NOT LISTED FOR SALE

3035 Scheibler Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $226,000 - $264,000

4 Beds
4 Baths
2,731 Sq Ft
$88/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $92,000 $34 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $1,382/month

Highlights

  • 0.85 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Traditional Architecture
  • Porch
  • Carpet

About This Home

As of August 2018

Corporate owned home selling "as-is". Can be a super family home or income property. Needs work but can be a real money maker! All offers must be submitted by the buyer’s agent using the online offer management system Home must be on the market 10 days prior to negotiations. 2 bedrooms down and 2 up plus 4 baths. Excellent opportunity.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 0.85

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Den with Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Side Facing Garage

Additional Features

  • Porch
  • 37,026 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Mazie Caldwell Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 085021 00004

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0.85 Acres

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1970
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 2

Interior Features

  • Fireplace Features: Den
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Foundation Details: Slab
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Covered Parking Spaces: 2
  • Parking Features: Garage Faces Side, Attached
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.85
  • Lot Size: 94X394.2/394.40
  • Lot Size Units: Acres
  • Parcel #: 085021 00004
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2688
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2025
Sold by
Banks Spencer and Banks Devonia
Bought by
Banks Spencer and Banks Devonia
Current Estimated Value
$240,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,780
Outstanding Balance
$219,590
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving
Estimated Equity
$21,852

Purchase Details

Listed on
Aug 10, 2018
Closed on
Aug 31, 2018
Sold by
U S Bank N A
Bought by
Banks Spencer
List Price
$98,800
Sold Price
$92,000
Premium/Discount to List
-$6,800
-6.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.59%
Original Mortgage
$116,222
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2018
Sold by
Muhammad Kondwani and Muhammad Valerie
Bought by
U S Bank N A and Cim Trust

Purchase Details

Closed on
Jun 23, 2006
Sold by
Pope Terry L
Bought by
Muhammad Kondwani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Banks Spencer -- None Listed On Document
Banks Spencer $92,000 Multiple
U S Bank N A $131,310 None Available
Muhammad Kondwani $165,000 Assured Escrow & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Spencer $219,780
Previous Owner Banks Spencer $116,222
Previous Owner Muhammad Kondwani $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2026 01/14/26 For Sale $98,800 +7.4% $36 / Sq Ft
08/31/2018 08/31/18 Sold $92,000 0.0% $34 / Sq Ft
08/31/2018 08/31/18 Sold $92,000 -6.9% $31 / Sq Ft View Prior Sale
08/10/2018 08/10/18 Pending -- -- --
07/09/2018 07/09/18 Pending -- -- --
06/13/2018 06/13/18 For Sale $98,800 -- $33 / Sq Ft
Source: Realtracs

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 $1,397 $58,775 $6,025 $52,750
2024 $1,397 $41,200 $5,550 $35,650
2023 $2,510 $41,200 $5,550 $35,650
2022 $2,510 $41,200 $5,550 $35,650
2021 $1,421 $41,200 $5,550 $35,650
2020 $2,657 $36,675 $5,550 $31,125
2019 $1,172 $36,675 $5,550 $31,125
2018 $1,172 $36,675 $5,550 $31,125
2017 $1,200 $36,675 $5,550 $31,125
2016 $1,512 $34,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jimmie Tapley

    Seller's Agent in 2018

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    5 in this area

    202 Total Sales

    Jimmie Tapley
    Section Image

  • J

    Buyer's Agent in 2018

    Jessie Lucas

    Niter & Associates

    (901) 289-2558

    4 Total Sales

    Jessie Lucas
    Section Image
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Map

Source: Realtracs

MLS Number: 3090567

Realtracs

APN: 08-5021-0-0004

Tennessee Shelby County Memphis 38128 Raleigh

3035 Scheibler Rd, Memphis, TN

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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