$45,000
SOLD JUL 3, 2025

2986 Lounette St Memphis, TN 38114

Southeast Memphis Neighborhood
3 Beds
1 Bath
800-999 Sq Ft
0.46 Acres

Recently Sold

$45 Per Sq Ft

50% Below List Price

221 Days on Market

About This Home

As of July 2025

Investment opportunity in the Shelby area. No showings without an accepted offer. No wholesaler offers or offers with assignment of contract language will be accepted.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 11/15/2024

Last Buyer's Agent

Kimberly Simmons SRS, AHWD, ePRO

Tally Real Estate Group, LLC License #307138

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $351

Year Built

  • Built in 1953

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 88x109

Interior Spaces

  • 800-999 Sq Ft Home
  • 872 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Fairlawn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 059036 00001

Home Details

Home Type

Single Family

Est. Annual Taxes

$351

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 757G
  • MAAR Subdivision Name: BETHEL GROVE
  • Number Of Stories: 1
  • Price Per Sq Ft: 51.61
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 872
  • Year Built: 1953
  • List Price/ Sq Ft: 53
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 800-999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1

Garage/Parking

  • Parking Display: N0

Lot Info

  • Lot Number: 345
  • Acreage: 0.46
  • Lot Size: 88X109
  • Price Per Acre: 99783
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 059036 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Jul 3, 2025
Sold by
Whitestone Iii Propco Cv 1 Llc
Bought by
Mccray Corey and Mccray Jametras
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Kimberly Simmons SRS, AHWD, ePRO
Tally Real Estate Group, LLC
List Price
$90,000
Sold Price
$45,000
Premium/Discount to List
-$45,000
-50%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12663.59%

Purchase Details

Listed on
Dec 21, 2021
Closed on
Feb 18, 2022
Sold by
Yasbek Two Llc
Bought by
Whitestone Real Estate Fund Ii
Seller's Agent
Monica Mauricio
REMAX Experts
Buyer's Agent
Caleb Parr
Renshaw Company, REALTORS
List Price
$63,000
Sold Price
$66,000
Premium/Discount to List
$3,000
4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.71%

Purchase Details

Listed on
May 5, 2017
Closed on
Sep 18, 2017
Sold by
Thornton Kenneth
Bought by
Yasbek Two Llc
Seller's Agent
Adam Watson
Keller Williams
Buyer's Agent
Monica Mauricio
REMAX Experts
List Price
$29,000
Sold Price
$28,000
Premium/Discount to List
-$1,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.46%

Purchase Details

Closed on
Dec 3, 2004
Sold by
Howard Annie Ruth Naramore and Flake Donald Wayne
Bought by
Thornton Kenneth
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 Type Sale Price Title Company
Warranty Deed $45,000 Preferred Title & Escrow
Warranty Deed $795,000 Regency Title & Escrow
Warranty Deed $167,000 Regency Title & Escrow Llc
Warranty Deed $15,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Sold $45,000 -2.0% $56 / Sq Ft
06/24/2025 06/24/25 Pending -- -- --
06/18/2025 06/18/25 Price Changed $45,900 -30.5% $57 / Sq Ft
04/08/2025 04/08/25 Price Changed $66,000 -9.6% $83 / Sq Ft
03/04/2025 03/04/25 Price Changed $73,000 -9.9% $91 / Sq Ft
01/06/2025 01/06/25 Price Changed $81,000 -10.0% $101 / Sq Ft
11/15/2024 11/15/24 For Sale $90,000 +36.4% $113 / Sq Ft
02/16/2022 02/16/22 Sold $66,000 +4.8% $76 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
12/21/2021 12/21/21 For Sale $63,000 +125.0% $72 / Sq Ft
09/19/2017 09/19/17 Sold $28,000 -3.4% $280 / Sq Ft
07/31/2017 07/31/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $29,000 -- $290 / 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 $351 $13,950 $2,450 $11,500
2024 -- $10,350 $1,000 $9,350
2023 $630 $10,350 $1,000 $9,350
2022 $630 $10,350 $1,000 $9,350
2021 $638 $10,350 $1,000 $9,350
2020 $415 $5,725 $1,000 $4,725
2019 $183 $5,725 $1,000 $4,725
2018 $183 $5,725 $1,000 $4,725
2017 $187 $5,725 $1,000 $4,725
2016 $272 $6,225 $0 $0
2014 $272 $6,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2025

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    15 in this area

    1,428 Total Sales

    Section Image
  • Kimberly Simmons SRS, AHWD, ePRO

    Buyer's Agent in 2025

    Kimberly Simmons SRS, AHWD, ePRO

    Tally Real Estate Group, LLC

    (901) 463-6415

    6 in this area

    45 Total Sales

    Section Image
  • Monica Mauricio

    Seller's Agent in 2022

    Monica Mauricio

    RE/MAX

    (901) 262-3838

    6 in this area

    137 Total Sales

    Section Image
  • Caleb Parr

    Buyer's Agent in 2022

    Caleb Parr

    Renshaw Company, REALTORS

    (901) 484-0478

    17 in this area

    393 Total Sales

    Section Image
  • Adam Watson

    Seller's Agent in 2017

    Adam Watson

    Keller Williams

    (901) 210-6595

    1 in this area

    90 Total Sales

    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10185297

Memphis Area Association of REALTORS®

APN: 05-9036-0-0001

Tennessee Shelby County Memphis 38114 Southeast Memphis

2986 Lounette St, Memphis, TN

This home is located at 2986 Lounette St, Memphis, TN 38114 and is currently priced at $45,000, approximately $45 per square foot. This property was built in 1953. 2986 Lounette St is a home located in Shelby County with nearby schools including Sherwood Middle, Melrose High School, and Compass Community School Orange Mound Campus.

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