NOT LISTED FOR SALE

3851 Springfield Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $192,781 - $231,000

4 Beds
3 Baths
2,456 Sq Ft
$86/Sq Ft Est. Value

Sale Details

Date Sold: March 7, 2014

Last sale price $62,000 $25 Per Sq Ft

Est. 239% increase in value since last sale

Current estimated payment $1,227 / mo

95 Days on Market

Highlights

  • 0.47 Acre Lot
  • Wood Flooring
  • Separate Formal Living Room
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Great Room

About This Home

As of March 2014

Large home in Lakemont Gardens; has enclosed patio; fenced yard and front load garage; being sold as-is; commitment letter or source of funds required with all offers.

Last Agent to Sell the Property

Barry Less

Leco Realty, Inc. License #281548 Listed on: 10/29/2013

Last Buyer's Agent

Barry Less

Leco Realty, Inc. License #281548 Listed on: 10/29/2013

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962

Lot Details

  • 20,473 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 2,456 Sq Ft Home
  • 1.5-Story Property
  • Some Wood Windows
  • Aluminum Window Frames
  • Great Room
  • Separate Formal Living Room
  • Dining Room

Flooring

  • Wood
  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Parking

  • 2 Car Garage
  • Front Facing Garage

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems

Community Details

  • Jemison & Otte's Lakemont Gardens Subdivision
  • Mandatory Home Owners Association
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Assessor Parcel Number 086015 00063

Home Details

Home Type

Single Family

Year Built

Built in 1962

Lot Details

0.47 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: LAKEMONT GARDENS
  • Corporate Own: Yes
  • Freestanding: Yes
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2456
  • Year Built: 1962
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 4
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet, Vinyl Floor
  • Full Bathrooms: 3
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Great Room

Exterior Features

  • Misc Exterior: Covered Patio
  • Exterior Windows: Brick Veneer, Wood/Composition, Aluminum Window(s)

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central, Dual System
  • Heating: Central, Dual System

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 116
  • Acreage: 0.47
  • Lot Size: 113.82/105.85X181.7/188.43

Tax Info

  • Assessor Parcel Number: 086015 00063

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2014
Sold by
Gp Memphis Cashflow
Bought by
Simmeth Kay H
Current Estimated Value
$210,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,520
Outstanding Balance
$58,980
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$151,465

Purchase Details

Listed on
Oct 29, 2013
Closed on
Mar 6, 2014
Sold by
First Horizon Home Loans
Bought by
Gp Memphis Cash Flow
Seller's Agent
Barry Less
Leco Realty, Inc.
Buyer's Agent
Barry Less
Leco Realty, Inc.
List Price
$75,000
Sold Price
$62,000
Premium/Discount to List
-$13,000
-17.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.63%

Purchase Details

Closed on
Dec 20, 2007
Sold by
Steele Eva and Steele Eva
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Mar 21, 2000
Sold by
Mcmillin J D J and Mcmillin Lorraine D
Bought by
Steele John and Steele Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
8.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Simmeth Kay H $96,900 None Available
Gp Memphis Cash Flow $62,000 Title 365 Co
First Horizon Home Loans $590,500 None Available
Steele John $111,000 Southern Escrow Title Compan
Steele John $111,000 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simmeth Kay H $77,520
Previous Owner Steele John $115,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2014 03/07/14 Sold $62,000 -17.3% $25 / Sq Ft
02/01/2014 02/01/14 Pending -- -- --
10/29/2013 10/29/13 For Sale $75,000 -- $31 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $1,231 $47,200 $6,625 $40,575
2024 $1,231 $36,325 $6,200 $30,125
2023 $2,213 $36,325 $6,200 $30,125
2022 $2,213 $36,325 $6,200 $30,125
2021 $2,239 $36,325 $6,200 $30,125
2020 $1,802 $24,875 $6,200 $18,675
2019 $1,802 $24,875 $6,200 $18,675
2018 $1,802 $24,875 $6,200 $18,675
2017 $1,022 $24,875 $6,200 $18,675
2016 $1,063 $24,325 $0 $0
2014 $1,063 $24,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barry Less

    Seller's Agent in 2014

    Barry Less

    Leco Realty, Inc.

    (901) 461-0046

    2 in this area

    154 Total Sales

    Barry Less
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3284458

Memphis Area Association of REALTORS®

APN: 08-6015-0-0063

Tennessee Shelby County Memphis 38128 Raleigh

3851 Springfield Rd, Memphis, TN

Not Listed for Sale

Detached

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