NOT LISTED FOR SALE

7026 Cross Timber Ln Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $169,000 - $239,000

3 Beds
2 Baths
1,744 Sq Ft
$119/Sq Ft Est. Value

Last Sold June 18, 2013

Last sale price $74,000 $42 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $1,274/month

About This Home

As of June 2013

Classic styling & decor in this lovely 3BR/2BA gem that is sure to please! Available now & offering over 1,700 sq ft of living space, you'll love the cozy living room w/grand masonry fireplace & vaulted ceiling; eat in kitchen w/updated STAINLESS appliances, granite counter tops, and tons of cabinet space; main bedroom/bath combo w/walk in closet; crown molding throughout; formal dining room; attached 2-car carport; and open backyard w/deck & fence. *Pet Friendly*

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2013
Closed on
Jun 18, 2013
Sold by
Tri & State Bank Of Memphis
Bought by
Rac2 Llc
Seller's Agent
Alicia Willis
Community Realty, Inc.
Buyer's Agent
Rustin Randall
Main Street Renewal, LLC
List Price
$76,000
Sold Price
$74,000
Premium/Discount to List
-$2,000
-2.63%
Current Estimated Value
$208,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,004
Avg. Annual Appreciation
9.02%

Purchase Details

Closed on
Jun 6, 2012
Sold by
Coston Rosalind
Bought by
Tri State Bank Of Memphis

Purchase Details

Closed on
May 18, 2007
Sold by
Jarrett Greg
Bought by
Coston Rosalind

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2007
Sold by
Us Bank Na
Bought by
Jarrett Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2006
Sold by
Pettis George
Bought by
Us Bank Na

Purchase Details

Closed on
Sep 30, 2005
Sold by
Scott Marketta R
Bought by
Pettis George B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,550
Interest Rate
7.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 30, 1998
Sold by
Gary Powers and Gary Patricia
Bought by
Scott Michael D and Scott Tammy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,400
Interest Rate
7.01%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Rac2 Llc $74,000 Coventry Escrow And Title
Tri State Bank Of Memphis $60,000 None Available
Coston Rosalind $146,000 None Available
Jarrett Greg $94,000 Resource Title Agency Of Tn
Us Bank Na $109,659 None Available
Pettis George B $130,700 --
Scott Michael D $100,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rac 2 Llc $57,742,442
Closed Rac 2 Llc $50,000,000
Previous Owner Coston Rosalind $138,700
Previous Owner Jarrett Greg $101,467
Previous Owner Pettis George B $104,550
Previous Owner Scott Michael D $12,500
Previous Owner Scott Michael D $80,400
Closed Pettis George B $26,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Rented $1,155 0.0% --
03/02/2018 03/02/18 Under Contract -- -- --
08/28/2017 08/28/17 For Rent $1,155 0.0% --
06/18/2013 06/18/13 Sold $74,000 -2.6% $46 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $76,000 -- $48 / Sq Ft

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 $1,275 $58,550 $12,650 $45,900
2024 $1,275 $37,600 $6,525 $31,075
2023 $2,290 $37,600 $6,525 $31,075
2022 $2,290 $37,600 $6,525 $31,075
2021 $2,317 $37,600 $6,525 $31,075
2020 $1,877 $25,900 $6,525 $19,375
2019 $1,877 $25,900 $6,525 $19,375
2018 $1,877 $25,900 $6,525 $19,375
2017 $1,064 $25,900 $6,525 $19,375
2016 $1,072 $24,525 $0 $0
2014 $1,072 $24,525 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Ceylon Blackwell

    Main Street Renewal, LLC

  • A

    Seller's Agent in 2013

    Alicia Willis

    Community Realty, Inc.

    (901) 272-0130

    9 Total Sales

    Alicia Willis
    Section Image

  • R

    Buyer's Agent in 2013

    Rustin Randall

    Main Street Renewal, LLC

    (480) 694-1515

    1,341 Total Sales

    Section Image
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Map

Tennessee Shelby County Memphis 38125 Southern Shelby County

7026 Cross Timber Ln, Memphis, TN

This home is located at 7026 Cross Timber Ln, Memphis, TN 38125 and is currently estimated at $208,004, approximately $119 per square foot. 7026 Cross Timber Ln is a home located in Shelby County with nearby schools including Germanshire Elementary School, Kirby High School, and East Academy.

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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