3532 Powers Rd Memphis, TN 38128
Raleigh NeighborhoodEstimated Value: $196,000 - $216,000
5
Beds
2.5
Baths
2,400-2,599
Sq Ft
$78/Sq Ft
Est. Value
Highlights
- Updated Kitchen
- Main Floor Primary Bedroom
- Some Wood Windows
- Traditional Architecture
- 1 Fireplace
- Living Room
About This Home
As of November 2019Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1,195 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
Reedy & Company, REALTORS License #15602 Listed on: 09/11/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,260
Year Built
- Built in 1962
Lot Details
- 0.34 Acre Lot
- Few Trees
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 2,400-2,599 Sq Ft Home
- 2,502 Sq Ft Home
- 1.5-Story Property
- 1 Fireplace
- Some Wood Windows
- Living Room
- Dining Room
- Iron Doors
- Updated Kitchen
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
- Primary Bedroom on Main
Parking
- 2 Car Garage
- Garage Door Opener
Utilities
- Central Heating and Cooling System
Community Details
- Broadmoor Park Blk C 1 Subdivision
Listing and Financial Details
- Assessor Parcel Number 086015 00016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2019
Closed on
Nov 25, 2019
Sold by
Memphis Investment Properties Ii Llc
Bought by
Chin Dixon and Chin Jason
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$129,900
Sold Price
$129,900
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,862
Avg. Annual Appreciation
8.19%
Original Mortgage
$97,425
Outstanding Balance
$86,447
Interest Rate
3.6%
Estimated Equity
$114,906
Purchase Details
Closed on
Aug 27, 2019
Sold by
Reed Letha G
Bought by
Memphis Investment Properties 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
$100,000
Interest Rate
3.8%
Mortgage Type
Construction
Similar Homes in Memphis, TN
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chin Dixon | $129,900 | Delta Title Services Llc | |
| Memphis Investment Properties Ii Llc | $62,500 | Delta Title Services Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chin Dixon | $97,425 | |
| Previous Owner | Memphis Investment Properties Ii Llc | $100,000 | |
| Previous Owner | Reed Randall G | $9,949 | |
| Previous Owner | Reed Randall G | $5,909 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/26/2019 11/26/19 | Sold | $129,900 | 0.0% | $54 / Sq Ft |
| 09/11/2019 09/11/19 | Pending | -- | -- | -- |
| 09/11/2019 09/11/19 | For Sale | $129,900 | -- | $54 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $1,260 | $50,625 | $3,250 | $47,375 |
| 2024 | $1,260 | $37,175 | $2,900 | $34,275 |
| 2023 | $2,265 | $37,175 | $2,900 | $34,275 |
| 2022 | $2,265 | $37,175 | $2,900 | $34,275 |
| 2021 | $1,283 | $37,175 | $2,900 | $34,275 |
| 2020 | $1,735 | $23,950 | $2,900 | $21,050 |
| 2019 | $765 | $23,950 | $2,900 | $21,050 |
| 2018 | $765 | $23,950 | $2,900 | $21,050 |
| 2017 | $784 | $23,950 | $2,900 | $21,050 |
| 2016 | $1,027 | $23,500 | $0 | $0 |
| 2014 | $1,027 | $23,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Reedy
Seller's Agent in 2019
Jim Reedy
Reedy & Company, REALTORS
(901) 842-0805
31 in this area
465 Total Sales
-
Bradley Reedy
B
Buyer's Agent in 2019
Bradley Reedy
Reedy & Company, REALTORS
(901) 842-0805
31 in this area
483 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10061706
APN: 08-6015-0-0016
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