NOT LISTED FOR SALE

3307 Formosa Rd Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $85,000 - $107,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$78/Sq Ft Est. Value

Last Sold March 08, 2019

Last sale price $28,500 $24 Per Sq Ft

Est. 228% increase in value since last sale

Current estimated payment $538/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • 1-Story Property
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of March 2019

Property is tenant occupied tenant pays $680.00 monthly. **Do Not Disturb Tenant** Please make offers contingent upon Interior inspection. Property Sold As Is.

Last Agent to Sell the Property

Jason Hunter

Hunter Management, LLC License #304924 Listed on: 02/14/2019

Last Buyer's Agent

Elizabeth Glosson

Fast Track Realty, LLC License #282986

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $495

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Chain Link Fence

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,149 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • George W Lee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075041 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$495

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 762A
  • MAAR Subdivision Name: GEORGE W LEE
  • List Price Per Sq Ft: 29
  • Number Of Stories: 1
  • Price Per Sq Ft: 24.8
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1149
  • Year Built: 1950
  • 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: Part Hardwood
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Chain Fence
  • Exterior Windows: Aluminum/Steel Siding, Vinyl Siding

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Chain Fenced
  • Lot Number: 123
  • Acreage: 0.2
  • Lot Size: .2080
  • Price Per Acre: 167500

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 075041 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2020
Sold by
Larkin Irainvestments Llc
Bought by
Wendel Alex
Current Estimated Value
$93,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Outstanding Balance
$42,813
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$46,374

Purchase Details

Listed on
Feb 14, 2019
Closed on
Mar 8, 2019
Sold by
Jones Barbara
Bought by
Larkin Ira Investments Llc
Seller's Agent
Jason Hunter
Hunter Management, LLC
Buyer's Agent
Elizabeth Glosson
Fast Track Realty, LLC
List Price
$33,500
Sold Price
$28,500
Premium/Discount to List
-$5,000
-14.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.99%

Purchase Details

Closed on
Dec 19, 2008
Sold by
Mcghee Jessica
Bought by
Jones Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,299
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2008
Sold by
Jones Barbara J
Bought by
Mcgee Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,299
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
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
Wendel Alex $60,000 None Available
Larkin Ira Investments Llc $28,650 Preferred Title & Escrow Llc
Jones Barbara $36,624 First National Financial Tit
Mcgee Jessica -- First National Financial Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wendel Alex $48,000
Previous Owner Jones Barbara $29,299
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2019 03/08/19 Sold $28,500 -14.9% $29 / Sq Ft
02/14/2019 02/14/19 For Sale $33,500 -- $34 / 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 $495 $22,125 $1,900 $20,225
2024 $495 $14,600 $1,375 $13,225
2023 $889 $14,600 $1,375 $13,225
2022 $889 $14,600 $1,375 $13,225
2021 $900 $14,600 $1,375 $13,225
2020 $658 $9,075 $1,375 $7,700
2019 $290 $9,075 $1,375 $7,700
2018 $290 $9,075 $1,375 $7,700
2017 $297 $9,075 $1,375 $7,700
2016 $422 $9,650 $0 $0
2014 $422 $9,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Hunter

    Seller's Agent in 2019

    Jason Hunter

    Hunter Management, LLC

    (901) 315-8288

    1 in this area

    36 Total Sales

    Jason Hunter
    Section Image
  • Elizabeth Glosson

    Buyer's Agent in 2019

    Elizabeth Glosson

    Fast Track Realty, LLC

    (901) 336-8103

    1 in this area

    126 Total Sales

    Elizabeth Glosson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10046409

Memphis Area Association of REALTORS®

APN: 07-5041-0-0003

Tennessee Shelby County Memphis 38109 Westwood

3307 Formosa Rd, Memphis, TN

This home is located at 3307 Formosa Rd, Memphis, TN 38109 since 14 February 2019 and is currently estimated at $93,621, approximately $78 per square foot. This property was built in 1950. 3307 Formosa Rd is a home located in Shelby County with nearby schools including Ford Road Elementary School, Chickasaw Middle School, and Mitchell High School.

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