NOT LISTED FOR SALE

3272 Powers Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $175,000 - $207,000

3 Beds
1 Bath
1,400-1,599 Sq Ft
$118/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $162,000 $101 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,081/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Living Room
  • Traditional Architecture
  • Some Wood Windows
  • Tile Flooring

About This Home

As of February 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $1195 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: 12/05/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,070

Year Built

  • Built in 1967

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 79x150
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,547 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Living Room
  • Dining Room
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Broadmoor Park Blk A 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 085028 00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,070

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 #: 734D
  • MAAR Subdivision Name: BROADMOOR PARK BLK A-3
  • List Price Per Sq Ft: 105
  • Number Of Stories: 1
  • Price Per Sq Ft: 104.72
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1547
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • 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: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad, Garage Door Opener(s), Front-Load Garage

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 137
  • Acreage: 0.27
  • Lot Size: 79X150
  • Price Per Acre: 600000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 085028 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2021
Closed on
Feb 23, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Whipple Beatrix
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$162,000
Sold Price
$162,000
Current Estimated Value
$189,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,137
Avg. Annual Appreciation
4.30%
Original Mortgage
$121,500
Outstanding Balance
$113,012
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$76,125

Purchase Details

Closed on
Oct 20, 2021
Sold by
Eknk Llc
Bought by
Memphis Investment Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2011
Sold by
Trustmark National Bank
Bought by
Chhay Kim and Chhay Neang

Purchase Details

Closed on
Apr 9, 2009
Sold by
Federal National Mortgage Association
Bought by
Trustmark National Bank

Purchase Details

Closed on
Oct 3, 2008
Sold by
Lee Alexander
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 30, 2007
Sold by
Reed Of Memphis Inc
Bought by
Lee Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2006
Sold by
Hodge Andrew
Bought by
Reed Inc
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
Whipple Beatrix $162,000 Delta Title Services
Memphis Investment Properties Iii Llc $115,000 Closetrak
Chhay Kim $25,000 None Available
Trustmark National Bank $94,400 None Available
Federal National Mortgage Association $94,400 None Available
Lee Alexander $130,000 Absolute Title & Escrow
Reed Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whipple Beatrix $121,500
Previous Owner Memphis Investment Properties Iii Llc $135,000
Previous Owner Lee Alexander $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $162,000 0.0% $116 / Sq Ft
12/05/2021 12/05/21 Pending -- -- --
12/05/2021 12/05/21 For Sale $162,000 -- $116 / 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 $1,070 $50,650 $3,800 $46,850
2024 $1,070 $31,575 $2,775 $28,800
2023 $1,923 $31,575 $2,775 $28,800
2022 $1,646 $27,025 $2,775 $24,250
2021 $733 $27,025 $2,775 $24,250
2020 $1,283 $17,700 $2,775 $14,925
2019 $566 $17,700 $2,775 $14,925
2018 $566 $17,700 $2,775 $14,925
2017 $579 $17,700 $2,775 $14,925
2016 $718 $16,425 $0 $0
2014 $718 $16,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    402 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    419 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10113968

Memphis Area Association of REALTORS®

APN: 08-5028-0-0011

Tennessee Shelby County Memphis 38128 Raleigh

3272 Powers Rd, Memphis, TN

This home is located at 3272 Powers Rd, Memphis, TN 38128 since 05 December 2021 and is currently estimated at $189,137, approximately $118 per square foot. This property was built in 1967. 3272 Powers Rd is a home located in Shelby County with nearby schools including Scenic Hills Elementary School, Raleigh Egypt High School, and Coleman School.

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