NOT LISTED FOR SALE

2427 Joy Ln Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $72,254 - $95,000

3 Beds
1 Bath
912 Sq Ft
$90/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $48,000 $53 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $469/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Heating Available
  • Wood Flooring
  • Wood Fence
  • 1-Story Property

About This Home

As of May 2022

Two homes next door to each other (2427 + 2429 Joy) sold as package only. Occupied by long term tenant on month to month lease generating $650+$750 in monthly income. Across Ketchum Road from a proposed $50M development by TPA Group. Please do not disturb tenants. Proof of funds required. Owner/Agent

Last Agent to Sell the Property

Andrew Glisson

Sell901 Real Estate License #301675 Listed on: 12/21/2021

Last Buyer's Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $417

Year Built

  • Built in 1954

Lot Details

  • 5,227 Sq Ft Lot
  • Wood Fence

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating Available

Community Details

  • Ronald Clark Resub Lot 1 Reach Cove Subd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 060137 00202

Home Details

Home Type

Single Family

Est. Annual Taxes

$417

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 757H
  • MAAR Subdivision Name: BETHEL GROVE
  • List Price Per Sq Ft: 60
  • Number Of Stories: 1
  • Price Per Sq Ft: 52.63
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 912
  • Year Built: 1954
  • 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: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wood Fence
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Wood Fenced
  • Lot Number: 1A
  • Acreage: 0.12
  • Lot Size: 5444 SF 86 X 66
  • Price Per Acre: 458333

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 060137 00202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2021
Closed on
May 27, 2022
Sold by
Nhr Memphis Iv Llc
Bought by
Delbray Properties Llc
Seller's Agent
Andrew Glisson
Sell901 Real Estate
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$65,000
Sold Price
$48,000
Premium/Discount to List
-$17,000
-26.15%
Current Estimated Value
$81,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,814
Avg. Annual Appreciation
17.03%
Original Mortgage
$33,600
Outstanding Balance
$28,071
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$53,743

Purchase Details

Closed on
Jan 16, 2003
Sold by
Miller Vivian
Bought by
Clark Ronald E and Clark John W
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
Delbray Properties Llc $48,000 Coventry Escrow & Title
Clark Ronald E $26,504 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delbray Properties Llc $33,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2022 05/24/22 Sold $48,000 -12.7% $53 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/12/2022 04/12/22 Price Changed $55,000 -15.4% $60 / Sq Ft
04/05/2022 04/05/22 For Sale $65,000 0.0% $71 / Sq Ft
04/05/2022 04/05/22 Price Changed $65,000 +12.1% $71 / Sq Ft
12/24/2021 12/24/21 Pending -- -- --
12/21/2021 12/21/21 For Sale $58,000 -- $64 / 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 $417 $22,750 $2,450 $20,300
2024 $417 $12,300 $1,000 $11,300
2023 $749 $12,300 $1,000 $11,300
2022 $749 $12,300 $1,000 $11,300
2021 $424 $12,300 $1,000 $11,300
2020 $507 $7,000 $1,000 $6,000
2019 $224 $7,000 $1,000 $6,000
2018 $224 $7,000 $1,000 $6,000
2017 $229 $7,000 $1,000 $6,000
2016 $335 $7,675 $0 $0
2014 $335 $7,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Andrew Glisson

    Sell901 Real Estate

    Section Image
  • Tyler Tapley

    Buyer's Agent in 2022

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    46 in this area

    1,207 Total Sales

    Tyler Tapley
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10114613

Memphis Area Association of REALTORS®

APN: 06-0137-0-0202

Tennessee Shelby County Memphis 38114 Southeast Memphis

2427 Joy Ln, Memphis, TN

This home is located at 2427 Joy Ln, Memphis, TN 38114 since 21 December 2021 and is currently estimated at $81,814, approximately $89 per square foot. This property was built in 1954. 2427 Joy Ln is a home located in Shelby County with nearby schools including Sherwood Middle, Melrose High School, and Southern Avenue Charter School of Academic Excellence Creat.

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