NOT LISTED FOR SALE

5205 Drexel Ave Memphis, TN 38135

Estimated Value: $144,000 - $213,000

3 Beds
2 Baths
2,415 Sq Ft
$79/Sq Ft Est. Value

Last Sold May 16, 2014

Last sale price $63,500 $26 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $1,179/month

39 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • 2 Car Attached Garage
  • 1 Fireplace
  • Porch
  • Eat-In Kitchen

About This Home

As of May 2014

This is a Fannie Mae HomePath property. Large 3 bedroom 2 bath home with a huge den on the rear and a 2 car garage. This is located close to schools and shopping and approved for HomePath Renovation financing. Purchase this for as little as 5% down.

Last Listed By

Jimmie Tapley

Crye-Leike, Inc., REALTORS License #209672 Listed on: 03/28/2014

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,316

Year Built

  • Built in 1971

Lot Details

  • 0.38 Acre Lot
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,415 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Separate Formal Living Room
  • Partially Carpeted
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Vista Hgts Subdivision

Listing and Financial Details

  • Assessor Parcel Number 087012 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,316

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 733B
  • MAAR Subdivision Name: VISTA HEIGHTS
  • Freestanding: Yes
  • List Price Per Sq Ft: 25
  • Number Of Stories: 1
  • Price Per Sq Ft: 26.29
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2415
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central, Gas

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 20
  • Acreage: 0.38
  • Lot Size: 91.60/31.79 X 181.50/181.33
  • Price Per Acre: 157632

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 087012 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2016
Sold by
Timber Holdings Llc
Bought by
True Mem2016 1 Llc
Total Days on Market
39
Current Estimated Value
$191,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,884,000
Outstanding Balance
$3,970,469
Interest Rate
3.57%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$3,770,395

Purchase Details

Listed on
Mar 28, 2014
Closed on
May 16, 2014
Sold by
Fannie Mae
Bought by
Timber Holdings Llc
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Jimmy Kennedy
KAIZEN Realty, LLC
List Price
$59,900
Sold Price
$63,500
Premium/Discount to List
$3,600
6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%

Purchase Details

Closed on
Jul 2, 2007
Sold by
Boyd Lachell
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,250
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2007
Sold by
Hud
Bought by
Boyd Lachell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,500
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2006
Sold by
Caradine Lee
Bought by
Hud

Purchase Details

Closed on
Oct 12, 2001
Sold by
Moore Janet D
Bought by
Caradine Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,600
Interest Rate
6.67%
Mortgage Type
FHA

Range of Values:

Collateral Analytics

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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
True Mem2016 1 Llc -- Wfg National Title Insurance
Timber Holdings Llc $63,500 Realty Title & Escrow Co
Federal National Mortgage Association $93,859 None Available
Hud $107,985 None Available
Caradine Lee $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open True Mem2016 1 Llc $4,884,000
Closed True Mem2oi6 1 Llc $4,884,000
Previous Owner Boyd Lachell $91,250
Previous Owner Boyd Lachell $81,500
Previous Owner Caradine Lee $88,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2014 05/16/14 Sold $63,500 +6.0% $26 / Sq Ft
05/06/2014 05/06/14 Pending -- -- --
03/28/2014 03/28/14 For Sale $59,900 -- $25 / 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
2024 $1,316 $38,825 $3,875 $34,950
2023 $2,365 $38,825 $3,875 $34,950
2022 $2,365 $38,825 $3,875 $34,950
2021 $2,393 $38,825 $3,875 $34,950
2020 $2,016 $27,825 $3,875 $23,950
2019 $2,016 $27,825 $3,875 $23,950
2018 $2,016 $27,825 $3,875 $23,950
2017 $1,144 $27,825 $3,875 $23,950
2016 $1,146 $26,225 $0 $0
2014 $1,146 $26,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jimmie Tapley

    Seller's Agent in 2014

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    14 in this area

    290 Total Sales

    Jimmie Tapley
    Section Image

  • J

    Buyer's Agent in 2014

    Jimmy Kennedy

    KAIZEN Realty, LLC

    (901) 221-4041

    2 in this area

    53 Total Sales

    Jimmy Kennedy
    Section Image
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Map

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Source: Memphis Area Association of REALTORS®

MLS Number: 3293618

Memphis Area Association of REALTORS®

APN: 08-7012-0-0005

Tennessee Shelby County Memphis 38135

5205 Drexel Ave, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 5205 Drexel Ave, Memphis, TN 38135 since 28 March 2014 and is currently estimated at $191,854, approximately $79 per square foot. This property was built in 1971. 5205 Drexel Ave is a home located in Shelby County with nearby schools including Brownsville Rd Elementary School, Craigmont Middle School, and Craigmont High School.

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