NOT LISTED FOR SALE

2916 Lake Park Rd Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $94,214 - $119,000

3 Beds
1.5 Baths
1,000-1,199 Sq Ft
$88/Sq Ft Est. Value

Sale Details

Date Sold: September 12, 2014

Last sale price $22,000 $18 Per Sq Ft

Est. 379% increase in value since last sale

Current estimated payment $606 / mo

43 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Central Heating and Cooling System
  • Separate Formal Living Room
  • Brick Veneer
  • Level Lot

About This Home

As of September 2014

Solid brick home with tenants already in it. Lease up in 2015 and tenants paying $600 a month. Would make a great addition to an investor's rental portfolio. Please drive by the property and write offer subject to inspection after executed contract. PLEASE DO NOT DISTURB THE TENANTS. No sign in yard.

Last Agent to Sell the Property

Verna Littleton

Fast Track Realty, LLC License #274344 Listed on: 07/29/2014

Last Buyer's Agent

Robert Vaughn

The Carter Group LLC, REALTORS License #233832

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 916 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Wall to Wall Carpet
  • Iron Doors
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Schoolfield St Elmo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072121 A00014

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: SCHOOLFIELD ST ELMO
  • List Price Per Sq Ft: 22
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 916
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wall to Wall Carpet
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen, Washer/Dryer Connections
  • P R I M A R Y B E D R O O M: Carpet

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 13
  • Acreage: 0.21

Tax Info

  • Assessor Parcel Number: 072121 A00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2014
Sold by
First Premier Properties Llc
Bought by
Najera Jeremy
Current Estimated Value
$105,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,416
Outstanding Balance
$22,657
Interest Rate
4.07%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$82,648

Purchase Details

Listed on
Jul 29, 2014
Closed on
Sep 12, 2014
Sold by
Henley Tabitha Jones
Bought by
First Premier Properties Llc
Seller's Agent
Verna Littleton
Fast Track Realty, LLC
Buyer's Agent
Robert Vaughn
The Carter Group LLC, REALTORS
List Price
$20,000
Sold Price
$22,000
Premium/Discount to List
$2,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.48%

Purchase Details

Closed on
Apr 3, 2012
Sold by
Landmark Community Bank
Bought by
Henley Tabitha Jones

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,233
Interest Rate
3.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2011
Sold by
Brigham F Terrence and Brigham Carolyn G
Bought by
Landmark Community Bank

Purchase Details

Closed on
Dec 19, 2006
Sold by
Wells Fargo Bank Na
Bought by
Brigham F Terrence and Brigham Carolyn G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.05%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2006
Sold by
Frazier Johnnie M
Bought by
Wells Fargo Bank Na and Mastr Asset Backed Securities Trust 2004
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Najera Jeremy $30,000 Baymark Title & Escrow Svcs
First Premier Properties Llc $22,000 Baymark Title & Escrow Svcs
Henley Tabitha Jones $30,000 None Available
Landmark Community Bank $13,000 None Available
Brigham F Terrence $28,000 Lehman Land Title Inc
Wells Fargo Bank Na $51,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Najera Jeremy $29,416
Previous Owner Henley Tabitha Jones $25,233
Previous Owner Brigham F Terrence $48,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2014 09/12/14 Sold $22,000 +10.0% $22 / Sq Ft
09/10/2014 09/10/14 Pending -- -- --
07/29/2014 07/29/14 For Sale $20,000 -- $20 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $470 $19,225 $2,750 $16,475
2024 $470 $13,850 $1,925 $11,925
2023 $844 $13,850 $1,925 $11,925
2022 $844 $13,850 $1,925 $11,925
2021 $854 $13,850 $1,925 $11,925
2020 $813 $11,225 $1,925 $9,300
2019 $813 $11,225 $1,925 $9,300
2018 $813 $11,225 $1,925 $9,300
2017 $461 $11,225 $1,925 $9,300
2016 $501 $11,475 $0 $0
2014 $501 $11,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Verna Littleton

    Seller's Agent in 2014

    Verna Littleton

    Fast Track Realty, LLC

    (901) 490-9449

    13 in this area

    105 Total Sales

    Verna Littleton
    Section Image

  • R

    Buyer's Agent in 2014

    Robert Vaughn

    The Carter Group LLC, REALTORS

    (901) 652-4634

    1 in this area

    15 Total Sales

    Robert Vaughn
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9933550

Memphis Area Association of REALTORS®

APN: 07-2121-A0-0014

Tennessee Shelby County Memphis 38127 Frayser

2916 Lake Park Rd, Memphis, TN

Not Listed for Sale

Detached

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