NOT LISTED FOR SALE

Estimated Value: $118,000 - $158,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$98/Sq Ft Est. Value

Last Sold April 09, 2020

Last sale price $74,000 $53 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $810/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Attic
  • Bonus Room
  • Wood Flooring
  • Separate Formal Living Room
  • Sun or Florida Room

About This Home

As of April 2020

Wonderful Opportunity for an owner occupant or investor looking for a great income producing property~Brand New Roof~Newer HVAC still under warranty~Beautiful Hardwood Floors Throughout~3 Bedrooms and Two Full Bathrooms~ 3rd bedroom is being used as a den - can be converted back into a bedroom~Large Sunroom~Storage Building/Workshop~Fresh Paint~Nice Yard~and MUCH MORE!

Last Agent to Sell the Property

Allison Pierce

KAIZEN Realty, LLC License #325651 Listed on: 03/03/2020

KAIZEN Realty, LLC

Last Buyer's Agent

Charles Grimes

KAIZEN Realty, LLC License #265553

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $643

Year Built

  • Built in 1958

Lot Details

  • 0.28 Acre Lot
  • Dog Run
  • Wood Fence
  • Chain Link Fence
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,288 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Window Treatments
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Bonus Room
  • Sun or Florida Room
  • Screened Porch
  • Storage Room
  • Washer and Dryer Hookup
  • Oven or Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Home Security

  • Fire and Smoke Detector
  • Iron Doors

Parking

  • 2 Car Attached Garage
  • Carport
  • Workshop in Garage
  • Driveway

Outdoor Features

  • Patio
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Raines Terrace Re Subdivision

Listing and Financial Details

  • Assessor Parcel Number 076040 00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$643

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 767A
  • MAAR Subdivision Name: RAINES TERRACE
  • List Price Per Sq Ft: 55
  • Number Of Stories: 1
  • Price Per Sq Ft: 57.45
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1288
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Sun Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout, Part Hardwood, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Cable Wired, Cable Available
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Pantry, W/D Connection in Kitchen
  • Misc Interior: All Window Treatments, Pull Down Attic Stairs, Attic Access, Smoke Detector(s)
  • Other Rooms: Sun Room, Bonus Room, Attic, Storage Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Storage Building, Screen Porch, Patio, Covered Patio, Wood Fence, Chain Fence, Storage, Pet Area, Workshop
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Driveway/Pad, Storage Room(s), Workshop(s)

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Security: Smoke Detector(s), Iron Door(s), Dead Bolt Lock(s)
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Wood Fenced, Chain Fenced
  • Lot Number: 53
  • Acreage: 0.28
  • Lot Size: .28
  • Price Per Acre: 253571

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 076040 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2020
Closed on
Apr 16, 2020
Sold by
Thompson Wayne and Thompson Todd Daniel
Bought by
Collins Telisa
Seller's Agent
Allison Pierce
KAIZEN Realty, LLC
Buyer's Agent
Charles Grimes
KAIZEN Realty, LLC
List Price
$71,000
Sold Price
$74,000
Premium/Discount to List
$3,000
4.23%
Current Estimated Value
$142,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,338
Avg. Annual Appreciation
13.11%
Original Mortgage
$72,500
Outstanding Balance
$64,665
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$78,184

Purchase Details

Listed on
Mar 3, 2020
Closed on
Apr 13, 2020
Sold by
Thompson Troy Wayne and Thompson Todd Daniel
Bought by
Collins Telisa
Seller's Agent
Allison Pierce
KAIZEN Realty, LLC
Buyer's Agent
Charles Grimes
KAIZEN Realty, LLC
List Price
$71,000
Sold Price
$74,000
Premium/Discount to List
$3,000
4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Outstanding Balance
$64,665
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$78,184

Purchase Details

Closed on
Jul 25, 2019
Sold by
Thompson James Ronald and Thompson Barbara P
Bought by
Thompson Irrevocable Trust

Purchase Details

Closed on
Sep 16, 2011
Sold by
Thompson James Ronald and Thompson James R
Bought by
Thompson James Ronald and Thompson Barbara P
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
Collins Telisa $74,000 Home Surety Title & Escrow
Collins Telisa -- Home Surety T&E Llc
Collins Telisa -- Home Surety T&E Llc
Collins Telisa -- Home Surety T&E Llc
Thompson Irrevocable Trust -- None Available
Thompson James Ronald -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Telisa $72,500
Closed Collins Telisa $7,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2020 04/09/20 Sold $74,000 +4.2% $62 / Sq Ft
03/05/2020 03/05/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $71,000 -- $59 / 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 $643 $28,850 $4,625 $24,225
2024 $643 $18,975 $3,350 $15,625
2023 $1,156 $18,975 $3,350 $15,625
2022 $1,156 $18,975 $3,350 $15,625
2021 $515 $18,975 $3,350 $15,625
2020 $1,216 $16,775 $3,350 $13,425
2019 $536 $16,775 $3,350 $13,425
2018 $536 $16,775 $3,350 $13,425
2017 $549 $16,775 $3,350 $13,425
2016 $704 $16,100 $0 $0
2014 $704 $16,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10072039

Memphis Area Association of REALTORS®

APN: 07-6040-0-0011