NOT LISTED FOR SALE

5031 Locust Bend Rd Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $419,000 - $543,000

4 Beds
5 Baths
6,276 Sq Ft
$76/Sq Ft Est. Value

About This Home

This home is located at 5031 Locust Bend Rd, Memphis, TN 38125 and is currently estimated at $475,255, approximately $75 per square foot. 5031 Locust Bend Rd is a home located in Shelby County with nearby schools including Southwind Elementary School, Highland Oaks Middle School, and Southwind High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2022
Sold by
Brad Dacus
Bought by
Rizvi Tracey
Current Estimated Value
$475,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500
Interest Rate
5.7%
Mortgage Type
New Conventional

Range of Values:

Collateral Analytics

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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.

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First American

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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.

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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
Rizvi Tracey $445,000 Regency Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rizvi Tracey $40,000
Closed Rizvi Tracey $6,500
Open Rizvi Tracey $445,000
Previous Owner Dacus Brad $150,000
Previous Owner Dacus Brad L $235,000
Previous Owner Dacus Brad $150,000
Previous Owner Dacus Brad $50,000
Source: Public Records

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 $3,679 $108,525 $12,675 $95,850
2023 $3,679 $108,525 $12,675 $95,850
2022 $3,679 $108,525 $12,675 $95,850
2021 $3,259 $108,525 $12,675 $95,850
2020 $3,259 $80,475 $12,675 $67,800
2019 $3,259 $80,475 $12,675 $67,800
2018 $3,259 $80,475 $12,675 $67,800
2017 $3,477 $84,600 $12,675 $71,925
2016 $3,387 $77,500 $0 $0
2014 $3,387 $77,500 $0 $0
Source: Public Records

Map

Tennessee Shelby County Memphis 38125 Southern Shelby County

5031 Locust Bend Rd, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 5031 Locust Bend Rd, Memphis, TN 38125 and is currently estimated at $475,255, approximately $75 per square foot. 5031 Locust Bend Rd is a home located in Shelby County with nearby schools including Southwind Elementary School, Highland Oaks Middle School, and Southwind High School.

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