NOT LISTED FOR SALE

1047 Salem St Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $111,469 - $132,000

2 Beds
1 Bath
100-999 Sq Ft
$117/Sq Ft Est. Value

Last Sold October 03, 2014

Last sale price $45,000 $45 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $672/month

174 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Some Wood Windows
  • Traditional Architecture
  • Bonus Room
  • Porch

About This Home

As of October 2014

Beclair Beauty!New Kitchen,New Bath, Refinished Wood Floors,New Paint Inside/Out,New Limestone Drive,Garage, New Landscaping,LRG Patio,Fenced Yard, Updated Electrical,Newer Air Condenser, Blinds on all windows,Cool Breakfast Room/Laundry,Pantry. A Winner!

Last Agent to Sell the Property

Melody Bourell

Marx-Bensdorf, REALTORS License #290370 Listed on: 03/01/2014

Last Buyer's Agent

Melody Bourell

Marx-Bensdorf, REALTORS License #290370 Listed on: 03/01/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $476

Year Built

  • Built in 1949

Lot Details

  • 5,227 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 100-999 Sq Ft Home
  • 904 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Some Wood Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Bonus Room
  • Iron Doors
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Remodeled Bathroom
  • 1 Full Bathroom

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Shelby Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038073 00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$476

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 752E
  • MAAR Subdivision Name: SHELBY TERRACE
  • Freestanding: Yes
  • List Price Per Sq Ft: 55
  • Number Of Stories: 1
  • Price Per Sq Ft: 49.78
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 904
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling
  • Full Bathrooms: 1
  • Equipment: Disposal
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Eat-In Kitchen, Pantry
  • Misc Interior: All Window Treatments, Cat/Dog Free House
  • Other Rooms: Laundry Room, Bonus Room
  • Total Bathrooms: 1
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch, Patio
  • Exterior Windows: Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1A
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

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

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Wood Fenced, Chain Fenced
  • Lot Number: 87
  • Acreage: 0.12
  • Lot Size: 80/82.88 X 70/91.65
  • Price Per Acre: 415833

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 038073 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2014
Closed on
Oct 3, 2014
Sold by
Millionaire Properties Llc
Bought by
Yancey James T and Lum Yoke Fong
Seller's Agent
Melody Bourell
Marx-Bensdorf, REALTORS
Buyer's Agent
Melody Bourell
Marx-Bensdorf, REALTORS
List Price
$54,000
Sold Price
$45,000
Premium/Discount to List
-$9,000
-16.67%
Current Estimated Value
$116,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,867
Avg. Annual Appreciation
9.12%
Original Mortgage
$22,500
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2010
Sold by
Busler William J and Busler Karen D
Bought by
Millionaire Properties Llc

Purchase Details

Closed on
Oct 7, 2010
Sold by
Memphis Investment Rental Properties Llc
Bought by
Busler William J and Busler Karen D

Purchase Details

Closed on
Jun 16, 2010
Sold by
Higdon Billy J
Bought by
Memphis Investment Rental Properties Llc

Purchase Details

Closed on
Jan 12, 2001
Sold by
Tutor Sonya M
Bought by
Hud
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Yancey James T $45,000 Fntg
Millionaire Properties Llc -- None Available
Busler William J $35,900 None Available
Memphis Investment Rental Properties Llc $124,000 None Available
Hud $40,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Yancey James T $22,500
Previous Owner Higdon Billy J $40,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2014 10/03/14 Sold $45,000 -16.7% $450 / Sq Ft
08/22/2014 08/22/14 Pending -- -- --
03/01/2014 03/01/14 For Sale $54,000 -- $540 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $476 $33,200 $3,750 $29,450
2024 $476 $14,050 $1,500 $12,550
2023 $856 $14,050 $1,500 $12,550
2022 $856 $14,050 $1,500 $12,550
2021 $866 $14,050 $1,500 $12,550
2020 $897 $12,375 $1,500 $10,875
2019 $897 $12,375 $1,500 $10,875
2018 $897 $12,375 $1,500 $10,875
2017 $509 $12,375 $1,500 $10,875
2016 $484 $11,075 $0 $0
2014 $383 $8,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melody Bourell

    Seller's Agent in 2014

    Melody Bourell

    Marx-Bensdorf, REALTORS

    (901) 461-4016

    18 in this area

    261 Total Sales

    Melody Bourell
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3291643

Memphis Area Association of REALTORS®

APN: 03-8073-0-0009

Tennessee Shelby County Memphis 38122 Berclair

1047 Salem St, Memphis, TN

This home is located at 1047 Salem St, Memphis, TN 38122 since 01 March 2014 and is currently estimated at $116,867, approximately $116 per square foot. This property was built in 1949. 1047 Salem St is a home located in Shelby County with nearby schools including Treadwell Elementary School, Treadwell Middle School, and Kingsbury High School.

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