NOT LISTED FOR SALE

4478 Rachael Rd Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $51,000 - $108,000

4 Beds
2 Baths
1,200-1,399 Sq Ft
$64/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $63,000 $45 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $477/month

14 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room

About This Home

As of March 2024

Fantastic investment opportunity! All brick 4 bedroom 2 bathroom property that has been freshly painted and well kept up by the seller. Tenants on a lease paying $1,000/mo. Lease expires 05/01/2024. Walk into a secure investment property. Tenants are on Section 8 - MHA covers $950 of that monthly payment. No wholesalers/assignment. No showings without an accepted offer. Please make offers contingent upon inspection

Last Agent to Sell the Property

Juan Torres

Fast Track Realty, LLC License #370733 Listed on: 03/07/2024

Last Buyer's Agent

Tara Woodley

Zach Taylor Real Estate License #321165

Zach Taylor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $512

Year Built

  • Built in 1970

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 60x239

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,325 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 6 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • O B Gwynns Hawkins Mill Road Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071058 00017

Home Details

Home Type

Single Family

Est. Annual Taxes

$512

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 725B
  • MAAR Subdivision Name: GWYNNS HAWKINS MILL RD
  • Number Of Stories: 1
  • Price Per Sq Ft: 47.55
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1325
  • Year Built: 1970
  • List Price/ Sq Ft: 49
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 4
  • Bedrooms Down: 6
  • Floors/Ceilings: Vinyl/Luxury Vinyl Floor
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Total Bathrooms: 2

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Number: 88
  • Acreage: 0.33
  • Lot Size: 60X239
  • Price Per Acre: 196970

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 071058 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Mar 26, 2024
Sold by
Rental Properties Inc
Bought by
Knight Louis and Knight Kari
Seller's Agent
Juan Torres
Fast Track Realty, LLC
Buyer's Agent
Tara Woodley
Zach Taylor Real Estate
List Price
$65,000
Sold Price
$63,000
Premium/Discount to List
-$2,000
-3.08%
Views
39
Current Estimated Value
$79,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,305
Avg. Annual Appreciation
25.44%

Purchase Details

Closed on
Apr 12, 2023
Sold by
Lopez Timoteo
Bought by
Rental Properties Llc

Purchase Details

Closed on
Sep 14, 2005
Sold by
Deutsche Bank National Trust Co
Bought by
Childs Kenneth

Purchase Details

Closed on
Jun 2, 2005
Sold by
Alexander Sandra Lorelle
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2004-3

Purchase Details

Closed on
Aug 7, 2001
Sold by
Alexander Herman and Alexander Ruth Dell
Bought by
Alexander Herman and Alexander Ruth Dell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,800
Interest Rate
7.02%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Knight Louis $63,000 Tca Title Llc
Rental Properties Llc -- None Listed On Document
Lopez Timoteo $40,000 None Listed On Document
Childs Kenneth $18,500 Edco Title & Closing Service
Deutsche Bank National Trust Co $44,000 --
Alexander Herman -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Childs Kenneth $50,000
Previous Owner Alexander Sandra Lorelle $65,700
Previous Owner Alexander Herman $50,800
Previous Owner Alexander Herman $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Sold $63,000 -3.1% $53 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $65,000 -- $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 $512 $22,075 $1,375 $20,700
2024 -- $15,100 $1,250 $13,850
2023 $920 $15,100 $1,250 $13,850
2022 $920 $15,100 $1,250 $13,850
2021 $931 $15,100 $1,250 $13,850
2020 $792 $10,925 $1,250 $9,675
2019 $792 $10,925 $1,250 $9,675
2018 $792 $10,925 $1,250 $9,675
2017 $449 $10,925 $1,250 $9,675
2016 $500 $11,450 $0 $0
2014 $500 $11,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Juan Torres

    Seller's Agent in 2024

    Juan Torres

    Fast Track Realty, LLC

    (901) 275-6426

    2 in this area

    127 Total Sales

    Section Image
  • Tara Woodley

    Buyer's Agent in 2024

    Tara Woodley

    Zach Taylor Real Estate

    (901) 603-3419

    18 in this area

    94 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10167444

Memphis Area Association of REALTORS®

APN: 07-1058-0-0017

Tennessee Shelby County Memphis 38127 Frayser

4478 Rachael Rd, Memphis, TN

This home is located at 4478 Rachael Rd, Memphis, TN 38127 since 07 March 2024 and is currently estimated at $89,514, approximately $63 per square foot. This property was built in 1970. 4478 Rachael Rd is a home located in Shelby County with nearby schools including Hawkins Mill Elementary School, Georgian Hills Junior High School, and Trezevant High School.

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