$229,500
SOLD APR 16, 2025

7555 Reese Rd Memphis, TN 38133

3 Beds
2 Baths
1,151 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$199 Per Sq Ft

6% Below List Price

Highlights

  • Traditional Architecture
  • No HOA
  • Walk-In Closet
  • 1 Fireplace
  • Double Vanity
  • Patio

About This Home

As of April 2025

Home sweet home!!! Beautifully updated 3 bedroom 2 bath home has been freshly painted throughout, new flooring, new carpeting in 2 bedrooms, an updated kitchen and a large great room with vaulted ceilings and a cozy wood burning fireplace just in time for the cooler temperatures that are on the way. (Roof is 3 years old, water heater is 1 year old, A/C is only 4 years old). Refrigerator does not stay, the 2 sheds and swing set in the backyard convey as is.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,950

Year Built

  • Built in 1988

Parking

  • Parking Pad

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 1,151 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity

Additional Features

  • Patio
  • 8,276 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Fletcher Trace Sec A Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 095525 B00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,950

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1988
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Oven
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Building Area Units: Square Feet
  • Living Area: 1151
  • Living Area Units: Square Feet

Exterior Features

  • Foundation Details: Slab
  • Other Structures: Storage
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Pad

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size: 0.19
  • Lot Size Units: Acres
  • Parcel #: 095525 B00007
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1950
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2025
Closed on
Apr 11, 2025
Sold by
Nelson Richard
Bought by
Shipley Cecil and Shipley Taylor
List Price
$245,000
Sold Price
$229,500
Premium/Discount to List
-$15,500
-6.33%
Views
126
Current Estimated Value
$227,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,565
Avg. Annual Appreciation
-0.95%
Original Mortgage
$220,615
Outstanding Balance
$219,231
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$8,704

Purchase Details

Closed on
Jan 15, 2025
Sold by
Nelson Melia
Bought by
Nelson Richard

Purchase Details

Closed on
Jun 26, 2002
Sold by
Wallace Charles Timothy and Wallace Angie
Bought by
Randolph Jennifer A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,547
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 1996
Sold by
Sipe Shaun Ashley and Sipe Shannon Abney
Bought by
Wallace Charles Timothy and Wallace Charles Truitt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,505
Interest Rate
8.21%
Mortgage Type
FHA
Source: Public Records
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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
Warranty Deed $229,500 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $94,000 Mid America Title Agency Inc
Warranty Deed $77,000 --
Warranty Deed $77,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $220,615 New Conventional
Previous Owner $92,547 FHA
Previous Owner $77,505 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2025 11/12/25 For Sale $245,000 +6.8% $213 / Sq Ft
04/16/2025 04/16/25 Sold $229,500 -- $199 / Sq Ft
04/16/2025 04/16/25 Pending -- -- --
Source: Realtracs

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 $1,085 $54,875 $8,750 $46,125
2024 $1,085 $32,000 $6,125 $25,875
2023 $1,949 $32,000 $6,125 $25,875
2022 $1,949 $32,000 $6,125 $25,875
2021 $1,972 $32,000 $6,125 $25,875
2020 $1,621 $22,375 $6,125 $16,250
2019 $1,621 $22,375 $6,125 $16,250
2018 $1,621 $22,375 $6,125 $16,250
2017 $920 $22,375 $6,125 $16,250
2016 $950 $21,750 $0 $0
2014 $950 $21,750 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 3044128

Realtracs

APN: 09-5525-B0-0007