NOT LISTED FOR SALE

2888 Mercer Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $118,000 - $147,021

3 Beds
2 Baths
1,200-1,399 Sq Ft
$95/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $152,000 $109 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $773/month

66 Days on Market

Highlights

  • Gated Parking
  • Updated Kitchen
  • Wood Flooring
  • Sitting Area In Primary Bedroom
  • Two Primary Bathrooms
  • 3-minute walk to Frayser Park

About This Home

As of August 2023

This house is completely remodeled. The house come with appliances. Everything is new (floors,cabinets, kitchen, bathroom, exterior & interior painted, electrical, HVAC etc. The house has a huge front & backyard. It also come with a chainlink & privacy fence perfect for pets or something needing privacy. This house is directly across from the newly renovated Ed Rice Community Center.

Last Agent to Sell the Property

Ernest Palmer

KAIZEN Realty, LLC License #291211 Listed on: 05/16/2023

KAIZEN Realty, LLC

Last Buyer's Agent

Michelle Hayes Thomas

Hayes Homes and Realty, Inc License #265701

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $809

Year Built

  • Built in 1948

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 85x150
  • Wood Fence
  • Chain Link Fence
  • Landscaped
  • Corner Lot
  • Few Trees

Home Design

  • Soft Contemporary Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,340 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Ceiling Fan
  • Some Wood Windows
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Storage Room
  • Pull Down Stairs to Attic

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Instant Hot Water

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 1 Parking Space
  • Driveway
  • Gated Parking

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 070084 00001

Community Details

Overview

  • Rugby Third Addition Subdivision

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$809

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Soft Contemporary
  • Detached Unit Type: General Residential
  • MLS Map #: 727C
  • MAAR Subdivision Name: RUGBY 3RD ADD
  • Number Of Stories: 1
  • Price Per Sq Ft: 113.43
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1340
  • Year Built: 1948
  • List Price/ Sq Ft: 112
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Split Bedroom Plan, Renovated Bathroom, Luxury Primary Bath, 2 Full Primary Baths
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile, Vinyl Floor, Textured Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Self Cleaning Oven, Microwave, Refrigerator, Washer, Dryer, Instant Hot Water, Cable Available
  • Living Dining Kitchen: Great Room, LR/DR Combination, Updated/Renovated Kitchen, Eat-In Kitchen, Washer/Dryer Connections
  • Misc Interior: Pull Down Attic Stairs
  • Other Rooms: Laundry Closet, Attic, Storage Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath, Sitting Area, Hardwood Floor

Exterior Features

  • Misc Exterior: Wood Fence
  • Exterior Windows: Brick Veneer, Wood/Composition, Storm Door(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad, Storage Room(s), Gated Parking

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Central
  • Security: Smoke Detector(s), Dead Bolt Lock(s)
  • Water Sewer: Electric Water Heater

Association/Amenities

  • Neighborhood Amenities: Recreation Facilities

Lot Info

  • Lot Description: Some Trees, Corner, Landscaped, Wood Fenced, Chain Fenced
  • Lot Number: 489
  • Acreage: 0.29
  • Lot Size: 85X150
  • Price Per Acre: 517241

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 070084 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Aug 3, 2023
Sold by
Ienterprise Llc
Bought by
Rucker Rateria
Seller's Agent
Ernest Palmer
KAIZEN Realty, LLC
Buyer's Agent
Michelle Hayes Thomas
Hayes Homes and Realty, Inc
List Price
$150,000
Sold Price
$152,000
Premium/Discount to List
$2,000
1.33%
Views
161
Current Estimated Value
$133,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,995
Avg. Annual Appreciation
-0.80%
Original Mortgage
$9,120
Outstanding Balance
$2,904
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$146,604

Purchase Details

Closed on
Mar 15, 2000
Sold by
Morris Edward C and Morris Eula W
Bought by
Waller Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,930
Interest Rate
8.37%
Mortgage Type
FHA
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
Rucker Rateria $152,000 Preferred Title
Waller Linda $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rucker Rateria $9,120
Open Rucker Rateria $149,246
Previous Owner Ienterprise Llc $72,789
Previous Owner Waller Linda $65,000
Previous Owner Waller Linda $55,930
Closed Waller Linda $3,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2023 08/02/23 Sold $152,000 +1.3% $127 / Sq Ft
05/16/2023 05/16/23 For Sale $150,000 -- $125 / 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 $809 $39,025 $1,675 $37,350
2024 -- $23,850 $1,375 $22,475
2023 $1,016 $16,675 $1,375 $15,300
2022 $1,016 $16,675 $1,375 $15,300
2021 $1,207 $16,675 $1,375 $15,300
2020 $340 $10,650 $1,375 $9,275
2019 $241 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2014 $472 $10,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ernest Palmer

    Seller's Agent in 2023

    Ernest Palmer

    KAIZEN Realty, LLC

    (901) 503-9454

    2 in this area

    10 Total Sales

    Ernest Palmer
    Section Image
  • Michelle Hayes Thomas

    Buyer's Agent in 2023

    Michelle Hayes Thomas

    Hayes Homes and Realty, Inc

    (901) 650-0486

    14 in this area

    258 Total Sales

    Michelle Hayes Thomas
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10148101

Memphis Area Association of REALTORS®

APN: 07-0084-0-0001

Tennessee Shelby County Memphis 38127 Frayser

2888 Mercer Dr, Memphis, TN

This home is located at 2888 Mercer Dr, Memphis, TN 38127 since 16 May 2023 and is currently estimated at $133,005, approximately $95 per square foot. This property was built in 1948. 2888 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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