NOT LISTED FOR SALE

3359 Spring Water Cove Memphis, TN 38128

Frayser Neighborhood

Estimated Value: $99,000 - $127,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$96/Sq Ft Est. Value

Last Sold November 04, 2020

Last sale price $74,900 $62 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $657/month

Highlights

  • Updated Kitchen
  • Some Wood Windows
  • 1-Story Property
  • Traditional Architecture
  • Central Heating and Cooling System

About This Home

As of November 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $725 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: 08/15/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $597

Year Built

  • Built in 1978

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35x118
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,045 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Laminate Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • Spring Valley Blk B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090005 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$597

Year Built

Built in 1978

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 BLK B
  • List Price Per Sq Ft: 72
  • Number Of Stories: 1
  • Price Per Sq Ft: 71.67
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1045
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Master Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 163
  • Acreage: 0.09
  • Lot Size: 35X118
  • Price Per Acre: 832222

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 090005 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2020
Closed on
Oct 29, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
Billingslea Claretha
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$74,900
Sold Price
$74,900
Current Estimated Value
$114,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,018
Avg. Annual Appreciation
9.01%
Original Mortgage
$59,920
Outstanding Balance
$53,416
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$61,502

Purchase Details

Closed on
Aug 7, 2020
Sold by
A & R Real Estate Llc
Bought by
Memphis Inivestment Propeties 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
$60,000
Interest Rate
3%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 10, 2019
Sold by
Ashley Homes Llc
Bought by
A & R Real Estate Llc

Purchase Details

Closed on
Mar 3, 2010
Sold by
Fairway Capital Partners Llc
Bought by
Phillips Barbera & Company Inc

Purchase Details

Closed on
Sep 29, 2000
Sold by
Southmark Capital Llc
Bought by
Boone Jeffrey M and Boone Richard B

Purchase Details

Closed on
Apr 15, 1999
Sold by
Brookfield Properties Inc
Bought by
Southmark Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,000
Interest Rate
7%

Purchase Details

Closed on
Nov 20, 1998
Sold by
Ford Natalie E
Bought by
Hud
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
Billingslea Claretha $74,900 Delta Title Services Llc
Memphis Inivestment Propeties Ii Llc $30,714 None Available
A & R Real Estate Llc $1,112,061 Fidelity Natl Title Ins Co
Phillips Barbera & Company Inc $23,000 Stewart Title Of Memphis Inc
Boone Jeffrey M -- --
Southmark Capital Inc $29,755 --
Hud $39,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Billingslea Claretha $59,920
Previous Owner Memphis Inivestment Propeties Ii Llc $60,000
Previous Owner Southmark Capital Inc $29,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2020 11/04/20 Sold $74,900 0.0% $75 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $74,900 -- $75 / 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 $597 $25,350 $2,625 $22,725
2024 $597 $17,625 $2,400 $15,225
2023 $1,074 $17,625 $2,400 $15,225
2022 $1,074 $17,625 $2,400 $15,225
2021 $1,086 $17,625 $2,400 $15,225
2020 $833 $11,500 $2,400 $9,100
2019 $368 $11,500 $2,400 $9,100
2018 $368 $11,500 $2,400 $9,100
2017 $376 $11,500 $2,400 $9,100
2016 $469 $10,725 $0 $0
2014 $469 $10,725 $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

    72 in this area

    405 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    71 in this area

    422 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10082954

Memphis Area Association of REALTORS®

APN: 09-0005-0-0016

Tennessee Shelby County Memphis 38128 Frayser

3359 Spring Water Cove, Memphis, TN

This home is located at 3359 Spring Water Cove, Memphis, TN 38128 since 15 August 2020 and is currently estimated at $114,918, approximately $95 per square foot. This property was built in 1978. 3359 Spring Water Cove is a home located in Shelby County with nearby schools including Keystone Elementary School, Raleigh Egypt High School, and Promise Academy - Spring Hill.

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