NOT LISTED FOR SALE

5194 Peg Ln Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $317,836 - $382,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$190/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $300,000 $167 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,977/month

20 Days on Market

Highlights

  • Updated Kitchen
  • Deck
  • Soft Contemporary Architecture
  • Richland Elementary School Rated 9+
  • Wood Flooring
  • Separate Formal Living Room

About This Home

As of December 2020

Charming 3BR 2 Bath Brick Cottage in Normandy Meadows. Updated Kitchen w/SS Appliances, Granite, Tile Floors and Backsplash, w/ Gas Cooking. Master Bath remodeled w/ New Vanity, New Shower & Subway Tile. Second Bathroom updated w/ Ceiling Planks, New Vanity, & Tub Refinished. 21x15 Sunroom w/ Storage Benches. HDWD and Tile Floors. Large Laundry Room w/ possible office space. New HVAC in 2018. New Gutters, New Deck, Fenced Level Backyard. Storage Shed beside Deck stays. Carport w/ Oversized Pad.

Last Agent to Sell the Property

Jack Bowman

Enterprise, REALTORS License #307604 Listed on: 11/11/2020

Co-Listed By

Judy Smith

Enterprise, REALTORS License #292088

Last Buyer's Agent

Kenneth Marino

Keller Williams License #288309

Keller Williams

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 70x130
  • Wood Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Soft Contemporary Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,626 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Some Wood Windows
  • Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Screened Porch
  • Pull Down Stairs to Attic

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Burglar Security System
  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • 1 Car Attached Garage
  • Carport
  • Driveway

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

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

Community Details

  • Normandy Meadows 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 064029 00025

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Soft Contemporary
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: NORMANDY MEADOWS 1ST ADD
  • List Price Per Sq Ft: 175
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1626
  • Termite Contract: Yes
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Master Down, Renovated Bathroom, Luxury Master Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Tile, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Continuous Cleaning Oven, Cooktop, Gas Cooking, Disposal, Dishwasher, Microwave, Cable Available
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Breakfast Bar, Washer/Dryer Connections
  • Primary Bathroom Description: Separate Shower, Tile Floor
  • Master Bedroom: Level 1, Full Bath, Hardwood Floor
  • Master Bedroom Dimensions: 15x11
  • Misc Interior: Pull Down Attic Stairs, Security System
  • Other Rooms: Laundry Room, Entry Hall

Exterior Features

  • Misc Exterior: Storage Building, Screen Porch, Deck, Wood Fence
  • Exterior Windows: Brick Veneer, Wood Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Central, Gas
  • Security: Burglar Alarm, Smoke Detector(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Wood Fenced
  • Lot Number: 110
  • Acreage: 0.2
  • Lot Size: 70X130

Tax Info

  • Assessor Parcel Number: 064029 00025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Dec 15, 2020
Sold by
Morris Joshua Ryan
Bought by
Bhula Rishi and Bhula Stephanie Vogel
Seller's Agent
Jack Bowman
Enterprise, REALTORS
Buyer's Agent
Kenneth Marino
Keller Williams
List Price
$285,000
Sold Price
$300,000
Premium/Discount to List
$15,000
5.26%
Current Estimated Value
$342,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,459
Avg. Annual Appreciation
2.59%
Original Mortgage
$294,566
Outstanding Balance
$261,041
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$81,418

Purchase Details

Listed on
Jan 4, 2016
Closed on
Feb 11, 2016
Sold by
Freeman Laura and Freeman Matthew Franklin
Bought by
Morris Joshua Ryan
Seller's Agent
Donnie Morrow
eXp Realty, LLC
Buyer's Agent
Jack Bowman
Enterprise, REALTORS
List Price
$209,900
Sold Price
$210,000
Premium/Discount to List
$100
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%
Original Mortgage
$199,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2006
Sold by
Baker Carr Janet
Bought by
Freeman Matthew Franklin and Freeman Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,120
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 15, 1999
Sold by
Oks Reva T
Bought by
Baker Carr Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,650
Interest Rate
8.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bhula Rishi $300,000 Close Trak Closing & Ttl Svc
Morris Joshua Ryan $210,000 Saddle Creek Title Llc
Freeman Matthew Franklin $183,900 Ct
Baker Carr Janet $129,000 Memphis Title
Baker Carr Janet $129,000 Memphis Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhula Rishi $294,566
Previous Owner Morris Joshua Ryan $199,500
Previous Owner Freeman Matthew Franklin $147,120
Previous Owner Baker Carr Janet $109,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2020 12/15/20 Sold $300,000 +5.3% $188 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $285,000 +35.7% $178 / Sq Ft
02/11/2016 02/11/16 Sold $210,000 0.0% $131 / Sq Ft View Prior Sale
01/11/2016 01/11/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $209,900 -- $131 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $2,392 $79,875 $18,325 $61,550
2024 $2,392 $70,575 $19,325 $51,250
2023 $4,299 $70,575 $19,325 $51,250
2022 $4,299 $70,575 $19,325 $51,250
2021 $2,435 $70,575 $19,325 $51,250
2020 $3,670 $50,650 $19,325 $31,325
2019 $1,619 $50,650 $19,325 $31,325
2018 $1,619 $50,650 $19,325 $31,325
2017 $1,657 $50,650 $19,325 $31,325
2016 $1,977 $45,250 $0 $0
2014 $1,977 $45,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jack Bowman

    Enterprise, REALTORS

    (901) 489-4585

    13 Total Sales

    Jack Bowman
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Judy Smith

    Enterprise, REALTORS

    (901) 569-0403

    1 in this area

    28 Total Sales

    Judy Smith
    Section Image
  • Kenneth Marino

    Buyer's Agent in 2020

    Kenneth Marino

    Keller Williams

    (901) 409-9954

    1 in this area

    82 Total Sales

    Kenneth Marino
    Section Image
  • Karen Marino

    Buyer Co-Listing Agent in 2020

    Karen Marino

    Keller Williams

    (901) 409-9817

    69 Total Sales

    Karen Marino
    Section Image
  • Donnie Morrow

    Seller's Agent in 2016

    Donnie Morrow

    eXp Realty, LLC

    (901) 359-9698

    12 in this area

    534 Total Sales

    Donnie Morrow
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10088669

Memphis Area Association of REALTORS®

APN: 06-4029-0-0025

Tennessee Shelby County Memphis 38117 East Memphis

5194 Peg Ln, Memphis, TN

Not Listed for Sale

Detached

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