Seller's Agent in 2025
Ray Archer
Real Estate Mart of TN, Inc.
(901) 683-2192
1 in this area
36 Total Sales
698 Reed Cir Drummonds, TN 38023
Estimated Value: $425,000 - $473,000
3
Beds
2
Baths
2,200-2,399
Sq Ft
$188/Sq Ft
Est. Value
Highlights
- Water Views
- Lake On Lot
- Two Primary Bathrooms
- Water Access
- 2.15 Acre Lot
- Landscaped Professionally
About This Home
As of April 2025BACKS UPTO LAKE WITH CROSS TIE RETAINER, COVERED RV STORAGE 18'X40' WIRED, DOUBLE GARAGE 24'X30' THAT HAS PLUMBING FOR BATHROOM AND SHOWER, STORAGE ROOM 12'X16', HAS A WELL, FENCED DOG RUN. UPSTAIRS FLOORED, PLUMBED FOR BATHROOM, AND WIRED FOR HEATING AND COOLING. OWNER PURCHASE 30 FOOT LOT where RV storage located that is include in sale. Owner had this home custom built and added two many features to list. Beautiful custom built 3br 2 bath one owner home on over Two-acre lot overlooking lake with personal dock. Sunroom w/gas burning fireplace. Two car Attached garage extra wide, with another two-car detached garage. Lifetime metal roof also has well on property. All appliances stay but not warranted.
Last Agent to Sell the Property
Real Estate Mart of TN, Inc. License #24218 Listed on: 02/22/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 2005
Lot Details
- 2.15 Acre Lot
- Dog Run
- Chain Link Fence
- Landscaped Professionally
- Few Trees
HOA Fees
- $8 Monthly HOA Fees
Home Design
- Traditional Architecture
- Brick Veneer
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 2,200-2,399 Sq Ft Home
- 2,268 Sq Ft Home
- 1.5-Story Property
- Smooth Ceilings
- Ceiling Fan
- Gas Log Fireplace
- Fireplace Features Masonry
- Window Treatments
- Entrance Foyer
- Living Room with Fireplace
- Dining Room
- Bonus Room with Fireplace
- Sun or Florida Room
- Storage Room
- Water Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Kitchen Island
- Instant Hot Water
Flooring
- Wood
- Partially Carpeted
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
- Dressing Area
- Remodeled Bathroom
- Two Primary Bathrooms
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Whirlpool Bathtub
- Bathtub With Separate Shower Stall
Laundry
- Laundry Room
- Dryer
- Washer
Attic
- Attic Access Panel
- Permanent Attic Stairs
Home Security
- Burglar Security System
- Storm Windows
- Storm Doors
- Fire and Smoke Detector
Parking
- 4 Car Attached Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
Accessible Home Design
- Handicap Modified
Outdoor Features
- Water Access
- Lake On Lot
- Patio
- Outdoor Storage
- Porch
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
- 220 Volts
- Electric Water Heater
- Septic Tank
- Cable TV Available
Community Details
- Reed Subdivision
- Mandatory home owners association
Listing and Financial Details
- Assessor Parcel Number 126M 126M B00800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2025
Closed on
Apr 17, 2025
Sold by
Burton Raymond F
Bought by
Petersen Duane and Petersen Kimberly
Seller's Agent
Ray Archer
Real Estate Mart of TN, Inc.
Buyer's Agent
Michelle Smith
Crye-Leike, Inc., REALTORS
List Price
$469,000
Sold Price
$440,000
Premium/Discount to List
-$29,000
-6.18%
Views
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,079
Avg. Annual Appreciation
3.28%
Original Mortgage
$60,000
Outstanding Balance
$58,508
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$393,571
Purchase Details
Closed on
Aug 23, 2004
Sold by
Brown William R
Bought by
Burton Raymond F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.97%
Purchase Details
Closed on
Jun 21, 1999
Sold by
Pwr Corporation
Bought by
Brown William R and Brown Lynn
Purchase Details
Closed on
Dec 10, 1979
Bought by
Pwr Corporation
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Petersen Duane | $440,000 | None Listed On Document | |
| Petersen Duane | $440,000 | None Listed On Document | |
| Burton Raymond F | $50,000 | -- | |
| Brown William R | $36,000 | -- | |
| Pwr Corporation | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Petersen Duane | $60,000 | |
| Closed | Petersen Duane | $60,000 | |
| Previous Owner | Pwr Corporation | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | Sold | $440,000 | -2.0% | $200 / Sq Ft |
| 03/19/2025 03/19/25 | Pending | -- | -- | -- |
| 03/07/2025 03/07/25 | Price Changed | $449,000 | -4.3% | $204 / Sq Ft |
| 02/22/2025 02/22/25 | For Sale | $469,000 | -- | $213 / 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 | $1,600 | $105,125 | $13,325 | $91,800 |
| 2024 | $1,595 | $104,800 | $13,325 | $91,475 |
| 2023 | $1,595 | $104,800 | $13,325 | $91,475 |
| 2022 | $1,516 | $74,325 | $9,800 | $64,525 |
| 2021 | $1,516 | $74,325 | $9,800 | $64,525 |
| 2020 | $1,516 | $74,325 | $9,800 | $64,525 |
| 2019 | $1,607 | $66,425 | $9,800 | $56,625 |
| 2018 | $1,607 | $66,425 | $9,800 | $56,625 |
| 2017 | $1,607 | $66,425 | $9,800 | $56,625 |
| 2016 | $1,607 | $66,425 | $9,800 | $56,625 |
| 2015 | $1,605 | $66,425 | $9,800 | $56,625 |
| 2014 | $1,605 | $66,415 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ray Archer
-
Michelle Smith
Buyer's Agent in 2025
Michelle Smith
Crye-Leike
(901) 570-0141
26 in this area
84 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10190600
APN: 126M-B-008.00
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