NOT LISTED FOR SALE

4048 Forest Lakes Dr Memphis, TN 38128

Raleigh Neighborhood

Estimated Value: $257,000 - $282,000

5 Beds
2.5 Baths
3,600-3,799 Sq Ft
$72/Sq Ft Est. Value

Last Sold February 13, 2019

Last sale price $185,000 $49 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,615/month

117 Days on Market

Highlights

  • Community Lake
  • Vaulted Ceiling
  • Main Floor Primary Bedroom
  • Wooded Lot
  • Traditional Architecture
  • Whirlpool Bathtub

About This Home

As of February 2019

Welcome Home..Nice size family home...5 bedrooms/2.5 Baths...Two story foyer entrance...Large Great Room, Separate Dining Rm, Eat in Kitchen, Breakfast Bar, and Pantry...Sunroom for evening relaxation...Nice quiet neighborhood. Neighborhood has two fishing lake...one is within walking distance. COUNTY TAXES ONLY!!!

Last Agent to Sell the Property

Mae Moore

Grand Point Realty, LLC License #301437 Listed on: 09/05/2018

Last Buyer's Agent

Stephanie Lewis

Purple Reign Realty License #266211

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,706

Year Built

  • Built in 1988

Lot Details

  • 0.28 Acre Lot
  • Wood Fence
  • Landscaped
  • Level Lot
  • Wooded Lot
  • Few Trees

Home Design

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

Interior Spaces

  • 3,600-3,799 Sq Ft Home
  • 3,774 Sq Ft Home
  • 1.5-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Double Pane Windows
  • Aluminum Window Frames
  • Great Room
  • Separate Formal Living Room
  • Dining Room
  • Home Office
  • Loft
  • Bonus Room
  • Sun or Florida Room
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Monitored
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Front Facing Garage

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Forest Lakes Sec H Subdivision
  • Mandatory Home Owners Association
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number D0147I C00005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,706

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 732D
  • MAAR Subdivision Name: FOREST LAKES SEC H
  • List Price Per Sq Ft: 49
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 49.02
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 3774
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 1/2 Bath, Laundry Room, Sun Room
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, Office, Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Vaulted/Coffered Primary, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Half Bath Down
  • Estimated Heated Sq Ft Range: 3600-3799
  • Bedroom 2 Description: Level 2, Shared Bath, Carpet
  • Bedroom 3 Description: Level 2, Walk-In Closet, Carpet
  • Bedroom 4 Description: Walk-In Closet, Carpet
  • Bedroom 5 Description: Level 2, Vaulted/Coffered Ceilings, Carpet
  • Bedrooms: 5
  • Bedrooms Down: 1
  • Fireplace: Masonry, Gas Logs
  • Floors/Ceilings: Wall to Wall Carpet, Vinyl Floor
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Cooktop, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Great Room, Eat-In Kitchen, Breakfast Bar, Pantry, Washer/Dryer Connections
  • Misc Interior: Pull Down Attic Stairs, Central Vacuum, Smoke Detector(s), Monitored Alarm
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet, Sun Room, Bonus Room, Loft/Balcony
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Separate Shower, Vaulted/Coffered Ceiling, Carpet
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Carpet

Exterior Features

  • Misc Exterior: Porch, Wood Fence
  • Exterior Windows: Brick Veneer, Aluminum Window(s), Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Security: Smoke Detector(s)
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Neighborhood Amenities: Lake
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Wooded, Some Trees, Level, Landscaped
  • Lot Number: 50
  • Acreage: 0.28
  • Lot Size: 12241SF 68.2/88.01+35.93X141.9/121
  • Price Per Acre: 660714

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: D0147I C00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Jan 29, 2019
Sold by
Bryant Randy
Bought by
Butler Tammye
Seller's Agent
Mae Moore
Grand Point Realty, LLC
Buyer's Agent
Stephanie Lewis
Purple Reign Realty
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%
Current Estimated Value
$272,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,425
Avg. Annual Appreciation
5.94%
Original Mortgage
$185,000
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Sep 25, 2007
Sold by
Rogers Ernest and Rogers Gladys
Bought by
Fleming Annette K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 1998
Sold by
Gentry William R and Gentry Deborah K
Bought by
Bryant Randy and Bryant Yvette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,050
Interest Rate
7%
Source: Public Records

Range of Values:

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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
Butler Tammye $185,000 Realty Title & Escrow Co Inc
Fleming Annette K $209,000 None Available
Bryant Randy $159,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butler Tammy J $184,150
Closed Butler Tammye $185,000
Previous Owner Fleming Annette K $209,000
Previous Owner Bryant Randy L $37,500
Previous Owner Bryant Randy L $148,200
Previous Owner Bryant Randy $151,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2019 02/13/19 Sold $185,000 0.0% $51 / Sq Ft
12/17/2018 12/17/18 Price Changed $185,000 -5.1% $51 / Sq Ft
09/05/2018 09/05/18 For Sale $195,000 -- $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 $1,706 $68,875 $6,625 $62,250
2024 $1,706 $50,325 $6,200 $44,125
2023 $1,706 $50,325 $6,200 $44,125
2022 $1,706 $50,325 $6,200 $44,125
2021 $1,736 $50,325 $6,200 $44,125
2020 $1,484 $36,650 $6,200 $30,450
2019 $1,484 $36,650 $6,200 $30,450
2018 $1,484 $36,650 $6,200 $30,450
2017 $1,506 $36,650 $6,200 $30,450
2016 $1,716 $39,275 $0 $0
2014 $1,716 $39,275 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mae Moore

    Seller's Agent in 2019

    Mae Moore

    Grand Point Realty, LLC

    (901) 262-8383

    30 Total Sales

    Mae Moore
    Section Image
  • Stephanie Lewis

    Buyer's Agent in 2019

    Stephanie Lewis

    Purple Reign Realty

    (901) 574-2148

    2 in this area

    67 Total Sales

    Stephanie Lewis
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10035834

Memphis Area Association of REALTORS®

APN: D0-147I-C0-0005

Tennessee Shelby County Memphis 38128 Raleigh

4048 Forest Lakes Dr, Memphis, TN

This home is located at 4048 Forest Lakes Dr, Memphis, TN 38128 since 05 September 2018 and is currently estimated at $272,425, approximately $71 per square foot. This property was built in 1988. 4048 Forest Lakes 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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