NOT LISTED FOR SALE

2870 Mercer Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $61,000 - $91,000

3 Beds
1.5 Baths
1,800-1,999 Sq Ft
$40/Sq Ft Est. Value

Last Sold June 21, 2016

Last sale price $11,924 $6 Per Sq Ft

Est. 572% increase in value since last sale

Current estimated payment $473/month

22 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • 1-Story Property
  • Separate Formal Living Room
  • Level Lot
  • 4-minute walk to Frayser Park

About This Home

As of June 2016

Investor Opportunity! Brick ranch home in Shelby County with 3 bedrooms, 1.5 baths and almost 1200 square feet, Completely fenced property with formal dining room, great room, separate living room and carport Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy of information contained herein.

Last Agent to Sell the Property

Karen Stephens

Realhome Services & Solutions License #279125 Listed on: 05/12/2016

Last Buyer's Agent

Toni Withers Stewart

Crye-Leike, Inc., REALTORS License #208627

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $442

Year Built

  • Built in 1931

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 80 x 150
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,184 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Carport
  • Driveway

Community Details

  • Rugby 3Rd Addn Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 070084 00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$442

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 727C
  • MAAR Subdivision Name: RUGBY 3RD ADD
  • List Price Per Sq Ft: 11
  • Number Of Stories: 1
  • Price Per Sq Ft: 10.07
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1184
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wall to Wall Carpet, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Driveway/Pad

Utilities

  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level
  • Lot Number: 486
  • Acreage: 0.27
  • Lot Size: 80 X 150
  • Price Per Acre: 47111

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 070084 00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2016
Closed on
Apr 25, 2016
Sold by
Lee Cobie E and Lee Reshell W
Bought by
The Bank Of New York Mellon and Novastar Mortgage Funding Trust
Seller's Agent
Karen Stephens
Realhome Services & Solutions
Buyer's Agent
Toni Withers Stewart
Crye-Leike, Inc., REALTORS
List Price
$12,720
Sold Price
$11,924
Premium/Discount to List
-$796
-6.26%
Current Estimated Value
$80,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,193
Avg. Annual Appreciation
23.52%

Purchase Details

Closed on
Nov 2, 2015
Sold by
The Bank Of New York Mellon
Bought by
Gac Investments Llc
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
The Bank Of New York Mellon $21,000 None Available
Gac Investments Llc $11,924 Premium Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Cobie E $52,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2016 06/21/16 Sold $11,924 -6.3% $7 / Sq Ft
06/03/2016 06/03/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $12,720 -- $7 / 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 $442 $17,775 $1,650 $16,125
2024 $442 $13,025 $1,350 $11,675
2023 $793 $13,025 $1,350 $11,675
2022 $793 $13,025 $1,350 $11,675
2021 $803 $13,025 $1,350 $11,675
2020 $610 $8,425 $1,350 $7,075
2019 $610 $8,425 $1,350 $7,075
2018 $610 $8,425 $1,350 $7,075
2017 $346 $8,425 $1,350 $7,075
2016 $368 $8,425 $0 $0
2014 $368 $8,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Karen Stephens

    Realhome Services & Solutions

  • T

    Buyer's Agent in 2016

    Toni Withers Stewart

    Crye-Leike

    (901) 581-7038

    2 in this area

    34 Total Sales

    Toni Withers Stewart
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9976990

Memphis Area Association of REALTORS®

APN: 07-0084-0-0012

Tennessee Shelby County Memphis 38127 Frayser

2870 Mercer Dr, Memphis, TN

This home is located at 2870 Mercer Dr, Memphis, TN 38127 since 12 May 2016 and is currently estimated at $80,117, approximately $40 per square foot. This property was built in 1931. 2870 Mercer Dr is a home located in Shelby County with nearby schools including Whitney Achievement Elementary School, Grandview Heights Middle, and Cornerstone Prep Denver Campus.

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