NOT LISTED FOR SALE

1040 Railton Rd Memphis, TN 38111

Orange Mound Neighborhood

Estimated Value: $108,000 - $142,000

3 Beds
2 Baths
1,000-1,199 Sq Ft
$99/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2020

Last sale price $109,900 $92 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $718 / mo

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Brick Veneer
  • Central Heating and Cooling System

About This Home

As of December 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $950 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 10/02/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x128
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,169 Sq Ft Home
  • 1-Story Property
  • Den
  • Tile Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Park Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 059079 00017

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PARK GROVE
  • List Price Per Sq Ft: 94
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1169
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 31
  • Acreage: 0.17
  • Lot Size: 60X128

Tax Info

  • Assessor Parcel Number: 059079 00017

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Dec 7, 2020
Sold by
Bought by
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$109,900
Sold Price
$109,900
Current Estimated Value
$118,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,057
Avg. Annual Appreciation
1.41%
Original Mortgage
$87,920
Outstanding Balance
$76,613
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$42,344

Purchase Details

Closed on
Sep 28, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Orange Mound, TN

  • Nicole Sykes Real Estate Agent - The Home Partners Realty

    Nicole Sykes

    The Home Partners Realty

    (901) 422-8149

    24 Total Sales

    1 in Orange Mound

    $50,000 Price

    Nicole Sykes
     Section Image
  • Khary Goodwin Real Estate Agent - eXp Realty, LLC

    Khary Goodwin

    eXp Realty, LLC

    (901) 519-3645

    19 Total Sales

    1 in Orange Mound

    $130,500 Price

    Khary Goodwin
     Section Image
  • Kim Golden Real Estate Agent - Mint Realty Group

    Kim Golden

    Mint Realty Group

    (901) 267-0906

    69 Total Sales

    1 in Orange Mound

    $110,000 Price

    Kim Golden
     Section Image
  • Camille Holmes Real Estate Agent - Ready Team REALTORS

    Camille Holmes

    Ready Team REALTORS

    (901) 350-2302

    22 Total Sales

    2 in Orange Mound

    $75K - $140K Price Range

    Camille Holmes
     Section Image
  • Dylan Johnson Real Estate Agent - 901, REALTORS

    Dylan Johnson

    901, REALTORS

    (209) 618-2818

    110 Total Sales

    1 in Orange Mound

    $93,000 Price

    Dylan Johnson
     Section Image
  • Tammy Taylor Real Estate Agent - Kaizen Realty

    Tammy Taylor

    Kaizen Realty

    (901) 295-6651

    56 Total Sales

    1 in Orange Mound

    $163,000 Price

    Tammy Taylor
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$109,900 Delta Title Services Llc
$20,000 None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $87,920
Previous Owner $70,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/08/2020 12/08/20 Sold $109,900 0.0% $110 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $109,900 -- $110 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $763 $28,350 $2,450 $25,900
2024 $487 $14,375 $1,000 $13,375
2023 $876 $14,375 $1,000 $13,375
2022 $876 $14,375 $1,000 $13,375
2021 $886 $14,375 $1,000 $13,375
2020 $808 $11,150 $1,000 $10,150
2019 $356 $11,150 $1,000 $10,150
2018 $356 $11,150 $1,000 $10,150
2017 $365 $11,150 $1,000 $10,150
2016 $487 $11,150 $0 $0
2014 $487 $11,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy Real Estate Agent - Reedy & Company, REALTORS

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    15 in this area

    228 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    15 in this area

    240 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10086285

Memphis Area Association of REALTORS®

APN: 05-9079-0-0017

Tennessee Shelby County Memphis 38111 Orange Mound

1040 Railton Rd, Memphis, TN

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