NOT LISTED FOR SALE

243 Rae Dr Munford, TN 38058

Estimated Value: $185,000 - $236,514

3 Beds
2 Baths
1,200-1,399 Sq Ft
$153/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $167,500 $120 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,232/month

73 Days on Market

Highlights

  • 1.06 Acre Lot
  • Great Room
  • Breakfast Bar
  • Traditional Architecture
  • Double Pane Windows
  • Patio

About This Home

As of April 2021

Great Investment Opportunity in a very popular rental spot in Munford. Do NOT disturb tenants. Showings need to be scheduled at least 24 hours in advance out of respect to tenants. Rents for $1300 per month. Property being sold as-is.

Last Agent to Sell the Property

Christopher Lowrie

Bluff City Realty Group, LLC License #352065 Listed on: 01/12/2021

Last Buyer's Agent

James Wachob

Foundation Property Management License #294924

Foundation Property Management

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $787

Year Built

  • Built in 2016

Lot Details

  • 1.06 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,290 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Great Room
  • Partially Carpeted
  • Breakfast Bar
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Garage Door Opener

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Happy Valley Sec D Subdivision

Listing and Financial Details

  • Assessor Parcel Number 112P 113M A01500

Home Details

Home Type

Single Family

Est. Annual Taxes

$787

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 621B
  • MAAR Subdivision Name: HAPPY VALLEY SEC D
  • List Price Per Sq Ft: 128
  • Number Of Stories: 2
  • Price Per Sq Ft: 129.84
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1290
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Great Room, Breakfast Bar, Washer/Dryer Connections
  • Master Bedroom Dimensions: 15x12
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer, Double Pane Window(s)

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 104
  • Acreage: 1.06
  • Lot Size: 46,600 Sq Ft.
  • Price Per Acre: 155660

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 112P 113M A01500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2021
Closed on
Apr 30, 2021
Sold by
Mellor Properties Llc
Bought by
Joseph Mark Andrew and Joseph Pauline Marie
Seller's Agent
Christopher Lowrie
Bluff City Realty Group, LLC
Buyer's Agent
James Wachob
Foundation Property Management
List Price
$165,000
Sold Price
$167,500
Premium/Discount to List
$2,500
1.52%
Current Estimated Value
$213,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,379
Avg. Annual Appreciation
7.95%
Original Mortgage
$125,625
Outstanding Balance
$115,050
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$118,186

Purchase Details

Closed on
Mar 15, 2017
Sold by
Tipton Investment Properti
Bought by
Mellor 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
$97,500
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2015
Sold by
Patriot Bank
Bought by
Tipton Investments 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
$90,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 1988
Bought by
Reed Paul Wayne
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Joseph Mark Andrew $167,500 None Available
Mellor Properties Llc $150,000 --
Tipton Investments Properties Llc $8,000 --
Reed Paul Wayne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joseph Mark Andrew $125,625
Previous Owner Mellor Properties Llc $97,500
Previous Owner Tipton Investments Properties Llc $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $167,500 +1.5% $140 / Sq Ft
01/12/2021 01/12/21 For Sale $165,000 -- $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
2024 $787 $51,750 $10,250 $41,500
2023 $787 $51,750 $10,250 $41,500
2022 $742 $36,350 $7,525 $28,825
2021 $742 $36,350 $7,525 $28,825
2020 $741 $36,350 $7,525 $28,825
2019 $703 $29,050 $4,475 $24,575
2018 $703 $29,050 $4,475 $24,575
2017 $703 $29,050 $4,475 $24,575
2016 $506 $29,050 $4,475 $24,575
2015 $108 $4,475 $4,475 $0
2014 $108 $4,463 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christopher Lowrie

    Seller's Agent in 2021

    Christopher Lowrie

    Bluff City Realty Group, LLC

    (901) 907-3122

    4 in this area

    62 Total Sales

    Christopher Lowrie
    Section Image
  • James Wachob

    Buyer's Agent in 2021

    James Wachob

    Foundation Property Management

    (901) 633-1484

    10 in this area

    622 Total Sales

    James Wachob
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10091664

Memphis Area Association of REALTORS®

APN: 112P-A-015.00

Tennessee Tipton County Munford 38058

243 Rae Dr, Munford, TN

This home is located at 243 Rae Dr, Munford, TN 38058 since 12 January 2021 and is currently estimated at $213,879, approximately $152 per square foot. This property was built in 2016. 243 Rae Dr is a home located in Tipton County with nearby schools including Drummonds Elementary School, Munford Middle School, and Munford High School.

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