NOT LISTED FOR SALE

3023 Leconte Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $101,676 - $132,000

3 Beds
1.5 Baths
1,600-1,799 Sq Ft
$65/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2022

Last sale price $119,900 $67 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $675 / mo

Highlights

  • Updated Kitchen
  • Brick Veneer
  • Tile Flooring
  • Traditional Architecture
  • Living Room
  • Central Heating and Cooling System

About This Home

As of September 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $895 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 03/30/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 14,375 Sq Ft Lot
  • Lot Dimensions are 77x172
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,621 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Alta Vista 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070040 00008

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0.33 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: ALTA VISTA 1ST ADD
  • List Price Per Sq Ft: 74
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1621
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 15
  • Acreage: 0.33
  • Lot Size: 77X172

Tax Info

  • Assessor Parcel Number: 070040 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Sep 27, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Demerin James Maurice
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$119,900
Sold Price
$119,900
Current Estimated Value
$116,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,231
Avg. Annual Appreciation
-0.77%
Original Mortgage
$95,920
Outstanding Balance
$91,682
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$24,987

Purchase Details

Closed on
Mar 15, 2022
Sold by
Bowdery and Frank
Bought by
Memphis Investment Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2015
Sold by
Schafer Dixon and Schafer Denna
Bought by
Bowdery Frank and Bowdery Alicia

Purchase Details

Closed on
May 5, 2011
Sold by
Owings Michael C
Bought by
Schafer Dixon and Schafer Denna

Purchase Details

Closed on
Mar 4, 2008
Sold by
Owings June Ernestine
Bought by
Ownings June Ernestine and Owings Michael C

Purchase Details

Closed on
Jul 18, 2007
Sold by
Owings Oscar C
Bought by
Owings June Ernestine
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
Demerin James Maurice $119,900 Delta Title Services
Memphis Investment Properties Iii Llc $55,000 Delta Title Services
Bowdery Frank -- None Available
Schafer Dixon $16,000 Realty Title & Escrow Co Inc
Ownings June Ernestine -- Lenders Title & Escrow Llc
Owings June Ernestine -- Lenders Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demerin James Maurice $95,920
Previous Owner Memphis Investment Properties Iii Llc $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2022 09/28/22 Sold $119,900 0.0% $75 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $119,900 -- $75 / 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 $561 $28,550 $1,825 $26,725
2024 $561 $16,550 $1,625 $14,925
2023 $1,008 $16,550 $1,625 $14,925
2022 $950 $15,600 $1,625 $13,975
2021 $1,129 $15,600 $1,625 $13,975
2020 $723 $9,975 $1,625 $8,350
2019 $319 $9,975 $1,625 $8,350
2018 $319 $9,975 $1,625 $8,350
2017 $326 $9,975 $1,625 $8,350
2016 $434 $9,925 $0 $0
2014 $434 $9,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    50 in this area

    299 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    49 in this area

    314 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10121468

Memphis Area Association of REALTORS®

APN: 07-0040-0-0008

Tennessee Shelby County Memphis 38127 Frayser

3023 Leconte Dr, Memphis, TN

Not Listed for Sale

Detached

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