NOT LISTED FOR SALE

2631 New Raleigh Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $25,326 - $93,000

2 Beds
1 Bath
100-999 Sq Ft
$59/Sq Ft Est. Value

Last Sold June 02, 2015

Last sale price $11,000 $11 Per Sq Ft

Est. 414% increase in value since last sale

Current estimated payment $342/month

210 Days on Market

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Combination Dining and Living Room
  • Wood Flooring
  • Laundry closet
  • Level Lot

About This Home

As of June 2015

Great investment opportunity! This home offers 2bedrooms & much more! Selling in as-is condition. May be purchased in a package of 10 properties or sold individually. Please contact the office for more information.

Last Agent to Sell the Property

Jessica Buffington

HelloHome License #320624 Listed on: 10/03/2014

Last Buyer's Agent

Jessica Buffington

HelloHome License #320624 Listed on: 10/03/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $389

Year Built

  • Built in 1955

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 50 x 264.99
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Vinyl Siding
  • Pier And Beam

Interior Spaces

  • 100-999 Sq Ft Home
  • 747 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Combination Dining and Living Room
  • Laundry closet

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • James Blk 7 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 083035 00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$389

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 734B
  • MAAR Subdivision Name: JAMES BLK 7
  • List Price Per Sq Ft: 13
  • Number Of Stories: 1
  • Price Per Sq Ft: 14.73
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 747
  • Year Built: 1955
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Exterior Windows: Wood/Composition, Vinyl Siding
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 3
  • Acreage: 0.32
  • Lot Size: 50 X 264.99
  • Price Per Acre: 31250

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 083035 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2014
Closed on
May 19, 2015
Sold by
Pegasus Development Llc
Bought by
Thomas Victoria L
Seller's Agent
Jessica Buffington
HelloHome
Buyer's Agent
Jessica Buffington
HelloHome
List Price
$12,000
Sold Price
$11,000
Premium/Discount to List
-$1,000
-8.33%
Current Estimated Value
$56,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,512
Avg. Annual Appreciation
17.12%
Original Mortgage
$2,000
Outstanding Balance
$1,563
Interest Rate
3.77%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$53,585

Purchase Details

Closed on
Sep 23, 2014
Sold by
Wells Fargo Bank Na
Bought by
Pegasus Development Llc

Purchase Details

Closed on
Jul 3, 2014
Sold by
Long Wilbur Allen
Bought by
Wells Fargo Bank Na
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
Thomas Victoria L $11,000 Baymark Title And Escrow
Pegasus Development Llc $8,429 None Available
Wells Fargo Bank Na $21,087 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Victoria L $2,000
Previous Owner Long Wilbur Allen $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2015 06/02/15 Sold $11,000 -8.3% $110 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
10/03/2014 10/03/14 For Sale $12,000 -- $120 / 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 $389 $14,100 $1,950 $12,150
2024 $389 $11,475 $1,750 $9,725
2023 $699 $11,475 $1,750 $9,725
2022 $699 $11,475 $1,750 $9,725
2021 $707 $11,475 $1,750 $9,725
2020 $654 $9,025 $1,750 $7,275
2019 $654 $9,025 $1,750 $7,275
2018 $654 $9,025 $1,750 $7,275
2017 $371 $9,025 $1,750 $7,275
2016 $316 $7,225 $0 $0
2014 $316 $7,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jessica Buffington

    Seller's Agent in 2015

    Jessica Buffington

    HelloHome

    (901) 282-8443

    65 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9937325

Memphis Area Association of REALTORS®

APN: 08-3035-0-0020

Tennessee Shelby County Memphis 38128 Raleigh

2631 New Raleigh Rd, Memphis, TN

This home is located at 2631 New Raleigh Rd, Memphis, TN 38128 since 03 October 2014 and is currently estimated at $59,082, approximately $59 per square foot. This property was built in 1955. 2631 New Raleigh Rd is a home located in Shelby County with nearby schools including Scenic Hills Elementary School, Raleigh Egypt High School, and Coleman School.

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