NOT LISTED FOR SALE

397 Carbon Rd Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $65,000 - $79,000

3 Beds
1 Bath
850 Sq Ft
$82/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $58,000 $68 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $395/month

Highlights

  • Corner Lot
  • Central Heating and Cooling System
  • 1-Story Property
  • Bungalow

About This Home

As of October 2021

This home is located on corner lot , featuring 3 Bedrooms 1 Bath. Perfect for investor.

Last Agent to Sell the Property

Lorrie Geeslin

Northpoint Asset Management, L License #284435 Listed on: 09/01/2021

Last Buyer's Agent

Lorrie Geeslin

Northpoint Asset Management, L License #284435 Listed on: 09/01/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $343

Year Built

  • Built in 1961

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 85x107
  • Corner Lot

Home Design

  • Bungalow

Interior Spaces

  • 850 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • J E Walker Homes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075087 00037

Home Details

Home Type

Single Family

Est. Annual Taxes

$343

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Bungalow
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: J E WALKER HOMES
  • List Price Per Sq Ft: 71
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 850
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 0-999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Sprayed Ceiling
  • Full Bathrooms: 1

Exterior Features

  • Misc Exterior: Sidewalks
  • Exterior Windows: Brick Veneer

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Corner
  • Lot Number: 439
  • Acreage: 0.2
  • Lot Size: 85X107

Tax Info

  • Assessor Parcel Number: 075087 00037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 7, 2021
Sold by
Nmdc Holdings Llc
Bought by
Cline Talmadge
Seller's Agent
Lorrie Geeslin
Northpoint Asset Management, L
Buyer's Agent
Lorrie Geeslin
Northpoint Asset Management, L
List Price
$60,000
Sold Price
$58,000
Premium/Discount to List
-$2,000
-3.33%
Current Estimated Value
$69,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,935
Avg. Annual Appreciation
4.73%
Original Mortgage
$40,400
Outstanding Balance
$36,841
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$33,094

Purchase Details

Listed on
Jun 12, 2020
Closed on
Nov 4, 2020
Sold by
Skefos James J
Bought by
Nmdc Holdings Llc
Seller's Agent
Harry Samuels
Pinnacle Realty
Buyer's Agent
Harry Samuels
Pinnacle Realty
List Price
$60,000
Sold Price
$46,000
Premium/Discount to List
-$14,000
-23.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.97%

Purchase Details

Closed on
May 18, 2007
Sold by
Feldbaum Sylvia S
Bought by
Skefos James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2006
Sold by
M Investments Co Inc
Bought by
Feldbaum Sylvia S and D&R Investments

Purchase Details

Closed on
Apr 21, 2005
Sold by
Hale Debora D and Hale Anita
Bought by
M Investment Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,100
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
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
Cline Talmadge $58,000 Local Title Llc
Nmdc Holdings Llc $192,000 Delta Title Services Llc
Skefos James J $55,000 First American Title Ins Co
Feldbaum Sylvia S $15,000 None Available
M Investment Co Inc $12,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cline Talmadge $40,400
Previous Owner Skefos James J $120,000
Previous Owner M Investment Co Inc $24,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2021 10/12/21 Sold $58,000 -3.3% $68 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $60,000 +30.4% $71 / Sq Ft
11/04/2020 11/04/20 Sold $46,000 0.0% $54 / Sq Ft View Prior Sale
11/04/2020 11/04/20 Price Changed $46,000 -23.3% $54 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $60,000 -- $71 / 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 $343 $15,700 $1,900 $13,800
2024 $343 $10,125 $1,375 $8,750
2023 $617 $10,125 $1,375 $8,750
2022 $617 $10,125 $1,375 $8,750
2021 $733 $10,125 $1,375 $8,750
2020 $565 $7,800 $1,375 $6,425
2019 $249 $7,800 $1,375 $6,425
2018 $249 $7,800 $1,375 $6,425
2017 $255 $7,800 $1,375 $6,425
2016 $299 $6,850 $0 $0
2014 $299 $6,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lorrie Geeslin

    Northpoint Asset Management, L

    Section Image
  • Harry Samuels

    Seller's Agent in 2020

    Harry Samuels

    Pinnacle Realty

    (901) 486-2894

    4 in this area

    78 Total Sales

    Harry Samuels
    Section Image
  • Jeanette Lin

    Seller Co-Listing Agent in 2020

    Jeanette Lin

    Pinnacle Realty

    (901) 335-7447

    7 in this area

    242 Total Sales

    Jeanette Lin
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10107773

Memphis Area Association of REALTORS®

APN: 07-5087-0-0037

Tennessee Shelby County Memphis 38109 Westwood

397 Carbon Rd, Memphis, TN

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