5 months on rocket

2897 Lake Park Rd, Memphis, TN, 38127

$89,000

Home List Price

$1,057*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
House

Location

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2897 Lake Park Rd, Memphis$89,000

Buyer Closing Credits

$1,057*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad
Year Built1986
HeatingCentral
CoolingCentral Air
MLS #10176245
Lot Size0.16 Acres
StatusActive

About 2897 Lake Park Rd

Tenant occupied. INVESTORS ONLY. Rented for $925. Professionally managed. Do Not Disturb Tenant. Cash offers preferred. No creative/owner financing, no wholesalers, no assignments. Seller is also selling multiple other properties (can buy individually or in bulk). Full list of homes &rent amounts are in the pictures tab (scroll to additional photos). Tenant is m2m. Homes available throughout Shelby County including the following zip codes: 38109, 38127,38111, 38114, 38116, 38122, 38128, etc.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1986
  • Stories: 1

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Wrought Iron Security Drs

Parking Information:

  • Parking: Driveway/Pad

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Travel east on Frayser Blvd to North on Schoolfield. Take Schoolfield to East on Lake Park.

Price Information

Listing Price Info

Price Summary:

  • List Price: $89,000

Tax Information:

  • Annual Amount: $974
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

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Memphis, TN

City

Med. Sold Price

$183K

# of Sold Homes

362

2897 Lake Park Rd vs Memphis

166 DAYS ON ROCKET

$89,000

-$94K Less

KEY TAKEAWAY

This property is $94K less than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10176245

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 21, 2017Home Sold
$20,000
Jul 10, 2013Home Sold
$25,000
Oct 31, 2012Home Sold
$12,400
Sep 02, 2005Home Sold
$22,960

Tax History

YEARPROP. TAXASSESSMENT
2021$974$13,450
2020$793$10,950
2019$793$10,950
2018$450$10,950
2017$488$10,950

History based on county public records data.

Payment Calculator

$512

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$333

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4403698
4
/10

  • Libertas School

  • 3777 Edenburg Dr

  • 0.62 miles

  • Public Charter Grades PK-5

school-card-donut-4403699
3
/10

  • Lucie E. Campbell Elementary

  • 3232 Birchfield Dr

  • 1.09 miles

  • Public District Grades PK-5

school-card-donut-4403700
6
/10

  • Memphis STEM Academy

  • 2450 Frayser Blvd

  • 1.11 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,971. Most Memphis, TN residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2897 Lake Park Rd

What is the listing price of this property?

The listing price of 2897 Lake Park Rd property is $89,000.

What type of property is this?

The property 2897 Lake Park Rd is a house located in Memphis, Tennessee, 38127.

Is this property for sale now?

Active Listing: 2897 Lake Park Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $974 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 21, 2017 for $20,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2897 Lake Park Rd has 3 bedrooms and 1 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 2897 Lake Park Rd is 1986.

Rocket Homes›Tennessee›Shelby County›Memphis›38127›2897 Lake Park Rd

This home is located at 2897 Lake Park Rd in Memphis, TN and zip code 38127 in the Hawkins Mill neighborhood. This home, which was built in 1986, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 04, 2024 and is currently priced at $89,000.

While more than 45 listings in Memphis, TN in November 2024 were sold above asking price, there were more than 98 listings sold at asking price, and more than 218 were sold below. In November 2024 in Memphis, TN there were 6.8% more homes for sale than in October 2024.

From Rocket Homes Real Estate and based on county public records data.

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