$775,000

3887 N Lakewood Dr Memphis, TN 38128

Raleigh Neighborhood

Estimated payment $4,448/month

Total Views 372
6 Beds
4.5 Baths
6,200-6,399 Sq Ft
$121 Price per Sq Ft

Highlights

  • Very Popular Property
  • Two Primary Bedrooms
  • 1.49 Acre Lot
  • In Ground Pool
  • Waterfront
  • Community Lake

About This Home

Turnkey Investment or Lifestyle Property – This beautifully maintained 6 bedroom + Loft + Bonus Room, 4.1 bathrooms home is currently operated as a short-term rental and offers multiple income opportunities. Features include New In ground pool, modern kitchen, spacious living areas, serene 1.49 acre lot. Perfect as an investment property or primary residence. Buyer to verify all local regulations, zoning, and potential rental income. Income history available for informational purposes only; not guaranteed. Bedroom dimension are approx 15x17, 12x21, 12x18, 12x18, 10x17 with 13x13 Loft, 19x19 (2nd primary bedroom) with stove, frig and sink. Plus 17x47 Bonus Room. $50 yearly association cost. Stocked lake Hot tub and paddle boat included (not warrantied). Metal roof. Fiberglass heated salt water pool installed in 2024.

Listing Agent

Rachel Gilliam

Crye-Leike, Inc., REALTORS License #303277 Listed on: 09/02/2025

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,052

Year Built

  • Built in 1975

Lot Details

  • 1.49 Acre Lot
  • Waterfront
  • Landscaped
  • Level Lot
  • Few Trees

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Soft Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 6,200-6,399 Sq Ft Home
  • 6,366 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 2 Fireplaces
  • Some Wood Windows
  • Great Room
  • Breakfast Room
  • Dining Room
  • Den
  • Loft
  • Bonus Room
  • Play Room
  • Keeping Room
  • Concrete Flooring
  • Water Views
  • Laundry Room
  • Attic

Kitchen

  • Breakfast Bar
  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms | 5 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Upstairs
  • Double Master Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Parking

  • 2 Car Garage
  • Rear-Facing Garage
  • Circular Driveway

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Water Access
  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Lynns Subdivision
  • Mandatory home owners association
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 084021 00072

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,052

Year Built

Built in 1975

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Soft Contemporary
  • Detached Unit Type: General Residential
  • MLS Map #: 734C
  • MAAR Subdivision Name: LYNNS POINT
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 6366
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 2 or More Baths, Laundry Room, Keeping/Hearth Room, Breakfast Room
  • Second Story Floor Plan: Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Primary Up, Two Primaries
  • Estimated Heated Sq Ft Range: 6200-6399
  • Bedroom 2 Description: Level 1, Walk-In Closet, Shared Bath, Smooth Ceiling
  • Bedroom 3 Description: Level 1, Walk-In Closet, Shared Bath, Smooth Ceiling
  • Bedroom 4 Description: Level 1, Walk-In Closet, Shared Bath, Smooth Ceiling
  • Bedroom 5 Description: Level 1, Private Full Bath, Smooth Ceiling
  • Bedrooms: 6
  • Bedrooms Down: 5
  • Floors/Ceilings: Concrete Floor, 9 or more Ft. Ceiling
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Equipment: Double Oven, Cooktop, Dishwasher, Microwave
  • Living Dining Kitchen: Separate Dining Room, Separate Den, Great Room, Breakfast Bar, Separate Breakfast Room, Pantry, Keeping/Hearth Room
  • Misc Interior: Wet Bar, Walk-In Closet(s), Walk-In Attic
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Room, Play Room, Bonus Room, In-Law Quarters, Loft/Balcony, Attic
  • Total Bathrooms: 4.1
  • Primary Bathroom Description: Double Sinks, Separate Shower, Smooth Ceiling
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Smooth Ceiling

Exterior Features

  • Misc Exterior: Pool Cleaning Equipment, Porch, Deck
  • Exterior Windows: Wood/Composition, Stone
  • Foundation: Slab
  • Pool Description: In Ground

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Driveway/Pad, Circular Drive, Back-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 50
  • Neighborhood Amenities: Lake
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level, Water Frontage, Water View, Water Access, Landscaped
  • Lot Number: 2 & 1
  • Acreage: 1.49
  • Keeping Hearth Dimension: 20x23
  • Lot Size: 1.49 acres
  • Price Per Acre: 520134
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 12

Tax Info

  • Assessor Parcel Number: 084021 00072

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $3,052 $143,100 $21,200 $121,900
2024 $3,052 $90,025 $18,175 $71,850
2023 $5,484 $90,025 $18,175 $71,850
2022 $5,484 $90,025 $18,175 $71,850
2021 $5,548 $90,025 $18,175 $71,850
2020 $5,893 $81,325 $18,175 $63,150
2019 $5,893 $81,325 $18,175 $63,150
2018 $5,893 $81,325 $18,175 $63,150
2017 $3,342 $81,325 $18,175 $63,150
2016 $2,558 $58,525 $0 $0
2014 $2,558 $58,525 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 For Sale $775,000 +42.2% $125 / Sq Ft
12/04/2023 12/04/23 Sold $545,000 +0.9% $91 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $540,000 +66.2% $90 / Sq Ft
11/17/2016 11/17/16 Sold $325,000 -15.6% $54 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $385,000 -- $64 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $545,000 Excel Title & Escrow
Warranty Deed $325,000 None Available
Warranty Deed $265,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $463,250 New Conventional
Previous Owner $325,000 VA
Previous Owner $187,500 Credit Line Revolving
Previous Owner $97,837 Unknown
Previous Owner $164,432 Unknown
Previous Owner $265,000 No Value Available
Source: Public Records

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Source: Memphis Area Association of REALTORS®

MLS Number: 10204751

Memphis Area Association of REALTORS®

APN: 08-4021-0-0072

Tennessee Shelby County Memphis 38128 Raleigh

3887 N Lakewood Dr, Memphis, TN

This home is located at 3887 N Lakewood Dr, Memphis, TN 38128 and is currently priced at $775,000, approximately $121 per square foot. This property was built in 1975. 3887 N Lakewood 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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Nearby Homes
Rachel Gilliam
Listing Agent
Rachel Gilliam
Section Image
Crye-Leike, Inc., REALTORS
(901) 660-8702