NOT LISTED FOR SALE

1120 S Prescott St Memphis, TN 38111

Audubon Park Neighborhood

Estimated Value: $95,000 - $121,000

2 Beds
1 Bath
1,000-1,199 Sq Ft
$93/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $105,900 $88 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $697/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of January 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $820.00 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: 10/31/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $614

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 87x100
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,120 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Radford Village 1St Subdivision

Listing and Financial Details

  • Assessor Parcel Number 059088 00001

Home Details

Home Type

Single Family

Est. Annual Taxes

$614

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 #: 758B
  • MAAR Subdivision Name: SHERWOOD FOREST
  • List Price Per Sq Ft: 95
  • Number Of Stories: 1
  • Price Per Sq Ft: 94.55
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1120
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Fireplace: Masonry
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: E PT 39
  • Acreage: 0.2
  • Lot Size: 87X100
  • Price Per Acre: 529500

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 059088 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2021
Closed on
Jan 28, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Williams Nathan S
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$105,900
Sold Price
$105,900
Current Estimated Value
$118,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,209
Avg. Annual Appreciation
3.54%
Original Mortgage
$84,720
Outstanding Balance
$78,818
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$40,920

Purchase Details

Closed on
Oct 4, 2021
Sold by
Armstrong Aaron and Butler Family Trust
Bought by
Memphis Investment Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,600
Interest Rate
2.28%
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
Williams Nathan S $105,900 Delta Title Services
Memphis Investment Properties Iii Llc $46,000 Delta Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Nathan S $84,720
Previous Owner Memphis Investment Properties Iii Llc $225,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $105,900 0.0% $106 / Sq Ft
10/31/2021 10/31/21 Pending -- -- --
10/31/2021 10/31/21 For Sale $105,900 -- $106 / 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 $614 $29,975 $4,525 $25,450
2024 $614 $18,100 $3,150 $14,950
2023 $1,103 $18,100 $3,150 $14,950
2022 $987 $16,200 $3,150 $13,050
2021 $440 $16,200 $3,150 $13,050
2020 $877 $12,100 $2,250 $9,850
2019 $387 $12,100 $2,250 $9,850
2018 $387 $12,100 $2,250 $9,850
2017 $396 $12,100 $2,250 $9,850
2016 $530 $12,125 $0 $0
2014 $530 $12,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    28 in this area

    433 Total Sales

    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    29 in this area

    450 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10111902

Memphis Area Association of REALTORS®

APN: 05-9088-0-0001

Tennessee Shelby County Memphis 38111 Audubon Park

1120 S Prescott St, Memphis, TN

This home is located at 1120 S Prescott St, Memphis, TN 38111 since 31 October 2021 and is currently estimated at $111,386, approximately $92 per square foot. This property was built in 1950. 1120 S Prescott St is a home located in Shelby County with nearby schools including Sherwood Elementary School, Sherwood Middle, and Melrose High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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