NOT LISTED FOR SALE

3958 University St Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $85,000 - $124,000

4 Beds
2 Baths
2,200-2,399 Sq Ft
$43/Sq Ft Est. Value

Last Sold March 04, 2020

Last sale price $56,000 $23 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $601/month

216 Days on Market

Highlights

  • Updated Kitchen
  • Separate Formal Living Room
  • Den
  • Traditional Architecture
  • Great Room
  • Central Heating and Cooling System

About This Home

As of March 2020

ALL RENOVATED AND READY TO BE MOVED INTO. ALL NEW APPLIANCES, NEW STOVE , NEW AC UNIT, NEW HEATER. NEW CARPETS AND MORE TO LIST. SELLER ALSO RENOVATED TWO DETACHED WORKSHOP IN THE BACK OF HOME. SELLER SAID BRING ALL OFFERS TODAY. LEASE PURCHASE WITH OPTION TO CLOSE IN FEW MONTHS.

Last Agent to Sell the Property

John Amaefula

REMAX Experts License #272750 Listed on: 05/13/2019

REMAX Experts

Last Buyer's Agent

Chris Mosby

ResiAmerica, Inc. License #282881

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $405

Year Built

  • Built in 1960

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 75 x 269.5
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 1,592 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Wall to Wall Carpet
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Louise Brown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071046 00034

Home Details

Home Type

Single Family

Est. Annual Taxes

$405

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 725C
  • MAAR Subdivision Name: LOUISE BROWN
  • List Price Per Sq Ft: 40
  • Number Of Stories: 1
  • Price Per Sq Ft: 35.18
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1592
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wall to Wall Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Great Room, Updated/Renovated Kitchen
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 43
  • Acreage: 0.46
  • Lot Size: 75 X 269.5
  • Price Per Acre: 136739

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 071046 00034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2021
Sold by
Vb One Llc
Bought by
Vb Two Llc
Current Estimated Value
$104,140

Purchase Details

Listed on
May 13, 2019
Closed on
Jan 13, 2020
Sold by
Calhoun Thomas J
Bought by
Vb One Llc
Seller's Agent
John Amaefula
REMAX Experts
Buyer's Agent
Chris Mosby
ResiAmerica, Inc.
List Price
$69,900
Sold Price
$56,000
Premium/Discount to List
-$13,900
-19.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.96%

Purchase Details

Closed on
Jan 2, 2020
Sold by
Franks Ruben
Bought by
Calhoun Thomas

Purchase Details

Closed on
Aug 25, 2016
Sold by
Russell Donna L
Bought by
Calhoun Thomas J

Purchase Details

Closed on
Nov 23, 2005
Sold by
Memphis Investment Properties Llc
Bought by
Franks Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
9.85%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 12, 2005
Sold by
Federal National Mortgage Association
Bought by
Washington Mutual Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
5.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 19, 2005
Sold by
Washington Mutual Bank Fa
Bought by
Memphis Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
5.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 27, 2004
Sold by
Powell Ralph
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 27, 2002
Sold by
Herter Justin
Bought by
Powell Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.18%

Purchase Details

Closed on
May 31, 2001
Sold by
Gutliph Joe P
Bought by
Hud
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
Vb Two Llc -- None Available
Vb One Llc $53,500 None Available
Calhoun Thomas -- None Available
Calhoun Thomas J $5,733 None Available
Franks Ruben $82,000 Tam Title & Escrow Llc
Washington Mutual Bank $34,000 Tam Title & Escrow Llc
Memphis Investment Properties Llc $34,000 Tam Title & Escrow Llc
Federal National Mortgage Association $63,430 --
Powell Ralph $75,000 --
Hud $49,164 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franks Ruben $65,600
Previous Owner Memphis Investment Properties Llc $46,000
Previous Owner Memphis Investment Properties Llc $46,000
Previous Owner Powell Ralph $60,000
Previous Owner Herter Justin $49,750
Closed Franks Ruben $16,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2020 03/04/20 Sold $56,000 -11.0% $25 / Sq Ft
12/15/2019 12/15/19 Pending -- -- --
08/08/2019 08/08/19 Price Changed $62,900 -4.6% $29 / Sq Ft
06/11/2019 06/11/19 Price Changed $65,900 -5.7% $30 / Sq Ft
05/13/2019 05/13/19 For Sale $69,900 -- $32 / 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 $405 $17,825 $2,900 $14,925
2024 $405 $11,950 $2,625 $9,325
2023 $728 $11,950 $2,625 $9,325
2022 $728 $11,950 $2,625 $9,325
2021 $412 $11,950 $2,625 $9,325
2020 $712 $9,825 $2,625 $7,200
2019 $314 $9,825 $2,625 $7,200
2018 $314 $9,825 $2,625 $7,200
2017 $321 $9,825 $2,625 $7,200
2016 $622 $14,225 $0 $0
2014 $622 $14,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Amaefula

    Seller's Agent in 2020

    John Amaefula

    RE/MAX

    (901) 649-4924

    29 Total Sales

    John Amaefula
    Section Image
  • Chris Mosby

    Buyer's Agent in 2020

    Chris Mosby

    ResiAmerica, Inc.

    (901) 830-7200

    27 in this area

    386 Total Sales

    Chris Mosby
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10052476

Memphis Area Association of REALTORS®

APN: 07-1046-0-0034

Tennessee Shelby County Memphis 38127 Frayser

3958 University St, Memphis, TN

This home is located at 3958 University St, Memphis, TN 38127 since 13 May 2019 and is currently estimated at $104,140, approximately $43 per square foot. This property was built in 1960. 3958 University St is a home located in Shelby County with nearby schools including Hawkins Mill Elementary School, Georgian Hills Junior High School, and Trezevant High School.

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