NOT LISTED FOR SALE

3966 University St Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $80,000 - $84,986

3 Beds
1 Bath
100-999 Sq Ft
$82/Sq Ft Est. Value

Last Sold February 02, 2016

Last sale price $8,500 $9 Per Sq Ft

Est. 859% increase in value since last sale

Current estimated payment $477/month

14 Days on Market

Highlights

  • Separate Formal Living Room
  • Bungalow
  • Wall to Wall Carpet
  • Separate Outdoor Workshop
  • Level Lot
  • 1-Story Property

About This Home

As of February 2016

This bungalow style home sits on an almost half acre lot and has a detached garage with a large workshop on the rear. Large living room, 3 ample sized bedrooms, full bath and updated electric service. One bedroom has an electrical bank of outlets. This is an awesome investment opportunity in a settled area.

Last Agent to Sell the Property

Glen Haley

K.E.I.H. Realty License #266364 Listed on: 01/11/2016

Last Buyer's Agent

Glen Haley

K.E.I.H. Realty License #266364 Listed on: 01/11/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $386

Year Built

  • Built in 1961

Lot Details

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

Home Design

  • Bungalow
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 100-999 Sq Ft Home
  • 922 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Wall to Wall Carpet
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Garage
  • Workshop in Garage
  • Front Facing Garage
  • Driveway

Additional Features

  • Separate Outdoor Workshop
  • Cable TV Available

Community Details

  • Louise Brown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071046 00035

Home Details

Home Type

Single Family

Est. Annual Taxes

$386

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Bungalow
  • Detached Unit Type: General Residential
  • MLS Map #: 725C
  • MAAR Subdivision Name: LOUISE BROWN
  • List Price Per Sq Ft: 9
  • Number Of Stories: 1
  • Price Per Sq Ft: 9.22
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 922
  • Year Built: 1961
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wall to Wall Carpet
  • Full Bathrooms: 1
  • Equipment: Cable Available
  • Living Dining Kitchen: Separate Living Room, W/D Connection in Kitchen
  • Misc Interior: Pull Down Attic Stairs, Smoke Detector(s)
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Workshop
  • Exterior Windows: Aluminum/Steel Siding, Aluminum Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad, Workshop(s), Front-Load Garage

Utilities

  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 42
  • Acreage: 0.46
  • Lot Size: 75 X 269.5
  • Price Per Acre: 18478

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 071046 00035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2016
Closed on
Jan 29, 2016
Sold by
The Secretary Of Veterans Affairs
Bought by
Rios Abraham
Seller's Agent
Glen Haley
K.E.I.H. Realty
Buyer's Agent
Glen Haley
K.E.I.H. Realty
List Price
$8,500
Sold Price
$8,500
Current Estimated Value
$81,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,997
Avg. Annual Appreciation
26.62%

Purchase Details

Closed on
Nov 25, 2015
Sold by
Dreher James Walter
Bought by
The Secretary Of Veterans Affairs

Purchase Details

Closed on
Jun 30, 2008
Sold by
Thomas Jovett
Bought by
Dreher Ii James Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,254
Interest Rate
6.08%
Mortgage Type
VA

Purchase Details

Closed on
Sep 23, 2005
Sold by
Ward Barbara Grear
Bought by
Thomas Jovett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,950
Interest Rate
5.77%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 27, 2001
Sold by
Ward Richard Clayford
Bought by
Ward Barbara Grear

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
7%
Mortgage Type
Credit Line Revolving
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
Rios Abraham $8,500 First National Title Llc
The Secretary Of Veterans Affairs $13,608 Attorney
Dreher Ii James Walter $38,000 First National Financial Tit
Thomas Jovett $35,500 First National Financial Tit
Ward Barbara Grear -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dreher Ii James Walter $40,069
Previous Owner Dreher Ii James Walter $39,254
Previous Owner Thomas Jovett $31,950
Previous Owner Ward Barbara Grear $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2016 02/02/16 Sold $8,500 0.0% $85 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $8,500 -- $85 / 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 $386 $15,925 $2,900 $13,025
2024 $386 $11,375 $2,625 $8,750
2023 $693 $11,375 $2,625 $8,750
2022 $693 $11,375 $2,625 $8,750
2021 $701 $11,375 $2,625 $8,750
2020 $672 $9,275 $2,625 $6,650
2019 $672 $9,275 $2,625 $6,650
2018 $672 $9,275 $2,625 $6,650
2017 $381 $9,275 $2,625 $6,650
2016 $389 $8,900 $0 $0
2014 $389 $8,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Glen Haley

    K.E.I.H. Realty

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9968309

Memphis Area Association of REALTORS®

APN: 07-1046-0-0035

Tennessee Shelby County Memphis 38127 Frayser

3966 University St, Memphis, TN

This home is located at 3966 University St, Memphis, TN 38127 since 11 January 2016 and is currently estimated at $81,497, approximately $81 per square foot. This property was built in 1961. 3966 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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