NOT LISTED FOR SALE

Estimated Value: $77,703 - $107,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$64/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $60,000 $43 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $518/month

8 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Burglar Security System
  • Traditional Architecture
  • Separate Formal Living Room
  • Laundry closet

About This Home

As of September 2020

Newly rehabbed property in VE ready for owner occupants or investors! Easy access to I-40, minutes away from Medical District and Downtown.

Last Agent to Sell the Property

Duane Kinnard

Tri-Leake Realty License #335044 Listed on: 08/13/2020

Last Buyer's Agent

Chelena Allen

BenchMark REALTORS, LLC License #335201

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $491

Year Built

  • Built in 1950

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 45x157
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,260 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Separate Formal Living Room
  • Dining Room

Kitchen

  • Updated Kitchen
  • Oven or Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Home Security

  • Burglar Security System
  • Iron Doors

Utilities

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

Community Details

  • Colonial Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 040029 00028

Home Details

Home Type

Single Family

Est. Annual Taxes

$491

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 742C
  • MAAR Subdivision Name: COLONIAL VILLAGE
  • List Price Per Sq Ft: 56
  • Number Of Stories: 1
  • Price Per Sq Ft: 47.62
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1260
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Hardwood Floor, Level 1
  • Bedroom 3 Description: Hardwood Floor, Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Equipment: Range/Oven
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, W/D Connection in Kitchen
  • Misc Interior: All Window Treatments
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Hardwood Floor, Level 1

Exterior Features

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

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Burglar Alarm
  • Water Sewer: Gas Water Heater, Public Water

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 59
  • Acreage: 0.16
  • Lot Size: 45X157
  • Price Per Acre: 437500

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 040029 00028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Sep 4, 2020
Sold by
Wallace Phil
Bought by
Gp Brown Lexington
Seller's Agent
Duane Kinnard
Tri-Leake Realty
Buyer's Agent
Chelena Allen
BenchMark REALTORS, LLC
List Price
$70,000
Sold Price
$60,000
Premium/Discount to List
-$10,000
-14.29%
Current Estimated Value
$87,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,123
Avg. Annual Appreciation
9.09%

Purchase Details

Closed on
Jan 30, 2003
Sold by
Union Planters Bank Na
Bought by
Wallace Phil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 14, 2002
Sold by
Cathey Randy L and Cathey Linda
Bought by
Union Planters Bank National Assn

Purchase Details

Closed on
Nov 8, 1996
Sold by
Connell Gary and Newell Timothy
Bought by
Cathey Randy L
Source: Public Records

Range of Values:

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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
Gp Brown Lexington $60,000 Preferred Title & Escrow Llc
Wallace Phil $39,000 Memphis Title Company
Union Planters Bank National Assn $31,500 --
Cathey Randy L $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wallace Phil $50,400
Previous Owner Wallace Phil $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $60,000 -14.3% $50 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $70,000 -- $58 / 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 $491 $26,450 $2,250 $24,200
2024 $491 $14,475 $1,125 $13,350
2023 $882 $14,475 $1,125 $13,350
2022 $882 $14,475 $1,125 $13,350
2021 $892 $14,475 $1,125 $13,350
2020 $277 $8,675 $1,125 $7,550
2019 $277 $8,675 $1,125 $7,550
2018 $277 $8,675 $1,125 $7,550
2017 $284 $8,675 $1,125 $7,550
2016 $379 $8,675 $0 $0
2014 $379 $8,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10082674

Memphis Area Association of REALTORS®

APN: 04-0029-0-0028