NOT LISTED FOR SALE

5188 Walton Lake Dr Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $80,000 - $124,000

2 Beds
2 Baths
1,000-1,199 Sq Ft
$91/Sq Ft Est. Value

Last Sold October 10, 2017

Last sale price $39,500 $33 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $641/month

Highlights

  • Traditional Architecture
  • Den with Fireplace
  • Walk-In Closet
  • End Unit
  • Covered Patio or Porch
  • Laundry closet

About This Home

As of October 2017

Great investment opportunity!! Home is in need of some TLC but has great bones. This is a 2BD 2BA with a LR/DR combination and a covered patio. Home is being sold "As IS".

Last Agent to Sell the Property

Dana Landry

Foundation Property Management License #286531 Listed on: 08/08/2017

Foundation Property Management

Last Buyer's Agent

Vuanita Jones-McArthur

BEST Real Estate Company License #282781

BEST Real Estate Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $586

Year Built

  • Built in 1989

Lot Details

  • 3,485 Sq Ft Lot
  • End Unit
  • Wood Fence
  • Level Lot

Parking

  • Driveway

Home Design

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

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,045 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Den with Fireplace
  • Laundry closet

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

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

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • Walton Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074034 E00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$586

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit
  • Detached Unit Type: General Residential
  • MLS Map #: 772H
  • MAAR Subdivision Name: WALTON LAKE
  • List Price Per Sq Ft: 39
  • Number Of Stories: 1
  • Price Per Sq Ft: 37.8
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1045
  • Year Built: 1989
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Fireplace: In Den/Great Room
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: LR/DR Combination
  • Misc Interior: Walk-In Closet(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

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

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Wood Fenced
  • Lot Number: 17
  • Acreage: 0.08
  • Lot Size: 3750SF 30X125
  • Price Per Acre: 512500

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 074034 E00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2017
Closed on
Oct 10, 2017
Sold by
Orion Fcu
Bought by
Potts Angeleta
Seller's Agent
Dana Landry
Foundation Property Management
Buyer's Agent
Vuanita Jones-McArthur
BEST Real Estate Company
List Price
$41,000
Sold Price
$39,500
Premium/Discount to List
-$1,500
-3.66%
Current Estimated Value
$109,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,028
Avg. Annual Appreciation
12.15%

Purchase Details

Closed on
Sep 6, 2007
Sold by
Scott Larachel R
Bought by
Orion Federal Credit Union

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,150
Interest Rate
6.55%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 3, 2004
Sold by
Mcgowan Juwanna L Black
Bought by
Scott Larachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,175
Interest Rate
8.25%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Potts Angeleta $39,500 Edco Title & Closing Service
Orion Federal Credit Union $85,800 None Available
Scott Larachel $66,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scott Larachel R $64,150
Previous Owner Scott Larachel $63,175
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2017 10/10/17 Sold $39,500 -3.7% $40 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $41,000 -- $41 / 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 $586 $21,725 $4,000 $17,725
2024 $586 $17,275 $2,750 $14,525
2023 $1,052 $17,275 $2,750 $14,525
2022 $1,052 $17,275 $2,750 $14,525
2021 $1,065 $17,275 $2,750 $14,525
2020 $951 $13,125 $2,750 $10,375
2019 $951 $13,125 $2,750 $10,375
2018 $951 $13,125 $2,750 $10,375
2017 $539 $13,125 $2,750 $10,375
2016 $570 $13,050 $0 $0
2014 $570 $13,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Landry

    Seller's Agent in 2017

    Dana Landry

    Foundation Property Management

    (901) 930-6656

    4 in this area

    349 Total Sales

    Dana Landry
    Section Image
  • Vuanita Jones-McArthur

    Buyer's Agent in 2017

    Vuanita Jones-McArthur

    BEST Real Estate Company

    (662) 420-5881

    2 in this area

    28 Total Sales

    Vuanita Jones-McArthur
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10009343

Memphis Area Association of REALTORS®

APN: 07-4034-E0-0017

Tennessee Shelby County Memphis 38118 Parkway Village

5188 Walton Lake Dr, Memphis, TN

This home is located at 5188 Walton Lake Dr, Memphis, TN 38118 since 08 August 2017 and is currently estimated at $109,528, approximately $91 per square foot. This property was built in 1989. 5188 Walton Lake Dr is a home located in Shelby County with nearby schools including Cromwell Elementary School, Wooddale High School, and Compass Community School Hickory Hill Campus.

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