NOT LISTED FOR SALE

740 Margo Ln Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $182,000 - $194,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$105/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $155,000 $86 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,079/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Separate Formal Living Room
  • Wood Flooring
  • Attic
  • Bonus Room

About This Home

As of May 2021

Welcome home! This all brick 3 BR, 2 Bath home with a Bonus Room provides many spaces to relax and enjoy. Throughout, you'll find spacious rooms with smooth ceilings, hardwood flooring, and lots of windows that offer great natural lighting. Included are a separate living room, den, dining room, and breakfast area. There is ample room for storage, including two walk-in attics. The cove lot provides a lovely private backyard, great for entertaining, a rear load garage, and a wired workshop.

Last Agent to Sell the Property

Rita Hallum

Crye-Leike, Inc., REALTORS License #270644 Listed on: 04/24/2021

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Juan Casem

Crye-Leike Inc., REALTORS License #248712

Crye-Leike Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $920

Year Built

  • Built in 1965

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35x106
  • Wood Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,699 Sq Ft Home
  • 1.2-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Some Wood Windows
  • Window Treatments
  • Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Bonus Room
  • Washer and Dryer Hookup
  • Attic

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Home Security

  • Storm Windows
  • Fire and Smoke Detector
  • Termite Clearance
  • Iron Doors

Parking

  • 1 Car Detached Garage
  • Side Facing Garage
  • Garage Door Opener

Outdoor Features

  • Cove
  • Patio
  • Separate Outdoor Workshop

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Margo Lane 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 054004 00062

Home Details

Home Type

Single Family

Est. Annual Taxes

$920

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Owen Rd
  • MLS Map #: 752F
  • MAAR Subdivision Name: MARGO LANE 1ST ADD
  • List Price Per Sq Ft: 79
  • Number Of Stories: 1.2
  • Price Per Sq Ft: 91.23
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1699
  • Termite Contract: Yes
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Master Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Eat-In Kitchen, Washer/Dryer Connections
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1, Full Bath, Smooth Ceiling, Hardwood Floor
  • Master Bedroom Dimensions: 14x11
  • Misc Interior: All Window Treatments, Walk-In Attic, Cat/Dog Free House, Smoke Detector(s)
  • Other Rooms: Bonus Room, Entry Hall
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Patio, Workshop
  • Exterior Windows: Brick Veneer, Wood Window(s), Storm Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1D
  • Parking Storage: Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Security: Smoke Detector(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Cove, Landscaped, Wood Fenced
  • Lot Number: 5
  • Acreage: 0.08
  • Lot Size: 35X106
  • Price Per Acre: 1687500

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 054004 00062

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2021
Closed on
May 19, 2021
Sold by
White Carolyn Jane and White William Isaac
Bought by
Porter Ray
Seller's Agent
Rita Hallum
Crye-Leike, Inc., REALTORS
Buyer's Agent
Juan Casem
Crye-Leike Inc., REALTORS
List Price
$135,000
Sold Price
$155,000
Premium/Discount to List
$20,000
14.81%
Total Days on Market
2
Current Estimated Value
$188,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,884
Avg. Annual Appreciation
5.02%
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 Buyer Sale Price Title Company
Porter Ray $155,000 Erickson Title & Closing Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $155,000 +14.8% $97 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/24/2021 04/24/21 For Sale $135,000 -- $84 / 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 $920 $42,700 $6,750 $35,950
2024 $920 $27,150 $4,000 $23,150
2023 $1,654 $27,150 $4,000 $23,150
2022 $1,654 $27,150 $4,000 $23,150
2021 $937 $27,150 $4,000 $23,150
2020 $1,447 $19,975 $2,525 $17,450
2019 $638 $19,975 $2,525 $17,450
2018 $638 $19,975 $2,525 $17,450
2017 $653 $19,975 $2,525 $17,450
2016 $926 $21,200 $0 $0
2014 $926 $21,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rita Hallum

    Seller's Agent in 2021

    Rita Hallum

    Crye-Leike

    (901) 277-6356

    4 in this area

    110 Total Sales

    Rita Hallum
    Section Image
  • Juan Casem

    Buyer's Agent in 2021

    Juan Casem

    Crye-Leike

    (901) 216-5529

    12 in this area

    143 Total Sales

    Juan Casem
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10097874

Memphis Area Association of REALTORS®

APN: 05-4004-0-0062

Tennessee Shelby County Memphis 38122 Berclair

740 Margo Ln, Memphis, TN

This home is located at 740 Margo Ln, Memphis, TN 38122 since 24 April 2021 and is currently estimated at $188,884, approximately $104 per square foot. This property was built in 1965. 740 Margo Ln is a home located in Shelby County with nearby schools including Grahamwood Elementary School, Kingsbury High School, and Treadwell Middle School.

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