NOT LISTED FOR SALE

3092 Rainier Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $117,000 - $144,000

4 Beds
2 Baths
1,600-1,799 Sq Ft
$71/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $84,900 $47 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $742/month

Highlights

  • Updated Kitchen
  • Some Wood Windows
  • Central Heating and Cooling System
  • Traditional Architecture
  • Living Room
  • Dining Room

About This Home

As of December 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $795 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: 10/09/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 386x225
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,743 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Living Room
  • Dining Room
  • Laminate Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Frayser Vista Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070042 00041

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 726C
  • MAAR Subdivision Name: FRAYSER VISTA
  • List Price Per Sq Ft: 49
  • Number Of Stories: 1
  • Price Per Sq Ft: 48.71
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1743
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedroom 4 Description: Level 1
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • 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: Some Trees
  • Lot Number: 27
  • Acreage: 0.26
  • Lot Size: 386X225
  • Price Per Acre: 326538

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 070042 00041

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Dec 8, 2020
Sold by
Memphis Investments Properties Llc
Bought by
Peek Bret R
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$84,900
Sold Price
$84,900
Current Estimated Value
$127,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,977
Avg. Annual Appreciation
8.79%

Purchase Details

Closed on
Sep 2, 2020
Sold by
Wilson Ralph and Wilson Sally L
Bought by
Memphis Investment Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 1995
Bought by
Ralph and Wilson Sally L
Source: Public Records

Range of Values:

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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
Peek Bret R $84,900 Delta Title Services Llc
Memphis Investment Properties Ii Llc $135,000 Delta Title Services Llc
Ralph $34,050 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Memphis Investment Properties Ii Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2020 12/08/20 Sold $84,900 0.0% $53 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $84,900 -- $53 / 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 -- $37,675 $1,800 $35,875
2024 $769 $22,675 $1,475 $21,200
2023 $1,381 $22,675 $1,475 $21,200
2022 $1,381 $22,675 $1,475 $21,200
2021 $1,397 $22,675 $1,475 $21,200
2020 $969 $13,375 $1,475 $11,900
2019 $427 $13,375 $1,475 $11,900
2018 $427 $13,375 $1,475 $11,900
2017 $438 $13,375 $1,475 $11,900
2016 $627 $14,350 $0 $0
2014 $627 $14,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    72 in this area

    409 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    71 in this area

    426 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10086643

Memphis Area Association of REALTORS®

APN: 07-0042-0-0041

Tennessee Shelby County Memphis 38127 Frayser

3092 Rainier Dr, Memphis, TN

This home is located at 3092 Rainier Dr, Memphis, TN 38127 since 09 October 2020 and is currently estimated at $127,877, approximately $71 per square foot. This property was built in 1960. 3092 Rainier Dr is a home located in Shelby County with nearby schools including Trezevant High School, Martin Luther King Preparatory High School, and Pathways In Education - Tn.

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