
  • Misc Interior: Excl Some Window Treatmnt, Pull Down Attic Stairs
  • Other Rooms: Laundry Closet, Attic
  • Total Bathrooms: 2
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, Patio, Covered Patio, Wood Fence, Storage
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Wood Fenced
  • Lot Number: 18
  • Lot Size: 90X125

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 055063 00019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Jul 28, 2021
Sold by
Sharp Emily Mae and Sharp Christopher Michael
Bought by
Levi Jordan Mayer
Seller's Agent
Stephanie Cobb
Bridge Realty Memphis
Buyer's Agent
David Lee Steinberg
River City Land Co., LLC
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%
Current Estimated Value
$351,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,002
Avg. Annual Appreciation
1.47%
Original Mortgage
$313,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2018
Closed on
Sep 6, 2018
Sold by
Gates Michael and Gates Debra
Bought by
Sharp Christopher M and Sharp Emily M
Seller's Agent
Christina Morris
Hobson, REALTORS
Buyer's Agent
Stephanie Cobb
Bridge Realty Memphis
List Price
$289,000
Sold Price
$274,000
Premium/Discount to List
-$15,000
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$265,780
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 3, 2018
Closed on
Apr 30, 2018
Sold by
Jones Lynn J
Bought by
Gates Debra and Gates Michael
Seller's Agent
James Pascover
Crye-Leike, Inc., REALTORS
Buyer's Agent
Christina Morris
Hobson, REALTORS
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
113.84%

Purchase Details

Closed on
Feb 13, 1998
Sold by
Greve Laura G
Bought by
Jones Lynn J
Source: Public Records

Range of Values:

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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
Levi Jordan Mayer $330,000 None Available
Sharp Christopher M $274,000 Memphis Title Co
Gates Debra $210,000 Realty Title
Jones Lynn J $147,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Levi Jordan Mayer $313,500
Previous Owner Sharp Christopher M $265,780
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2021 07/28/21 Sold $330,000 +1.5% $206 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $325,000 -1.5% $203 / Sq Ft
06/21/2021 06/21/21 Off Market $330,000 -- --
09/06/2018 09/06/18 Sold $274,000 -1.8% $171 / Sq Ft View Prior Sale
07/12/2018 07/12/18 Price Changed $279,000 -1.4% $174 / Sq Ft
06/22/2018 06/22/18 Price Changed $283,000 -2.1% $177 / Sq Ft
06/01/2018 06/01/18 For Sale $289,000 +37.6% $181 / Sq Ft
04/30/2018 04/30/18 Sold $210,000 -4.5% $131 / Sq Ft View Prior Sale
04/05/2018 04/05/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $220,000 -- $138 / 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 $2,476 $84,050 $27,175 $56,875
2024 $2,476 $73,025 $27,175 $45,850
2023 $4,448 $73,025 $27,175 $45,850
2022 $4,448 $73,025 $27,175 $45,850
2021 $2,519 $73,025 $27,175 $45,850
2020 $3,846 $53,075 $27,175 $25,900
2019 $1,696 $53,075 $27,175 $25,900
2018 $1,696 $53,075 $27,175 $25,900
2017 $1,736 $53,075 $27,175 $25,900
2016 $2,071 $47,400 $0 $0
2014 $2,071 $47,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Stephanie Cobb

    Bridge Realty Memphis

    Section Image

  • D

    Buyer's Agent in 2021

    David Lee Steinberg

    River City Land Co., LLC

    Section Image

  • J

    Seller's Agent in 2018

    James Pascover

    Crye-Leike

    Section Image
  • Christina Morris

    Seller's Agent in 2018

    Christina Morris

    Hobson, REALTORS

    (901) 277-1699

    32 in this area

    66 Total Sales

    Christina Morris
    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Ruth Morris

    Hobson, REALTORS

    20 in this area

    39 Total Sales

    Ruth Morris
    Section Image

  • R

    Buyer Co-Listing Agent in 2018

    Rhonda Rooks

    RE/MAX

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10102187

Memphis Area Association of REALTORS®

APN: 05-5063-0-0019

Tennessee Shelby County Memphis 38117 Audubon Park

242 Lorece Ln, Memphis, TN

This home is located at 242 Lorece Ln, Memphis, TN 38117 since 21 June 2021 and is currently estimated at $351,002, approximately $195 per square foot. This property was built in 1958. 242 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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