See Home Value
$91,181*
House - Off Market

4098 DROWSY

Memphis, TN 38127
bedrooms
4 Beds
bathrooms
2 Baths
$60,000 - $70,000
Reference Base Price*
51.97%
Since Feb 1, 2019
National-US
Primary Model
Sold Feb 12, 2019
$57,500
$1,579,500 by Commercial Funding I Llc
Mortgage Due May 01, 2052
Sold Feb 09, 2012
$16,500

About This Property

Great Investment Property.  Professionally Managed.  Rented at $892.50/mo.  DO NOT DISTURB TENANTS.  Photos coming soon.  Part of larger portfolio for sale.  Contact agent for details.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,008
HOA Dues
-
Year Built
1964

Price History

Date / Event Date Event Price
Jan 31, 2019 No longer available -
No longer available
Dec 26, 2018 Listed $60,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: Carport
  • Garage Square Area: 361
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,667
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 920
  • Total Building Area: 3,172
  • Gross Building Area: 3,172
  • Building Area: 3,172
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,172
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GEORGIAN WOODS SEC A
  • Land Acres: 0.245
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ES DROWSY LN

Ownership

  • Current Owner : LARKIN ADAM
  • Current Owner 2: TOSCANO ROCCO
  • Previous Owner : PULLIAM FAMILY LIMITED PARTNERSHIP
  • Owner Before Previous Owner: THE BANK OF NEW YORK MELLON
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 010001

Zoning

  • Zoning: R-8

Geography

  • District: O
  • Parcel: 07-1048-0-0141
  • Lot: 125
  • Municipality: MEMPHIS
  • Latitude: 35.2376
  • Longitude: -89.9908

    Address

  • Full Address: 4098 Drowsy Ln
  • Address - House Number: 4098
  • Address - Street Name: Drowsy
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C096
  • 4-Digit Zip Code: 3408
  • Zip Code: 38127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,460

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 129,572
  • High Value: 163,847
  • Low Value: 95,298

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,579,500
  • First Open Lien Mortgage Lender: COMMERCIAL FUNDING I LLC
  • First Open Lien Mortgage Recording Date: Apr 27, 2022
  • First Open Lien Mortgage Loan Amount: $1,579,500
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $95,900
  • Market Land Value: $8,400
  • Market Improvement Value: $87,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,975
  • Assessed Land Value: $2,100
  • Assessed Improvements Value: $21,875

    Sales

  • Current Sale Contract Date: Feb 07, 2019
  • Current Sale Recording Date: Feb 12, 2019
  • Current Sale Transaction ID: 11569225867
  • Current Sale Price: $57,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19014097
  • Previous Sale Recording Date: Feb 09, 2012
  • Previous Sale Contract Date: Jan 25, 2012
  • Previous Sale Amount: $16,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORPSOUTH BANK
  • First Mortgage Transaction Date: Feb 12, 2019
  • First Mortgage Loan Amount: $46,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$69,000 Dec 15, 2020
-
$227/mo

About Frayser - Raleigh PD


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Frequently Asked Questions

When was property at 4098 Drowsy Lane built and last sold?
The property at 4098 Drowsy Lane was built in 1964 and last sold on Feb 7, 2019 for $57,500.
How much is this home worth?
The estimated value of the home located at 4098 Drowsy Lane is $60,600.
What are some comparable homes to 4098 Drowsy Lane?
There are currently no comparable homes to 4098 Drowsy Lane.

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