NOT LISTED FOR SALE

7305 Richmond Rd Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $264,000 - $290,000

4 Beds
2 Baths
2,000-2,199 Sq Ft
$125/Sq Ft Est. Value

Last Sold May 07, 2019

Last sale price $173,000 $79 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,616/month

4 Days on Market

Highlights

  • Vaulted Ceiling
  • Whirlpool Bathtub
  • Covered patio or porch
  • Traditional Architecture
  • Great Room
  • Some Wood Windows

About This Home

As of May 2019

Lovely 4 bedroom 2 bath home with a spacious open floor plan. Inside features a split bedroom plan, spacious master with a luxury master bath and two additional bedrooms have access to the second bathroom with double vanity. The eat in kitchen offers lots of natural light. Home also has a separate dining room for family gatherings. All rooms are spacious and the roof is approximately 5 years old. Seller will have the carpet cleaned and stretched prior to closing.

Last Agent to Sell the Property

Alicestine Payne

Crye-Leike, Inc., REALTORS License #237352 Listed on: 04/01/2019

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Arian Davis

KAIZEN Realty, LLC License #336473

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,667

Year Built

  • Built in 1987

Lot Details

  • 10,019 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,086 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Factory Built Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Great Room
  • Dining Room
  • Den with Fireplace
  • Wall to Wall Carpet
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Covered patio or porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • Richmond Oaks Fnl Pl Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0241B A00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,667

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional, Ranch
  • Detached Unit Type: General Residential
  • Cross Street: Germantown
  • MLS Map #: 787E
  • MAAR Subdivision Name: RICHMOND OAKS
  • List Price Per Sq Ft: 83
  • Number Of Stories: 1
  • Price Per Sq Ft: 82.93
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2086
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Split Bedroom Plan, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedroom 2 Description: Shared Bath, Carpet
  • Bedroom 3 Description: Shared Bath, Carpet
  • Bedroom 4 Description: Carpet
  • Bedrooms: 4
  • Bedrooms Down: 3
  • Fireplace: Prefabricated, In Den/Great Room
  • Floors/Ceilings: Wall to Wall Carpet, Sprayed Ceiling, Vaulted/Coff/Tray Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Continuous Cleaning Oven, Disposal, Dishwasher
  • Living Dining Kitchen: Separate Dining Room, Great Room, Eat-In Kitchen, Pantry, Washer/Dryer Connections
  • Misc Interior: Walk-In Closet(s), Pull Down Attic Stairs
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath, Vaulted/Coffered Ceiling, Carpet

Exterior Features

  • Misc Exterior: Covered Patio
  • Exterior Windows: Brick Veneer, Wood/Composition, 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)
  • Heating: Central, Gas
  • Water Sewer: Electric Water Heater

Lot Info

  • Lot Description: Some Trees, Landscaped, Wood Fenced
  • Lot Number: 9
  • Acreage: 0.23
  • Lot Size: .230AC 85X118
  • Price Per Acre: 752174

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: D0241B A00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
May 9, 2019
Sold by
Colbert Robert E
Bought by
Wright Marcus T and Jones Torcy Y
Seller's Agent
Alicestine Payne
Crye-Leike, Inc., REALTORS
Buyer's Agent
Arian Davis
KAIZEN Realty, LLC
List Price
$170,000
Sold Price
$173,000
Premium/Discount to List
$3,000
1.76%
Current Estimated Value
$269,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,908
Avg. Annual Appreciation
7.72%
Original Mortgage
$176,719
Outstanding Balance
$156,642
Interest Rate
4.2%
Mortgage Type
VA
Estimated Equity
$119,129

Purchase Details

Listed on
Apr 1, 2019
Closed on
Mar 11, 2019
Sold by
Colbert Robert E and Colbert Sasha Virginia
Bought by
Colbert Robert E
Seller's Agent
Alicestine Payne
Crye-Leike, Inc., REALTORS
Buyer's Agent
Arian Davis
KAIZEN Realty, LLC
List Price
$170,000
Sold Price
$173,000
Premium/Discount to List
$3,000
1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,719
Outstanding Balance
$156,642
Interest Rate
4.2%
Mortgage Type
VA
Estimated Equity
$119,129

Purchase Details

Listed on
Nov 11, 2014
Closed on
Nov 25, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Colbert Robert E and Colbert Sosha Virginia
Seller's Agent
Vanessa Marshall
BenchMark REALTORS, LLC
Buyer's Agent
Alicestine Payne
Crye-Leike, Inc., REALTORS
List Price
$129,900
Sold Price
$136,000
Premium/Discount to List
$6,100
4.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%
Original Mortgage
$133,536
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 6, 2014
Sold by
Turner Dynesha
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 13, 2007
Sold by
Dortch Ida
Bought by
Turner Dynesha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2002
Sold by
Mccollough Essie M
Bought by
Dortch Richard and Dortch Ida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.52%

Purchase Details

Closed on
Sep 30, 1994
Bought by
Eugene Mccollough and Eugene Essie
Source: Public Records

Range of Values:

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Average Value
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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
Wright Marcus T $173,000 Multiple
Colbert Robert E -- None Available
Colbert Robert E $136,000 Realty Title & Escrow Co
Federal Home Loan Mortgage Corporation $96,000 None Available
Turner Dynesha $148,000 Old South Title
Dortch Richard $148,000 West Tennessee Title
Eugene Mccollough $109,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Marcus T $176,719
Previous Owner Colbert Robert E $133,563
Previous Owner Colbert Robert E $133,536
Previous Owner Turner Dynesha $148,000
Previous Owner Dortch Richard $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2019 05/07/19 Sold $173,000 0.0% $87 / Sq Ft
04/22/2019 04/22/19 Price Changed $173,000 +1.8% $87 / Sq Ft
04/01/2019 04/01/19 For Sale $170,000 +25.0% $85 / Sq Ft
12/29/2014 12/29/14 Sold $136,000 +4.7% $68 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
11/11/2014 11/11/14 For Sale $129,900 -- $65 / 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 $1,667 $71,500 $13,175 $58,325
2024 $1,667 $49,175 $6,600 $42,575
2023 $1,667 $49,175 $6,600 $42,575
2022 $1,667 $49,175 $6,600 $42,575
2021 $1,697 $49,175 $6,600 $42,575
2020 $1,571 $38,800 $6,600 $32,200
2019 $1,571 $38,800 $6,600 $32,200
2018 $1,571 $38,800 $6,600 $32,200
2017 $1,595 $38,800 $6,600 $32,200
2016 $1,300 $29,750 $0 $0
2014 $1,300 $29,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alicestine Payne

    Seller's Agent in 2019

    Alicestine Payne

    Crye-Leike

    (901) 652-3708

    9 in this area

    98 Total Sales

    Section Image

  • A

    Buyer's Agent in 2019

    Arian Davis

    KAIZEN Realty, LLC

    Section Image

  • V

    Seller's Agent in 2014

    Vanessa Marshall

    BenchMark REALTORS, LLC

    (901) 461-8676

    2 in this area

    31 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10049270

Memphis Area Association of REALTORS®

APN: D0-241B-A0-0009

Tennessee Shelby County Memphis 38125 Southern Shelby County

7305 Richmond Rd, Memphis, TN

This home is located at 7305 Richmond Rd, Memphis, TN 38125 since 01 April 2019 and is currently estimated at $275,771, approximately $125 per square foot. This property was built in 1987. 7305 Richmond Rd is a home located in Shelby County with nearby schools including Lowrance Elementary School, Southwind High School, and Power Center Academy - Southeast.

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