NOT LISTED FOR SALE

3271 Cedar Springs Dr Memphis, TN 38128

Frayser Neighborhood

Estimated Value: $103,000 - $116,000

3 Beds
2 Baths
1,076 Sq Ft
$100/Sq Ft Est. Value

Last Sold August 03, 2015

Last sale price $19,500 $18 Per Sq Ft

Est. 453% increase in value since last sale

Current estimated payment $613/month

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Patio
  • Separate Formal Living Room
  • 1 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of August 2015

Great buy on this home. Out of state owner is liquidating all properties. Source of funds letter required with all offers.

Last Agent to Sell the Property

Barry Less

Leco Realty, Inc. License #281548 Listed on: 04/17/2015

Last Buyer's Agent

Scott Housewirth

Crye-Leike Inc., REALTORS License #271531

Crye-Leike Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $559

Year Built

  • Built in 1972

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60 x 120
  • Wood Fence
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,076 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Carport
  • Driveway

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Springvalley Sec E Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090002 00245

Home Details

Home Type

Single Family

Est. Annual Taxes

$559

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 731A
  • MAAR Subdivision Name: SPRING VALLEY SEC E
  • List Price Per Sq Ft: 18
  • Number Of Stories: 1
  • Price Per Sq Ft: 18.12
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1076
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wall to Wall Carpet, Vinyl Floor
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Wood/Composition, Stone

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Wood Fenced
  • Lot Number: 653
  • Acreage: 0.16
  • Lot Size: 60 X 120
  • Price Per Acre: 124375

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 090002 00245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2015
Closed on
Jul 31, 2015
Sold by
First National Properties Llc
Bought by
Midsouth Investment Holdings Gp
Seller's Agent
Barry Less
Leco Realty, Inc.
Buyer's Agent
Scott Housewirth
Crye-Leike Inc., REALTORS
List Price
$25,000
Sold Price
$19,500
Premium/Discount to List
-$5,500
-22%
Current Estimated Value
$107,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,350
Avg. Annual Appreciation
18.20%

Purchase Details

Closed on
Sep 8, 2008
Sold by
Energy Partners International Llc
Bought by
First National Properties Llc

Purchase Details

Closed on
Aug 29, 2008
Sold by
The Bank Of New York
Bought by
Energy Partners International Llc

Purchase Details

Closed on
May 8, 2008
Sold by
Wade Marc
Bought by
The Bank Of New York and The Cwabs Inc Asset Backed Certificates

Purchase Details

Closed on
Dec 8, 2006
Sold by
Miller Marion Renee and Miller Judd M
Bought by
Wade Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
11.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2005
Sold by
The Bank Of New York
Bought by
Miller Marion Renee and Miller Judd M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,100
Interest Rate
6.1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 19, 2005
Sold by
Willis Evelyn Fay
Bought by
The Bank Of New York and Eqcc Asset Backed Certificates Series 20

Purchase Details

Closed on
Feb 29, 2000
Sold by
Hayslett Wesley
Bought by
Willis Evelyn Fay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
12.5%

Purchase Details

Closed on
Oct 22, 1999
Sold by
Johnson Deborah
Bought by
Hayslett Wesley

Purchase Details

Closed on
Jun 16, 1998
Sold by
Mcbride Charles E and Mcbride Denise
Bought by
Hud

Purchase Details

Closed on
Feb 5, 1993
Sold by
Mcbride Charles E
Bought by
Mcbride Denise
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
Midsouth Investment Holdings Gp $19,500 Tri State Title & Escrow Inc
First National Properties Llc -- Edco Title & Closing Service
Energy Partners International Llc $19,800 Edco Title & Closing Service
The Bank Of New York $38,250 None Available
Wade Marc $75,000 Assured Escrow & Title
Miller Marion Renee $39,000 --
The Bank Of New York $42,277 --
Willis Evelyn Fay $60,000 Equity Title & Escrow Co
Hayslett Wesley -- --
Hud $68,713 --
Mcbride Denise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wade Marc $71,250
Previous Owner Miller Marion Renee $35,100
Previous Owner Willis Evelyn Fay $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2015 08/03/15 Sold $19,500 -22.0% $18 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
04/17/2015 04/17/15 For Sale $25,000 -- $23 / 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 $559 $23,375 $2,625 $20,750
2024 $559 $16,475 $2,400 $14,075
2023 $1,004 $16,475 $2,400 $14,075
2022 $1,004 $16,475 $2,400 $14,075
2021 $1,015 $16,475 $2,400 $14,075
2020 $764 $10,550 $2,400 $8,150
2019 $764 $10,550 $2,400 $8,150
2018 $764 $10,550 $2,400 $8,150
2017 $522 $12,700 $2,400 $10,300
2016 $551 $12,600 $0 $0
2014 $551 $12,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9949818

Memphis Area Association of REALTORS®

APN: 09-0002-0-0245