NOT LISTED FOR SALE

3551 Lanette Rd Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $61,000 - $93,584

4 Beds
1.5 Baths
1,232 Sq Ft
$65/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $60,000 $49 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $447/month

152 Days on Market

Highlights

  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Property has 3 Levels
  • No HOA
  • Central Heating

About This Home

As of May 2024

4 bedrooms and 1 1/2 bathrooms (Tax data is incorrect). New Roof, New Window AC units, brand new floors installed Feb 2024, and new cabinets in kitchen. Move in Ready. Prefer to sell as a packed deal with 3579 Lanette Rd (MLS#10162929), and 1656 W Shelby Dr (MLS#10162924). Willing to separate properties if desired.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $617

Year Built

  • Built in 1957

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x159

Parking

  • Parking Pad

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 1,232 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Community Details

  • No Home Owners Association
  • Dr J E Walker Homes Subdivision

Listing and Financial Details

  • Tax Lot 188
  • Assessor Parcel Number 075085 00015

Home Details

Home Type

Single Family

Est. Annual Taxes

$617

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1957
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Other
  • Total Bedrooms: 4
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Building Area Units: Square Feet
  • Living Area: 1232
  • Living Area Units: Square Feet

Exterior Features

  • Foundation Details: Slab
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Pad

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size: 50X159
  • Lot Size Units: Acres
  • Parcel #: 075085 00015
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 617
  • Tax Lot: 188

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2023
Closed on
May 30, 2024
Sold by
Yai Real Estate Llc
Bought by
Memphis Re 4 Llc
List Price
$83,500
Sold Price
$60,000
Premium/Discount to List
-$23,500
-28.14%
Views
171
Current Estimated Value
$79,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,646
Avg. Annual Appreciation
22.25%

Purchase Details

Listed on
Dec 20, 2023
Closed on
May 16, 2024
Sold by
Hosny Rany
Bought by
Yai Real Estate Llc
List Price
$83,500
Sold Price
$60,000
Premium/Discount to List
-$23,500
-28.14%
Views
171

Purchase Details

Listed on
Apr 15, 2022
Closed on
Jul 27, 2022
Sold by
Nmdc Holdings Llc
Bought by
Hosny Rany
Seller's Agent
Felecia Magro
The Stamps Real Estate Company
Buyer's Agent
Laura Miller
Keller Williams
List Price
$66,500
Sold Price
$52,000
Premium/Discount to List
-$14,500
-21.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$41,600
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2007
Sold by
Gray Delora L
Bought by
Skefos James J
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
Memphis Re 4 Llc $86,415 Advocate Title & Escrow Servic
Yai Real Estate Llc $60,000 Home Surety Title & Escrow
Hosny Rany $52,000 Home Surety Title & Escrow
Skefos James J $22,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hosny Rany $41,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2024 05/20/24 Sold $60,000 -28.1% $49 / Sq Ft
05/20/2024 05/20/24 Pending -- -- --
12/20/2023 12/20/23 For Sale $83,500 +60.6% $68 / Sq Ft
07/28/2022 07/28/22 Sold $52,000 -21.8% $43 / Sq Ft View Prior Sale
05/24/2022 05/24/22 For Sale $66,500 0.0% $55 / Sq Ft
04/22/2022 04/22/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $66,500 +44.6% $55 / Sq Ft
11/04/2020 11/04/20 Sold $46,000 0.0% $37 / Sq Ft View Prior Sale
11/04/2020 11/04/20 Price Changed $46,000 -23.3% $37 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $60,000 -- $49 / Sq Ft
Source: Realtracs

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 $343 $22,425 $1,850 $20,575
2024 $343 $10,125 $1,325 $8,800
2023 $617 $10,125 $1,325 $8,800
2022 $617 $10,125 $1,325 $8,800
2021 $624 $10,125 $1,325 $8,800
2020 $663 $9,150 $1,325 $7,825
2019 $292 $9,150 $1,325 $7,825
2018 $292 $9,150 $1,325 $7,825
2017 $299 $9,150 $1,325 $7,825
2016 $426 $9,750 $0 $0
2014 $426 $9,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Felecia Magro

    Seller's Agent in 2022

    Felecia Magro

    The Stamps Real Estate Company

    (901) 283-9373

    2 in this area

    77 Total Sales

    Felecia Magro
    Section Image

  • L

    Buyer's Agent in 2022

    Laura Miller

    Keller Williams

    Section Image
  • Harry Samuels

    Seller's Agent in 2020

    Harry Samuels

    Pinnacle Realty

    (901) 486-2894

    4 in this area

    78 Total Sales

    Harry Samuels
    Section Image
  • Jeanette Lin

    Seller Co-Listing Agent in 2020

    Jeanette Lin

    Pinnacle Realty

    (901) 335-7447

    7 in this area

    242 Total Sales

    Jeanette Lin
    Section Image
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Map

Source: Realtracs

MLS Number: 3018541

Realtracs

APN: 07-5085-0-0015

Tennessee Shelby County Memphis 38109 Westwood

3551 Lanette Rd, Memphis, TN

This home is located at 3551 Lanette Rd, Memphis, TN 38109 since 20 December 2023 and is currently estimated at $79,646, approximately $64 per square foot. This property was built in 1957. 3551 Lanette Rd is a home located in Shelby County with nearby schools including Ford Road Elementary School, Chickasaw Middle School, and Mitchell High School.

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