NOT LISTED FOR SALE

324 Mcfarland Dr Memphis, TN 38109

Whitehaven Neighborhood

Estimated Value: $127,000 - $158,000

5 Beds
2 Baths
1,600-1,799 Sq Ft
$76/Sq Ft Est. Value

Last Sold May 18, 2020

Last sale price $82,500 $46 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $803/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Some Wood Windows
  • Traditional Architecture
  • Den
  • Central Heating and Cooling System

About This Home

As of May 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $825 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: 03/16/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $861

Year Built

  • Built in 1967

Lot Details

  • 0.26 Acre Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,774 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Laminate Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Lakeview Gardens Section H Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075251 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$861

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 766A
  • MAAR Subdivision Name: LAKEVIEW GARDENS SECTION H
  • List Price Per Sq Ft: 47
  • Number Of Stories: 1
  • Price Per Sq Ft: 46.51
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1774
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 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
  • Bedrooms: 5
  • Bedrooms Down: 5
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • 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: Wood/Composition
  • Roof: Composition Shingles

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 30
  • Acreage: 0.26
  • Lot Size: 11712
  • Price Per Acre: 317308

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 075251 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2022
Sold by
Sef Tennessee Llc
Bought by
Finnegan Shawn
Current Estimated Value
$137,321

Purchase Details

Closed on
Sep 21, 2020
Sold by
Finnegan Shawn
Bought by
Sef Tennessee Llc

Purchase Details

Listed on
Mar 16, 2020
Closed on
May 15, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
Finnegan Shawn
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$82,500
Sold Price
$82,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.90%
Original Mortgage
$66,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2020
Sold by
Taylor Reinhold
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
$75,000
Interest Rate
3.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 23, 2017
Sold by
Taylor Reinhold
Bought by
Taylor Reinhold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2008
Sold by
Taylor Reinhold
Bought by
Kizer Steel Trust

Purchase Details

Closed on
Dec 20, 2006
Sold by
Tennessee Housing Development Agency
Bought by
Hud

Purchase Details

Closed on
Nov 30, 2006
Sold by
Clark Gloria J and Clark Murray T
Bought by
Tennessee Housing Development Agency

Purchase Details

Closed on
May 19, 2004
Sold by
Rice Melvin and Rice Donna
Bought by
Clark Gloria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,411
Interest Rate
5.89%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 2003
Sold by
Rice Melvin
Bought by
Rice Melvin and Rice Donna

Purchase Details

Closed on
Feb 5, 1998
Sold by
Hardaway Gail A
Bought by
Hud
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
Finnegan Shawn -- None Listed On Document
Sef Tennessee Llc -- None Available
Finnegan Shawn $82,500 Della Title Svcs Llc
Memphis Investment Properties Ii Llc $44,000 Close Trak Closing & Ttl Svc
Taylor Reinhold -- None Available
Kizer Steel Trust -- None Available
Hud $77,013 None Available
Tennessee Housing Development Agency $77,013 None Available
Clark Gloria J $75,000 --
Rice Melvin -- --
Hud $49,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Finnegan Shawn $66,000
Previous Owner Memphis Investment Properties Ii Llc $75,000
Previous Owner Taylor Reinhold $27,000
Previous Owner Clark Gloria J $74,411
Closed Clark Gloria J $4,049
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2020 05/18/20 Sold $82,500 0.0% $52 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $82,500 -- $52 / 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 $861 $36,400 $2,600 $33,800
2024 $861 $25,400 $1,825 $23,575
2023 $1,547 $25,400 $1,825 $23,575
2022 $1,547 $25,400 $1,825 $23,575
2021 $876 $25,400 $1,825 $23,575
2020 $1,176 $16,225 $1,825 $14,400
2019 $519 $16,225 $1,825 $14,400
2018 $519 $16,225 $1,825 $14,400
2017 $531 $16,225 $1,825 $14,400
2016 $770 $17,625 $0 $0
2014 $770 $17,625 $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

    43 in this area

    414 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    45 in this area

    431 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10073201

Memphis Area Association of REALTORS®

APN: 07-5251-0-0003

Tennessee Shelby County Memphis 38109 Whitehaven

324 Mcfarland Dr, Memphis, TN

This home is located at 324 Mcfarland Dr, Memphis, TN 38109 since 16 March 2020 and is currently estimated at $137,321, approximately $76 per square foot. This property was built in 1967. 324 Mcfarland Dr is a home located in Shelby County with nearby schools including Geeter School, Freedom Preparatory Academy Charter Elementary School - Westwood Campus, and Freedom Preparatory Academy Westwood Elementary at Parkrose.

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