NOT LISTED FOR SALE

4868 Lorece Ave Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $349,000 - $464,000

3 Beds
2.5 Baths
2,000-2,199 Sq Ft
$174/Sq Ft Est. Value

Last Sold July 25, 2012

Last sale price $232,500 $106 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,162/month

83 Days on Market

Highlights

  • Updated Kitchen
  • Contemporary Architecture
  • Whirlpool Bathtub
  • White Station Middle Rated A-
  • Marble Flooring
  • Great Room

About This Home

As of July 2012

Mid Century Modern with huge lot and all on one floor! Really cool kitchen designed to fit the style of this home w/ gorgeous granite and custom cabinets. Terrazzo floors complete the modern feel of this home.VLtd. den w F.P., ready to move in!!!

Last Agent to Sell the Property

Virginia Sharp

Ware Jones, REALTORS License #267532 Listed on: 05/03/2012

Ware Jones, REALTORS

Last Buyer's Agent

Betsy Kelly

Hobson, REALTORS License #223627

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1957

Lot Details

  • 0.45 Acre Lot
  • Level Lot
  • Few Trees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,158 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Some Wood Windows
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Den with Fireplace

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Whirlpool Bathtub

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • 2 Car Attached Garage
  • Carport

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Lorece Ave 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055063 00015

Home Details

Home Type

Single Family

Year Built

Built in 1957

Lot Details

0.45 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Contemporary
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: LORECE AVE 1ST ADD
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2158
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom, Whirlpool(s), Full Bath Down
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: In Den/Great Room
  • Floors/Ceilings: Part Carpet, Tile, Marble/Terrazzo
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher
  • Living Dining Kitchen: Great Room, LR/DR Combination, Updated/Renovated Kitchen, Pantry, Washer/Dryer Connections
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet, Entry Hall
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Wood Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 1
  • Acreage: 0.45
  • Lot Size: 0.45

Tax Info

  • Assessor Parcel Number: 055063 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2012
Closed on
Jul 25, 2012
Sold by
Sulcer Dana Rhodes and Sulcer Carrie D
Bought by
Rust Amy E and Rust Jeffrey Scott
Seller's Agent
Virginia Sharp
Ware Jones, REALTORS
Buyer's Agent
Betsy Kelly
Hobson, REALTORS
List Price
$244,000
Sold Price
$232,500
Premium/Discount to List
-$11,500
-4.71%
Current Estimated Value
$382,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,505
Avg. Annual Appreciation
3.73%
Original Mortgage
$228,288
Outstanding Balance
$153,841
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$228,164

Purchase Details

Closed on
Aug 20, 2007
Sold by
Sulcer Dana R and Sulcer Dana Rhodes
Bought by
Sulcer Dana Rhodes and Sulcer Carrie D

Purchase Details

Closed on
Nov 27, 2006
Sold by
Aiken Steven Paul and Aiken Janice M
Bought by
Sulcer Dana R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1999
Sold by
Marmino Allida T
Bought by
Aiken Steven Paul and Aiken Janice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
6.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rust Amy E $232,500 Home Surety Title & Escrow L
Sulcer Dana Rhodes -- None Available
Sulcer Dana R $229,000 None Available
Aiken Steven Paul $108,000 --
Aiken Steven Paul $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rust Amy E $228,288
Previous Owner Sulcer Dana R $150,000
Previous Owner Aiken Steven Paul $86,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2012 07/25/12 Sold $232,500 -4.7% $116 / Sq Ft
07/25/2012 07/25/12 Pending -- -- --
05/03/2012 05/03/12 For Sale $244,000 -- $122 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $2,397 $87,750 $30,500 $57,250
2024 $2,397 $70,700 $30,500 $40,200
2023 $4,307 $70,700 $30,500 $40,200
2022 $4,307 $70,700 $30,500 $40,200
2021 $4,357 $70,700 $30,500 $40,200
2020 $4,190 $57,825 $30,500 $27,325
2019 $4,190 $57,825 $30,500 $27,325
2018 $4,190 $57,825 $30,500 $27,325
2017 $2,377 $57,825 $30,500 $27,325
2016 $2,448 $56,025 $0 $0
2014 $2,448 $56,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Virginia Sharp

    Seller's Agent in 2012

    Virginia Sharp

    Ware Jones, REALTORS

    (901) 359-3601

    24 in this area

    56 Total Sales

    Virginia Sharp
    Section Image
  • Betsy Kelly

    Buyer's Agent in 2012

    Betsy Kelly

    Hobson, REALTORS

    (901) 870-6244

    21 in this area

    36 Total Sales

    Betsy Kelly
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3246568

Memphis Area Association of REALTORS®

APN: 05-5063-0-0015

Tennessee Shelby County Memphis 38117 East Memphis

4868 Lorece Ave, Memphis, TN

Not Listed for Sale

Detached

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