NOT LISTED FOR SALE

398 Mcelroy Rd Memphis, TN 38120

Audubon Park Neighborhood

Estimated Value: $359,595

3 Beds
2.5 Baths
2,165 Sq Ft
$166/Sq Ft Est. Value

Last Sold March 18, 2019

Last sale price $249,000 $115 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,151/month

Highlights

  • Main Floor Primary Bedroom
  • Loft
  • Wet Bar
  • Richland Elementary School Rated A-
  • Double Oven
  • Double Vanity

About This Home

As of June 2019

Spacious & beautiful East Memphis home in established neighborhood w/open floor design. Functional & comfortable kitchen. 2-story LR w/wet bar. Formal DR. Master bedroom is down. Cozy loft & 2 spacious bedrooms up w/walk-in closets. Plantation shutters throughout. Fenced in back yard is private & ideal for entertaining. Small pet(s) welcome w/owner's approval; fees apply. 2-car garage. All applicants must qualify as per CLPM. Min. 13-month lease.

Last Agent to Rent the Property

Catherine Mueller

Crye-Leike Property Management License #349012 Listed on: 03/26/2019

Last Renter's Agent

Craig Knox

Crye-Leike Property Management License #309954

Crye-Leike Property Management

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1989

Lot Details

  • 8,059

Parking

  • 2 Parking Spaces

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Loft
  • Laundry Room

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Double Vanity
  • Bathtub With Separate Shower Stall

Community Details

  • Red Oaks Phase 2 Pd Subdivision
  • Mandatory Home Owners Association

Home Details

Home Type

Single Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: Rental Properties
  • Type: Rental
  • Style Code Use: General Residential
  • MLS Map #: 756B
  • MAAR Subdivision Name: Red Oaks PH 2
  • Freestanding: Yes
  • Number Of Stories: 2
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: Primary Down, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower
  • Bedrooms: 3
  • Bedrooms Down: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Double Oven, Cooktop, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator
  • Misc Interior: Wet Bar, Walk-In Closet(s)
  • Other Rooms: Laundry Room, Loft/Balcony
  • Total Bathrooms: 2.1

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Size: 88.19/92.94x88.9/88.96

Multi Family

  • Number Of Rooms: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Mar 14, 2019
Sold by
Lynch Jason D and Lynch Wm Shawn
Bought by
Economides Nicholas and Economides Linda
Seller's Agent
John Paul Privette
River Realty, LLC
Buyer's Agent
Michael Mosteller
REMAX Experts
List Price
$305,000
Sold Price
$249,000
Premium/Discount to List
-$56,000
-18.36%
Current Estimated Value
$359,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,595
Avg. Annual Appreciation
6.67%

Purchase Details

Closed on
Mar 22, 2010
Sold by
Tacker Herman Lee
Bought by
Lynch Robin G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,725
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2004
Sold by
Tacker Herman L
Bought by
Tacker Herman Lee and Herman Lee Tacker Revocable Living Trust

Purchase Details

Closed on
Oct 22, 2003
Sold by
Benskin Anne W and Halloran Patrick
Bought by
Tacker Herman L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.98%
Mortgage Type
Credit Line Revolving
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
Economides Nicholas $253,000 Memphis Title Company
Lynch Robin G $236,000 Tam Title & Escrow Llc
Tacker Herman Lee -- --
Tacker Herman Lee -- --
Tacker Herman L $206,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Economides Nicholas $210,000
Previous Owner Lynch Robin G $231,725
Previous Owner Tacker Herman Lee $115,000
Previous Owner Tacker Herman L $95,000
Previous Owner Tacker Herman Lee $70,000
Previous Owner Tacker Herman L $50,000
Previous Owner Tacker Herman L $156,000
Previous Owner Benskin Anne W $107,500
Previous Owner Benskin Anne W $7,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2019 06/08/19 Rented $1,800 -5.0% --
06/04/2019 06/04/19 Under Contract -- -- --
05/22/2019 05/22/19 Price Changed $1,895 -4.1% $1 / Sq Ft
05/15/2019 05/15/19 Price Changed $1,975 -6.0% $1 / Sq Ft
05/03/2019 05/03/19 Price Changed $2,100 -16.0% $1 / Sq Ft
04/10/2019 04/10/19 Price Changed $2,500 -13.8% $1 / Sq Ft
04/05/2019 04/05/19 Price Changed $2,900 -9.4% $1 / Sq Ft
03/26/2019 03/26/19 For Rent $3,200 0.0% --
03/18/2019 03/18/19 Sold $249,000 -11.0% $104 / Sq Ft
02/18/2019 02/18/19 Pending -- -- --
01/28/2019 01/28/19 Price Changed $279,900 -5.1% $117 / Sq Ft
12/05/2018 12/05/18 Price Changed $295,000 -3.3% $123 / Sq Ft
11/26/2018 11/26/18 For Sale $305,000 -- $127 / 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 -- $77,700 $24,175 $53,525
2024 $2,339 $69,000 $24,175 $44,825
2023 $4,203 $69,000 $24,175 $44,825
2022 $4,203 $69,000 $24,175 $44,825
2021 $4,996 $69,000 $24,175 $44,825
2020 $4,748 $65,525 $24,175 $41,350
2019 $2,094 $65,525 $24,175 $41,350
2018 $2,094 $65,525 $24,175 $41,350
2017 $2,144 $65,525 $24,175 $41,350
2016 $2,497 $57,150 $0 $0
2014 $2,497 $57,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Landlord's Agent in 2019

    Catherine Mueller

    Crye-Leike

  • John Paul Privette

    Seller's Agent in 2019

    John Paul Privette

    River Realty, LLC

    (901) 573-5757

    2 in this area

    4 Total Sales

    John Paul Privette
    Section Image

  • C

    Tenant's Agent in 2019

    Craig Knox

    Crye-Leike

    (901) 758-5678

    Craig Knox
    Section Image
  • Michael Mosteller

    Buyer's Agent in 2019

    Michael Mosteller

    RE/MAX

    (901) 870-3692

    7 in this area

    78 Total Sales

    Michael Mosteller
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048783

Memphis Area Association of REALTORS®

APN: 06-8066-A0-0001

Tennessee Shelby County Memphis 38120 Audubon Park

398 Mcelroy Rd, Memphis, TN

This home is located at 398 Mcelroy Rd, Memphis, TN 38120 since 26 March 2019 and is currently priced at $359,595. This property was built in 1989. 398 Mcelroy Rd is a home located in Shelby County with nearby schools including Richland Elementary School, White Station Middle, and White Station High.

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