NOT LISTED FOR SALE

2846 Schaeffer Dr Eads, TN 38028

Gray's Creek Neighborhood

Estimated Value: $437,000 - $591,857

5 Beds
3.5 Baths
4,500-4,999 Sq Ft
$103/Sq Ft Est. Value

Last Sold December 06, 2023

Last sale price $490,000 $98 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,103/month

25 Days on Market

Highlights

  • Above Ground Pool
  • 2.03 Acre Lot
  • Wood Flooring
  • Two Primary Bedrooms
  • Traditional Architecture
  • Main Floor Primary Bedroom

About This Home

As of December 2023

Beautiful 5-bedroom, 3.5-bath situated on 2-acres. Home has 2 lovely primary bedrooms. The upstairs primary has a balcony that over look the rear landscape of the property. It features a formal dining room with wet bar, kitchen with stainless steel appliances, two pantries, granite countertops and a wine rack. Huge downstairs bonus with 2nd fridge and wet bar. Upstairs bonus has separate entrance from the backyard. Text/Call Listing Broker for a private showing!

Last Agent to Sell the Property

Preston Williams

Regency Realty, LLC License #346648 Listed on: 10/12/2023

Last Buyer's Agent

KC Lam

Cordova Realty, Inc. License #253150

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,440

Year Built

  • Built in 1997

Lot Details

  • 2.03 Acre Lot
  • Lot Dimensions are 98x577
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 4,500-4,999 Sq Ft Home
  • 3,654 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Ceiling height of 9 feet or more
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Bonus Room
  • Play Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Primary Bedroom Upstairs
  • Double Master Bedroom
  • Walk-In Closet
  • Double Vanity
  • Bathtub With Separate Shower Stall

Parking

  • 4 Car Detached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Above Ground Pool
  • Cove
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Country Way Farms Phase B Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0204A A00015

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,440

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 795A
  • MAAR Subdivision Name: COUNTRY WAY FARMS SEC B
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 134.1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 3654
  • Year Built: 1997
  • List Price/ Sq Ft: 137
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Primary Up, Two Primaries, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 4500-4999
  • Bedrooms: 5
  • Bedrooms Down: 1
  • Fireplace: Masonry, Gas Logs
  • Floors/Ceilings: Part Hardwood, Tile, 9 or more Ft. Ceiling
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Eat-In Kitchen, Breakfast Bar, Pantry
  • Misc Interior: Wet Bar, Walk-In Closet(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Play Room, Bonus Room
  • Total Bathrooms: 3.1

Exterior Features

  • Misc Exterior: Covered Patio
  • Exterior Windows: Brick Veneer
  • Pool Description: Above Ground

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 4
  • Parking Display: G4D
  • Parking Storage: Driveway/Pad, Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Level, Cove
  • Lot Number: 21
  • Acreage: 2.03
  • Lot Size: 98X577
  • Price Per Acre: 246256

Multi Family

  • Number Of Rooms: 10

Tax Info

  • Assessor Parcel Number: D0204A A00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Dec 6, 2023
Sold by
Oti Chiemezie and Oti Nyanday
Bought by
Almintoser Ameen
Seller's Agent
Preston Williams
Regency Realty, LLC
Buyer's Agent
KC Lam
Cordova Realty, Inc.
List Price
$499,900
Sold Price
$490,000
Premium/Discount to List
-$9,900
-1.98%
Views
184
Current Estimated Value
$516,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,714
Avg. Annual Appreciation
7.22%
Original Mortgage
$350,000
Outstanding Balance
$329,116
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$223,701

Purchase Details

Closed on
Jun 4, 2007
Sold by
Layton Keith and Millstead Candee
Bought by
Oti Chiemezie and Oti Nyanday

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,600
Interest Rate
6.1%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 31, 2005
Sold by
Crawford Mark L and Crawford Lisa A
Bought by
Layton Keith and Millstead Candee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 16, 1996
Sold by
Duke Schaeffer Realty Inc
Bought by
Crawford Mark L and Crawford Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,050
Interest Rate
8.27%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Almintoser Ameen $490,000 Realty Title & Escrow
Almintoser Ameen $490,000 Realty Title & Escrow
Oti Chiemezie $354,000 Southern Trust Title Company
Layton Keith $335,000 --
Crawford Mark L $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Almintoser Ameen $350,000
Closed Almintoser Ameen $350,000
Previous Owner Oti Chiemezie $318,600
Previous Owner Layton Keith $170,000
Previous Owner Crawford Mark L $215,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2023 12/06/23 Sold $490,000 -2.0% $109 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $499,900 -- $111 / 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 $3,440 $122,500 $20,650 $101,850
2024 $3,440 $101,475 $18,175 $83,300
2023 $3,440 $101,475 $18,175 $83,300
2022 $3,440 $101,475 $18,175 $83,300
2021 $3,501 $101,475 $18,175 $83,300
2020 $3,576 $88,300 $18,175 $70,125
Source: Public Records

Agents Affiliated with this Home

  • Preston Williams

    Seller's Agent in 2023

    Preston Williams

    Regency Realty, LLC

    (901) 239-1914

    8 in this area

    53 Total Sales

    Preston Williams
    Section Image

  • K

    Buyer's Agent in 2023

    KC Lam

    Cordova Realty, Inc.

    (901) 685-2828

    6 in this area

    135 Total Sales

    KC Lam
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10158659

Memphis Area Association of REALTORS®

APN: D0-204A-A0-0015

Tennessee Shelby County Eads 38028 Gray's Creek

2846 Schaeffer Dr, Eads, TN

This home is located at 2846 Schaeffer Dr, Eads, TN 38028 since 12 October 2023 and is currently estimated at $516,714, approximately $103 per square foot. This property was built in 1997. 2846 Schaeffer Dr is a home located in Shelby County with nearby schools including Macon-Hall Elementary School, Mt. Pisgah Middle School, and Cordova High School.

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