NOT LISTED FOR SALE

3871 Tessland Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $119,000 - $136,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$89/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $60,000 $43 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $697/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Central Heating and Cooling System
  • Some Wood Windows
  • Tile Flooring
  • Wood Fence

About This Home

As of May 2023

Investment

Last Agent to Sell the Property

Jo Mathes

Pinnacle Realty License #272839 Listed on: 05/12/2023

Last Buyer's Agent

Jo Mathes

Pinnacle Realty License #272839 Listed on: 05/12/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $556

Year Built

  • Built in 1963

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 68x125
  • Wood Fence
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,272 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Some Wood Windows
  • Living Room
  • Iron Doors
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Gas Water Heater

Community Details

  • Nam Ni Estates Blk A 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090037 00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$556

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 #: 731B
  • MAAR Subdivision Name: NAM NI ESTATES BLK A-1
  • List Price Per Sq Ft: 47
  • Number Of Stories: 1
  • Price Per Sq Ft: 47.17
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1272
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Carpet
  • Bedroom 3 Description: Level 1, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Textured Ceiling
  • Full Bathrooms: 1
  • Living Dining Kitchen: Pantry, Washer/Dryer Connections
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Carpet

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Wood Fenced
  • Lot Number: 11
  • Acreage: 0.19
  • Lot Size: 68X125
  • Price Per Acre: 315789

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 090037 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2025
Sold by
Mdm Investments Of Memphis Llc
Bought by
Mdm Investments Of Memphis Llc
Current Estimated Value
$124,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$753,600
Outstanding Balance
$753,600
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
-$629,346

Purchase Details

Listed on
May 12, 2023
Closed on
May 25, 2023
Sold by
Sunderland Inc
Bought by
Mdm Investments Of Memphis Llc
Seller's Agent
Jo Mathes
Pinnacle Realty
Buyer's Agent
Jo Mathes
Pinnacle Realty
List Price
$60,000
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.10%

Purchase Details

Listed on
May 12, 2023
Closed on
May 24, 2023
Sold by
Torpoco Antonio
Bought by
Sunderland Inc
Seller's Agent
Jo Mathes
Pinnacle Realty
Buyer's Agent
Jo Mathes
Pinnacle Realty
List Price
$60,000
Sold Price
$60,000

Purchase Details

Closed on
Dec 3, 2013
Sold by
Torpoco Antonio
Bought by
Sunderland Inc

Purchase Details

Closed on
Nov 27, 2013
Sold by
Rhonda Mcelwee
Bought by
Rhonda Antonio

Purchase Details

Closed on
Apr 9, 2013
Sold by
Residential Fund Manager 321 Llc
Bought by
New Castle Property Group Llc

Purchase Details

Closed on
Jan 3, 2011
Sold by
Mcelwee Rhonda
Bought by
Residential Fund Manager 321 Llc

Purchase Details

Closed on
Dec 13, 2004
Sold by
Baier Joseph L
Bought by
Mcelwee Rhonda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,710
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2003
Sold by
Tennessee Housing Development Agency
Bought by
Hud

Purchase Details

Closed on
Jan 9, 2003
Sold by
Johnson Gregory B
Bought by
Tennessee Housing Development Agency

Purchase Details

Closed on
Aug 6, 1996
Sold by
Maness Henry
Bought by
Johnson Gregory B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,350
Interest Rate
8.24%
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
Mdm Investments Of Memphis Llc -- Excel Title & Escrow
Mdm Investments Of Memphis Llc $60,000 Baymark Title
Sunderland Inc -- Baymark Title & Escrow Service
Sunderland Inc -- None Available
Rhonda Antonio $7,600 None Available
New Castle Property Group Llc -- None Available
Residential Fund Manager 321 Llc $10,000 None Available
Mcelwee Rhonda $61,800 --
Hud $49,008 --
Tennessee Housing Development Agency $49,008 --
Johnson Gregory B $44,000 Fidelity Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mdm Investments Of Memphis Llc $753,600
Previous Owner Mcelwee Rhonda $58,710
Previous Owner Johnson Gregory B $45,350
Closed Johnson Gregory B $1,733
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2023 05/25/23 Sold $60,000 0.0% $50 / Sq Ft
05/13/2023 05/13/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $60,000 -- $50 / 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 $556 $33,925 $2,875 $31,050
2024 $556 $16,400 $2,250 $14,150
2023 $999 $16,400 $2,250 $14,150
2022 $999 $16,400 $2,250 $14,150
2021 $1,011 $16,400 $2,250 $14,150
2020 $893 $12,325 $2,250 $10,075
2019 $893 $12,325 $2,250 $10,075
2018 $893 $12,325 $2,250 $10,075
2017 $507 $12,325 $2,250 $10,075
2016 $538 $12,300 $0 $0
2014 $538 $12,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jo Mathes

    Seller's Agent in 2023

    Jo Mathes

    Pinnacle Realty

    (901) 490-0092

    4 in this area

    88 Total Sales

    Jo Mathes
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10150003

Memphis Area Association of REALTORS®

APN: 09-0037-0-0007

Tennessee Shelby County Memphis 38128 Raleigh

3871 Tessland Rd, Memphis, TN

This home is located at 3871 Tessland Rd, Memphis, TN 38128 since 12 May 2023 and is currently estimated at $124,254, approximately $88 per square foot. This property was built in 1963. 3871 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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