NOT LISTED FOR SALE

3550 Monessen Dr Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $133,000 - $164,000

4 Beds
1.5 Baths
1,400-1,599 Sq Ft
$94/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $30,000 $19 Per Sq Ft

Est. 399% increase in value since last sale

Current estimated payment $858/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Some Wood Windows
  • Attic
  • Corner Lot
  • Laundry closet

About This Home

As of March 2015

Great investment opportunity in Raleigh! Home is ready for renovations. Bank willing to finance qualified borrowers.

Last Agent to Sell the Property

Jermaine Franklin

The Peyton Co., Inc., REALTORS License #327133 Listed on: 03/03/2015

Last Buyer's Agent

Stephen Akindona

Kairos Realty License #329215

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $804

Year Built

  • Built in 1963

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 84x145
  • Wood Fence
  • Corner Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,527 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Attic Access Panel
  • Iron Doors

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • Workshop in Garage
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Raleigh Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 086037 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$804

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 732C
  • MAAR Subdivision Name: RALEIGH HILLS
  • List Price Per Sq Ft: 25
  • Number Of Stories: 1
  • Price Per Sq Ft: 19.65
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1527
  • Year Built: 1963
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Split Bedroom Plan
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedroom 4 Description: Level 1
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Pantry, Washer/Dryer Connections
  • Misc Interior: Attic Access
  • Other Rooms: Laundry Closet, Attic
  • Total Bathrooms: 1.1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Half Bath

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad, Workshop(s)

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Electric Water Heater

Lot Info

  • Lot Description: Corner, Wood Fenced
  • Lot Number: 52
  • Acreage: 0.28
  • Lot Size: 84x145
  • Price Per Acre: 135357

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 086037 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2019
Sold by
Akindona Oluwaseyi Stephen and Akindona Eunice
Bought by
Akindona S S and Akindona L E
Current Estimated Value
$149,717

Purchase Details

Listed on
Mar 3, 2015
Closed on
Mar 31, 2015
Sold by
Clayton Bank And Trust
Bought by
Akindona Eunice
Seller's Agent
Jermaine Franklin
The Peyton Co., Inc., REALTORS
Buyer's Agent
Stephen Akindona
Kairos Realty
List Price
$37,900
Sold Price
$30,000
Premium/Discount to List
-$7,900
-20.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.44%
Original Mortgage
$55,000
Outstanding Balance
$42,539
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$107,178

Purchase Details

Closed on
Apr 8, 2014
Sold by
Muhammad Edward
Bought by
Clayton Bank And Trust

Purchase Details

Closed on
Mar 17, 2005
Sold by
Wachovia Bank Na
Bought by
Muhammad Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,400
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2005
Sold by
Anderson David R
Bought by
Wachovia Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,400
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 1999
Sold by
Bell Pamela R A and Bell Gary D
Bought by
Anderson David R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,212
Interest Rate
7.27%
Mortgage Type
FHA
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
Akindona S S -- None Available
Akindona Oluwaseyi Stephen -- None Available
Akindona Eunice $30,000 None Available
Clayton Bank And Trust $40,000 None Available
Muhammad Edward $48,500 --
Wachovia Bank Na $51,765 --
Anderson David R $71,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akindona Eunice $55,000
Previous Owner Muhammad Edward $66,400
Previous Owner Anderson David R $71,212
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $30,000 -20.8% $21 / Sq Ft
03/04/2015 03/04/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $37,900 -- $27 / 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 $804 $32,025 $3,750 $28,275
2024 $804 $23,725 $2,900 $20,825
2023 $1,445 $23,725 $2,900 $20,825
2022 $1,445 $23,725 $2,900 $20,825
2021 $819 $23,725 $2,900 $20,825
2020 $1,031 $14,225 $2,900 $11,325
2019 $455 $14,225 $2,900 $11,325
2018 $455 $14,225 $2,900 $11,325
2017 $465 $14,225 $2,900 $11,325
2016 $605 $13,850 $0 $0
2014 $605 $13,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jermaine Franklin

    The Peyton Co., Inc., REALTORS

  • Stephen Akindona

    Buyer's Agent in 2015

    Stephen Akindona

    Kairos Realty

    (901) 486-6688

    5 in this area

    84 Total Sales

    Stephen Akindona
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9946416

Memphis Area Association of REALTORS®

APN: 08-6037-0-0003

Tennessee Shelby County Memphis 38128 Raleigh

3550 Monessen Dr, Memphis, TN

This home is located at 3550 Monessen Dr, Memphis, TN 38128 since 03 March 2015 and is currently estimated at $149,717, approximately $93 per square foot. This property was built in 1963. 3550 Monessen Dr is a home located in Shelby County with nearby schools including Scenic Hills Elementary School, Raleigh Egypt High School, and Coleman School.

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