NOT LISTED FOR SALE

1040 Railton Rd Memphis, TN 38111

Orange Mound Neighborhood

Estimated Value: $107,244 - $142,000

3 Beds
2 Baths
1,000-1,199 Sq Ft
$102/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2020

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

Est. 11% increase in value since last sale

Current estimated payment $693 / 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

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

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Dec 7, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
Norton Preston and Norton Megan
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
$122,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,411
Avg. Annual Appreciation
1.99%
Original Mortgage
$87,920
Outstanding Balance
$78,058
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$44,253

Purchase Details

Closed on
Sep 28, 2020
Sold by
Mccartney Donna J
Bought by
Memphis Investment Properties Ii Llc

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
Imogene Harlow
Bought by
Mccartney Donna J and Mccartney Buddy L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Norton Preston $109,900 Delta Title Services Llc
Memphis Investment Properties Ii Llc $20,000 None Available
Mccartney Donna J -- --
Mccartney Donna J -- --
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 Norton Preston $87,920
Previous Owner Memphis Investment Properties Ii Llc $70,000
Source: Public Records

Property History

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

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 $487 $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

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    16 in this area

    275 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    16 in this area

    288 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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