NOT LISTED FOR SALE

2879 Bannockburn Rd Memphis, TN 38128

Frayser Neighborhood

Estimated Value: $163,000 - $203,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$103/Sq Ft Est. Value

Last Sold April 29, 2019

Last sale price $125,000 $69 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,135/month

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Den
  • Traditional Architecture
  • 1 Fireplace
  • Some Wood Windows

About This Home

As of April 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1250.00 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

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 03/20/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,089

Year Built

  • Built in 1960

Lot Details

  • 0.28 Acre Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,796 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Wood
  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Scenic Hills Blk C Subdivision

Listing and Financial Details

  • Assessor Parcel Number 083013 00023

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,089

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 734A
  • MAAR Subdivision Name: SCENIC HILLS BLK C
  • List Price Per Sq Ft: 70
  • Number Of Stories: 1
  • Price Per Sq Ft: 69.6
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1796
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Wood Laminate Floors, Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 4
  • Parking Display: 4
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 139
  • Acreage: 0.28
  • Lot Size: 79.10/122.56 X 156.79/193.92
  • Price Per Acre: 446429

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 083013 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2019
Closed on
May 31, 2019
Sold by
Memphis Investment Proper Ties Ii Llc
Bought by
Li Sisi
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$125,000
Sold Price
$125,000
Total Days on Market
0
Current Estimated Value
$185,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,951
Avg. Annual Appreciation
6.73%
Interest Rate
3.99%

Purchase Details

Listed on
Mar 20, 2019
Closed on
Apr 26, 2019
Sold by
Memphis Investment Properties Ii Llc
Bought by
Li Sisi
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.99%

Purchase Details

Listed on
Mar 20, 2019
Closed on
Feb 28, 2019
Sold by
Irrevocable Ligon Gilbert David
Bought by
Memphis Investment Properties Ii Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,920
Outstanding Balance
$99,195
Interest Rate
4.3%
Mortgage Type
Farmers Home Administration
Estimated Equity
$86,756

Purchase Details

Closed on
Mar 28, 2014
Sold by
Ligon G David and Ligon Ernest R
Bought by
Ligon Gilbert David and Ernest R Ligon Iii Irrevocable Special
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 Buyer Sale Price Title Company
Li Sisi -- --
Li Sisi $125,000 Delta Title Services Llc
Memphis Investment Properties Ii Llc $50,000 Closing & Title Services
Ligon Gilbert David -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Li Sisi --
Open Li Sisi $111,920
Previous Owner Memphis Investment Properties Ii Llc $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2019 04/29/19 Sold $125,000 0.0% $78 / Sq Ft
03/20/2019 03/20/19 Pending -- -- --
03/20/2019 03/20/19 For Sale $125,000 -- $78 / 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 $1,089 $50,925 $5,225 $45,700
2024 $1,089 $32,125 $4,200 $27,925
2023 $1,957 $32,125 $4,200 $27,925
2022 $1,957 $32,125 $4,200 $27,925
2021 $1,108 $32,125 $4,200 $27,925
2020 $1,565 $21,600 $4,200 $17,400
2019 $690 $21,600 $4,200 $17,400
2018 $690 $21,600 $4,200 $17,400
2017 $707 $21,600 $4,200 $17,400
2016 $846 $19,350 $0 $0
2014 $846 $19,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2019

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    83 in this area

    481 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    82 in this area

    499 Total Sales

    Bradley Reedy
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048554

Memphis Area Association of REALTORS®

APN: 08-3013-0-0023

Tennessee Shelby County Memphis 38128 Frayser

2879 Bannockburn Rd, Memphis, TN

This home is located at 2879 Bannockburn Rd, Memphis, TN 38128 since 20 March 2019 and is currently estimated at $185,951, approximately $103 per square foot. This property was built in 1960. 2879 Bannockburn Rd is a home located in Shelby County with nearby schools including Scenic Hills Elementary School, Raleigh Egypt High School, and Promise Academy - Spring Hill.

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