$140,000
SOLD SEP 3, 2013

7251 Nicholas Ln Memphis, TN 38125

Southern Shelby County Neighborhood
4 Beds
2.5 Baths
2,200-2,399 Sq Ft
0.33 Acres

Recently Sold

$58 Per Sq Ft

7% Below List Price

53 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Whirlpool Bathtub
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Loft

About This Home

As of September 2013

This home is located at 7251 Nicholas Ln, Memphis, TN 38125 and is currently priced at $140,000, approximately $63 per square foot. This property was built in 2006. 7251 Nicholas Ln is a home located in Shelby County with nearby schools including Highland Oaks Elementary School, Highland Oaks Middle School, and Southwind High School.

Last Agent to Sell the Property

Harriet Bradley

REMAX Experts License #224038 Listed on: 07/01/2013

REMAX Experts

Last Buyer's Agent

M. Scott Bettis

Crye-Leike Commercial License #292696

Crye-Leike Commercial

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,840

Year Built

  • Built in 2006

Lot Details

  • 0.33 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,223 Sq Ft Home
  • 1.5-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Factory Built Fireplace
  • Double Pane Windows
  • Two Story Entrance Foyer
  • Great Room
  • Dining Room
  • Den with Fireplace
  • Loft
  • Play Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Patio

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Pinnacle Point 1St Addn Ph 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0255Q F00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,840

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: MIGALDI
  • MLS Map #: 789C
  • MAAR Subdivision Name: PINNACLE POINT 1ST ADD PH3
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 62.98
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2223
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 1/2 Bath, 1 Bath
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, 1 Bath, Play Room/Rec Room
  • Additional Bedroom Bathroom Info: Primary Down, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedroom 2 Description: Level 2, Carpet
  • Bedroom 3 Description: Level 2, Carpet
  • Bedroom 4 Description: Level 2, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 1
  • Fireplace: Prefabricated, In Den/Great Room
  • Floors/Ceilings: Wall to Wall Carpet, Wood Laminate Floors, Tile, Vaulted/Coff/Tray Ceiling, Two Story Foyer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher
  • Living Dining Kitchen: Separate Dining Room, Great Room, Eat-In Kitchen, Breakfast Bar, Pantry
  • Misc Interior: Walk-In Closet(s), Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Loft/Balcony
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Carpet
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer, Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s), Dual System
  • Heating: Central, Gas, Dual System
  • Water Sewer: Gas Water Heater

Lot Info

  • Lot Description: Level
  • Lot Number: 118
  • Acreage: 0.33
  • Lot Size: 109.26 X 125 IRR

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: D0255Q F00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2019
Sold by
Progress Residential Borrower 7 Llc
Bought by
Progress Residential Borrower 7 Llc
Current Estimated Value
$296,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,054,000
Outstanding Balance
$422,114,612
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
-$421,818,974

Purchase Details

Listed on
Jul 1, 2013
Closed on
Aug 30, 2013
Sold by
Ba Saidou
Bought by
Freo Tennessee Llc
Seller's Agent
Harriet Bradley
REMAX Experts
Buyer's Agent
M. Scott Bettis
Crye-Leike Commercial
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.47%

Purchase Details

Closed on
Jul 28, 2008
Sold by
Liquidation Properties Inc
Bought by
Ba Saidou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,960
Interest Rate
6.43%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 2007
Sold by
Washington Robert
Bought by
Liquidation Properties Inc

Purchase Details

Closed on
Aug 9, 2006
Sold by
Bowden Building Corp
Bought by
Washington Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,360
Interest Rate
9.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2003
Sold by
Rusco Co
Bought by
David Miller Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,500
Interest Rate
5.82%
Mortgage Type
Construction
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
Interfamily Deed Transfer -- None Available
Warranty Deed $140,000 Realty Title & Escrow Co
Special Warranty Deed $132,000 Landcastle Title Llc
Trustee Deed $127,500 None Available
Corporate Deed $191,360 Southern Trust Title Company
Warranty Deed $280,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $479,054,000 Commercial
Previous Owner $128,699 FHA
Previous Owner $129,960 FHA
Previous Owner $191,360 Purchase Money Mortgage
Previous Owner $288,000 Construction
Previous Owner $280,500 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2015 06/12/15 Rented $1,350 0.0% --
06/01/2015 06/01/15 Under Contract -- -- --
05/07/2015 05/07/15 For Rent $1,350 0.0% --
11/14/2013 11/14/13 Rented $1,350 0.0% --
11/14/2013 11/14/13 Under Contract -- -- --
10/25/2013 10/25/13 For Rent $1,350 0.0% --
09/03/2013 09/03/13 Sold $140,000 -6.6% $64 / Sq Ft
08/23/2013 08/23/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $149,900 -- $68 / 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 $1,840 $68,475 $14,875 $53,600
2024 $1,840 $54,275 $8,750 $45,525
2023 $1,840 $54,275 $8,750 $45,525
2022 $1,840 $54,275 $8,750 $45,525
2021 $1,872 $54,275 $8,750 $45,525
2020 $1,301 $32,125 $8,750 $23,375
2019 $1,301 $32,125 $8,750 $23,375
2018 $1,301 $32,125 $8,750 $23,375
2017 $1,320 $32,125 $8,750 $23,375
2016 $1,244 $28,475 $0 $0
2014 $1,244 $28,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kim Love

    Crye-Leike

    (901) 598-0673

    Section Image
  • Gay Young

    Buyer's Agent in 2015

    Gay Young

    eXp Realty, LLC

    (901) 581-6118

    3 in this area

    229 Total Sales

    Section Image

  • H

    Seller's Agent in 2013

    Harriet Bradley

    RE/MAX

    Section Image
  • M. Scott Bettis

    Buyer's Agent in 2013

    M. Scott Bettis

    Crye-Leike

    (901) 403-8714

    2 in this area

    35 Total Sales

    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3275402

Memphis Area Association of REALTORS®

APN: D0-255Q-F0-0013

Tennessee Shelby County Memphis 38125 Southern Shelby County

7251 Nicholas Ln, Memphis, TN

This home is located at 7251 Nicholas Ln, Memphis, TN 38125 and is currently priced at $140,000, approximately $58 per square foot. This property was built in 2006. 7251 Nicholas Ln is a home located in Shelby County with nearby schools including Highland Oaks Elementary School, Highland Oaks Middle School, and Southwind High School.

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