$85,000
SOLD SEP 5, 2025

4031 Drowsy Ln Memphis, TN 38127

Frayser Neighborhood
3 Beds
2 Baths
1,600-1,799 Sq Ft
0.31 Acres

Recently Sold

$47 Per Sq Ft

3% Below List Price

10 Days on Market

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Separate Formal Living Room
  • Two Primary Bathrooms
  • Wood Flooring
  • Some Wood Windows

About This Home

As of September 2025

INVESTOR SPECIAL! CASH ONLY — AS-IS. Vacant & easy to show. 2024 work already done: new kitchen (cabinets/counters/appliances), flooring, fresh interior & exterior paint, and a new roof. Finish it out and add value—perfect for BRRRR or flip. Priced for a quick close. Proof of funds required with all offers.

Last Agent to Sell the Property

Elliot Cerezo

The Home Partners Realty License #383035 Listed on: 08/11/2025

Last Buyer's Agent

Dean Harris

CrestCore Realty MphsBrokerage License #286759

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $678

Year Built

  • Built in 1964

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 42x182
  • Few Trees

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,794 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Dining Room
  • Updated Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Two Primary Bathrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Patio
  • Outdoor Storage

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Georgian Woods Blk A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071034 00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$678

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 725C
  • MAAR Subdivision Name: GEORGIAN WOODS BLK A
  • Number Of Stories: 1
  • Price Per Sq Ft: 47.38
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1794
  • Year Built: 1964
  • List Price/ Sq Ft: 49
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, 2 Full Primary Baths, Full Bath Down, 2185
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Tile, Vinyl/Luxury Vinyl Floor
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, 2193
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Patio, Storage
  • Exterior Windows: Brick Veneer, Wood/Composition, Aluminum Window(s)

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: G1A
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 29
  • Acreage: 0.31
  • Lot Size: 42X182
  • Price Per Acre: 282258
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 071034 00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2025
Closed on
Sep 3, 2025
Sold by
Graham Patricia H
Bought by
Cook Management Group Llc
Seller's Agent
Elliot Cerezo
The Home Partners Realty
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$87,500
Sold Price
$85,000
Premium/Discount to List
-$2,500
-2.86%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
455.67%
Original Mortgage
$111,230
Outstanding Balance
$111,230
Interest Rate
6.72%
Mortgage Type
Construction
Estimated Equity
-$15,388

Purchase Details

Closed on
May 2, 2023
Sold by
Graham Hugh
Bought by
Graham Patricia Harper
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 Type Sale Price Title Company
Warranty Deed $85,000 River City Title & Escrow
Quit Claim Deed -- Advantage Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $111,230 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Sold $85,000 -2.9% $53 / Sq Ft
08/21/2025 08/21/25 Pending -- -- --
08/11/2025 08/11/25 For Sale $87,500 -- $55 / 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 $678 $28,850 $2,525 $26,325
2024 $678 $20,000 $2,275 $17,725
2023 $1,218 $20,000 $2,275 $17,725
2022 $1,218 $20,000 $2,275 $17,725
2021 $1,233 $20,000 $2,275 $17,725
2020 $1,145 $15,800 $2,275 $13,525
2019 $1,145 $15,800 $2,275 $13,525
2018 $1,145 $15,800 $2,275 $13,525
2017 $649 $15,800 $2,275 $13,525
2016 $657 $15,025 $0 $0
2014 $657 $15,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Elliot Cerezo

    The Home Partners Realty

    (901) 305-6047

    1 in this area

    2 Total Sales

    Elliot Cerezo
    Section Image
  • Dean Harris

    Buyer's Agent in 2025

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    212 in this area

    1,432 Total Sales

    Dean Harris
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10203300

Memphis Area Association of REALTORS®

APN: 07-1034-0-0012

Tennessee Shelby County Memphis 38127 Frayser

4031 Drowsy Ln, Memphis, TN

This home is located at 4031 Drowsy Ln, Memphis, TN 38127 and is currently priced at $85,000, approximately $47 per square foot. This property was built in 1964. 4031 Drowsy Ln is a home located in Shelby County with nearby schools including Georgian Hills Achievement Elementary School, Georgian Hills Middle School, and Trezevant High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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