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Memphis 38119
2299 LOCHLEVIN DR
Photo of 2299 LOCHLEVIN DR
Sold on Jan 3, 2025

29

Map

Photo of 2299 LOCHLEVIN DR
Photo of 2299 LOCHLEVIN DR
$450,000
● House - Off Market

2299 LOCHLEVIN DR

Memphis, TN 38119
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,880 Ft²
$2,708
Est. Monthly

About This Property

Look no further. Awesome location, tucked away on a corner lot in a tree-lined neighborhood full of beautiful architecture and people enjoying their daily walk. From the wood beams in the living spaces to the wall of picture windows in the kitchen, this house is full of charm. Sparkling clean & meticulously maintained. Beautifully renovated kitchen and half bath. Freshly painted downstairs. STUNNING pool (resurfaced in '19) with oversized patio perfect for entertaining. So much to love.
Unit Size
2,880 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$161
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Realtracs #RTC3502912)

Price History

Date / Event Date Event Price
Jan 3, 2025 Sold
Premium
Sold
Aug 6, 2024 Listed by Crye-Leike Realtors $464,900
Listed by Crye-Leike Realtors
Dec 5, 2023 No longer available -
No longer available
Sep 15, 2023 Listed by Crye-Leike Realtors $545,000
Listed by Crye-Leike Realtors
Timeless elegance nestled on a corner lot. Boasting majestic columns that grace the front entrance. Outdoor living offers a gunite saltwater pool, a haven for relaxation & recreation. The yard features an irrigation system & lush greenery. Inside, the breakfast area is bathed in natural light. The kitchen has double ovens, dual sinks, & double pantry to ensure ample storage. There is a generously sized den w/ fireplace that provides the perfect ambiance. Many updates in the last 4 years.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,583
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 860
  • Total Building Area: 3,342
  • Gross Building Area: 3,342
  • Building Area: 2,880
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,880
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BALMORAL ESTATES REV
  • Land Acres: 0000000335
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: SS MALLOCH DR COR LOCHLEVIN DR SW

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021320

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 31-1
  • District: O
  • Parcel: 08-1014-0-0009
  • Block: C-3
  • Lot: 244
  • Municipality: MEMPHIS
  • Latitude: 35.086
  • Longitude: -89.8533

    Address

  • Full Address: 2299 Lochlevin Dr
  • Address - House Number: 2299
  • Address - Street Name: Lochlevin
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C067
  • 4-Digit Zip Code: 6334
  • Zip Code: 38119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $510,023

    Appraisal Valuation

  • Standard Deviation: 0.1088
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 89
  • Final Value: 546,811
  • High Value: 606,315
  • Low Value: 487,306

    Market Valuation

  • Market Total Value: $334,900
  • Market Land Value: $68,400
  • Market Improvement Value: $266,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $83,725
  • Assessed Land Value: $17,100
  • Assessed Improvements Value: $66,625

    Sales

  • Current Sale Contract Date: Jun 22, 2001
  • Current Sale Recording Date: Jun 29, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: LD-1237
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Memphis

Stats & Trends

Median Asking:

$150,000

Sale Price/ft²

$110

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1819 ft²

Average Home Age

64.5 years

Currently For Sale

101 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Mary Jeffrey, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3502912
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 2299 Lochlevin Drive built and last sold?
The property at 2299 Lochlevin Drive was built in 1966 and last sold on Jun 22, 2001 for $293,850.
How much is this home worth?
The estimated value of the home located at 2299 Lochlevin Drive is $464,423.
What are some comparable homes to 2299 Lochlevin Drive?
There are currently no comparable homes to 2299 Lochlevin Drive.
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