NOT LISTED FOR SALE

2431 Ridgeway Rd Memphis, TN 38119

Balmoral Neighborhood

Estimated Value: $227,000 - $301,000

4 Beds
2 Baths
2,600-2,799 Sq Ft
$96/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $245,000 $88 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,677/month

87 Days on Market

Highlights

  • Bonus Room with Fireplace
  • Wood Flooring
  • Separate Formal Living Room
  • Traditional Architecture
  • Attic
  • Porch

About This Home

As of March 2024

BIG PRICE REDUCTION!!! Uncover this East Memphis treasure with 4 bedrooms, including a versatile in-law wing, and 2 baths in 2,700 sf. It features a primary suite with a private bath and walk-in closet, hardwood floors, dual stone fireplaces, a home office, and a blend of indoor and outdoor living with a private courtyard and covered porch. Also includes a two-car garage and a bonus workshop. Ideally located in the Balmoral area, it's a perfect canvas for your lifestyle.

Last Agent to Sell the Property

Tracy Kirkley

Crye-Leike, Inc., REALTORS License #283078 Listed on: 11/02/2023

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

DeAnna Lee

C21 Patterson & Assoc. Real Es License #370591

C21 Patterson & Assoc. Real Es

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,874

Year Built

  • Built in 1971

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 85x135
  • Wood Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,600-2,799 Sq Ft Home
  • 2,650 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Den with Fireplace
  • Bonus Room with Fireplace
  • 2 Fireplaces
  • Storage Room
  • Laundry closet
  • Pull Down Stairs to Attic
  • Iron Doors

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • In-Law or Guest Suite

Parking

  • 2 Car Garage
  • Workshop in Garage
  • Front Facing Garage

Outdoor Features

  • Patio
  • Porch

Utilities

  • Two cooling system units
  • Central Air
  • Two Heating Systems
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Marlboro Estates Blk E Subdivision

Listing and Financial Details

  • Assessor Parcel Number 081036 00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,874

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Quince
  • MLS Map #: 783F
  • MAAR Subdivision Name: MARLBORO ESTATES BLK E
  • Number Of Stories: 1
  • Price Per Sq Ft: 92.45
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2650
  • Year Built: 1971
  • List Price/ Sq Ft: 94
  • 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, 4th of More Bedrooms, 2 or More Baths, Office
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 2600-2799
  • Bedroom 2 Description: Level 1, Walk-In Closet, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedroom 4 Description: Level 1, Walk-In Closet, Hardwood Floor
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Fireplace: Vented Gas Fireplace, In Den/Great Room, In Other Room
  • Floors/Ceilings: Part Hardwood, Wood Laminate Floors, Tile, Vinyl/Luxury Vinyl Floor, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Cable Available
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Eat-In Kitchen
  • Misc Interior: Excl Some Window Treatmnt, Pull Down Attic Stairs, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Closet, In-Law Quarters, Entry Hall, Attic, 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, Walk-In Closet, Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch, Patio, Wood Fence
  • Exterior Windows: Brick Veneer, Vinyl Siding
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2
  • Parking Storage: Storage Room(s), Workshop(s), Front-Load Garage

Utilities

  • Cooling: Central, Dual System
  • Heating: Gas, Dual System
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Wood Fenced
  • Lot Number: 284
  • Acreage: 0.26
  • Lot Size: 85X135
  • Price Per Acre: 961538

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 081036 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Feb 26, 2024
Sold by
Mary G Grimes Revocable Trust
Bought by
Berdin-Wimbley Rose M and Stewart Maria
Seller's Agent
Tracy Kirkley
Crye-Leike, Inc., REALTORS
Buyer's Agent
DeAnna Lee
C21 Patterson & Assoc. Real Es
List Price
$275,000
Sold Price
$245,000
Premium/Discount to List
-$30,000
-10.91%
Views
290
Current Estimated Value
$277,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,821
Avg. Annual Appreciation
9.12%
Original Mortgage
$240,562
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 29, 2019
Sold by
Grimes Mary G and Grimes Gwen A
Bought by
Grimes Mary G and The Mary G Grimes Revocable Trust

Purchase Details

Listed on
Jul 28, 2014
Closed on
Jul 20, 2015
Sold by
Frazier William J and Frazier Emelita L
Bought by
Grimes Gwen A
Seller's Agent
Rita Hallum
Crye-Leike, Inc., REALTORS
Buyer's Agent
Alicestine Payne
Crye-Leike, Inc., REALTORS
List Price
$145,000
Sold Price
$96,900
Premium/Discount to List
-$48,100
-33.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%

Purchase Details

Closed on
Jul 23, 1999
Sold by
Manion James R Revocable Living Trust
Bought by
Frazier William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,979
Interest Rate
7.66%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 1998
Sold by
Manion James R
Bought by
Manion James R and Manion Opal L
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
Berdin-Wimbley Rose M $245,000 Guardian Title
Grimes Mary G -- None Available
Grimes Gwen A $96,900 Realty Title & Escrow
Frazier William J $139,500 --
Manion James R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Berdin-Wimbley Rose M $240,562
Previous Owner Frazier William J $106,979
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $245,000 -2.0% $94 / Sq Ft
01/19/2024 01/19/24 Price Changed $250,000 -5.7% $96 / Sq Ft
11/28/2023 11/28/23 Price Changed $265,000 -3.6% $102 / Sq Ft
11/02/2023 11/02/23 For Sale $275,000 +183.8% $106 / Sq Ft
07/24/2015 07/24/15 Sold $96,900 -33.2% $37 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
07/28/2014 07/28/14 For Sale $145,000 -- $56 / 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 $1,874 $64,125 $9,000 $55,125
2024 $1,874 $55,275 $7,800 $47,475
2023 $3,367 $55,275 $7,800 $47,475
2022 $3,367 $55,275 $7,800 $47,475
2021 $3,407 $55,275 $7,800 $47,475
2020 $2,676 $36,925 $7,075 $29,850
2019 $1,180 $36,925 $7,075 $29,850
2018 $1,180 $36,925 $7,075 $29,850
2017 $1,208 $36,925 $7,075 $29,850
2016 $1,587 $36,325 $0 $0
2014 $1,587 $36,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracy Kirkley

    Seller's Agent in 2024

    Tracy Kirkley

    Crye-Leike

    (901) 210-8045

    2 in this area

    338 Total Sales

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  • D

    Buyer's Agent in 2024

    DeAnna Lee

    C21 Patterson & Assoc. Real Es

    (901) 701-1064

    1 in this area

    7 Total Sales

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  • Rita Hallum

    Seller's Agent in 2015

    Rita Hallum

    Crye-Leike

    (901) 277-6356

    112 Total Sales

    Section Image
  • Alicestine Payne

    Buyer's Agent in 2015

    Alicestine Payne

    Crye-Leike

    (901) 652-3708

    98 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10160136

Memphis Area Association of REALTORS®

APN: 08-1036-0-0008

Tennessee Shelby County Memphis 38119 Balmoral

2431 Ridgeway Rd, Memphis, TN

This home is located at 2431 Ridgeway Rd, Memphis, TN 38119 since 02 November 2023 and is currently estimated at $267,896, approximately $95 per square foot. This property was built in 1971. 2431 Ridgeway Rd is a home located in Shelby County with nearby schools including Balmoral Ridgeway Elementary School, Ridgeway Middle School, and Ridgeway High School.

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