NOT LISTED FOR SALE

3942 Forest Pointe Way Arlington, TN 38002

Estimated Value: $733,000 - $770,000

4 Beds
4.5 Baths
4,500-4,999 Sq Ft
$150/Sq Ft Est. Value

Last Sold December 16, 2016

Last sale price $438,500 $88 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,422/month

Highlights

  • Water Views
  • Home Theater
  • Updated Kitchen
  • Lakeland Elementary School Rated A
  • Two Primary Bedrooms
  • Landscaped Professionally

About This Home

As of December 2016

Beautiful 4 BR/4.5 bath home w an w/open and airy floor plan. Custom built with LOTS of extras--$53,000 in upgrades! In a gated community w/lake access. Spacious living areas inside and out that is sure to wow your guests. Unbelievable master closet-high-tech movie rm w/wet bar-high-end kitchen-beautiful built-ins and arches throughout-amazing garage. Covered patio overlooking elaborate perennial garden. Too many details to mention! Priced under 9/16 appraisal! $2000 Paint Allowance!

Last Agent to Sell the Property

Holly Mount

Compass RE License #329161 Listed on: 03/11/2016

Compass RE

Last Buyer's Agent

Sally Summerlin

Summerlin & Associates, LLC License #312764

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,492

Year Built

  • Built in 2004

Lot Details

  • 0.4 Acre Lot
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

HOA Fees

  • $113 Monthly HOA Fees

Home Design

  • Traditional Architecture

Interior Spaces

  • 4,500-4,999 Sq Ft Home
  • 4,414 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Double Pane Windows
  • Window Treatments
  • Two Story Entrance Foyer
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Home Theater
  • Loft
  • Storage Room
  • Laundry Room
  • Keeping Room
  • Water Views
  • Attic Fan

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • Dressing Area
  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Home Security

  • Termite Clearance
  • Iron Doors

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Gas Grill

Utilities

  • Multiple cooling system units
  • Central Air
  • Multiple Heating Units
  • Heating System Uses Gas
  • 220 Volts

Community Details

  • Pointe Subdivision
  • Mandatory home owners association
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number L0150B A00048

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,492

Year Built

Built in 2004

Lot Details

0

HOA Fees

$113 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: THE POINTE
  • List Price Per Sq Ft: 108
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 4414
  • Termite Contract: Yes
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Vaulted/Coffered Primary, Two Primaries, Split Bedroom Plan, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 4500-4999
  • Bedroom 2 Description: Level 1, Smooth Ceiling
  • Bedroom 3 Description: Level 2, Walk-In Closet, Private Full Bath, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Walk-In Closet, Private Full Bath, Smooth Ceiling, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Concrete Floor, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling, Two Story Foyer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Dishwasher, Microwave
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Breakfast Bar, Separate Breakfast Room, Pantry, Keeping/Hearth Room
  • Misc Interior: All Window Treatments, Wet Bar, Walk-In Closet(s), Walk-In Attic
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Room, In-Law Quarters, Entry Hall, Loft/Balcony, Media Room, Attic, Storage Room
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Dressing Area, Smooth Ceiling
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Fireplace, Vaulted/Coffered Ceiling, Smooth Ceiling

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Auto Lawn Sprinkler, Gas Grill, Porch, Patio, Covered Patio
  • Exterior Windows: Brick Veneer, Double Pane Window(s)

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 3
  • Parking Display: 3A
  • Parking Storage: Driveway/Pad, Circular Drive, Storage Room(s), Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: Central, Attic Fan, Ceiling Fan(s), 3 or More Systems, 220 Wiring
  • Heating: Gas, 3 or More Systems

Association/Amenities

  • Annual Association Fee: 1350
  • Neighborhood Amenities: Lake
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Water View, Landscaped, Professionally Landscaped
  • Lot Number: 48
  • Acreage: 0.4
  • Keeping Hearth Dimension: 19x17
  • Lot Size: 17713 SF 126.69 X 138.79

Tax Info

  • Assessor Parcel Number: L0150B A00048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2016
Closed on
Dec 8, 2016
Sold by
Peters Walter F and Peters Sandra A
Bought by
Massmann Jacques and Massmann Myoung
Seller's Agent
Holly Mount
Compass RE
Buyer's Agent
Sally Summerlin
Summerlin & Associates, LLC
List Price
$515,500
Sold Price
$438,500
Premium/Discount to List
-$77,000
-14.94%
Current Estimated Value
$751,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,379
Avg. Annual Appreciation
6.27%
Original Mortgage
$343,800
Outstanding Balance
$277,784
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$474,095

Purchase Details

Closed on
Jun 16, 2011
Sold by
Peters Walter F and Peters Sandra A
Bought by
Peters Walter F and Peters Sandra A

Purchase Details

Closed on
Jul 31, 2009
Sold by
Reed Nickolas L and Reed Teresa A
Bought by
Peters Walter F and Peters Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 17, 2004
Sold by
Creekside Homes Llc
Bought by
Reed Nickolas L and Reed Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,500
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 2004
Sold by
Creekside Homes
Bought by
Creekside Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,500
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 24, 2003
Sold by
Reed Nicholas L and Reed Teresa
Bought by
Creekside Homes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,600
Interest Rate
6.16%
Mortgage Type
Construction
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
Massmann Jacques $438,500 Closetrak Llc
Peters Walter F -- Realty Title
Peters Walter F $595,000 Erickson Title & Closing Llc
Reed Nickolas L $60,000 Lenders Title & Escrow Llc
Creekside Homes Llc -- Lenders Title & Escrow Llc
Creekside Homes $100,000 Lenders Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massmann Jacques $343,800
Previous Owner Peters Walter F $417,000
Previous Owner Reed Nickolas L $467,500
Previous Owner Creekside Homes $397,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2016 12/16/16 Sold $438,500 -14.9% $97 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $515,500 -- $115 / 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 $4,492 $168,300 $46,325 $121,975
2024 $4,492 $132,500 $40,225 $92,275
2023 $4,492 $132,500 $40,225 $92,275
2022 $4,492 $132,500 $40,225 $92,275
2021 $4,571 $132,500 $40,225 $92,275
2020 $4,727 $116,725 $40,225 $76,500
2019 $4,727 $116,725 $40,225 $76,500
2018 $6,186 $116,725 $40,225 $76,500
2017 $6,256 $116,725 $40,225 $76,500
2016 $7,073 $122,575 $0 $0
2014 $5,357 $122,575 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Holly Mount

    Seller's Agent in 2016

    Holly Mount

    Compass RE

    (901) 734-5030

    21 in this area

    108 Total Sales

    Holly Mount
    Section Image
  • Sally Summerlin

    Buyer's Agent in 2016

    Sally Summerlin

    Summerlin & Associates, LLC

    (901) 481-9335

    12 Total Sales

    Sally Summerlin
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9972502

Memphis Area Association of REALTORS®

APN: L0-150B-A0-0048

Tennessee Shelby County Arlington 38002

3942 Forest Pointe Way, Arlington, TN

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