NOT LISTED FOR SALE

7257 E Shelby Dr Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $115,000 - $115,946

1.27 Acres
$90,924 Price per Acre
55,321 Sq Ft Lot

Last Sold June 05, 2019

Last sale price $75,000

Est. 54% increase in value since last sale

Current estimated payment $707/month

136 Days on Market

Highlights

  • 1.27 Acre Lot
  • Corner Lot
  • Level Lot

About This Lot

As of June 2019

!!! THIS IS LIKE A DREAM COME TRUE!!! Imagine having your own day care center or office built to your specs on one of the hottest spot in east Memphis. You can have the building built and lease or lease purchase the building after completion. Take advantage of the Premium location on Germantown Rd and Shelby Dr a high traffic corner. The land is beautiful with some trees and great visibility. This commercial lot already approved for office or day care center. L

Last Agent to Sell the Property

Oliver Peyton

The Peyton Co., Inc., REALTORS License #14896 Listed on: 01/19/2019

Last Buyer's Agent

Oliver Peyton

The Peyton Co., Inc., REALTORS License #14896 Listed on: 01/19/2019

Property Details

Property Type

  • Land

Lot Details

  • 1.27 Acre Lot
  • Corner Lot
  • Level Lot
  • Property is zoned land

Community Details

  • Pinnacle Heights Cp Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0255 00023

Property Details

Property Type

Land

Lot Details

1.27 Acres

Listing Details

  • Class: Land
  • Type: Land
  • Cross Street: GERMANTOWN RD
  • Location: Corner
  • MAAR Subdivision Name: PINNACLE HEIGHTS CP
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Utilities

  • Utilities: Public Water, Public Sewer

Association/Amenities

  • Uses Of Adjacent Area: Retail, Food Service, Professional Office, Commercial, Residential, Multi-Family, Church

Lot Info

  • Lot Number: N 5
  • Acreage: 1.27
  • Lot Size: 220.94 X 234.63 IRR
  • Zoning: land
  • Lots Available: 1 Only
  • Present Usage: None/Vacant
  • Shape: Irregular
  • Topographic Feature: Level, Rolling
  • Zoning Of Adjacent Area: Commercial

Tax Info

  • Assessor Parcel Number: D0255 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2019
Closed on
Jun 5, 2019
Sold by
G M G Properties Llp
Bought by
Gemantown And Shelby Llc
Seller's Agent
Oliver Peyton
The Peyton Co., Inc., REALTORS
Buyer's Agent
Oliver Peyton
The Peyton Co., Inc., REALTORS
List Price
$99,500
Sold Price
$75,000
Premium/Discount to List
-$24,500
-24.62%
Current Estimated Value
$115,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,473
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Jan 18, 2008
Sold by
D H & S Properties
Bought by
Gmg Properties Llp

Purchase Details

Closed on
Mar 30, 2007
Sold by
D H & S Properties
Bought by
Hayes Homes & Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
6.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 16, 2001
Sold by
Evans Berry V
Bought by
D H & S Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8%

Purchase Details

Closed on
Mar 20, 2001
Sold by
Masserano John V Sr Tr
Bought by
Evans Berry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gemantown And Shelby Llc $75,000 None Available
Gmg Properties Llp $180,000 Southern Trust Title Company
D H & S Properties $158,200 Southern Trust Title Company
Hayes Homes & Realty Inc $179,000 Southern Trust Title Company
D H & S Properties $130,000 Southern Escrow Title Co
D H & S Properties $130,000 Southern Escrow Title Co
Evans Berry -- --
Evans Berry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hayes Homes & Realty Inc $143,200
Previous Owner D H & S Properties $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2019 06/05/19 Sold $75,000 -24.6% --
01/19/2019 01/19/19 For Sale $99,500 -- --
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 $1,203 $39,960 $39,960 --
2024 $1,203 $35,480 $35,480 --
2023 $1,203 $35,480 $35,480 $0
2022 $1,203 $35,480 $35,480 $0
2021 $1,437 $35,480 $35,480 $0
2020 $1,437 $35,480 $35,480 $0
2019 $2,569 $35,480 $35,480 $0
2018 $1,437 $35,480 $35,480 $0
2017 $1,458 $35,480 $35,480 $0
2016 $3,258 $74,560 $0 $0
2014 $3,258 $74,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Oliver Peyton

    Seller's Agent in 2019

    Oliver Peyton

    The Peyton Co., Inc., REALTORS

    (901) 351-8692

    3 in this area

    37 Total Sales

    Oliver Peyton
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10044328

Memphis Area Association of REALTORS®

APN: D0-255-0-0023

Tennessee Shelby County Memphis 38125 Southern Shelby County

7257 E Shelby Dr, Memphis, TN

Not Listed for Sale

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