NOT LISTED FOR SALE

5120 Farmland Way Arlington, TN 38002

Estimated Value: $412,750 - $472,000

4 Beds
3 Baths
2,200-2,399 Sq Ft
$184/Sq Ft Est. Value

Last Sold March 29, 2016

Last sale price $252,731 $105 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,541/month

Highlights

  • Newly Remodeled
  • Landscaped Professionally
  • Traditional Architecture
  • Rivercrest Elementary School Rated A-
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of March 2016

Great Regency Homebuilders Plan- The Ashford. 4 bedrooms 3 baths with outdoor living area. Split bedroom plan with master bath boasting a walk thru shower and 6 ft Jacuzzi tub. This home has double doors that has a grand like appearance and includes hardwood floors, smooth ceilings, granite counter tops, bullnose corners, and stainless steel appliances.

Last Agent to Sell the Property

Toni Smith

BHHS Taliesyn Realty License #322011 Listed on: 09/23/2015

Last Buyer's Agent

Toni Smith

BHHS Taliesyn Realty License #322011 Listed on: 09/23/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,641

Year Built

  • Built in 2015 | Newly Remodeled

Lot Details

  • 0.25 Acre Lot
  • Landscaped Professionally
  • Level Lot

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,250 Sq Ft Home
  • 1.5-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Den with Fireplace
  • Bonus Room
  • Attic Access Panel
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Home Security

  • Burglar Security System
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Side Facing Garage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Upper Level

Community Details

  • Walker Farms Pd Phase 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number B0138A A00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,641

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Upstairs - Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 852A
  • MAAR Subdivision Name: WALKER FARMS PH1
  • List Price Per Sq Ft: 108
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 112.32
  • Prop Construction Status: New Construction (Never Occupied)
  • Estimated Sq Ft: 2250
  • Year Built: 2015
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room
  • Second Story Floor Plan: 4th or More Bedrooms, 1 Bath
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Vaulted/Coffered Primary, Split Bedroom Plan, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Private Full Bath, Smooth Ceiling, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 3
  • Fireplace: Ventless Gas Fireplace, In Den/Great Room, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling
  • Full Bathrooms: 3
  • Equipment: Self Cleaning Oven, Cooktop, Disposal, Dishwasher, Microwave, Cable Wired
  • Living Dining Kitchen: Great Room, Breakfast Bar, Pantry
  • Misc Interior: Walk-In Closet(s), Attic Access, Walk-In Attic, Security System, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Bonus Room, Attic
  • Total Bathrooms: 3
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Vaulted/Coffered Ceiling, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Covered Patio
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Side-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Security: Burglar Alarm, Smoke Detector(s)
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Professionally Landscaped
  • Lot Number: 15
  • Acreage: 0.25
  • Lot Size: 90 X 125 IRR
  • Price Per Acre: 968000

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: B0138A A00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2015
Closed on
Mar 29, 2016
Sold by
Regency Homebuilders Llc
Bought by
Ray Latoria and Ray Rodrick
Seller's Agent
Toni Smith
BHHS Taliesyn Realty
Buyer's Agent
Toni Smith
BHHS Taliesyn Realty
List Price
$242,000
Sold Price
$252,731
Premium/Discount to List
$10,731
4.43%
Current Estimated Value
$442,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,707
Avg. Annual Appreciation
6.02%
Original Mortgage
$248,152
Outstanding Balance
$195,969
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$246,469

Purchase Details

Closed on
Dec 31, 2014
Sold by
Walker Farms Llc
Bought by
Regency Homebuilders Llc
Source: Public Records

Range of Values:

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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
Ray Latoria $252,731 Chicago Title
Regency Homebuilders Llc $125,000 Memphis Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ray Latoria $248,152
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2016 03/29/16 Sold $252,731 +4.4% $115 / Sq Ft
09/23/2015 09/23/15 Pending -- -- --
09/23/2015 09/23/15 For Sale $242,000 -- $110 / 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 $2,641 $106,325 $21,600 $84,725
2024 $2,641 $77,900 $15,000 $62,900
2023 $3,988 $77,900 $15,000 $62,900
2022 $3,988 $77,900 $15,000 $62,900
2021 $4,051 $77,900 $15,000 $62,900
2020 $3,749 $63,750 $10,050 $53,700
2019 $3,749 $63,750 $10,050 $53,700
2018 $3,749 $63,750 $10,050 $53,700
2017 $2,620 $63,750 $10,050 $53,700
2016 $724 $16,575 $0 $0
2014 $240 $5,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Toni Smith

    BHHS Taliesyn Realty

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9962770

Memphis Area Association of REALTORS®

APN: B0-138A-A0-0015

Tennessee Shelby County Arlington 38002

5120 Farmland Way, Arlington, TN

This home is located at 5120 Farmland Way, Arlington, TN 38002 since 23 September 2015 and is currently estimated at $442,438, approximately $184 per square foot. This property was built in 2015. 5120 Farmland Way is a home located in Shelby County with nearby schools including Rivercrest Elementary School, Bon Lin Middle School, and Bartlett High School.

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