NOT LISTED FOR SALE

2831 Gruber Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $119,858 - $149,000

3 Beds
2 Baths
1,000-1,199 Sq Ft
$109/Sq Ft Est. Value

Last Sold July 18, 2018

Last sale price $72,000 $60 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $745/month

Highlights

  • Traditional Architecture
  • Brick Veneer
  • Central Heating and Cooling System
  • Eat-In Kitchen
  • Tile Flooring
  • 1-Story Property

About This Home

As of July 2018

Great investment opportunity! This CASHFLOW property has been fully renovated and brought to 2018 standards! Target rent = $795 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

James Wachob

Foundation Property Management License #294924 Listed on: 05/25/2018

Foundation Property Management

Co-Listed By

Sean Tagge

Reedy & Company, REALTORS License #342384

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979

Lot Details

  • 8,276 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,107 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Iron Doors
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Parkside Revised Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072104 E00003

Home Details

Home Type

Single Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PARKSIDE
  • List Price Per Sq Ft: 69
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1107
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Eat-In Kitchen

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 74
  • Acreage: 0.19
  • Lot Size: 68X126 / 0.19

Tax Info

  • Assessor Parcel Number: 072104 E00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Osprey Capital Llc
Bought by
Sinclair Matthew
Current Estimated Value
$131,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Outstanding Balance
$93,278
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$37,937

Purchase Details

Closed on
Jan 4, 2023
Sold by
Gruber Trust
Bought by
Osprey Capital Llc

Purchase Details

Closed on
Dec 20, 2020
Sold by
Wankel Stephanie
Bought by
The Gruber Trust

Purchase Details

Listed on
May 25, 2018
Closed on
Jul 18, 2018
Sold by
Memphis Investments Properties Llc
Bought by
Wankel Stephanie
Seller's Agent
James Wachob
Foundation Property Management
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$76,900
Sold Price
$72,000
Premium/Discount to List
-$4,900
-6.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$57,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2015
Sold by
Reedy James E and Reedy Debra L
Bought by
Memphis Investment Properties Llc

Purchase Details

Closed on
Aug 22, 2007
Sold by
Memphis Investment Properties Llc
Bought by
Reedy James E and Reedy Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2005
Sold by
Alexander Maurice F
Bought by
Hud

Purchase Details

Closed on
Sep 16, 1999
Sold by
Pollion Ossie C and Pollion Julia A
Bought by
Alexander Maurice F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,980
Interest Rate
8.22%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sinclair Matthew -- Foundation Title & Escrow
Osprey Capital Llc $105,000 Delta Title Services
The Gruber Trust -- Delta Title Services Llc
Wankel Stephanie $72,000 Delta Title Svcs Llc
Memphis Investment Properties Llc -- Delta Title Services Llc
Reedy James E -- Fayette County Title Company
Hud $65,386 None Available
Alexander Maurice F $49,500 --
Alexander Maurice F $49,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sinclair Matthew $94,500
Previous Owner Wankel Stephanie $57,600
Previous Owner Reedy James E $42,000
Previous Owner Alexander Maurice F $49,980
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2018 07/18/18 Sold $72,000 -6.4% $72 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $76,900 -- $77 / 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 $705 $30,375 $2,750 $27,625
2024 $705 $20,800 $1,925 $18,875
2023 $1,267 $20,800 $1,925 $18,875
2022 $941 $15,450 $1,925 $13,525
2021 $533 $15,450 $1,925 $13,525
2020 $877 $12,100 $1,925 $10,175
2019 $387 $12,100 $1,925 $10,175
2018 $387 $12,100 $1,925 $10,175
2017 $396 $12,100 $1,925 $10,175
2016 $429 $9,825 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Wachob

    Seller's Agent in 2018

    James Wachob

    Foundation Property Management

    (901) 633-1484

    86 in this area

    652 Total Sales

    James Wachob
    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Sean Tagge

    Reedy & Company, REALTORS

    Section Image

  • B

    Buyer's Agent in 2018

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    53 in this area

    365 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10027856

Memphis Area Association of REALTORS®

APN: 07-2104-E0-0003

Tennessee Shelby County Memphis 38127 Frayser

2831 Gruber Dr, Memphis, TN

Not Listed for Sale

Detached

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