NOT LISTED FOR SALE

3906 Tessland Rd Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $130,000 - $163,721

3 Beds
1 Bath
1,600-1,799 Sq Ft
$82/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $104,900 $58 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $852/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Some Wood Windows
  • Traditional Architecture
  • Den
  • Central Heating and Cooling System

About This Home

As of May 2021

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $895 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 03/18/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $848

Year Built

  • Built in 1964

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 79x114
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,642 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Laminate Flooring
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Nam Ni Estates Blk A 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090039 00017

Home Details

Home Type

Single Family

Est. Annual Taxes

$848

Year Built

Built in 1964

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: 64
  • Number Of Stories: 1
  • Price Per Sq Ft: 63.89
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1642
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Equipment: Disposal, Dishwasher
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 47
  • Acreage: 0.2
  • Lot Size: 79X114
  • Price Per Acre: 524500

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 090039 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
May 14, 2021
Sold by
Memphis Investment Properties Iii Llc
Bought by
Jensen Arthur A and Jensen Helen M
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$104,900
Sold Price
$104,900
Current Estimated Value
$147,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,780
Avg. Annual Appreciation
7.99%

Purchase Details

Closed on
Mar 12, 2021
Sold by
Yutaka Llc
Bought by
Memphis Investments Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,085
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 4, 2012
Closed on
Oct 31, 2012
Sold by
Memphis Investments Houses Llc
Bought by
Yutaka Llc
Seller's Agent
Georgia Landry
Trek Property Management
Buyer's Agent
Hamza Ibrahim TheRealtor
eXp Realty, LLC
List Price
$27,000
Sold Price
$26,139
Premium/Discount to List
-$861
-3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.19%

Purchase Details

Closed on
Aug 31, 2006
Sold by
Mcnamara Theresa J
Bought by
Turner Ora Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
12.47%
Mortgage Type
Balloon
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
Jensen Arthur A $104,900 Delta Title Services Llc
Memphis Investments Properties Iii Llc $50,000 Delta Title Services Llc
Yutaka Llc $44,900 None Available
Turner Ora Lee $75,000 Assured Escrow & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Memphis Investments Properties Iii Llc $76,085
Previous Owner Turner Ora Lee $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2021 05/14/21 Sold $104,900 0.0% $66 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $104,900 +301.3% $66 / Sq Ft
10/09/2012 10/09/12 Sold $26,139 -3.2% $16 / Sq Ft View Prior Sale
09/13/2012 09/13/12 Pending -- -- --
09/04/2012 09/04/12 For Sale $27,000 -- $17 / 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 $848 $42,200 $2,875 $39,325
2024 $848 $25,000 $2,250 $22,750
2023 $1,523 $25,000 $2,250 $22,750
2022 $848 $25,000 $2,250 $22,750
2021 $1,336 $21,675 $2,250 $19,425
2020 $1,183 $16,325 $2,250 $14,075
2019 $1,183 $16,325 $2,250 $14,075
2018 $1,183 $16,325 $2,250 $14,075
2017 $671 $16,325 $2,250 $14,075
2016 $601 $13,750 $0 $0
2014 $601 $13,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2021

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    404 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2021

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    421 Total Sales

    Bradley Reedy
    Section Image

  • G

    Seller's Agent in 2012

    Georgia Landry

    Trek Property Management

  • H

    Buyer's Agent in 2012

    Hamza Ibrahim TheRealtor

    eXp Realty, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10095478

Memphis Area Association of REALTORS®

APN: 09-0039-0-0017

Tennessee Shelby County Memphis 38128 Raleigh

3906 Tessland Rd, Memphis, TN

This home is located at 3906 Tessland Rd, Memphis, TN 38128 since 18 March 2021 and is currently estimated at $147,680, approximately $82 per square foot. This property was built in 1964. 3906 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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