See Home Value
$304,000 - $370,000
House - Off Market

5163 PEG

Memphis, TN 38117
bedrooms
3 Beds
bathrooms
2 Baths
Sold May 04, 2022
$340,000
$329,800 by Mortgage Investors Group
Mortgage Due Jun 01, 2052
Sold Feb 28, 2019
$224,600
$213,370 by Iberiabank
Mortgage Due Mar 01, 2049

About This Property

Welcome to this adorable home in conveniently located Normandy Meadows neighborhood! This single-story home sits on a corner lot & is perfect for first time buyers, a small family, or someone looking to downsize. Original hardwoods throughout most of home, newly painted kitchen cabinets, gas stove, newer windows & HVAC. Both baths are beautifully renovated. Cute back patio & backyard with firepit for you to enjoy the outdoors!. Your search is over!
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1955

Price History

Date / Event Date Event Price
Feb 4, 2024 No longer available -
No longer available
Jan 28, 2024 Price Decreased $337,000
↓ $7K (2.2%)
Price Decreased
Jan 19, 2024 Price Decreased $344,400
↓ $100 (0%)
Price Decreased
Jan 1, 2024 Price Decreased $344,500
↓ $5K (1.5%)
Price Decreased
Dec 19, 2023 Price Decreased $349,700
↓ $100 (0%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • 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: 264
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 11,680
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,511
  • Gross Building Area: 1,511
  • Building Area: 1,511
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,511
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORMANDY MEADOWS SUBDIVISION
  • Land Acres: 0.268
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ROWLAND TREVOR R
  • Current Owner 2: DRENNAN CHELSEA N
  • Previous Owner : KELMAN
  • Previous Owner 2: CLARK
  • Owner Before Previous Owner: MCMURRY JAMES A
  • Owner Before Previous Owner 2: MCMURRY NANCY J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 04, 2024

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009201

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: MB 19-43
  • District: O
  • Parcel: 06-4025-0-0001
  • Lot: 87
  • Municipality: MEMPHIS
  • Latitude: 35.1394
  • Longitude: -89.8898

    Address

  • Full Address: 5163 Peg Ln
  • Address - House Number: 5163
  • Address - Street Name: Peg
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C009
  • 4-Digit Zip Code: 2158
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,623

    Appraisal Valuation

  • Standard Deviation: 0.1094
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 88
  • Final Value: 338,380
  • High Value: 375,427
  • Low Value: 301,332

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $329,800
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP
  • First Open Lien Mortgage Recording Date: May 04, 2022
  • First Open Lien Mortgage Loan Amount: $329,800
  • 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, 2052

    Market Valuation

  • Market Total Value: $237,900
  • Market Land Value: $77,300
  • Market Improvement Value: $160,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,475
  • Assessed Land Value: $19,325
  • Assessed Improvements Value: $40,150

    Sales

  • Current Sale Contract Date: May 03, 2022
  • Current Sale Recording Date: May 04, 2022
  • Current Sale Transaction ID: 11887300166
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 50860
  • Previous Sale Recording Date: Feb 28, 2019
  • Previous Sale Contract Date: Feb 26, 2019
  • Previous Sale Amount: $224,600
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP
  • First Mortgage Transaction Date: May 04, 2022
  • First Mortgage Loan Amount: $329,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: IBERIABANK
  • Previous Mortgage Transaction Date: Feb 28, 2019
  • Previous Mortgage Loan Amount: $213,370
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2049



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
-
$335,000 Sep 21, 2023
-
$282/mo
House
3 Beds
2 Baths
-
$339,500 Aug 31, 2023
-
$319/mo
House
3 Beds
2 Baths
-
$350,000 Jul 14, 2023
-
$295/mo
In Contract
House
3 Beds
2 Baths
-
$327,000 Aug 29, 2023
-
$314/mo
House
3 Beds
2 Baths
-
$329,000 Aug 9, 2023
-
$328/mo
House
3 Beds
2 Baths
-
$368,500 Aug 27, 2023
-
$359/mo
House
3 Beds
2 Baths
-
$315,000 Aug 28, 2023
-
$287/mo
House
3 Beds
2 Baths
-
$299,000 Sep 8, 2023
-
$264/mo
House
3 Beds
2 Baths
-
$409,000 Sep 16, 2023
-
$367/mo
House
3 Beds
2 Baths
-
$285,000 Aug 24, 2023
-
$324/mo
House
3 Beds
2 Baths
-
$335,000 Jan 31, 2023
-
-
House
3 Beds
2 Baths
-
$299,900 Jul 28, 2023
-
$298/mo

About Memphis


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Frequently Asked Questions

When was property at 5163 Peg Lane built and last sold?
The property at 5163 Peg Lane was built in 1955 and last sold on May 3, 2022 for $340,000.
How much is this home worth?
The estimated value of the home located at 5163 Peg Lane is $347,945.
What are some comparable homes to 5163 Peg Lane?
Homes that are comparable to 5163 Peg Lane include a house property at 277 Pandora Street, 5172 Princeton Road, 5151 Tarrytown Drive.

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