NOT LISTED FOR SALE

345 Mcfarland Dr Memphis, TN 38109

Whitehaven Neighborhood

Estimated Value: $136,000 - $150,104

3 Beds
2 Baths
1,400-1,599 Sq Ft
$90/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $139,000 $87 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $916/month

Highlights

  • Updated Kitchen
  • Some Wood Windows
  • Central Heating and Cooling System
  • Traditional Architecture
  • Living Room
  • Dining Room

About This Home

As of November 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1095 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: 11/02/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 65x171
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,426 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Living Room
  • Dining Room
  • Laminate Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Lakeview Gardens Section H Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075252 00083

Home Details

Home Type

Single Family

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 #: 766B
  • MAAR Subdivision Name: LAKEVIEW GARDENS SECTION H
  • List Price Per Sq Ft: 97
  • Number Of Stories: 1
  • Price Per Sq Ft: 97.48
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1426
  • 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, 2 or More Baths
  • 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
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 2
  • 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: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 11
  • Acreage: 0.25
  • Lot Size: 65X171
  • Price Per Acre: 556000

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 075252 00083

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2022
Closed on
Nov 18, 2022
Sold by
Memphis Inv Properties Iii Llc
Bought by
Sakina Investment Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$139,000
Sold Price
$139,000
Views
2
Current Estimated Value
$144,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,526
Avg. Annual Appreciation
1.36%

Purchase Details

Listed on
Jan 20, 2022
Closed on
Jun 14, 2022
Sold by
Florence-Hopkins Karen R
Bought by
Memphis Investment Properties Iii Llc
Seller's Agent
Jo Mathes
Pinnacle Realty
Buyer's Agent
Jo Mathes
Pinnacle Realty
List Price
$96,000
Sold Price
$96,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
136.50%
Original Mortgage
$133,000
Interest Rate
5.25%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Sakina Investment Llc $139,000 Delta Title Services
Memphis Investment Properties Iii Llc $96,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Memphis Investment Properties Iii Llc $133,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/18/2022 11/18/22 Sold $139,000 0.0% $99 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $139,000 +44.8% $99 / Sq Ft
06/14/2022 06/14/22 Sold $96,000 0.0% $69 / Sq Ft View Prior Sale
02/26/2022 02/26/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $96,000 -- $69 / 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 -- $41,100 $2,575 $38,525
2024 -- $28,850 $1,825 $27,025
2023 $1,757 $28,850 $1,825 $27,025
2022 $1,033 $16,950 $1,825 $15,125
2021 $1,227 $16,950 $1,825 $15,125
2020 $1,002 $13,825 $1,825 $12,000
2019 $442 $13,825 $1,825 $12,000
2018 $442 $13,825 $1,825 $12,000
2017 $452 $13,825 $1,825 $12,000
2016 $662 $15,150 $0 $0
2014 $662 $15,150 $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

    43 in this area

    414 Total Sales

    Jim Reedy
    Section Image
  • Jo Mathes

    Seller's Agent in 2022

    Jo Mathes

    Pinnacle Realty

    (901) 490-0092

    6 in this area

    89 Total Sales

    Jo Mathes
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    45 in this area

    431 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10136952

Memphis Area Association of REALTORS®

APN: 07-5252-0-0083

Tennessee Shelby County Memphis 38109 Whitehaven

345 Mcfarland Dr, Memphis, TN

This home is located at 345 Mcfarland Dr, Memphis, TN 38109 since 02 November 2022 and is currently estimated at $144,526, approximately $90 per square foot. This property was built in 1967. 345 Mcfarland Dr is a home located in Shelby County with nearby schools including Geeter School, Freedom Preparatory Academy Charter Elementary School - Westwood Campus, and Freedom Preparatory Academy Westwood Elementary at Parkrose.

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