NOT LISTED FOR SALE

3051 Rainier Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $84,956 - $101,000

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$69/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $65,000 $46 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $548/month

22 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Brick Veneer
  • Wood Flooring
  • Porch
  • Central Heating and Cooling System

About This Home

As of December 2018

LOVELY BRICK RANCH STYLE HOME WITH DOUBLE CARPORT, LIVING ROOM, 3 BEDROOMS, 1 1/2 BATHS, AND A SPACIOUS KITCHEN ALL ON A LARGE CORNER LOT JUST WAITING FOR FAMILY BAR B QUIES. NEAT NEIGHBORHOOD THAT'S NEAR SCHOOLS, CHURCHES, STORES AND PARKS.

Last Agent to Sell the Property

Carol Tate

Tate Realty and Construction License #56037 Listed on: 11/29/2018

Last Buyer's Agent

Kenneth Tate

Tate Realty and Construction License #56020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 0.25

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,230 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • Porch
  • 10,890 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • Frayser Vista Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070016 00019

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0.25 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: FRAYSER VISTA
  • List Price Per Sq Ft: 57
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1230
  • Year Built: 1959
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

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 Number: 16
  • Acreage: 0.25
  • Lot Size: 0.25

Tax Info

  • Assessor Parcel Number: 070016 00019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2018
Closed on
Dec 27, 2018
Sold by
Fannie Mae
Bought by
Welcomh Home Properties Llc
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Kenneth Tate
Tate Realty and Construction
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%
Current Estimated Value
$96,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,239
Avg. Annual Appreciation
5.57%

Purchase Details

Closed on
Oct 22, 2018
Sold by
Spearman Janice A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 6, 2018
Sold by
Spearman Janice A
Bought by
Phh Mortgage Corp

Purchase Details

Closed on
Mar 7, 2007
Sold by
Morris Investment Co
Bought by
Spearman Janice A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,750
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2006
Sold by
Tennessee Housing Development Agency
Bought by
Hud

Purchase Details

Closed on
Oct 5, 2006
Sold by
Galison Lisa L and Jones Lisa L
Bought by
Tennessee Housing Development Agency

Purchase Details

Closed on
Oct 30, 1997
Sold by
Bryson Dorothy R
Bought by
Galison Lisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,371
Interest Rate
7.31%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Welcomh Home Properties Llc $65,000 Title & Escrow Services Inc
Federal National Mortgage Association -- None Available
Phh Mortgage Corp $46,770 None Available
Spearman Janice A $65,000 None Available
Hud $56,527 None Available
Tennessee Housing Development Agency $56,527 None Available
Galison Lisa L $55,400 --
Galison Lisa L $55,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spearman Janice A $61,750
Previous Owner Galison Lisa L $55,371
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2018 12/28/18 Sold $65,000 -7.0% $54 / Sq Ft
12/21/2018 12/21/18 Pending -- -- --
11/29/2018 11/29/18 For Sale $69,900 -- $58 / 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 $492 $19,900 $1,775 $18,125
2024 $492 $14,500 $1,475 $13,025
2023 $883 $14,500 $1,475 $13,025
2022 $883 $14,500 $1,475 $13,025
2021 $500 $14,500 $1,475 $13,025
2020 $683 $9,425 $1,475 $7,950
2019 $301 $9,425 $1,475 $7,950
2018 $301 $9,425 $1,475 $7,950
2017 $308 $9,425 $1,475 $7,950
2016 $457 $10,450 $0 $0
2014 $457 $10,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    2 in this area

    31 Total Sales

    Carol Tate
    Section Image

  • K

    Buyer's Agent in 2018

    Kenneth Tate

    Tate Realty and Construction

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10041543

Memphis Area Association of REALTORS®

APN: 07-0016-0-0019

Tennessee Shelby County Memphis 38127 Frayser

3051 Rainier Dr, Memphis, TN

Not Listed for Sale

Detached

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