NOT LISTED FOR SALE

4020 Lake Forest Dr Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $242,000 - $274,000

3 Beds
2 Baths
2,600-2,799 Sq Ft
$91/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $132,000 $47 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $1,510/month

34 Days on Market

Highlights

  • Water Views
  • Updated Kitchen
  • Traditional Architecture
  • Above Ground Pool
  • Deck
  • Wood Flooring

About This Home

As of May 2014

GORGEOUS 3/4 BR home. 2 stocked lakes for fishing. Aboveground pool w/deck. New countertops and HW floors in DR. Bonus rm w/ loft office area. Seperate dog run. County taxes. Waterview backyard. New heating unit. No showings til 4/1/14. One stop & sell.

Last Agent to Sell the Property

Angela Majors

Bespoke Realty License #292661 Listed on: 03/14/2014

Last Buyer's Agent

Francisca Madden

First National Realty, REALTOR License #279786

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,389

Year Built

  • Built in 1986

Lot Details

  • 0.3 Acre Lot
  • Level Lot

HOA Fees

  • $10 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,600-2,799 Sq Ft Home
  • 2,702 Sq Ft Home
  • 1.5-Story Property
  • Window Treatments
  • Great Room
  • Dining Room
  • Den with Fireplace
  • Bonus Room
  • Play Room
  • Water Views
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • 2 Full Bathrooms
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall
  • Window or Skylight in Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Pool

  • Above Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Satellite Dish
  • Cable TV Available

Community Details

  • Forest Lakes Sec G Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number D0147D C00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,389

Year Built

Built in 1986

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • MLS Map #: 732D
  • MAAR Subdivision Name: FOREST LAKES SEC G
  • List Price Per Sq Ft: 52
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 48.85
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2702
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 1/2 Bath
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, 1 Bath
  • Additional Bedroom Bathroom Info: Primary Down, Luxury Primary Bath, Whirlpool(s), Separate Tub & Shower, Sky Light(s) in Bath
  • Estimated Heated Sq Ft Range: 2600-2799
  • Bedroom 2 Description: Level 2, Carpet
  • Bedroom 3 Description: Level 2, Carpet
  • Bedroom 4 Description: Level 2
  • Bedrooms: 3
  • Bedrooms Down: 1
  • Fireplace: In Den/Great Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Cable Wired, Satellite Dish
  • Living Dining Kitchen: Separate Dining Room, Great Room, Updated/Renovated Kitchen, Eat-In Kitchen, Pantry, Washer/Dryer Connections
  • Misc Interior: All Window Treatments
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Play Room, Bonus Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Whirlpool Tub, Separate Shower
  • P R I M A R Y B E D R O O M: Level 1, Carpet

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Pool Cleaning Equipment, Patio, Deck
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Pool Description: Above Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 120
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Water View
  • Lot Number: 36
  • Acreage: 0.3
  • Lot Size: .303AC80X165
  • Price Per Acre: 466667

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: D0147D C00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2014
Closed on
May 23, 2014
Sold by
Alsobrook Chris and Alsobrook Valerie M
Bought by
Granados Jorge L and Granados Rosalinda Barajas
Seller's Agent
Angela Majors
Bespoke Realty
Buyer's Agent
Francisca Madden
First National Realty, REALTOR
List Price
$140,000
Sold Price
$132,000
Premium/Discount to List
-$8,000
-5.71%
Current Estimated Value
$255,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,988
Avg. Annual Appreciation
6.03%
Original Mortgage
$129,609
Outstanding Balance
$99,626
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$156,073
Source: Public Records

Range of Values:

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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
Granados Jorge L $132,000 Preferred Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Granados Jorge L $129,609
Previous Owner Alsobrook Chris $155,071
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2014 05/23/14 Sold $132,000 -5.7% $51 / Sq Ft
04/17/2014 04/17/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $140,000 -- $54 / 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 $1,389 $56,800 $6,625 $50,175
2024 $1,389 $40,975 $6,200 $34,775
2023 $1,389 $40,975 $6,200 $34,775
2022 $1,389 $40,975 $6,200 $34,775
2021 $1,414 $40,975 $6,200 $34,775
2020 $1,270 $31,350 $6,200 $25,150
2019 $1,270 $31,350 $6,200 $25,150
2018 $1,270 $31,350 $6,200 $25,150
2017 $1,288 $31,350 $6,200 $25,150
2016 $1,522 $34,825 $0 $0
2014 $1,522 $34,825 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Angela Majors

    Bespoke Realty

    (901) 301-1337

    28 Total Sales

    Angela Majors
    Section Image

  • F

    Buyer's Agent in 2014

    Francisca Madden

    First National Realty, REALTOR

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3292612

Memphis Area Association of REALTORS®

APN: D0-147D-C0-0001

Tennessee Shelby County Memphis 38128 Raleigh

4020 Lake Forest Dr, Memphis, TN

This home is located at 4020 Lake Forest Dr, Memphis, TN 38128 since 14 March 2014 and is currently estimated at $255,988, approximately $91 per square foot. This property was built in 1986. 4020 Lake Forest Dr is a home located in Shelby County with nearby schools including Lucy Elementary School, Woodstock Middle School, and Bolton High School.

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