NOT LISTED FOR SALE

5122 Jessie Lee Ln Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $153,000 - $196,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$122/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $169,500 $121 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $982/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Some Wood Windows
  • Traditional Architecture
  • Den
  • Tile Flooring

About This Home

As of June 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1250 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 04/17/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $930

Year Built

  • Built in 1965

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 70x130
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,304 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Winchester Gardens Sec C Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074041 00017

Home Details

Home Type

Single Family

Est. Annual Taxes

$930

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 772F
  • MAAR Subdivision Name: WINCHESTER GARDENS SEC C
  • List Price Per Sq Ft: 130
  • Number Of Stories: 1
  • Price Per Sq Ft: 129.98
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1304
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 227
  • Acreage: 0.2
  • Lot Size: 70X130
  • Price Per Acre: 847500

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 074041 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2022
Sold by
Bene Thomas
Bought by
Moon Pie Properties Llc
Current Estimated Value
$170,967

Purchase Details

Listed on
Apr 17, 2022
Closed on
Jun 9, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Bene Thamas
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$169,500
Sold Price
$169,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.26%
Original Mortgage
$101,700
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2022
Sold by
Myers Tony E
Bought by
Memphis Investment Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
3.83%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 28, 2006
Sold by
Cummings Nell W
Bought by
Myers Tony E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
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
Moon Pie Properties Llc -- None Listed On Document
Bene Thamas $169,500 Delta Title Services
Memphis Investment Properties Iii Llc $109,000 Delta Title Services
Myers Tony E $92,000 Lenders Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bene Thamas $101,700
Previous Owner Memphis Investment Properties Iii Llc $139,000
Previous Owner Myers Tony E $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $169,500 0.0% $141 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
04/17/2022 04/17/22 For Sale $169,500 -- $141 / 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 $930 $47,700 $5,000 $42,700
2024 $930 $27,425 $3,350 $24,075
2023 $1,671 $27,425 $3,350 $24,075
2022 $1,209 $19,850 $3,350 $16,500
2021 $685 $19,850 $3,350 $16,500
2020 $1,203 $16,600 $3,350 $13,250
2019 $531 $16,600 $3,350 $13,250
2018 $531 $16,600 $3,350 $13,250
2017 $543 $16,600 $3,350 $13,250
2016 $710 $16,250 $0 $0
2014 $710 $16,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    409 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    426 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10121937

Memphis Area Association of REALTORS®

APN: 07-4041-0-0017

Tennessee Shelby County Memphis 38118 Parkway Village

5122 Jessie Lee Ln, Memphis, TN

This home is located at 5122 Jessie Lee Ln, Memphis, TN 38118 since 17 April 2022 and is currently estimated at $170,967, approximately $122 per square foot. This property was built in 1965. 5122 Jessie Lee Ln is a home located in Shelby County with nearby schools including Evans Elementary School, Wooddale High School, and Cornerstone Prep School.

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