$140,000
SOLD JUN 13, 2025

2875 Spring Ridge Dr Memphis, TN 38127

Frayser Neighborhood
3 Beds
2 Baths
1,200-1,399 Sq Ft
0.3 Acres

Recently Sold

$100 Per Sq Ft

4% Above List Price

5 Days on Market

Highlights

  • Traditional Architecture
  • Den
  • Brick Veneer
  • Separate Formal Living Room
  • Eat-In Kitchen
  • Patio

About This Home

As of June 2025

This cute 3 bed 2 bath home is perfect for a first-time home buyer or investor. The spacious backyard is great for the family to enjoy and the neighborhood lake is available for fishing. This home is only 15 minutes away from Downtown Memphis. This home is only 7 minutes from the Frayser Nike Distribution Center.

Last Agent to Sell the Property

Tameco Cody

MLE Realty, LLC License #321595 Listed on: 05/01/2025

Last Buyer's Agent

Erica Marks

C21 Patterson & Assoc. Real Es License #375338

C21 Patterson & Assoc. Real Es

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1966

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 112x135
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,307 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Wall to Wall Carpet
  • Iron Doors
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • Sky Lake S/D Sec E Revised Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072112 00002

Home Details

Home Type

Single Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: SKY LAKE SEC E
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1307
  • Year Built: 1966
  • 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: Wall to Wall Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Eat-In Kitchen

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 260
  • Acreage: 0.3
  • Lot Size: 112X135
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 072112 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2025
Closed on
Jun 13, 2025
Sold by
Cody Brenda Kaye
Bought by
Hayes Lakita
Seller's Agent
Tameco Cody
MLE Realty, LLC
Buyer's Agent
Erica Marks
C21 Patterson & Assoc. Real Es
List Price
$135,000
Sold Price
$140,000
Premium/Discount to List
$5,000
3.7%
Views
15
Current Estimated Value
$136,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,528
Avg. Annual Appreciation
-4.53%
Original Mortgage
$137,464
Outstanding Balance
$136,878
Interest Rate
6.86%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$406

Purchase Details

Listed on
Jan 17, 2012
Closed on
Apr 20, 2012
Sold by
Woodard George
Bought by
Cody Early L
Seller's Agent
Jimmie Hopson
Crye-Leike, Inc., REALTORS
Buyer's Agent
Sharon Brown
Crye-Leike, Inc., REALTORS
List Price
$64,900
Sold Price
$64,000
Premium/Discount to List
-$900
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%
Original Mortgage
$62,377
Interest Rate
4.55%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 2000
Sold by
Isabel Claudette W
Bought by
Rodgers Tajuana Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,463
Interest Rate
8.24%
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 Type Sale Price Title Company
Warranty Deed $140,000 None Listed On Document
Warranty Deed $64,000 Realty Title & Escrow Co Inc
Warranty Deed $71,500 --
Warranty Deed $71,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $137,464 Credit Line Revolving
Previous Owner $62,377 FHA
Previous Owner $71,463 FHA
Closed $2,167 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2025 06/13/25 Sold $140,000 +3.7% $117 / Sq Ft
05/06/2025 05/06/25 Pending -- -- --
05/01/2025 05/01/25 For Sale $135,000 +110.9% $113 / Sq Ft
04/20/2012 04/20/12 Sold $64,000 -1.4% $49 / Sq Ft View Prior Sale
03/20/2012 03/20/12 Pending -- -- --
01/17/2012 01/17/12 For Sale $64,900 -- $49 / 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 $647 $25,975 $3,375 $22,600
2024 $647 $19,100 $2,600 $16,500
2023 $1,164 $19,100 $2,600 $16,500
2022 $1,164 $19,100 $2,600 $16,500
2021 $1,177 $19,100 $2,600 $16,500
2020 $1,013 $13,975 $2,600 $11,375
2019 $1,013 $13,975 $2,600 $11,375
2018 $1,013 $13,975 $2,600 $11,375
2017 $574 $13,975 $2,600 $11,375
2016 $664 $15,200 $0 $0
2014 $664 $15,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Tameco Cody

    MLE Realty, LLC

    Section Image

  • E

    Buyer's Agent in 2025

    Erica Marks

    C21 Patterson & Assoc. Real Es

    (901) 701-1064

    2 in this area

    7 Total Sales

    Erica Marks
    Section Image
  • Jimmie Hopson

    Seller's Agent in 2012

    Jimmie Hopson

    Crye-Leike

    (901) 335-5697

    21 in this area

    103 Total Sales

    Jimmie Hopson
    Section Image
  • Sharon Brown

    Buyer's Agent in 2012

    Sharon Brown

    Crye-Leike

    (901) 355-7271

    4 in this area

    117 Total Sales

    Sharon Brown
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10195596

Memphis Area Association of REALTORS®

APN: 07-2112-0-0002

Tennessee Shelby County Memphis 38127 Frayser

2875 Spring Ridge Dr, Memphis, TN

Sold

Detached

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