NOT LISTED FOR SALE

3991 Leroy Ave Memphis, TN 38108

Douglass Neighborhood

Estimated Value: $67,432 - $92,000

2 Beds
1 Bath
100-999 Sq Ft
$77/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $62,100 $62 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $429/month

64 Days on Market

Highlights

  • Traditional Architecture
  • Combination Dining and Living Room
  • 1-Story Property
  • Wood Flooring

About This Home

As of March 2022

Investment property. Tenant occupied 2 bed 1 bath well maintained home. Long term tenant currently on month-to-month lease. Current rent is $575 per month. Rented below market rents. Do not disturb tenant. Wall furnace and window units for AC. Roof replaced in 2017, water heater replaced 2018, window unit replaced 2018. Pictures are before tenant took possession.

Last Agent to Sell the Property

Adam Watson

Keller Williams License #307518 Listed on: 12/14/2021

Keller Williams

Last Buyer's Agent

George Merryfield

Leco Realty, Inc. License #285635

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x123

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 730 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • Ward Subdivision

Listing and Financial Details

  • Assessor Parcel Number 053038 00008

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: WARD
  • List Price Per Sq Ft: 85
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 730
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Unit
  • Water Sewer: Public Sewer

Lot Info

  • Lot Number: 160
  • Acreage: 0.14
  • Lot Size: 50X123

Tax Info

  • Assessor Parcel Number: 053038 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2021
Closed on
Mar 18, 2022
Sold by
Clutch Investments Llc
Bought by
Bunch Maria
Seller's Agent
Adam Watson
Keller Williams
Buyer's Agent
George Merryfield
Leco Realty, Inc.
List Price
$65,000
Sold Price
$62,100
Premium/Discount to List
-$2,900
-4.46%
Current Estimated Value
$77,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,258
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Jul 20, 2013
Sold by
Meeks Jake and Meeks Emily L
Bought by
Clutch Investments Llc

Purchase Details

Closed on
Aug 31, 2007
Sold by
Higdon Billy J
Bought by
Meeks Jake and Meeks Emily L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
6.62%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 2, 1999
Sold by
Gordon Tracy M
Bought by
Higdon Billy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
8.75%

Purchase Details

Closed on
Nov 30, 1994
Bought by
Gordon Tracy M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bunch Maria $62,100 None Listed On Document
Clutch Investments Llc -- None Available
Meeks Jake $29,000 None Available
Higdon Billy J $28,625 --
Higdon Billy J $28,625 --
Gordon Tracy M $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meeks Jake $31,500
Previous Owner Higdon Billy J $31,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2022 03/18/22 Sold $62,100 +0.2% $621 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
01/26/2022 01/26/22 Price Changed $62,000 -4.6% $620 / Sq Ft
12/14/2021 12/14/21 For Sale $65,000 -- $650 / 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 $304 $15,750 $3,550 $12,200
2024 $304 $8,975 $1,325 $7,650
2023 $547 $8,975 $1,325 $7,650
2022 $547 $8,975 $1,325 $7,650
2021 $310 $8,975 $1,325 $7,650
2020 $223 $6,975 $1,325 $5,650
2019 $223 $6,975 $1,325 $5,650
2018 $223 $6,975 $1,325 $5,650
2017 $228 $6,975 $1,325 $5,650
2016 $351 $8,025 $0 $0
2014 $351 $8,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Watson

    Seller's Agent in 2022

    Adam Watson

    Keller Williams

    (901) 210-6595

    5 in this area

    85 Total Sales

    Adam Watson
    Section Image

  • G

    Buyer's Agent in 2022

    George Merryfield

    Leco Realty, Inc.

    (901) 289-6772

    2 in this area

    22 Total Sales

    George Merryfield
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10114275

Memphis Area Association of REALTORS®

APN: 05-3038-0-0008

Tennessee Shelby County Memphis 38108 Douglass

3991 Leroy Ave, Memphis, TN

Not Listed for Sale

Detached

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