NOT LISTED FOR SALE

3927 Laura Springs Dr Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $149,384 - $182,000

3 Beds
2.5 Baths
1,600-1,799 Sq Ft
$92/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $84,900 $47 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $840/month

Highlights

  • Updated Kitchen
  • Main Floor Primary Bedroom
  • Living Room
  • Traditional Architecture
  • Some Wood Windows
  • Tile Flooring

About This Home

As of May 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $800 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: 04/21/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $931

Year Built

  • Built in 2005

Lot Details

  • 3,485 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,630 Sq Ft Home
  • 2-Story Property
  • Some Wood Windows
  • Living Room
  • Dining Room
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Raleigh Estates Pd Phase Ii & Iii Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090027 B00040

Home Details

Home Type

Single Family

Est. Annual Taxes

$931

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 731B
  • MAAR Subdivision Name: RALEIGH ESTATES PH3
  • List Price Per Sq Ft: 52
  • Number Of Stories: 2
  • Price Per Sq Ft: 52.09
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1630
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 1 1/2 Bath
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: Primary Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 2
  • Bedroom 3 Description: Level 2
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 56
  • Acreage: 0.08
  • Lot Size: 50 X 77.89 (IRR)
  • Price Per Acre: 1061250

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 090027 B00040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2020
Closed on
May 28, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
John Back Barry
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$84,900
Sold Price
$84,900
Current Estimated Value
$139,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,221
Avg. Annual Appreciation
9.93%
Original Mortgage
$67,920
Outstanding Balance
$60,711
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$78,299

Purchase Details

Closed on
Jan 22, 2020
Sold by
Productions Llc
Bought by
Summer Hardware Llc

Purchase Details

Closed on
Jul 17, 2018
Sold by
Productions Llc
Bought by
Partee Margaret

Purchase Details

Listed on
Dec 27, 2016
Closed on
Dec 29, 2016
Sold by
Parker Janet
Bought by
October 16Th Producations Llc
Seller's Agent
Jennifer Carstensen
Real Estate Agency
Buyer's Agent
Jaron Darnell
Real Estate Agency
List Price
$40,000
Sold Price
$35,000
Premium/Discount to List
-$5,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.35%
Original Mortgage
$101,500
Interest Rate
4.08%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 30, 2012
Sold by
Guenther Hans and Miller Ewell
Bought by
Estate Skying Llc

Purchase Details

Closed on
Aug 25, 2010
Sold by
Triumph Bank
Bought by
Guenther Hans J and Miller Ewell D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,254
Interest Rate
4.61%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 10, 2010
Sold by
Newton Misty
Bought by
Triumph Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,254
Interest Rate
4.61%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Newton Misty

Purchase Details

Closed on
Jul 19, 2007
Sold by
Metcalf James and Metcalf Sarah
Bought by
Deutsche Bank National Trust Co and Certificateholders Of Soundview Home Loa
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
John Back Barry $84,900 Delta Title Services Llc
Summer Hardware Llc $25,000 None Available
Partee Margaret -- None Available
October 16Th Producations Llc $50,000 Delta Title Services Llc
Parker Janet $35,000 None Available
Estate Skying Llc $53,000 None Available
Guenther Hans J $39,059 None Available
Triumph Bank $39,920 None Available
Newton Misty $40,000 Lehman Land Title Inc
Deutsche Bank National Trust Co $101,150 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open John Back Barry $67,920
Previous Owner Productions Llc $101,500
Previous Owner October 16Th Producations Llc $55,000
Previous Owner Guenther Hans J $45,254
Previous Owner Metcalf James $130,500
Previous Owner Metcalf James $111,355
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $84,900 0.0% $53 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $84,900 +142.6% $53 / Sq Ft
12/29/2016 12/29/16 Sold $35,000 -12.5% $22 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
12/27/2016 12/27/16 For Sale $40,000 -- $25 / 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 $931 $36,675 $3,500 $33,175
2024 $931 $27,450 $2,400 $25,050
2023 $1,672 $27,450 $2,400 $25,050
2022 $1,672 $27,450 $2,400 $25,050
2021 $1,692 $27,450 $2,400 $25,050
2020 $1,168 $16,125 $2,400 $13,725
2019 $515 $16,125 $2,400 $13,725
2018 $515 $16,125 $2,400 $13,725
2017 $528 $16,125 $2,400 $13,725
2016 $705 $16,125 $0 $0
2014 $705 $16,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    428 Total Sales

    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    445 Total Sales

    Section Image
  • Jennifer Carstensen

    Seller's Agent in 2016

    Jennifer Carstensen

    Real Estate Agency

    (901) 201-0280

    10 in this area

    341 Total Sales

    Section Image
  • Jaron Darnell

    Buyer's Agent in 2016

    Jaron Darnell

    Real Estate Agency

    (901) 336-7532

    60 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10075140

Memphis Area Association of REALTORS®

APN: 09-0027-B0-0040

Tennessee Shelby County Memphis 38128 Raleigh

3927 Laura Springs Dr, Memphis, TN

This home is located at 3927 Laura Springs Dr, Memphis, TN 38128 since 21 April 2020 and is currently estimated at $165,096, approximately $91 per square foot. This property was built in 2005. 3927 Laura Springs Dr is a home located in Shelby County with nearby schools including Egypt Elementary School, Raleigh Egypt High School, and Coleman School.

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