NOT LISTED FOR SALE

4039 Faronia Dr Memphis, TN 38116

Whitehaven Neighborhood

Estimated Value: $154,991 - $178,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $118,000 $74 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $953/month

About This Home

As of September 2022

11 House Rental portfolio for sale! This is one house in the package. The owner is looking to sell as a package but may consider breaking apart. All properties in the package are currently rented but the package has room to increase rents. Most of the homes were completely renovated within the last couple years and the properties have been great performers. Make offers subject to inspection and do not disturb tenants. Current list of properties in the package are in the documents section.

Last Agent to Sell the Property

Stephen Akindona

Kairos Realty License #329215 Listed on: 07/08/2022

Last Buyer's Agent

Stephen Akindona

Kairos Realty License #329215 Listed on: 07/08/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $790

Year Built

  • Built in 1956

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 80x140

Parking

  • 1 Parking Space

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,504 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Graceland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 078080 00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$790

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 764B
  • MAAR Subdivision Name: GRACELAND
  • List Price Per Sq Ft: 98
  • Number Of Stories: 1
  • Price Per Sq Ft: 78.46
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1504
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1

Lot Info

  • Lot Number: 143
  • Acreage: 0.25
  • Lot Size: 80X140
  • Price Per Acre: 588000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 078080 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Aug 31, 2022
Sold by
Danielle Wolter
Bought by
Baf 2 Llc
Seller's Agent
Stephen Akindona
Kairos Realty
Buyer's Agent
Stephen Akindona
Kairos Realty
List Price
$147,000
Sold Price
$118,000
Premium/Discount to List
-$29,000
-19.73%
Current Estimated Value
$166,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,498
Avg. Annual Appreciation
11.74%

Purchase Details

Closed on
Mar 4, 2021
Sold by
Went Here 8 This Llc
Bought by
Wolter Danielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,910
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2021
Sold by
Wolter Danielle
Bought by
Went Here & Thrls Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,910
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2020
Sold by
Deek Radwan
Bought by
Khomus Mike

Purchase Details

Closed on
Jun 1, 2020
Sold by
Pegaus Real Estate Services Llc
Bought by
Wolter Danielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,900
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 15, 2020
Sold by
Cook Phillip
Bought by
Pegasus Rea Estate Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,900
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2008
Sold by
Soleil Properties Llc
Bought by
Cook Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2008
Sold by
The Bank Of New York Mellon Trust Co Na
Bought by
Soleil Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2008
Sold by
Ponder Charles and Ponder Dianne
Bought by
The Bank Of New York Trust Co Na and Jpmorgan Chase Bank Na

Purchase Details

Closed on
Aug 28, 2002
Sold by
Lewis Terry A
Bought by
Ponder Charles and Ponder Dianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.37%
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 Buyer Sale Price Title Company
Baf 2 Llc $551,299 Summit Title & Escrow
Wolter Danielle -- None Available
Went Here & Thrls Llc -- Saddle Creek Title Llc
Khomus Mike -- None Available
Wolter Danielle $94,900 Saddle Creek Title Llc
Pegasus Rea Estate Services Llc $70,000 Saddle Creek Title Llc
Cook Phillip $46,900 None Available
Soleil Properties Llc $33,900 Resource Title Agency
The Bank Of New York Trust Co Na $76,500 None Available
Ponder Charles $85,000 Equity Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolter Daniel Marie $108,000
Previous Owner Wolter Danielle $308,910
Previous Owner Wolter Danielle $94,900
Previous Owner Cook Phillip $68,750
Previous Owner Cook Phillip L $70,000
Previous Owner Cook Phillip $63,750
Previous Owner Ponder Charles $70,000
Closed Ponder Charles $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2022 09/13/22 Sold $118,000 -19.7% $84 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $147,000 -- $105 / 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 $790 $36,625 $5,325 $31,300
2024 $790 $23,300 $4,100 $19,200
2023 $1,419 $23,300 $4,100 $19,200
2022 $1,419 $23,300 $4,100 $19,200
2021 $632 $23,300 $4,100 $19,200
2020 $1,371 $18,925 $4,100 $14,825
2019 $605 $18,925 $4,100 $14,825
2018 $605 $18,925 $4,100 $14,825
2017 $619 $18,925 $4,100 $14,825
2016 $854 $19,550 $0 $0
2014 $854 $19,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Akindona

    Seller's Agent in 2022

    Stephen Akindona

    Kairos Realty

    (901) 486-6688

    8 in this area

    85 Total Sales

    Stephen Akindona
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10128371

Memphis Area Association of REALTORS®

APN: 07-8080-0-0007

Tennessee Shelby County Memphis 38116 Whitehaven

4039 Faronia Dr, Memphis, TN

This home is located at 4039 Faronia Dr, Memphis, TN 38116 since 08 July 2022 and is currently estimated at $166,498, approximately $104 per square foot. This property was built in 1956. 4039 Faronia Dr is a home located in Shelby County with nearby schools including Robert R. Church Elementary School, A. Maceo Walker Middle School, and Freedom Preparatory Academy Elementary School.

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