NOT LISTED FOR SALE

3501 Banyan Ln Memphis, TN 38128

Estimated Value: $463,862 - $505,000

5 Beds
3 Baths
2,600-2,799 Sq Ft
$172/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $388,000 $139 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,801/month

19 Days on Market

Highlights

  • Vaulted Ceiling
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Bon Lin Elementary School Rated A
  • Wood Flooring
  • Whirlpool Bathtub

About This Home

As of February 2021

Gorgeous & Immaculate with the "WOW" factor! You'll love the two-story entry, gleaming hardwood floors, iron balcony, & lots of natural light! Enjoy surround sound & huge kitchen island for entertaining plus covered outdoor living area with a stunning fireplace. The luxurious master bath has a marvelous walk-through shower. See 5 bedrooms & 3 full baths AND "future" Man Cave...the sub floor is down & insulation to code, ready to finish. UPDATE- ALL OFFERS MUST BE IN BY 7pm tonight, Jan. 10th.

Last Agent to Sell the Property

Kelly Cruise Henderson

Weichert, REALTORS-BenchMark License #282983 Listed on: 12/22/2020

Weichert, REALTORS-BenchMark

Last Buyer's Agent

Tony Cai

eXp Realty, LLC License #333978

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017

Lot Details

  • Lot Dimensions are 125x100
  • Landscaped
  • Level Lot

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,600-2,799 Sq Ft Home
  • 2,746 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • 2 Fireplaces
  • Gas Log Fireplace
  • Double Pane Windows
  • Two Story Entrance Foyer
  • Great Room
  • Breakfast Room
  • Den
  • Loft
  • Bonus Room
  • Play Room
  • Home Security System
  • Laundry Room
  • Attic

Kitchen

  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Double Vanity
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Windsor Farms Subdivision
  • Mandatory home owners association
  • Planned Unit Development

Home Details

Home Type

Single Family

Year Built

Built in 2017

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: Windsor Farms
  • List Price Per Sq Ft: 137
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Planned Unit Development: Yes
  • Estimated Sq Ft: 2746
  • Year Built: 2017
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room, Breakfast Room
  • Second Story Floor Plan: 3rd Bedroom, 4th or More Bedrooms, 1 Bath, Bonus Room
  • Additional Bedroom Bathroom Info: Master Down, Vaulted/Coffered Master, Luxury Master Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 2600-2799
  • Bedroom 2 Description: Level 1, Walk-In Closet, Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Smooth Ceiling, Carpet
  • Bedroom 5 Description: Level 2, Walk-In Closet, Shared Bath, Carpet
  • Bedrooms: 5
  • Bedrooms Down: 2
  • Fireplace: Ventless Gas Fireplace, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Two Story Foyer
  • Full Bathrooms: 3
  • Equipment: Double Oven, Cooktop, Disposal, Dishwasher, Microwave, Cable Wired
  • Living Dining Kitchen: Great Room, Separate Breakfast Room, Pantry, Island In Kitchen
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Vaulted/Coffered Ceiling, Smooth Ceiling, Tile Floor
  • Master Bedroom: Level 1, Walk-In Closet, Full Bath, Vaulted/Coffered Ceiling, Smooth Ceiling, Tile Floor
  • Master Bedroom Dimensions: 16x14
  • Misc Interior: Walk-In Closet(s), Walk-In Attic, Cat/Dog Free House, Security System, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Room, Play Room, Loft/Balcony

Exterior Features

  • Misc Exterior: Covered Patio
  • Exterior Windows: Brick Veneer, Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Garage Door Opener(s), Side-Load Garage

Utilities

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

Association/Amenities

  • Annual Association Fee: 350
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Landscaped
  • Lot Size: 125x100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2020
Closed on
Feb 19, 2021
Sold by
Karn Colin Edward and Egashira Keiko
Bought by
Lin Xiu and Zheng Qin
Seller's Agent
Kelly Cruise Henderson
Weichert, REALTORS-BenchMark
Buyer's Agent
Tony Cai
eXp Realty, LLC
List Price
$376,000
Sold Price
$388,000
Premium/Discount to List
$12,000
3.19%
Current Estimated Value
$480,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,466
Avg. Annual Appreciation
4.56%
Original Mortgage
$300,000
Outstanding Balance
$268,317
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$212,149

Purchase Details

Listed on
Apr 1, 2017
Closed on
Apr 20, 2017
Sold by
Regency Homebuilders Llc
Bought by
Karn Colin E and Egashira Keiko
Seller's Agent
Crystol Faskell
BHHS Taliesyn Realty
Buyer's Agent
Crystol Faskell
BHHS Taliesyn Realty
List Price
$327,453
Sold Price
$327,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.51%
Original Mortgage
$261,962
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lin Xiu $388,000 Quality Title Group Llc
Karn Colin E $327,453 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Xiu $300,000
Previous Owner Karn Colin E $261,962
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2021 02/23/21 Sold $388,000 +3.2% $149 / Sq Ft
01/10/2021 01/10/21 Pending -- -- --
12/22/2020 12/22/20 For Sale $376,000 +14.8% $145 / Sq Ft
04/20/2017 04/20/17 Sold $327,453 0.0% $126 / Sq Ft View Prior Sale
04/19/2017 04/19/17 Pending -- -- --
04/01/2017 04/01/17 For Sale $327,453 -- $126 / 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 $2,943 $118,200 $23,100 $95,100
2024 $2,943 $86,800 $17,550 $69,250
2023 $4,444 $86,800 $17,550 $69,250
2022 $4,444 $86,800 $17,550 $69,250
2021 $3,515 $86,800 $17,550 $69,250
2020 $4,297 $73,075 $14,950 $58,125
2019 $5,291 $73,075 $14,950 $58,125
2018 $2,960 $73,075 $14,950 $58,125
2017 $1,106 $18,625 $14,950 $3,675
2016 $197 $4,500 $0 $0
2014 $197 $4,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kelly Cruise Henderson

    Weichert, REALTORS-BenchMark

    Section Image
  • Tony Cai

    Buyer's Agent in 2021

    Tony Cai

    eXp Realty, LLC

    (901) 674-1327

    19 in this area

    135 Total Sales

    Tony Cai
    Section Image

  • C

    Seller's Agent in 2017

    Crystol Faskell

    BHHS Taliesyn Realty

    (901) 466-4000

    Crystol Faskell
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10090780

Memphis Area Association of REALTORS®

APN: B0-158P-A0-0061

Tennessee Shelby County Memphis 38128

3501 Banyan Ln, Memphis, TN

Not Listed for Sale

Detached

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