NOT LISTED FOR SALE

3896 Otter Dr Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $222,000 - $246,000

3 Beds
2 Baths
2,200-2,399 Sq Ft
$97/Sq Ft Est. Value

Last Sold April 25, 2018

Last sale price $122,000 $51 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,339/month

Highlights

  • Water Views
  • 0.75 Acre Lot
  • Deck
  • Water Access
  • Community Lake
  • Vaulted Ceiling

About This Home

As of April 2018

Just what you've been waiting for!! Come see this three bedroom home on a beautiful lake. TONS of potential and lots of extras. This home boasts three spacious bedrooms, bonus room, master suite w/master bath, walk-in closets, HUGE great room, vaulted ceilings, wet bar, new paint, eat-in kitchen, wood burning fireplace, tons of natural light, cathedral style beams in den, double ovens & MUCH MORE!!! Enjoy the tranquility of the backyard with a view of the lake, & the deck off the master suite!!

Last Agent to Sell the Property

John Quinn

REMAX Experts License #263284 Listed on: 03/15/2018

REMAX Experts

Last Buyer's Agent

Kiara Bridges

J Hunter Realty License #344079

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,239

Year Built

  • Built in 1976

Lot Details

  • 0.75 Acre Lot
  • Corner Lot
  • Level Lot
  • Few Trees

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,207 Sq Ft Home
  • 1.2-Story Property
  • Popcorn or blown ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Some Wood Windows
  • Entrance Foyer
  • Great Room
  • Dining Room
  • Den with Fireplace
  • Bonus Room
  • Water Views
  • Attic Access Panel
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Side Facing Garage
  • Driveway

Outdoor Features

  • Water Access
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • 220 Volts

Community Details

  • Jemison & Otte's Lakemont Gardens Sec A Subdivision
  • Mandatory home owners association
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 086040 00055

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,239

Year Built

Built in 1976

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 732D
  • MAAR Subdivision Name: LAKEMONT GARDENS SEC A
  • List Price Per Sq Ft: 50
  • Number Of Stories: 1.2
  • Price Per Sq Ft: 55.28
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2207
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room
  • Second Story Floor Plan: Bonus Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Vaulted/Coffered Primary, Full Bath Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedroom 2 Description: Level 1, Walk-In Closet, Carpet
  • Bedroom 3 Description: Level 1, Shared Bath, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Den/Great Room
  • Floors/Ceilings: Part Carpet, Tile, Vinyl Floor, Sprayed Ceiling, Vaulted/Coff/Tray Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Double Oven, Cooktop, Disposal, Dishwasher
  • Living Dining Kitchen: Great Room, Eat-In Kitchen, Breakfast Bar, Pantry
  • Misc Interior: Walk-In Closet(s), Attic Access, Walk-In Attic, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Entry Hall, Attic
  • Total Bathrooms: 2
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Carpet

Exterior Features

  • Misc Exterior: Patio, Deck
  • Exterior Windows: Wood/Composition, Stone
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2
  • Parking Storage: Driveway/Pad, Side-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Central
  • Security: Smoke Detector(s), Dead Bolt Lock(s)
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 150
  • Neighborhood Amenities: Lake
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level, Water View, Water Access, Corner
  • Lot Number: 31
  • Acreage: 0.75
  • Lot Size: 129.95/232.1 IRR X 253.86 IRR/159.17
  • Price Per Acre: 146667

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 086040 00055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2018
Closed on
Apr 16, 2018
Sold by
Wilford Ida K
Bought by
Cain Malinda Shanta
Seller's Agent
John Quinn
REMAX Experts
Buyer's Agent
Kiara Bridges
J Hunter Realty
List Price
$110,000
Sold Price
$122,000
Premium/Discount to List
$12,000
10.91%
Current Estimated Value
$233,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,116
Avg. Annual Appreciation
8.99%
Original Mortgage
$115,073
Outstanding Balance
$99,371
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$133,745
Source: Public Records

Range of Values:

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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
Cain Malinda Shanta $122,000 Home Surety Title & Escrow L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cain Malinda Shanta $115,073
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2018 04/25/18 Sold $122,000 +10.9% $55 / Sq Ft
03/17/2018 03/17/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $110,000 -- $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 $1,239 $48,375 $5,975 $42,400
2024 $1,239 $36,550 $5,575 $30,975
2023 $2,227 $36,550 $5,575 $30,975
2022 $2,227 $36,550 $5,575 $30,975
2021 $2,253 $36,550 $5,575 $30,975
2020 $1,895 $26,150 $5,575 $20,575
2019 $836 $26,150 $5,575 $20,575
2018 $836 $26,150 $5,575 $20,575
2017 $855 $26,150 $5,575 $20,575
2016 $1,189 $27,200 $0 $0
2014 $1,189 $27,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Quinn

    Seller's Agent in 2018

    John Quinn

    RE/MAX

    (901) 481-2008

    7 in this area

    302 Total Sales

    John Quinn
    Section Image
  • Kiara Bridges

    Buyer's Agent in 2018

    Kiara Bridges

    J Hunter Realty

    (901) 359-1479

    2 in this area

    36 Total Sales

    Kiara Bridges
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10022499

Memphis Area Association of REALTORS®

APN: 08-6040-0-0055

Tennessee Shelby County Memphis 38128 Raleigh

3896 Otter Dr, Memphis, TN

This home is located at 3896 Otter Dr, Memphis, TN 38128 since 15 March 2018 and is currently estimated at $233,116, approximately $97 per square foot. This property was built in 1976. 3896 Otter Dr is a home located in Shelby County with nearby schools including Scenic Hills Elementary School, Raleigh Egypt High School, and Coleman School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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