$74,000
SOLD JUN 18, 2013
3 Beds
2 Baths
1,600-1,799 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$41 Per Sq Ft

3% Below List Price

7 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • 2 Car Attached Garage
  • 1 Fireplace
  • Great Room
  • Eat-In Kitchen

About This Home

As of June 2013

This home is located at 7026 Cross Timber Ln, Memphis, TN 38125 and is currently priced at $74,000, approximately $46 per square foot. This property was built in 1983. 7026 Cross Timber Ln is a home located in Shelby County with nearby schools including Germanshire Elementary School, Kirby High School, and East Academy.

Last Agent to Sell the Property

Alicia Willis

Community Realty, Inc. License #241681 Listed on: 05/01/2013

Last Buyer's Agent

Rustin Randall

Main Street Renewal, LLC License #326617

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,275

Year Built

  • Built in 1983

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,755 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Great Room
  • Separate Formal Living Room
  • Storage Room
  • Laundry Room
  • Wall to Wall Carpet
  • Iron Doors
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Carport
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Georgetown Village Sec B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 093523 N00066

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,275

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: TIMBER RISE
  • MLS Map #: 787A
  • MAAR Subdivision Name: GEORGETOWN VILLAGE SEC B
  • Number Of Stories: 1
  • Price Per Sq Ft: 42.17
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1755
  • Year Built: 1983
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wall to Wall Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Great Room, Eat-In Kitchen
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 66
  • Acreage: 0.23
  • Lot Size: .238AC 80X129.80

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 093523 N00066

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
$228,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,488
Avg. Annual Appreciation
8.94%

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $74,000 Coventry Escrow And Title
Trustee Deed $60,000 None Available
Warranty Deed $146,000 None Available
Special Warranty Deed $94,000 Resource Title Agency Of Tn
Trustee Deed $109,659 None Available
Warranty Deed $130,700 --
Warranty Deed $100,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $57,742,442 Stand Alone Refi Refinance Of Original Loan
Closed $50,000,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $138,700 Purchase Money Mortgage
Previous Owner $101,467 Commercial
Previous Owner $104,550 Fannie Mae Freddie Mac
Previous Owner $12,500 Unknown
Previous Owner $80,400 No Value Available
Closed $26,100 No Value Available
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
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 $1,275 $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

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3270789

Memphis Area Association of REALTORS®

APN: 09-3523-N0-0066