NOT LISTED FOR SALE

Estimated Value: $110,000 - $142,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$88/Sq Ft Est. Value

Last Sold June 04, 2024

Last sale price $109,800 $78 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $719/month

89 Days on Market

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Some Wood Windows
  • Deck
  • Wood Flooring
  • Porch

About This Home

As of June 2024

Investment Property. Tenant Rights. Leased through 4/30/2025. Rent $980. Renovated 3BR, 2BA refinished hardwood flooring throughout. Updated kitchen with new tile flooring, appliances, countertops, fixture, cabinetry. Fresh interior painting. Updated bathrooms with new tile, flooring, fixtures, cabinets. Huge backyard with wood deck. Showings and inspections will be arranged with an accepted contract.

Last Agent to Sell the Property

Benjamin Reed

Reed & Associates of Tenn, LLC License #286831 Listed on: 02/23/2024

Co-Listed By

Phillip Kemp

Reed & Associates of Tenn, LLC License #286830

Last Buyer's Agent

Thomas Zettergren

Premier Realty Group, LLC License #350202

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $750

Year Built

  • Built in 1959

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 90x140
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,225 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Combination Dining and Living Room
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Carport
  • Driveway

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Raines Terrace Re Subdivision

Listing and Financial Details

  • Assessor Parcel Number 076050 00065

Home Details

Home Type

Single Family

Est. Annual Taxes

$750

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 767A
  • MAAR Subdivision Name: RAINES TERRACE
  • Number Of Stories: 1
  • Price Per Sq Ft: 89.63
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1225
  • Year Built: 1959
  • List Price/ Sq Ft: 98
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Microwave
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Eat-In Kitchen, Pantry, Washer/Dryer Connections
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch, Deck
  • Exterior Windows: Brick Veneer, Wood Window(s)
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 24
  • Acreage: 0.28
  • Lot Size: 90X140
  • Price Per Acre: 428214

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 076050 00065

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
May 31, 2024
Sold by
East Memphis Properties Llc
Bought by
Hillside Palms Llc
Seller's Agent
Benjamin Reed
Reed & Associates of Tenn, LLC
Buyer's Agent
Thomas Zettergren
Premier Realty Group, LLC
List Price
$124,900
Sold Price
$109,800
Premium/Discount to List
-$15,100
-12.09%
Views
126
Current Estimated Value
$123,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,897
Avg. Annual Appreciation
9.16%
Original Mortgage
$87,840
Outstanding Balance
$86,734
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$36,963

Purchase Details

Listed on
Oct 2, 2020
Closed on
Dec 30, 2020
Sold by
Coster Joseph V
Bought by
East Memphis Properties Llc
Seller's Agent
Tonja Hosey
KAIZEN Realty, LLC
Buyer's Agent
Benjamin Reed
Reed & Associates of Tenn, LLC
List Price
$98,000
Sold Price
$88,775
Premium/Discount to List
-$9,225
-9.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$71,020
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2007
Sold by
Pittman Drafo
Bought by
Hud

Purchase Details

Closed on
Jan 17, 2003
Sold by
Garvin Annie B
Bought by
Pittman Drafo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,426
Interest Rate
5.98%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 1999
Sold by
Garvin Dorothy J
Bought by
Garvin Annie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,376
Interest Rate
7.76%
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
Hillside Palms Llc $109,800 Delta Title Services
East Memphis Properties Llc -- None Available
Coster Joseph V $88,775 Edco Ttl & Closing Svcs Inc
Hud $72,179 None Available
Pittman Drafo $70,000 --
Garvin Annie B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hillside Palms Llc $87,840
Previous Owner Coster Joseph V $71,020
Previous Owner Pittman Drafo $69,426
Previous Owner Garvin Annie B $60,376
Closed Pittman Drafo $5,114
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2024 06/04/24 Sold $109,800 -8.4% $92 / Sq Ft
04/19/2024 04/19/24 Price Changed $119,900 -4.0% $100 / Sq Ft
02/23/2024 02/23/24 For Sale $124,900 +40.7% $104 / Sq Ft
12/30/2020 12/30/20 Sold $88,775 -6.5% $89 / Sq Ft View Prior Sale
11/24/2020 11/24/20 Price Changed $94,900 -3.2% $95 / Sq Ft
10/02/2020 10/02/20 For Sale $98,000 -- $98 / 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 $750 $34,025 $4,625 $29,400
2024 $750 $22,125 $3,350 $18,775
2023 $1,348 $22,125 $3,350 $18,775
2022 $1,348 $22,125 $3,350 $18,775
2021 $1,364 $22,125 $3,350 $18,775
2020 $1,051 $14,500 $3,350 $11,150
2019 $463 $14,500 $3,350 $11,150
2018 $463 $14,500 $3,350 $11,150
2017 $474 $14,500 $3,350 $11,150
2016 $606 $13,875 $0 $0
2014 $606 $13,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10166464

Memphis Area Association of REALTORS®

APN: 07-6050-0-0065