NOT LISTED FOR SALE

3328 Formosa Rd Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $89,270

3 Beds
1 Bath
1,400-1,599 Sq Ft
$56/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2016

Last sale price $15,500 $10 Per Sq Ft

Est. 476% increase in value since last sale

Current estimated payment $546 / mo

81 Days on Market

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System
  • Separate Formal Living Room
  • Porch
  • Level Lot

About This Home

As of May 2016

This is a great investment opportunity. The property is occcupied by the tenant. Tenant cannot be disturbed. Make all offers contingent upon buyer viewing the property.

Last Agent to Sell the Property

Amirio Armour

Armour and Associates Realty L License #334416 Listed on: 02/11/2016

Last Buyer's Agent

Amirio Armour

Armour and Associates Realty L License #334416 Listed on: 02/11/2016

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,160 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • George W Lee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075042 00016

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: GEORGE W LEE
  • List Price Per Sq Ft: 15
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1160
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 136
  • Acreage: 0.16
  • Lot Size: 0.16 acre

Tax Info

  • Assessor Parcel Number: 075042 00016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2016
Closed on
May 20, 2016
Sold by
Cloyd Christopher Hansen and Cloyd Gwyneth D
Bought by
Seller's Agent
Amirio Armour
Armour and Associates Realty L
Buyer's Agent
Amirio Armour
Armour and Associates Realty L
List Price
$17,500
Sold Price
$15,500
Premium/Discount to List
-$2,000
-11.43%
Current Estimated Value
$89,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,770
Avg. Annual Appreciation
18.43%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Westwood, TN

  • Michael Ford Real Estate Agent - Coldwell Banker Heritage Homes

    Michael Ford

    Responds Quickly

    Coldwell Banker Heritage Homes

    (870) 771-3325

    137 Total Sales

    1 in Westwood

    $165,000 Price

    Michael Ford
     Section Image
  • Frances Anderson Real Estate Agent - Crye-Leike, Inc., REALTORS

    Frances Anderson

    Crye-Leike, Inc., REALTORS

    (901) 979-5033

    135 Total Sales

    4 in Westwood

    $37K - $165K Price Range

    Frances Anderson
     Section Image
  • Scott Carrier Real Estate Agent - Keller Williams

    Scott Carrier

    Keller Williams

    (901) 979-1956

    141 Total Sales

    1 in Westwood

    $100,000 Price

    Scott Carrier
     Section Image
  • Tara Woodley Real Estate Agent - Zach Taylor Real Estate

    Tara Woodley

    Zach Taylor Real Estate

    (901) 437-5536

    84 Total Sales

    11 in Westwood

    $12K - $159K Price Range

    Tara Woodley
     Section Image
  • William Mitchell Real Estate Agent - Crye-Leike Of TN-Southeast

    William Mitchell

    Crye-Leike Of TN-Southeast

    (901) 410-0933

    41 Total Sales

    4 in Westwood

    $28K - $250K Price Range

    William Mitchell
     Section Image
  • Lisa Cox Real Estate Agent - Groome & Co.

    Lisa Cox

    Groome & Co.

    (901) 422-9448

    128 Total Sales

    1 in Westwood

    $12,000 Price

    Lisa Cox
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$15,500 Tri State Title & Escrow Inc
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/20/2016 05/20/16 Sold $15,500 -11.4% $11 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $17,500 -- $13 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $505 $18,775 $1,750 $17,025
2024 $359 $10,600 $1,250 $9,350
2023 $646 $10,600 $1,250 $9,350
2022 $646 $10,600 $1,250 $9,350
2021 $653 $10,600 $1,250 $9,350
2020 $670 $9,250 $1,250 $8,000
2019 $670 $9,250 $1,250 $8,000
2018 $670 $9,250 $1,250 $8,000
2017 $380 $9,250 $1,250 $8,000
2016 $430 $9,850 $0 $0
2014 $430 $9,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amirio Armour Real Estate Agent - Armour and Associates Realty L

    Seller's Agent in 2016

    Amirio Armour

    Armour and Associates Realty L

    (901) 484-1135

    1 in this area

    42 Total Sales

    Amirio Armour
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9970310

Memphis Area Association of REALTORS®

APN: 07-5042-0-0016

Tennessee Shelby County Memphis 38109 Westwood

3328 Formosa Rd, Memphis, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.