NOT LISTED FOR SALE

702 Meditation Ln Memphis, TN 38103

South Main Neighborhood

Estimated Value: $699,000 - $800,000

4 Beds
4 Baths
3,644 Sq Ft
$205/Sq Ft Est. Value

About This Home

This home is located at 702 Meditation Ln, Memphis, TN 38103 and is currently estimated at $747,446, approximately $205 per square foot. 702 Meditation Ln is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Memphis Scholars Florida Kansas.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2024
Sold by
27 W Carolina Llc
Bought by
Carolina Terrace Rentals 2 Llc
Current Estimated Value
$747,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,519,200
Outstanding Balance
$2,485,329
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
-$1,737,883
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Carolina Terrace Rentals 2 Llc -- Saddle Creek Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carolina Terrace Rentals 2 Llc $2,519,200
Source: Public Records

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 $5,415 $217,650 $30,000 $187,650
2024 $710 $169,475 $9,550 $159,925
2023 $1,601 $26,275 $9,550 $16,725
2022 $582 $9,550 $9,550 $0
Source: Public Records

Map

Tennessee Shelby County Memphis 38103 South Main

702 Meditation Ln, Memphis, TN

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