NOT LISTED FOR SALE

2938 Letrec Cove Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $96,905 - $128,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$91/Sq Ft Est. Value

Last Sold November 30, 2012

Last sale price $20,000 $17 Per Sq Ft

Est. 444% increase in value since last sale

Current estimated payment $615/month

Highlights

  • Traditional Architecture
  • 1 Car Attached Garage
  • Living Room
  • Great Room
  • Eat-In Kitchen
  • Central Heating

About This Home

As of November 2012

Sold as is. Great for investment or starter home. Currently rented out for $550 a month.

Last Agent to Sell the Property

Antonio Walton

The Home Partners Realty License #308212 Listed on: 07/30/2012

Last Buyer's Agent

Antonio Walton

The Home Partners Realty License #308212 Listed on: 07/30/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $471

Year Built

  • Built in 1972

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,011 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Living Room
  • Wall to Wall Carpet
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Attached Garage
  • Carport
  • Driveway

Additional Features

  • Cove
  • Central Heating

Community Details

  • Schoolfield St Elmo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072125 00024

Home Details

Home Type

Single Family

Est. Annual Taxes

$471

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 725F
  • MAAR Subdivision Name: SCHOOLFIELD ST ELMO
  • Number Of Stories: 1
  • Price Per Sq Ft: 19.78
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1011
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

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

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Driveway/Pad

Utilities

  • Heating: Central

Lot Info

  • Lot Description: Level, Cove
  • Lot Number: 137
  • Acreage: 0.21
  • Lot Size: .21

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 072125 00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2012
Closed on
Dec 13, 2012
Sold by
Mid South Homebuyers Inc
Bought by
Hamovitz Glenn D
Seller's Agent
Antonio Walton
The Home Partners Realty
Buyer's Agent
Antonio Walton
The Home Partners Realty
List Price
$31,500
Sold Price
$20,000
Premium/Discount to List
-$11,500
-36.51%
Current Estimated Value
$108,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,726
Avg. Annual Appreciation
13.90%
Original Mortgage
$42,160
Outstanding Balance
$29,719
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$76,608

Purchase Details

Closed on
Oct 9, 2009
Sold by
Fannie Mae
Bought by
Stevenson Juanita C

Purchase Details

Closed on
Sep 8, 2009
Sold by
Lopez Yaneisy
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 3, 2008
Sold by
Lopez Yaneisy
Bought by
Ray Enterprises Of Clearwater Inc

Purchase Details

Closed on
Jun 22, 2007
Sold by
Lasalle Bank Na
Bought by
Lopez Yaneisy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 18, 2007
Sold by
Wiggins Lydia B
Bought by
Lasalle Bank Na

Purchase Details

Closed on
Apr 17, 2006
Sold by
Crawford Katron
Bought by
Wiggins Lydia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 28, 2001
Sold by
Turner Janice L and Turner Michael J
Bought by
Cherry Janice Lee and Crawford Katron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,846
Interest Rate
7.06%
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
Hamovitz Glenn D $52,700 None Available
Stevenson Juanita C $9,500 Assured Escrow & Title
Federal National Mortgage Association $60,826 None Available
Ray Enterprises Of Clearwater Inc -- Alliance Title & Escrow Llc
Lopez Yaneisy $25,500 Mid America Title Agency Inc
Lasalle Bank Na $49,125 None Available
Wiggins Lydia B $68,000 Accurate Title & Escrow Inc
Cherry Janice Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamovitz Glenn D $42,160
Previous Owner Wiggins Lydia B $68,000
Previous Owner Cherry Janice Lee $45,846
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2012 11/30/12 Sold $20,000 -36.5% $20 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
07/30/2012 07/30/12 For Sale $31,500 -- $32 / 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 $471 $19,525 $2,750 $16,775
2024 $471 $13,900 $1,925 $11,975
2023 $847 $13,900 $1,925 $11,975
2022 $471 $13,900 $1,925 $11,975
2021 $857 $13,900 $1,925 $11,975
2020 $790 $10,900 $1,925 $8,975
2019 $790 $10,900 $1,925 $8,975
2018 $790 $10,900 $1,925 $8,975
2017 $448 $10,900 $1,925 $8,975
2016 $487 $11,150 $0 $0
2014 $487 $11,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Antonio Walton

    Seller's Agent in 2012

    Antonio Walton

    The Home Partners Realty

    (901) 864-1203

    2 in this area

    159 Total Sales

    Antonio Walton
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3253175

Memphis Area Association of REALTORS®

APN: 07-2125-0-0024

Tennessee Shelby County Memphis 38127 Frayser

2938 Letrec Cove, Memphis, TN

This home is located at 2938 Letrec Cove, Memphis, TN 38127 since 30 July 2012 and is currently estimated at $108,726, approximately $90 per square foot. This property was built in 1972. 2938 Letrec Cove is a home located in Shelby County with nearby schools including Hawkins Mill Elementary School, Georgian Hills Middle School, and Trezevant High School.

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