NOT LISTED FOR SALE

5431 Lock Bay Ln Memphis, TN 38135

Estimated Value: $215,000 - $241,448

3 Beds
2 Baths
1,400-1,599 Sq Ft
$140/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $124,000 $78 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,297/month

Highlights

  • Deck
  • Attic
  • Den with Fireplace
  • Traditional Architecture
  • Great Room
  • Breakfast Room

About This Home

As of January 2018

County taxes only. 3 bedrooms, 2 full baths, 2 car garage, 18x15 Greatroom w/ skylight and fireplace w/gas logs. Stainless Steel appliance 2 yrs old, separate laundry room. Master bedroom 16x11, master bath with double vanity. Backyard enclosed with wood fence, deck with grill connected to natural gas, stays. NEW Heat/Air 6 months old, roof approx 6 yrs. Tile in entry, dining, kitchen, breakfast and laundry. Square feet per the appraiser 1,503. https://youtu.be/mdibp2di48M

Last Agent to Sell the Property

Homer and JoAn Craft

Heritage Homes Co. License #271523 Listed on: 12/07/2017

Last Buyer's Agent

Evelyn Irby

Keller Williams License #305752

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,526

Year Built

  • Built in 1984

Lot Details

  • 8,276 Sq Ft Lot
  • Wood Fence
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,503 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Some Wood Windows
  • Entrance Foyer
  • Great Room
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • Pull Down Stairs to Attic
  • Storm Doors

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Riverhill Estates Sec B Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0147B B00026

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,526

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 733B
  • MAAR Subdivision Name: RIVERHILL ESTATES SEC B
  • List Price Per Sq Ft: 79
  • Number Of Stories: 1
  • Price Per Sq Ft: 82.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1503
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Breakfast Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Double Vanity Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Shared Bath, Carpet
  • Bedroom 3 Description: Shared Bath, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Den/Great Room, Gas Logs
  • Floors/Ceilings: Part Carpet, Tile, Sprayed Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: Separate Dining Room, Great Room, Eat-In Kitchen, Washer/Dryer Connections
  • Misc Interior: Walk-In Closet(s), Pull Down Attic Stairs, Sky Light(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Entry Hall, Attic
  • Total Bathrooms: 2
  • Primary Bathroom Description: Double Sinks, Carpet
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Carpet

Exterior Features

  • Misc Exterior: Deck, Wood Fence
  • Exterior Windows: Brick Veneer, Wood/Composition, Storm Door(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 2
  • Parking Display: 2A
  • Parking Storage: Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Central, Gas
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Wood Fenced
  • Lot Number: 43
  • Acreage: 0.19
  • Lot Size: 0.198AC 75 X 115
  • Price Per Acre: 626316

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: D0147B B00026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2017
Closed on
Jan 29, 2018
Sold by
Walker Stephen B and Walker Lynne B
Bought by
Kent Jada J and Kent Walker
Seller's Agent
Homer and JoAn Craft
Heritage Homes Co.
Buyer's Agent
Evelyn Irby
Keller Williams
List Price
$119,000
Sold Price
$124,000
Premium/Discount to List
$5,000
4.2%
Current Estimated Value
$223,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,112
Avg. Annual Appreciation
7.88%
Original Mortgage
$121,754
Outstanding Balance
$104,081
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$119,031
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
Kent Jada J $124,000 Preferred Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kent Jada J $121,754
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold $124,000 +4.2% $89 / Sq Ft
01/14/2018 01/14/18 Pending -- -- --
12/07/2017 12/07/17 For Sale $119,000 -- $85 / 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 $1,526 $64,025 $5,000 $59,025
2024 $1,526 $45,025 $3,875 $41,150
2023 $1,526 $45,025 $3,875 $41,150
2022 $1,526 $45,025 $3,875 $41,150
2021 $1,553 $45,025 $3,875 $41,150
2020 $982 $24,250 $3,875 $20,375
2019 $982 $24,250 $3,875 $20,375
2018 $982 $24,250 $3,875 $20,375
2017 $997 $24,250 $3,875 $20,375
2016 $1,000 $22,875 $0 $0
2014 $1,000 $22,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Homer and JoAn Craft

    Seller's Agent in 2018

    Homer and JoAn Craft

    Heritage Homes Co.

    (901) 377-5537

    6 in this area

    25 Total Sales

    Homer and JoAn Craft
    Section Image

  • E

    Buyer's Agent in 2018

    Evelyn Irby

    Keller Williams

    (901) 261-7900

    2 Total Sales

    Evelyn Irby
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10016842

Memphis Area Association of REALTORS®

APN: D0-147B-B0-0026

Tennessee Shelby County Memphis 38135

5431 Lock Bay Ln, Memphis, TN

This home is located at 5431 Lock Bay Ln, Memphis, TN 38135 since 07 December 2017 and is currently estimated at $223,112, approximately $139 per square foot. This property was built in 1984. 5431 Lock Bay Ln is a home located in Shelby County with nearby schools including Dexter Elementary School, Dexter Middle School, and Bolton High School.

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