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2925 Rainier Drive

2925 Rainier Drive, Memphis, TN 38127
Sold Jan 02, 2019
$70,000
$79,500 by Orion Fcu
Mortgage Due Jun 01, 2051
Sold Nov 18, 2002
$82,000
$79,068 by Gmac Mtg
Mortgage Due Nov 01, 2032
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2925 Rainier Drive has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1964 and is 60 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2925 Rainier Drive has 1,732 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,750 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 17,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 361 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2925 Rainier Drive sold most recently in Dec 28, 2018 for a total of $70,000. If you work out the math, that's approximately a cost of $40.42 per sqft. Before that, the property was also sold for $82,000 in Oct 30, 2002. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,189 in taxes each year. 2925 Rainier Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $19,525. If we break it down further, the land itself was valued at $1,700. Improvements to the property, however, were assessed at a total of $17,825. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 361
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 17,500
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,732
  • Gross Building Area: 1,732
  • Building Area: 1,732
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,732
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALTA VISTA
  • Land Acres: 0.402
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WS RAINIER ROAD

Ownership

  • Current Owner : JACKSON TIFFANY
  • Previous Owner : BROOKS SONDRA M
  • Owner Before Previous Owner: JORDAN MICHELLE EVANS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 010120

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 11-26
  • District: O
  • Parcel: 07-0023-0-0008
  • Lot: 17
  • Municipality: MEMPHIS
  • Latitude: 35.2055
  • Longitude: -90.0164

    Address

  • Full Address: 2925 Rainier Dr
  • Address - House Number: 2925
  • Address - Street Name: Rainier
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C037
  • 4-Digit Zip Code: 7825
  • Zip Code: 38127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,189

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 401,040
  • High Value: 583,436
  • Low Value: 218,643

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $79,500
  • First Open Lien Mortgage Lender: ORION FCU
  • First Open Lien Mortgage Recording Date: May 27, 2021
  • First Open Lien Mortgage Loan Amount: $79,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $78,100
  • Market Land Value: $6,800
  • Market Improvement Value: $71,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,525
  • Assessed Land Value: $1,700
  • Assessed Improvements Value: $17,825

    Sales

  • Current Sale Contract Date: Dec 28, 2018
  • Current Sale Recording Date: Jan 02, 2019
  • Current Sale Transaction ID: 11548095747
  • Current Sale Price: $70,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19000210
  • Previous Sale Recording Date: Nov 18, 2002
  • Previous Sale Contract Date: Oct 30, 2002
  • Previous Sale Amount: $82,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY MORTGAGE CORP
  • First Mortgage Transaction Date: Jan 02, 2019
  • First Mortgage Loan Amount: $61,614
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: GMAC MTG
  • Previous Mortgage Transaction Date: Nov 18, 2002
  • Previous Mortgage Loan Amount: $79,068
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2032

About Frayser - Raleigh PD



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Frequently Asked Questions

What neighborhood is 2925 Rainier Drive located in?
The 2925 Rainier Drive is a house located in the neighborhood of Alta Vista Stage in Frayser - Raleigh PD, Memphis.
What is the average sales price for listings in 2925 Rainier Drive?
The average sales price for units in 2925 Rainier Drive is $0 currently.

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