NOT LISTED FOR SALE

503 Wayne Elam Rd Ramer, TN 38367

Estimated Value: $175,000 - $235,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$115/Sq Ft Est. Value

Last Sold January 03, 2022

Last sale price $195,000 $108 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,166/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Covered Patio or Porch
  • Wood Flooring
  • Den
  • Eat-In Kitchen

About This Home

As of January 2022

Spacious 3 bed, 2 bath home featuring a separate, rustic den with vaulted ceilings, tile flooring, and fireplace, large living room with hardwood flooring, eat in kitchen with appliances, large primary bedroom with updated bath, partial wrap around covered front porch, partially covered back patio, and storage building sitting on approximately 1.57 acres.

Last Agent to Sell the Property

Brooke Redmon Benton

Action Realty License #301391 Listed on: 10/29/2021

Last Buyer's Agent

Brandi Mangrum

Southern Realty Company License #324542

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $509

Year Built

  • Built in 1998

Lot Details

  • 1.57 Acre Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Vinyl Siding
  • Pier And Beam

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,700 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$509

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 6950
  • List Price Per Sq Ft: 115
  • Number Of Stories: 1
  • Price Per Sq Ft: 114.71
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1700
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Den, Eat-In Kitchen
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Full Bath, Level 1, Walk-In Closet

Exterior Features

  • Misc Exterior: Porch, Covered Patio
  • Exterior Windows: Vinyl Siding
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Acreage: 1.57
  • Lot Size: 1.57
  • Price Per Acre: 124204

Multi Family

  • Number Of Rooms: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Jan 3, 2022
Sold by
Matariyeh Rema
Bought by
Coats John David H and Coats Brittney T
Seller's Agent
Brooke Redmon Benton
Action Realty
Buyer's Agent
Brandi Mangrum
Southern Realty Company
List Price
$195,000
Sold Price
$195,000
Current Estimated Value
$206,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,285
Avg. Annual Appreciation
4.44%
Original Mortgage
$188,491
Outstanding Balance
$175,483
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$52,920

Purchase Details

Listed on
Aug 11, 2016
Closed on
Oct 21, 2016
Sold by
Benton Brooke
Bought by
Matariyeh Rema
Seller's Agent
Brooke Redmon Benton
Action Realty
Buyer's Agent
Brooke Redmon Benton
Action Realty
List Price
$104,900
Sold Price
$92,000
Premium/Discount to List
-$12,900
-12.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.51%
Original Mortgage
$92,929
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jul 19, 2016
Sold by
Deutsche Bank National Trust Company
Bought by
Brooke Benton and Redmon Tracy
Seller's Agent
Courtney Read
Vylla Home
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$62,900
Sold Price
$57,774
Premium/Discount to List
-$5,126
-8.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
543.02%

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jul 5, 2016
Sold by
Deutsche Bank National Tru
Bought by
Benton Brooke and Redmon Tracy
Seller's Agent
Courtney Read
Vylla Home
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$62,900
Sold Price
$57,774
Premium/Discount to List
-$5,126
-8.15%

Purchase Details

Closed on
Apr 1, 2016
Sold by
Wallace Adam
Bought by
Deutsche Bank National Trust Co Trustee and C/O Ocwen Loan Servicing Llc

Purchase Details

Closed on
Oct 28, 1998
Bought by
Wallace Adam B and Lee Ann
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Coats John David H $195,000 None Available
Matariyeh Rema $92,000 --
Brooke Benton $57,800 --
Benton Brooke $57,774 --
Deutsche Bank National Trust Co Trustee $81,000 --
Wallace Adam B $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coats John David H $188,491
Previous Owner Matariyeh Rema $92,929
Previous Owner Adam Wallace $103,500
Previous Owner Wallace Adam B $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2022 01/03/22 Sold $195,000 0.0% $122 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $195,000 +112.0% $122 / Sq Ft
10/21/2016 10/21/16 Sold $92,000 -12.3% $58 / Sq Ft
08/14/2016 08/14/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $104,900 +81.6% $66 / Sq Ft
07/20/2016 07/20/16 Sold $57,774 -8.1% $36 / Sq Ft
06/21/2016 06/21/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $62,900 -- $39 / 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
2024 $509 $32,275 $1,425 $30,850
2023 $580 $32,275 $1,425 $30,850
2022 $580 $36,775 $1,625 $35,150
2021 $541 $26,425 $1,650 $24,775
2020 $541 $26,425 $1,650 $24,775
2019 $531 $25,925 $1,650 $24,275
2018 $531 $25,925 $1,650 $24,275
2017 $531 $25,925 $1,650 $24,275
2016 $520 $25,925 $1,650 $24,275
2015 $542 $25,925 $1,650 $24,275
2014 $541 $25,875 $1,725 $24,150
Source: Public Records

Agents Affiliated with this Home

  • Brooke Redmon Benton

    Seller's Agent in 2022

    Brooke Redmon Benton

    Action Realty

    (731) 610-4197

    275 Total Sales

    Brooke Redmon Benton
    Section Image

  • B

    Buyer's Agent in 2022

    Brandi Mangrum

    Southern Realty Company

    (731) 803-1407

    9 Total Sales

    Brandi Mangrum
    Section Image

  • C

    Seller's Agent in 2016

    Courtney Read

    Vylla Home

    (901) 282-5624

    483 Total Sales

    Courtney Read
    Section Image

  • N

    Buyer's Agent in 2016

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10111780

Memphis Area Association of REALTORS®

APN: 120-028.20

Tennessee Mcnairy County Ramer 38367

503 Wayne Elam Rd, Ramer, TN

This home is located at 503 Wayne Elam Rd, Ramer, TN 38367 since 29 October 2021 and is currently estimated at $206,285, approximately $114 per square foot. This property was built in 1998. 503 Wayne Elam Rd is a home located in McNairy County with nearby schools including Ramer Elementary School, Selmer Elementary School, and Michie Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes