NOT LISTED FOR SALE

1050 Shaw Place Memphis, TN 38126

South Memphis Neighborhood

Estimated Value: $121,000 - $136,000

4 Beds
1 Bath
1,000-1,199 Sq Ft
$106/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $123,700 $103 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $679/month

5 Days on Market

Highlights

  • The property is located in a historic district
  • Separate Formal Living Room
  • Laundry Room
  • Traditional Architecture
  • Brick Veneer
  • Dining Room

About This Home

As of October 2023

Newly renovated home selling at a 14% cap rate. Rented at $1,620. Fully remodeled inside and out including new windows, water heater, electric furnace. The entire house is electric. Tenant pays all utilities/maintenance for the property.

Last Agent to Sell the Property

Jonathan Minerick

homecoin.com License #357494 Listed on: 09/27/2023

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1973

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 44x125
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,150 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Iron Doors
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Location

  • The property is located in a historic district

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • Goodman Blk D Subdivision

Listing and Financial Details

  • Assessor Parcel Number 025035 00001

Home Details

Home Type

Single Family

Year Built

Built in 1973

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: GOODMAN BLK D
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1150
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 4
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Other Rooms: Laundry Room

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Historic District
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric, Wall Unit

Lot Info

  • Lot Description: Level
  • Lot Number: 1
  • Acreage: 0.12
  • Lot Size: 44X125

Tax Info

  • Assessor Parcel Number: 025035 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2023
Closed on
Oct 18, 2023
Sold by
Memphis Acquisitions Llc
Bought by
Lopez Jose R and Lopez Patricia R
Seller's Agent
Jonathan Minerick
homecoin.com
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$129,000
Sold Price
$123,700
Premium/Discount to List
-$5,300
-4.11%
Views
3
Current Estimated Value
$127,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,379
Avg. Annual Appreciation
1.16%
Original Mortgage
$105,300
Outstanding Balance
$103,065
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$24,014

Purchase Details

Listed on
Sep 27, 2023
Closed on
Aug 22, 2023
Sold by
Williams Laura
Bought by
Memphis Acquisitions Llc
Seller's Agent
Jonathan Minerick
homecoin.com
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$129,000
Sold Price
$123,700
Premium/Discount to List
-$5,300
-4.11%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,300
Outstanding Balance
$103,065
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$24,014

Purchase Details

Closed on
Nov 2, 2021
Sold by
Jones Kenny
Bought by
Williams Laura

Purchase Details

Closed on
May 24, 2018
Sold by
Jones Kenny L
Bought by
Bank Of America

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.66%

Purchase Details

Closed on
Mar 27, 2007
Sold by
K & T Investments
Bought by
Jones Kenny

Purchase Details

Closed on
Mar 26, 2007
Sold by
Wells Fargo Bank
Bought by
Walls Kevin

Purchase Details

Closed on
Dec 5, 2006
Sold by
Hester Holly M
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 15, 2006
Sold by
Hester John
Bought by
Hester Holly

Purchase Details

Closed on
Oct 12, 2005
Sold by
Prime Rental Llc
Bought by
Hester John

Purchase Details

Closed on
Jan 7, 2004
Sold by
Less Bert A
Bought by
Prime Rental Llc

Purchase Details

Closed on
Jul 30, 1996
Sold by
First Money Center
Bought by
Less Bert A
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

Date Buyer Sale Price Title Company
Lopez Jose R $123,700 Saddle Creek Title
Memphis Acquisitions Llc $52,000 Saddle Creek Title
Williams Laura $40,000 None Available
Bank Of America -- --
Jones Kenny -- None Available
Walls Kevin $17,000 Associates Closing & Title H
Wells Fargo Bank Na $17,771 None Available
Hester Holly -- Absolute Title & Escrow
Hester John $23,000 Title Enterprises
Prime Rental Llc -- --
Less Bert A $5,000 --
Less Bert A $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Jose R $105,300
Previous Owner Memphis Acquisitions Llc $66,000
Previous Owner Bank Of America --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2023 10/16/23 Sold $123,700 -4.1% $124 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $129,000 -- $129 / 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 $327 $30,900 $1,750 $29,150
2024 -- $9,650 $875 $8,775
2023 $588 $9,650 $875 $8,775
2022 $588 $9,650 $875 $8,775
2021 $56 $2,075 $875 $1,200
2019 $66 $2,075 $875 $1,200
2018 $66 $2,075 $875 $1,200
2017 $68 $2,075 $875 $1,200
2016 $91 $2,075 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Minerick

    Seller's Agent in 2023

    Jonathan Minerick

    homecoin.com

    (888) 400-2513

    9 in this area

    7,402 Total Sales

    Jonathan Minerick
    Section Image

  • N

    Buyer's Agent in 2023

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10157953

Memphis Area Association of REALTORS®

APN: 02-5035-0-0001

Tennessee Shelby County Memphis 38126 South Memphis

1050 Shaw Place, Memphis, TN

Not Listed for Sale

Detached

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