NOT LISTED FOR SALE

3227 Southbridge St Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $108,000 - $127,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$98/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $83,000 $69 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $659/month

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Great Room
  • Level Lot
  • 1-Story Property

About This Home

As of March 2021

DO NOT DISTURB TENANTS. Professionally managed. No showings until accepted offer. Rented for $785/mo through 6/30/2021.

Last Agent to Sell the Property

Benjamin Reed

Reed & Associates of Tenn, LLC License #286831 Listed on: 02/10/2021

Co-Listed By

Phillip Kemp

Reed & Associates of Tenn, LLC License #286830

Last Buyer's Agent

William Haynes

Crye-Leike, Inc., REALTORS License #355990

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $542

Year Built

  • Built in 1968

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 65x135
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,008 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Great Room
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Knightwoods Subdivision

Listing and Financial Details

  • Assessor Parcel Number 073041 D00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$542

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: KNIGHTWOODS
  • List Price Per Sq Ft: 89
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1008
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Great Room
  • Master Bedroom Dimensions: 11x12

Exterior Features

  • Exterior Windows: Aluminum Window(s)

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 305
  • Acreage: 0.2
  • Lot Size: 65X135

Tax Info

  • Assessor Parcel Number: 073041 D00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 10, 2021
Sold by
Chang Moyi and Chang Jing Li
Bought by
Patel Brothers Properties Llc
Seller's Agent
Benjamin Reed
Reed & Associates of Tenn, LLC
Buyer's Agent
William Haynes
Crye-Leike, Inc., REALTORS
List Price
$90,000
Sold Price
$83,000
Premium/Discount to List
-$7,000
-7.78%
Current Estimated Value
$117,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,266
Avg. Annual Appreciation
7.77%

Purchase Details

Closed on
Nov 11, 2011
Sold by
Gp Memphis Cash Flow
Bought by
Chang Moyi and Chang Jing Li

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2011
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Gp Memphis Cash Flow

Purchase Details

Closed on
May 6, 2010
Sold by
Davis Randy
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Nov 2, 2007
Sold by
Katrina Properties Llc
Bought by
Davis Randy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,897
Interest Rate
6.37%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 2007
Sold by
Mallard Properties Llc
Bought by
Katrina Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
6.11%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 20, 2007
Sold by
Novastar Mortgage Inc
Bought by
Mallard Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
6.11%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 8, 2006
Sold by
Jacksno Cheryl R
Bought by
Novastar Mortgage Inc

Purchase Details

Closed on
Mar 8, 1995
Bought by
Jackson Cheryl R
Source: Public Records

Range of Values:

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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
Patel Brothers Properties Llc $83,000 Memphis Title Co
Chang Moyi $48,000 None Available
Gp Memphis Cash Flow $15,475 None Available
Secretary Of Housing & Urban Development $79,918 None Available
Davis Randy $64,900 None Available
Katrina Properties Llc -- None Available
Mallard Properties Llc $34,000 None Available
Novastar Mortgage Inc $54,738 None Available
Jackson Cheryl R $47,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chang Moyi $38,400
Previous Owner Davis Randy $63,897
Previous Owner Katrina Properties Llc $34,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2021 03/15/21 Sold $83,000 -7.8% $83 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $90,000 -- $90 / 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 $542 $27,050 $4,125 $22,925
2024 $542 $15,975 $2,750 $13,225
2023 $973 $15,975 $2,750 $13,225
2022 $973 $15,975 $2,750 $13,225
2021 $985 $15,975 $2,750 $13,225
2020 $908 $12,525 $2,750 $9,775
2019 $400 $12,525 $2,750 $9,775
2018 $400 $12,525 $2,750 $9,775
2017 $410 $12,525 $2,750 $9,775
2016 $525 $12,025 $0 $0
2014 $525 $12,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Benjamin Reed

    Reed & Associates of Tenn, LLC

    (901) 870-2966

    4 in this area

    59 Total Sales

    Benjamin Reed
    Section Image
  • Phillip Kemp

    Seller Co-Listing Agent in 2021

    Phillip Kemp

    Reed & Associates of Tenn, LLC

    (901) 461-4662

    4 in this area

    52 Total Sales

    Phillip Kemp
    Section Image
  • William Haynes

    Buyer's Agent in 2021

    William Haynes

    Crye-Leike, Inc., REALTORS

    (865) 454-1124

    10 in this area

    265 Total Sales

    William Haynes
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10093344

Memphis Area Association of REALTORS®

APN: 07-3041-D0-0005

Tennessee Shelby County Memphis 38118 Parkway Village

3227 Southbridge St, Memphis, TN

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