NOT LISTED FOR SALE

7717 New Found Gap Rd Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $226,347 - $253,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$171/Sq Ft Est. Value

Last Sold August 23, 2016

Last sale price $130,900 $94 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $1,412/month

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • 1 Fireplace

About This Home

As of August 2016

Property is currently under renovation. Property is also currently being marketed for lease. See attached for seller’s list of improvements, final scope of work will be uploaded once renovation is completed. The listing agent is employed by seller.

Last Agent to Sell the Property

Ryan Flannery

Premier Realty Group, LLC License #317068 Listed on: 07/22/2016

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,238

Year Built

  • Built in 1999

Lot Details

  • 6,534

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,309 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Front Facing Garage

Additional Features

  • 6,534 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • Shelby Woodlands Pd Ph 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0256T A00052

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,238

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 789C
  • MAAR Subdivision Name: SHELBY WOODLANDS PH1
  • List Price Per Sq Ft: 100
  • Number Of Stories: 1
  • Price Per Sq Ft: 100
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1309
  • Year Built: 1999
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Number: 52
  • Acreage: 0.15
  • Lot Size: 6600 SF 60 X 110
  • Price Per Acre: 872667

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: D0256T A00052

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2016
Closed on
Aug 20, 2016
Sold by
Memphis Invest Gp
Bought by
Karrels Allison and Karrels Dainiel
Seller's Agent
Ryan Flannery
Premier Realty Group, LLC
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$130,900
Sold Price
$130,900
Current Estimated Value
$237,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,132
Avg. Annual Appreciation
6.47%
Original Mortgage
$93,750
Outstanding Balance
$75,467
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$154,037

Purchase Details

Listed on
Jul 22, 2016
Closed on
Jun 24, 2016
Sold by
Rivera Magdali G and Rivera Jesus M
Bought by
Memphis Invest Gp
Seller's Agent
Ryan Flannery
Premier Realty Group, LLC
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$130,900
Sold Price
$130,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Outstanding Balance
$75,467
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$154,037

Purchase Details

Closed on
Sep 18, 2013
Sold by
Rivera Jesus
Bought by
Rivera Magdali

Purchase Details

Closed on
Mar 14, 2003
Sold by
Chanthovong Khamsouk and Chanthavong Felicia M
Bought by
Rivera Jesus M and Rivera Magdali G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,298
Interest Rate
5.82%
Mortgage Type
VA

Purchase Details

Closed on
May 19, 1999
Sold by
Bowden Building Corp
Bought by
Chanthavong Khamsouk and Chanthavong Felicia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,682
Interest Rate
6.84%
Mortgage Type
FHA
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
Karrels Allison $130,900 None Available
Memphis Invest Gp $75,000 Preferred Title & Escrow Llc
Rivera Magdali -- None Available
Rivera Jesus M $119,900 --
Chanthavong Khamsouk $111,595 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karrels Allison $93,750
Previous Owner Rivera Jesus M $122,298
Previous Owner Chanthavong Khamsouk $110,682
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2016 08/23/16 Sold $130,900 0.0% $109 / Sq Ft
07/22/2016 07/22/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $130,900 +74.5% $109 / Sq Ft
06/24/2016 06/24/16 Sold $75,000 -44.4% $47 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
11/17/2015 11/17/15 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 $1,238 $58,175 $11,500 $46,675
2024 $1,238 $36,525 $8,500 $28,025
2023 $1,238 $36,525 $8,500 $28,025
2022 $1,238 $36,525 $8,500 $28,025
2021 $1,260 $36,525 $8,500 $28,025
2020 $1,140 $28,150 $8,500 $19,650
2019 $1,140 $28,150 $8,500 $19,650
2018 $1,140 $28,150 $8,500 $19,650
2017 $1,157 $28,150 $8,500 $19,650
2016 $1,095 $25,050 $0 $0
2014 $1,095 $25,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Ryan Flannery

    Premier Realty Group, LLC

    (901) 581-7824

    5 in this area

    112 Total Sales

    Section Image
  • Mitanni Spruill

    Seller's Agent in 2016

    Mitanni Spruill

    The Spruill Agency, LLC

    (888) 854-1222

    5 in this area

    34 Total Sales

    Section Image

  • N

    Buyer's Agent in 2016

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • M

    Buyer's Agent in 2016

    Mark Saller

    Reedy Group II, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9982510

Memphis Area Association of REALTORS®

APN: D0-256T-A0-0052

Tennessee Shelby County Memphis 38125 Southern Shelby County

7717 New Found Gap Rd, Memphis, TN

This home is located at 7717 New Found Gap Rd, Memphis, TN 38125 since 22 July 2016 and is currently estimated at $239,087, approximately $170 per square foot. This property was built in 1999. 7717 New Found Gap Rd is a home located in Shelby County with nearby schools including Southwind Elementary School, Highland Oaks Middle School, and Southwind High School.

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