NOT LISTED FOR SALE

2705 Bay Pointe Cir N Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $176,000 - $195,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$103/Sq Ft Est. Value

Last Sold May 30, 2018

Last sale price $115,900 $64 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,121/month

121 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Central Heating and Cooling System
  • 1 Fireplace
  • Tile Flooring
  • Wood Fence

About This Home

As of May 2018

Great investment opportunity! This property is in great condition and already CASHFLOWING! Current rent = $995 but could be rented for $1150 and professional property management is in place! Occupied home please do not disturb tenants make all offers subject to inspections.

Last Agent to Sell the Property

James Wachob

Foundation Property Management License #294924 Listed on: 12/19/2017

Foundation Property Management

Co-Listed By

Sean Tagge

Reedy & Company, REALTORS License #342384

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $946

Year Built

  • Built in 1994

Lot Details

  • 6,970 Sq Ft Lot
  • Wood Fence
  • Few Trees

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,600 Sq Ft Home
  • 1.1-Story Property
  • 1 Fireplace
  • Tile Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Driveway

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Bay Pointe Cottage Community Ph 7 Area F Subdivision
  • Mandatory Home Owners Association
  • Planned Unit Development

Listing and Financial Details

  • Assessor Parcel Number 088008 D00023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$946

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • MLS Map #: 735B
  • MAAR Subdivision Name: BAY POINTE COTTAGE COMMUNITY PH7 AREA F
  • List Price Per Sq Ft: 72
  • Number Of Stories: 1.1
  • Price Per Sq Ft: 72.44
  • Prop Construction Status: Existing Property
  • Planned Unit Development: Yes
  • Estimated Sq Ft: 1600
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Eat-In Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 53
  • Acreage: 0.16
  • Lot Size: 5964SF 50.7X140IRR
  • Price Per Acre: 724375

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 088008 D00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2023
Sold by
Ono Junichi Christopher and Ono Chizuru
Bought by
Bpc Green Revocable Family Trust and Smith
Total Days on Market
121
Current Estimated Value
$185,653

Purchase Details

Listed on
Dec 19, 2017
Closed on
May 29, 2018
Sold by
Jbj Properties Llc
Bought by
Junichi Chizuru Iwasakiand and Ono Christopher
Seller's Agent
James Wachob
Foundation Property Management
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$115,900
Sold Price
$115,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Original Mortgage
$92,720
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2017
Closed on
Dec 4, 2017
Sold by
Post Michael
Bought by
Jbj Properties Llc
Seller's Agent
Felecia Magro
The Stamps Real Estate Company
Buyer's Agent
Felecia Magro
The Stamps Real Estate Company
List Price
$65,500
Sold Price
$68,900
Premium/Discount to List
$3,400
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
195.50%
Original Mortgage
$95,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 13, 2012
Sold by
Pegasus Real Estate Services Llc
Bought by
Post Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,468
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2011
Sold by
Gp Memphis Cash Flow
Bought by
Post Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,316
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2011
Sold by
Hsbc Bank Usa National Association
Bought by
Gp Memphis Cash Flow

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,316
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2010
Sold by
Jones George C
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Oct 2, 2006
Sold by
Wright Timothy J
Bought by
Jones George C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
9.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2006
Sold by
Bank Of New York
Bought by
Wright Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2005
Sold by
Wilson Shawn
Bought by
Bank Of New York and Cwabs Series 02-2

Purchase Details

Closed on
Jul 26, 2005
Sold by
Wilson Shawn
Bought by
Bank Of New York and Certificateholders Of Cwabs Series 02-2

Purchase Details

Closed on
Apr 12, 2002
Sold by
Taylor Jerry Frederick and Taylor Susan
Bought by
Wilson Shawn Ellis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,510
Interest Rate
5.98%

Purchase Details

Closed on
Dec 6, 1996
Sold by
Taylor Linda Diane
Bought by
Taylor Jerry Fredrick

Purchase Details

Closed on
Jan 31, 1995
Bought by
Taylor Jerry F
Source: Public Records

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Range of Values:

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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
Bpc Green Revocable Family Trust -- None Listed On Document
Junichi Chizuru Iwasakiand $115,900 Delta Title Services Llc
Jbj Properties Llc $60,900 Delta Title Services Llc
Post Michael $53,900 --
Post Michael $59,700 None Available
Gp Memphis Cash Flow $41,101 None Available
Hsbc Bank Usa National Association $65,110 None Available
Jones George C $115,000 None Available
Wright Timothy J $80,000 None Available
Bank Of New York $86,360 --
Bank Of New York $87,720 --
Wilson Shawn Ellis $103,900 --
Taylor Jerry Fredrick -- --
Taylor Jerry F $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Iwasaki Chizuru $174,000
Previous Owner Junichi Chizuru Iwasakiand $92,720
Previous Owner Jbj Properties Llc $95,000
Previous Owner Post Michael $274,468
Previous Owner Post Michael $60,000
Previous Owner Post Michael $63,316
Previous Owner Jones George C $109,250
Previous Owner Wright Timothy J $86,250
Previous Owner Wilson Shawn Ellis $93,510
Previous Owner Taylor Jerry F $30,000
Previous Owner Taylor Jerry F $79,453
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2018 05/30/18 Sold $115,900 0.0% $72 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
12/19/2017 12/19/17 For Sale $115,900 +68.2% $72 / Sq Ft
12/04/2017 12/04/17 Sold $68,900 +5.2% $43 / Sq Ft
11/03/2017 11/03/17 Pending -- -- --
10/30/2017 10/30/17 For Sale $65,500 -- $41 / 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 $946 $49,650 $5,750 $43,900
2024 $946 $27,900 $4,550 $23,350
2023 $1,700 $27,900 $4,550 $23,350
2022 $1,700 $27,900 $4,550 $23,350
2021 $1,719 $27,900 $4,550 $23,350
2020 $1,688 $23,300 $4,550 $18,750
2019 $745 $23,300 $4,550 $18,750
2018 $745 $23,300 $4,550 $18,750
2017 $762 $23,300 $4,550 $18,750
2016 $961 $22,000 $0 $0
2014 $961 $22,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Wachob

    Seller's Agent in 2018

    James Wachob

    Foundation Property Management

    (901) 440-2037

    25 in this area

    611 Total Sales

    James Wachob
    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Sean Tagge

    Reedy & Company, REALTORS

    (905) 500-7517

    5 Total Sales

    Section Image

  • B

    Buyer's Agent in 2018

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    32 in this area

    499 Total Sales

    Bradley Reedy
    Section Image
  • Felecia Magro

    Seller's Agent in 2017

    Felecia Magro

    The Stamps Real Estate Company

    (901) 283-9373

    87 Total Sales

    Felecia Magro
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10017381

Memphis Area Association of REALTORS®

APN: 08-8008-D0-0023

Tennessee Shelby County Memphis 38128 Raleigh

2705 Bay Pointe Cir N, Memphis, TN

This home is located at 2705 Bay Pointe Cir N, Memphis, TN 38128 since 19 December 2017 and is currently estimated at $185,653, approximately $103 per square foot. This property was built in 1994. 2705 Bay Pointe Cir N is a home located in Shelby County with nearby schools including Raleigh-Bartlett Meadows School, Craigmont Middle School, and Craigmont High School.

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