$73,000
SOLD OCT 28, 2024

2771 Lake Park Rd Memphis, TN 38127

Frayser Neighborhood
3 Beds
1 Bath
1,200-1,399 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$52 Per Sq Ft

23% Below List Price

98 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Central Air
  • Separate Formal Living Room
  • Tile Flooring
  • 1-Story Property

About This Home

As of October 2024

INVESTORS ONLY! Tenant occupied property...Excellent investment opportunity. Rents for $950 Professionally managed---lease, ledger, & repair history available. ONLINE VIDEO AVAILABLE UPON REQUEST. Do not disturb or approach tenant. Seller also selling---Investors only! No sign. No wholesalers or creative financing. Don't disturb tenant.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 04/09/2024

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 04/09/2024

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 70x125
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,275 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Radiant Ceiling

Community Details

  • Brookmeade Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072104 B00054

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 725F
  • MAAR Subdivision Name: BROOKMEADE ESTATES
  • Number Of Stories: 1
  • Price Per Sq Ft: 57.25
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1275
  • Year Built: 1967
  • List Price/ Sq Ft: 72
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Ceiling Heat

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 218
  • Acreage: 0.2
  • Lot Size: 70X125
  • Price Per Acre: 457500
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 072104 B00054

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Oct 28, 2024
Sold by
Wachtel Properties 2 Llc
Bought by
Mid South Homebuyers Llc
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$95,000
Sold Price
$73,000
Premium/Discount to List
-$22,000
-23.16%
Views
55
Current Estimated Value
$82,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,903
Avg. Annual Appreciation
18.22%

Purchase Details

Closed on
Sep 30, 2014
Sold by
Jeanne Mg Llc
Bought by
Wachtel Properties 2 Llc

Purchase Details

Closed on
May 23, 2012
Sold by
Turnkey Memphis Properties Llc
Bought by
Jeanne Mg Llc

Purchase Details

Closed on
Apr 27, 2012
Sold by
Rice Shelly D
Bought by
Turkey Memphis Properties Llc

Purchase Details

Closed on
Apr 4, 2007
Sold by
Shand Carl
Bought by
Rice Shelley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 13, 2007
Sold by
Rice Lane
Bought by
Shand Carl

Purchase Details

Closed on
Jan 19, 2007
Sold by
Household Financial Center Inc
Bought by
Rice Lane

Purchase Details

Closed on
Jul 12, 2006
Sold by
Smith Reginald
Bought by
Household Financial Center Inc
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 Type Sale Price Title Company
Warranty Deed $73,000 None Listed On Document
Warranty Deed $502,000 None Available
Warranty Deed $28,000 None Available
Trustee Deed $6,001 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Special Warranty Deed $26,500 Resource Title Agency Of Tn
Deed In Lieu Of Foreclosure $71,700 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $858,800 Future Advance Clause Open End Mortgage
Previous Owner $39,000 Unknown
Previous Owner $73,341 Unknown
Previous Owner $10,300 Stand Alone Second
Previous Owner $50,307 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $73,000 -20.2% $61 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
06/11/2024 06/11/24 Price Changed $91,500 -3.7% $76 / Sq Ft
04/09/2024 04/09/24 For Sale $95,000 -- $79 / 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 -- $21,300 $2,750 $18,550
2024 -- $15,500 $1,925 $13,575
2023 $944 $15,500 $1,925 $13,575
2022 $944 $15,500 $1,925 $13,575
2021 $955 $15,500 $1,925 $13,575
2020 $855 $11,800 $1,925 $9,875
2019 $855 $11,800 $1,925 $9,875
2018 $855 $11,800 $1,925 $9,875
2017 $485 $11,800 $1,925 $9,875
2016 $544 $12,450 $0 $0
2014 $544 $12,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10169710

Memphis Area Association of REALTORS®

APN: 07-2104-B0-0054

Tennessee Shelby County Memphis 38127 Frayser

2771 Lake Park Rd, Memphis, TN

This home is located at 2771 Lake Park Rd, Memphis, TN 38127 and is currently priced at $73,000, approximately $52 per square foot. This property was built in 1967. 2771 Lake Park Rd is a home located in Shelby County with nearby schools including Lucie E. Campbell Elementary School, Grandview Heights Middle, and Trezevant High School.

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