641 Frayser Dr, Memphis, TN 38127

3 beds1 bath994 sqft Edit

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Sold: $18,500
Sold on 09/09/14
Zestimate®: $34,503
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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SUPER INCOME POTENTIAL EXCELLENT RENTAL AREA RENT RANGE $625 to $675 3 BEDROOM, 1 BATH (994 Sq Ft) $23,750 Brick/Frame Exterior, Central Heat and Air, Home is in Good Condition. Home is part of a 4 package bulk portfolio of 3 single family homes (887 Tampa Ave, 641 Frayser Dr, 2360 Dexter Ave) and 1 duplex (1707-09 W Silver St) Entire package offered for $95,000 total, Seller will provide owner financing for entire package with $50k down payment amortized for 48 months @ 8% monthly P.I. payment will be $1098.59. Monthly cash flow will be incredible at these terms.

Facts

  • Lot: 6,534 sqft
  • Single Family
  • Built in 1965
  • Views: 1,094 all time views
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Sep 2014 for $18,500
  • Last sale price/sqft: $19

Features

  • Cable Ready
  • Ceiling Fan
  • Fireplace
  • Flooring: Tile
  • Lawn
  • Parking: Off street, 1 space

Additional Features

  • Living room

Appliances Included

  • Washer

Room Types

  • Dining room
  • Family room

Construction

  • Exterior material: Brick, Wood
  • Roof type: Other
  • Room count: 6
  • Stories: 1
  • Structure type: Other
  • Unit count: 1

Other

  • Floor size: 994 sqft
  • Heating: Gas
  • Laundry: In Unit
  • Lot depth: 113 ft
  • Lot width: 60 ft
  • Parcel #: 069072 00015
  • Zillow Home ID: 42219813

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$34,503
+$430 Last 30 days
$32K
$37K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$633/mo
-$3 Last 30 days
$557
$684
Zestimate range

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Popularity on Zillow

If this home is listed on Zillow, it will reach the largest real estate network on the web.*
1,094 all-time views
of this home (chart)
36 forecasted views of this home
in the first 7 days after listing for sale

Comparable Homes

Homes like this sold for $24-40K.

$20K
$50K

Mortgages

Neighborhood: Shelby Forest-Frayser

Zillow predicts Shelby Forest-Frayser home values will rise 3.2% next year, compared to a 2.5% increase for Memphis as a whole. Among Shelby Forest-Frayser homes, this home is valued 20.3% less than the midpoint (median) home, and is valued 50% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Shelby Forest-Frayser, the number of foreclosures waiting to be sold is 2.2% greater than in Memphis, and 118.1% greater than the national average. This higher local number may prevent Shelby Forest-Frayser home values from rising as quickly as other regions in Memphis.
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    Nearby Schools in Memphis

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org