NOT LISTED FOR SALE

3503 Mountain Terrace St Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $143,000 - $155,000

4 Beds
2 Baths
1,926 Sq Ft
$76/Sq Ft Est. Value

Last Sold December 13, 2013

Last sale price $19,250 $10 Per Sq Ft

Est. 660% increase in value since last sale

Current estimated payment $874/month

20 Days on Market

Highlights

  • Traditional Architecture
  • Den with Fireplace
  • Porch
  • Separate Formal Living Room
  • Some Wood Windows
  • Partially Carpeted

About This Home

As of December 2013

Spacious home with 4br/2ba. Good investment opportunity. Sold AS IS.

Last Agent to Sell the Property

Shorty Watkins

River Oaks, Inc. Listed on: 10/31/2013

Last Buyer's Agent

Robert Stone

Marathon REALTORS, LLC License #294886

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $929

Year Built

  • Built in 1962

Lot Details

  • 0.27 Acre Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,926 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Den with Fireplace
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Community Details

  • Northwood Manor Re Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072079 00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$929

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 725E
  • MAAR Subdivision Name: NORTHWOOD MANOR
  • Number Of Stories: 1
  • Price Per Sq Ft: 9.99
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1926
  • Year Built: 1962
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Fireplace: In Den/Great Room
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Den
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 20
  • Acreage: 0.27

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 072079 00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2013
Closed on
Dec 13, 2013
Sold by
Besson Robert
Bought by
Besson Ii Robert J
Seller's Agent
Shorty Watkins
River Oaks, Inc.
Buyer's Agent
Robert Stone
Marathon REALTORS, LLC
List Price
$19,950
Sold Price
$19,250
Premium/Discount to List
-$700
-3.51%
Current Estimated Value
$146,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,143
Avg. Annual Appreciation
18.73%

Purchase Details

Listed on
Oct 31, 2013
Closed on
Dec 3, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Beeson Robert
Seller's Agent
Shorty Watkins
River Oaks, Inc.
Buyer's Agent
Robert Stone
Marathon REALTORS, LLC
List Price
$19,950
Sold Price
$19,250
Premium/Discount to List
-$700
-3.51%

Purchase Details

Closed on
Sep 18, 2013
Sold by
Reedy Debra L
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 7, 2013
Sold by
County Of Shelby
Bought by
Earnest Teicher

Purchase Details

Closed on
Dec 30, 2009
Sold by
Tennessee Rehab Inc
Bought by
Tennessee Investment Rental Properties L

Purchase Details

Closed on
Apr 12, 2004
Sold by
Reedy Debra L
Bought by
Tennessee Rehab Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2004
Sold by
Tennessee Rehab Inc
Bought by
Reedy Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2002
Sold by
Wrister Andre D
Bought by
Hud

Purchase Details

Closed on
Dec 17, 1997
Sold by
Shelley Harold L and Shelley Connie B
Bought by
Wrister Andre D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,718
Interest Rate
7.23%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Besson Ii Robert J -- Saddle Creek Title Llc
Beeson Robert $19,250 None Available
Federal Home Loan Mortgage Corporation $21,600 None Available
Earnest Teicher $3,000 None Available
Tennessee Investment Rental Properties L -- None Available
Tennessee Rehab Inc -- --
Reedy Debra L -- --
Hud $66,449 --
Wrister Andre D $63,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reedy Debra L $56,250
Previous Owner Tennessee Rehab Inc $40,851
Previous Owner Wrister Andre D $63,718
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2013 12/13/13 Sold $19,250 -3.5% $10 / Sq Ft
11/20/2013 11/20/13 Pending -- -- --
10/31/2013 10/31/13 For Sale $19,950 -- $10 / 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 $929 $36,275 $2,625 $33,650
2024 $929 $27,400 $2,025 $25,375
2023 $1,669 $27,400 $2,025 $25,375
2022 $1,669 $27,400 $2,025 $25,375
2021 $1,689 $27,400 $2,025 $25,375
2020 $1,446 $19,950 $2,025 $17,925
2019 $1,446 $19,950 $2,025 $17,925
2018 $1,446 $19,950 $2,025 $17,925
2017 $820 $19,950 $2,025 $17,925
2016 $688 $15,750 $0 $0
2014 $688 $15,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Shorty Watkins

    River Oaks, Inc.

  • R

    Buyer's Agent in 2013

    Robert Stone

    Marathon REALTORS, LLC

    (901) 260-3141

    1 Total Sale

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3284625

Memphis Area Association of REALTORS®

APN: 07-2079-0-0006

Tennessee Shelby County Memphis 38127 Frayser

3503 Mountain Terrace St, Memphis, TN

This home is located at 3503 Mountain Terrace St, Memphis, TN 38127 since 31 October 2013 and is currently estimated at $146,102, approximately $75 per square foot. This property was built in 1962. 3503 Mountain Terrace St is a home located in Shelby County with nearby schools including Lucie E. Campbell Elementary School, Georgian Hills Junior High School, and Trezevant High School.

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