See Home Value
$90,000 - $100,000
House - Off Market

3552 LANETTE

Memphis, TN 38109
bedrooms
4 Beds
bathrooms
2 Baths
Sold May 09, 2022
$25,000
$56,000 by Aspen Equity Fund Llc
Mortgage Due May 09, 2052

About This Property

Great rental portfolio expansion opportunity! Tenant in place for immediate benefits. Please respect their privacy, avoid direct contact. Act now and secure a profitable asset. Capitalize on existing rental income. sellers will not do creative or owner financing. please no assignments and please submit all offer with proof of funds or pre-approval letter. currently renting for $925 and lease is up 12/2024. EMD has to be submitted before showing.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$48
HOA Dues
-
Year Built
1956

Price History

Date / Event Date Event Price
Feb 18, 2024 No longer available -
No longer available
Feb 2, 2024 No longer available -
No longer available
Feb 2, 2024 Listed $96,900
Listed
Sep 12, 2023 Price Decreased $96,900
↓ $3K (3%)
Price Decreased
Sep 12, 2023 Relisted $99,900
Relisted
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 441
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,049
  • Lot Size Depth Feet: 1,130
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,124
  • Gross Building Area: 1,124
  • Building Area: 1,124
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,124
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DR J E WALKER HOMES
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WILLIAMS KEVIN
  • Previous Owner : SYBRINA SHIELDS

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 022310

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 07-5083-0-0016
  • Lot: 208
  • Municipality: MEMPHIS
  • Latitude: 35.0516
  • Longitude: -90.074

    Address

  • Full Address: 3552 Lanette Rd
  • Address - House Number: 3552
  • Address - Street Name: Lanette
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C087
  • 4-Digit Zip Code: 3722
  • Zip Code: 38109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $576
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 89
  • Final Value: 92,088
  • High Value: 102,125
  • Low Value: 82,051

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $56,000
  • First Open Lien Mortgage Lender: ASPEN EQUITY FUND LLC
  • First Open Lien Mortgage Recording Date: May 09, 2022
  • First Open Lien Mortgage Loan Amount: $56,000
  • 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: May 09, 2052

    Market Valuation

  • Market Total Value: $37,800
  • Market Land Value: $4,100
  • Market Improvement Value: $33,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $9,450
  • Assessed Land Value: $1,025
  • Assessed Improvements Value: $8,425

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: May 09, 2022
  • Current Sale Transaction ID: 11887284342
  • Current Sale Price: $25,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 52316

    Last Sale Mortgage

  • First Mortgage Lender: ASPEN EQUITY FUND LLC
  • First Mortgage Transaction Date: May 09, 2022
  • First Mortgage Loan Amount: $56,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
-
$105,900 Nov 7, 2023
-
$54/mo
House
3 Beds
1 Bath
-
$95,000 Aug 25, 2023
-
$37/mo
House
3 Beds
1 Bath
-
$82,275 Dec 20, 2023
-
$34/mo

About South Memphis Planning Dist


Similar Homes for Sale

Unit for sale at 3579 Lanette Road, Memphis, TN 38109

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3579 Lanette Road, Memphis, TN 38109 Listing by Kristy Cannon
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Unit for sale at 100 West Mitchell Road, Memphis, TN 38109

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Nearby Rentals

Unit for rent at 3254 Rochester Rd, Memphis, TN, 38109

$1,500 /mo

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  • 1 Bath
3254 Rochester Rd #3254 Rochester Rd, Memphis, TN, 38109 Listing by Manager


Frequently Asked Questions

When was property at 3552 Lanette Road built and last sold?
The property at 3552 Lanette Road was built in 1956 and last sold on Apr 29, 2022 for $25,000.
How much is this home worth?
The estimated value of the home located at 3552 Lanette Road is $97,869.
What are some comparable homes to 3552 Lanette Road?
Homes that are comparable to 3552 Lanette Road include a house property at 100 West Mitchell Road, 293 Carbon Road, 3579 Lanette Road.

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