5205 Drexel Ave Memphis, TN 38135
Estimated Value: $145,000 - $231,000
3
Beds
2
Baths
2,415
Sq Ft
$84/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Separate Formal Living Room
- 2 Car Attached Garage
- 1 Fireplace
- Porch
- Eat-In Kitchen
About This Home
As of May 2014This is a Fannie Mae HomePath property. Large 3 bedroom 2 bath home with a huge den on the rear and a 2 car garage. This is located close to schools and shopping and approved for HomePath Renovation financing. Purchase this for as little as 5% down.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,316
Year Built
- Built in 1971
Lot Details
- 0.38 Acre Lot
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
Interior Spaces
- 2,415 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Separate Formal Living Room
- Partially Carpeted
- Eat-In Kitchen
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Attached Garage
- Front Facing Garage
Outdoor Features
- Porch
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
Community Details
- Vista Hgts Subdivision
Listing and Financial Details
- Assessor Parcel Number 087012 00005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 2, 2016
Sold by
Timber Holdings Llc
Bought by
True Mem2016 1 Llc
Total Days on Market
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,884,000
Outstanding Balance
$3,970,469
Interest Rate
3.57%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$3,770,395
Purchase Details
Listed on
Mar 28, 2014
Closed on
May 16, 2014
Sold by
Fannie Mae
Bought by
Timber Holdings Llc
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Jimmy Kennedy
KAIZEN Realty, LLC
List Price
$59,900
Sold Price
$63,500
Premium/Discount to List
$3,600
6.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Purchase Details
Closed on
Jul 2, 2007
Sold by
Boyd Lachell
Bought by
Federal National Mortgage Association
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,250
Interest Rate
6.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 10, 2007
Sold by
Hud
Bought by
Boyd Lachell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,500
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 29, 2006
Sold by
Caradine Lee
Bought by
Hud
Purchase Details
Closed on
Oct 12, 2001
Sold by
Moore Janet D
Bought by
Caradine Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,600
Interest Rate
6.67%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Memphis, TN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| True Mem2016 1 Llc | -- | Wfg National Title Insurance | |
| Timber Holdings Llc | $63,500 | Realty Title & Escrow Co | |
| Federal National Mortgage Association | $93,859 | None Available | |
| Hud | $107,985 | None Available | |
| Caradine Lee | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | True Mem2016 1 Llc | $4,884,000 | |
| Closed | True Mem2oi6 1 Llc | $4,884,000 | |
| Previous Owner | Boyd Lachell | $91,250 | |
| Previous Owner | Boyd Lachell | $81,500 | |
| Previous Owner | Caradine Lee | $88,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2014 05/16/14 | Sold | $63,500 | +6.0% | $26 / Sq Ft |
| 05/06/2014 05/06/14 | Pending | -- | -- | -- |
| 03/28/2014 03/28/14 | For Sale | $59,900 | -- | $25 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $1,316 | $38,825 | $3,875 | $34,950 |
| 2023 | $2,365 | $38,825 | $3,875 | $34,950 |
| 2022 | $2,365 | $38,825 | $3,875 | $34,950 |
| 2021 | $2,393 | $38,825 | $3,875 | $34,950 |
| 2020 | $2,016 | $27,825 | $3,875 | $23,950 |
| 2019 | $2,016 | $27,825 | $3,875 | $23,950 |
| 2018 | $2,016 | $27,825 | $3,875 | $23,950 |
| 2017 | $1,144 | $27,825 | $3,875 | $23,950 |
| 2016 | $1,146 | $26,225 | $0 | $0 |
| 2014 | $1,146 | $26,225 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jimmie Tapley
Seller's Agent in 2014
Jimmie Tapley
Crye-Leike, Inc., REALTORS
(901) 336-7898
15 in this area
289 Total Sales
-
Jimmy Kennedy
J
Buyer's Agent in 2014
Jimmy Kennedy
KAIZEN Realty, LLC
(901) 221-4041
2 in this area
53 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 3293618
APN: 08-7012-0-0005
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