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Shelby 38125 Lake Village
7573 EASTERLY LN
Photo of 7573 EASTERLY LN
Sold on May 19, 2023

22

Map

Photo of 7573 EASTERLY LN
Photo of 7573 EASTERLY LN
$300,000
● House - Off Market

7573 EASTERLY LN

Memphis, TN 38125
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,510 Ft²
$317,341
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Great curb appeal! Nice, open floorplan with two bedrooms down. 4 year old roof. Fenced backyard featuring oversized patio. Neighborhood offers walking path around lake. Close proximity to schools, shopping, and expressway. COUNTY TAXES ONLY! Price reflects room for buyer to come in and make improvements. MULTIPLE OFFERS - HIGHEST AND BEST BY 7:45PM ON THURSDAY, 4/20
Unit Size
2,510 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$125
Property Type
House
Property Taxes
$185
HOA Dues
$381
Year Built
2005

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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 #RTC3503437)

Price History

Date / Event Date Event Price
May 19, 2023 Sold
Premium
Sold
Apr 19, 2023 Listed by Crye-Leike Realtors $314,900
Listed by Crye-Leike Realtors

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,319
  • Gross Building Area: 3,319
  • Building Area: 2,878
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,878
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEBRIAR PD PH 1 PT OF AREAS 1 2 3&5
  • Land Acres: 0000000230
  • Standard Land Use Code: 1009
  • County Land Use Code: 052
  • Legal Description 1: SS EASTERLY LN SEE ,MAP D2-55

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 021752

Zoning

  • Zoning: CA

Geography

  • Assessors Map Reference: MB 214-56
  • District: S
  • Parcel: D0-255F-E0-0015
  • Lot: 15
  • Municipality: SHELBY COUNTY
  • Latitude: 35.0017
  • Longitude: -89.8104

    Address

  • Full Address: 7573 Easterly Ln
  • Address - House Number: 7573
  • Address - Street Name: Easterly
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: R027
  • 4-Digit Zip Code: 4316
  • Zip Code: 38125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $221,876

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 327,158
  • High Value: 406,045
  • Low Value: 248,271

    Market Valuation

  • Market Total Value: $261,800
  • Market Land Value: $49,500
  • Market Improvement Value: $212,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,450
  • Assessed Land Value: $12,375
  • Assessed Improvements Value: $53,075

    Sales

  • Current Sale Contract Date: May 17, 2023
  • Current Sale Recording Date: Jun 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 49730
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 Lake Village

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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

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Realtracs

Listed by: Mary Jeffrey, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3503437
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 7573 Easterly Lane built and last sold?
The property at 7573 Easterly Lane was built in 2005 and last sold on May 17, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 7573 Easterly Lane is $317,088.
What are some comparable homes to 7573 Easterly Lane?
There are currently no comparable homes to 7573 Easterly Lane.
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