NOT LISTED FOR SALE

3724 Tessland Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $117,000 - $126,000

3 Beds
1.5 Baths
1,166 Sq Ft
$105/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $115,000 $99 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $696/month

31 Days on Market

Highlights

  • Traditional Architecture
  • Cooling Available
  • Central Heating
  • No HOA
  • Patio
  • Carpet

About This Home

As of July 2022

INVESTORS ONLY!! DO NOT DISTURB TENANT. SFH Rented for $850/month, managed by a Local Professional Management Company. Lease expires 2/28/2023. Tenant moved in 3/1/2017. Renovated in 2013 including brand new AC, brand new roof, furnace and A-coil. Maintenance report and tenant ledger available upon request. Showings only with accepted offer.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $940

Year Built

  • Built in 1967

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 79x125

Parking

  • Parking Pad

Home Design

  • Traditional Architecture

Interior Spaces

  • Property has 3 Levels
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Patio

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • Nam Ni Estates Re Blk A 4 Subdivision

Listing and Financial Details

  • Tax Lot 331
  • Assessor Parcel Number 090050 00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$940

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1967
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Pad

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size: 79X125
  • Lot Size Units: Acres
  • Parcel #: 090050 00013
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 940
  • Tax Lot: 331

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Jul 13, 2022
Sold by
Fivemac Properties Llc
Bought by
Peace & Prosperity Homes Llc
List Price
$119,900
Sold Price
$115,000
Premium/Discount to List
-$4,900
-4.09%
Current Estimated Value
$122,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,785
Avg. Annual Appreciation
2.02%
Original Mortgage
$89,925
Outstanding Balance
$85,553
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$37,232

Purchase Details

Closed on
Sep 27, 2018
Sold by
Equity Trust Company Custodian Fbo
Bought by
Fivemac Properties Llc

Purchase Details

Closed on
Jul 25, 2018
Sold by
American Estate & Trust Llc
Bought by
Equity Trust Company

Purchase Details

Listed on
May 10, 2013
Closed on
Jun 6, 2013
Sold by
Federal National Mortgage Association
Bought by
Mid South Homebuyers Inc
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Kenneth Tate
Tate Realty and Construction
List Price
$26,500
Sold Price
$26,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.21%

Purchase Details

Listed on
May 10, 2013
Closed on
Apr 29, 2013
Sold by
Simns Sam M
Bought by
Federal National Mortgage Association
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Kenneth Tate
Tate Realty and Construction
List Price
$26,500
Sold Price
$26,500
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
Peace & Prosperity Homes Llc $115,000 Griffin Clift Everton And Masc
Fivemac Properties Llc $69,000 Saddle Creek Title Llc
Equity Trust Company -- Saddle Creek Title Llc
Mid South Homebuyers Inc $26,500 None Available
Federal National Mortgage Association $54,999 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peace & Prosperity Homes Llc $89,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2022 07/14/22 Sold $115,000 -4.1% $99 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $119,900 +352.5% $103 / Sq Ft
06/10/2013 06/10/13 Sold $26,500 0.0% $27 / Sq Ft View Prior Sale
05/28/2013 05/28/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $26,500 -- $27 / 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 $566 $31,250 $2,875 $28,375
2024 $566 $16,700 $2,250 $14,450
2023 $1,017 $16,700 $2,250 $14,450
2022 $1,017 $16,700 $2,250 $14,450
2021 $1,029 $16,700 $2,250 $14,450
2020 $940 $12,975 $2,250 $10,725
2019 $415 $12,975 $2,250 $10,725
2018 $415 $12,975 $2,250 $10,725
2017 $424 $12,975 $2,250 $10,725
2016 $564 $12,900 $0 $0
2014 $564 $12,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    2 in this area

    37 Total Sales

    Carol Tate
    Section Image

  • K

    Buyer's Agent in 2013

    Kenneth Tate

    Tate Realty and Construction

See All Agents

Map

Source: Realtracs

MLS Number: 3022551

Realtracs

APN: 09-0050-0-0013

Tennessee Shelby County Memphis 38128 Raleigh

3724 Tessland Rd, Memphis, TN

This home is located at 3724 Tessland Rd, Memphis, TN 38128 since 13 June 2022 and is currently estimated at $122,785, approximately $105 per square foot. This property was built in 1967. 3724 Tessland Rd is a home located in Shelby County with nearby schools including Egypt Elementary School, Raleigh Egypt High School, and Promise Academy - Spring Hill.

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