NOT LISTED FOR SALE

5323 Loch Lomond Rd Memphis, TN 38116

Whitehaven Neighborhood

Estimated Value: $103,000 - $142,000

2 Beds
1 Bath
1,500 Sq Ft
$82/Sq Ft Est. Value

Last Sold March 22, 2019

Last sale price $60,000 $40 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $716/month

27 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • 1-Story Property
  • Wood Flooring
  • Central Heating

About This Home

As of March 2019

Solid investment property in a quiet neighborhood with long term tenants. Total income is $1000/mo with room to increase. Make all offers contingent upon inspection, DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Duane Kinnard

Tri-Leake Realty License #335044 Listed on: 02/12/2019

Last Buyer's Agent

Duane Kinnard

Tri-Leake Realty License #335044 Listed on: 02/12/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $602

Year Built

  • Built in 1958

Lot Details

  • 0.34 Acre Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Central Heating
  • Gas Water Heater

Community Details

  • Whitehaven View Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 079132 00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$602

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 768F
  • MAAR Subdivision Name: WHITEHAVEN VIEW
  • Freestanding: Yes
  • List Price Per Sq Ft: 50
  • Number Of Stories: 1
  • Price Per Sq Ft: 40
  • Estimated Sq Ft: 1500
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)
  • Miscellaneous Interior: All Window Treatments

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: 2+ Window Units per Unit
  • Heating: Central
  • Hot Water: Gas

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 13
  • Acreage: 0.34
  • Lot Size: 86.775/90X170/166.775
  • Price Per Acre: 220588

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 079132 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2019
Closed on
Mar 22, 2019
Sold by
Nelson William R
Bought by
Rumolo Paul Vincent
Seller's Agent
Duane Kinnard
Tri-Leake Realty
Buyer's Agent
Duane Kinnard
Tri-Leake Realty
List Price
$75,000
Sold Price
$60,000
Premium/Discount to List
-$15,000
-20%
Current Estimated Value
$123,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,300
Avg. Annual Appreciation
11.80%
Original Mortgage
$45,000
Outstanding Balance
$39,722
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$83,578

Purchase Details

Closed on
Apr 16, 2012
Sold by
Nelson Denise M
Bought by
Nelson William R
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
Rumolo Paul Vincent $60,000 Nexus Title & Escrow
Nelson William R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kearney Nzinga L $2,852
Open Rumolo Paul Vincent $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2019 03/22/19 Sold $60,000 -20.0% $40 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $75,000 -- $50 / 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 $602 $36,880 $6,400 $30,480
2024 $602 $17,760 $4,800 $12,960
2023 $1,082 $17,760 $4,800 $12,960
2022 $1,082 $17,760 $4,800 $12,960
2021 $613 $17,760 $4,800 $12,960
2020 $1,026 $14,160 $4,800 $9,360
2019 $453 $14,160 $4,800 $9,360
2018 $453 $14,160 $4,800 $9,360
2017 $463 $14,160 $4,800 $9,360
2016 $682 $15,600 $0 $0
2014 $682 $15,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Duane Kinnard

    Tri-Leake Realty

    (901) 323-1246

    7 in this area

    127 Total Sales

    Duane Kinnard
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10045848

Memphis Area Association of REALTORS®

APN: 07-9132-0-0002

Tennessee Shelby County Memphis 38116 Whitehaven

5323 Loch Lomond Rd, Memphis, TN

This home is located at 5323 Loch Lomond Rd, Memphis, TN 38116 since 12 February 2019 and is currently estimated at $123,300, approximately $82 per square foot. This property was built in 1958. 5323 Loch Lomond Rd is a home located in Shelby County with nearby schools including Holmes Road Elementary School, Havenview Middle School, and Whitehaven High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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