NOT LISTED FOR SALE

2998 Ridgeway Rd Memphis, TN 38115

Hickory Hill Neighborhood

Estimated Value: $161,000 - $205,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$111/Sq Ft Est. Value

Last Sold November 15, 2016

Last sale price $72,500 $45 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $1,000/month

30 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • 1-Story Property
  • 1 Fireplace
  • Central Heating and Cooling System

About This Home

As of November 2016

Great property, covered car port with storage, door leading into home, great backyard, security System, HWA home warranty. NSP program (Neighborhood Stabilization Program) Contingent upon th buyer meeting all of City of Memphis NSP eligibility requirements. The buyer may qualify for closing cost assistance up to 10% of the sales price, not to exced $8,000, and mortgage buydown assistance in an amount equal to 40% of the sales price.

Last Agent to Sell the Property

Malcolm Settles

BEST Real Estate Company License #238986 Listed on: 08/13/2016

BEST Real Estate Company

Last Buyer's Agent

Malcolm Settles

BEST Real Estate Company License #238986 Listed on: 08/13/2016

BEST Real Estate Company

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 80 x 120

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,487 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Carport
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Kirby Downs Sec A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 093205 G00013

Home Details

Home Type

Single Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: KIRBY DOWNS SEC A
  • List Price Per Sq Ft: 54
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1487
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Number Of Fireplaces: 1

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Number: 13
  • Acreage: 0.22
  • Lot Size: 80 X 120

Tax Info

  • Assessor Parcel Number: 093205 G00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2016
Closed on
Nov 14, 2016
Sold by
Faith Investment Group Llc
Bought by
Bruce Pheobia Rochell
Seller's Agent
Malcolm Settles
BEST Real Estate Company
Buyer's Agent
Malcolm Settles
BEST Real Estate Company
List Price
$79,668
Sold Price
$72,500
Premium/Discount to List
-$7,168
-9%
Current Estimated Value
$177,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,237
Avg. Annual Appreciation
10.24%
Original Mortgage
$44,261
Outstanding Balance
$35,899
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$141,838

Purchase Details

Closed on
Mar 30, 2010
Sold by
Federal National Mortgage Association
Bought by
Faith Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,573
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2010
Sold by
Pena Rene
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 6, 2005
Sold by
Pickett Keith
Bought by
Pena Reno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,600
Interest Rate
5.79%
Mortgage Type
Fannie Mae Freddie Mac
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
Bruce Pheobia Rochell $72,500 None Available
Faith Investment Group Llc $35,640 None Available
Federal National Mortgage Association $369,781 None Available
Pena Reno $80,750 Tam Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bruce Pheobia Rochell $44,261
Previous Owner Faith Investment Group Llc $37,573
Previous Owner Pena Reno $64,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2016 11/15/16 Sold $72,500 -9.0% $52 / Sq Ft
09/12/2016 09/12/16 Pending -- -- --
08/13/2016 08/13/16 For Sale $79,668 -- $57 / 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 $919 $35,525 $5,000 $30,525
2024 $919 $27,100 $4,400 $22,700
2023 $1,651 $27,100 $4,400 $22,700
2022 $1,651 $27,100 $4,400 $22,700
2021 $1,670 $27,100 $4,400 $22,700
2020 $1,313 $18,125 $4,400 $13,725
2019 $1,313 $18,125 $4,400 $13,725
2018 $1,313 $18,125 $4,400 $13,725
2017 $745 $18,125 $4,400 $13,725
2016 $754 $17,250 $0 $0
2014 $754 $17,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Malcolm Settles

    BEST Real Estate Company

    (901) 649-3929

    1 in this area

    15 Total Sales

    Malcolm Settles
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9986078

Memphis Area Association of REALTORS®

APN: 09-3205-G0-0013

Tennessee Shelby County Memphis 38115 Hickory Hill

2998 Ridgeway Rd, Memphis, TN

Not Listed for Sale

Detached

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