NOT LISTED FOR SALE

1156 Parkrose Ave Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $118,000 - $146,000

4 Beds
1.5 Baths
1,400-1,599 Sq Ft
$82/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $129,900 $81 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $788/month

Highlights

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

About This Home

As of August 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $995 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: 02/26/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $863

Year Built

  • Built in 1971

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 70x145
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,439 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Westwood Hills Blk E Subdivision

Listing and Financial Details

  • Assessor Parcel Number 082039 00024

Home Details

Home Type

Single Family

Est. Annual Taxes

$863

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 765A
  • MAAR Subdivision Name: WESTWOOD HILLS BLK E
  • List Price Per Sq Ft: 91
  • Number Of Stories: 1
  • Price Per Sq Ft: 90.27
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1439
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedroom 4 Description: Level 1
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1.1
  • 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: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 268
  • Acreage: 0.23
  • Lot Size: 70X145
  • Price Per Acre: 569130

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 082039 00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
Aug 24, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
1216 East Corner Storage Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$130,900
Sold Price
$129,900
Premium/Discount to List
-$1,000
-0.76%
Current Estimated Value
$131,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,838
Avg. Annual Appreciation
2.07%
Original Mortgage
$104,520
Outstanding Balance
$100,483
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$37,718

Purchase Details

Closed on
Feb 18, 2022
Sold by
Suree Butler-Conner
Bought by
Memphis Investment Properties Iii

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
1216 East Corner Storage Llc $129,900 --
Memphis Investment Properties Iii $57,000 Delta Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1216 East Corner Storage Llc $104,520
Previous Owner Memphis Investment Properties Iii $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2022 08/24/22 Sold $129,900 -0.8% $93 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $130,900 -- $94 / 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 $863 $39,875 $3,000 $36,875
2024 $863 $25,450 $2,250 $23,200
2023 $1,550 $25,450 $2,250 $23,200
2022 $1,075 $17,650 $2,250 $15,400
2021 $973 $17,650 $2,250 $15,400
2020 $973 $13,425 $2,250 $11,175
2019 $429 $13,425 $2,250 $11,175
2018 $429 $13,425 $2,250 $11,175
2017 $439 $13,425 $2,250 $11,175
2016 $564 $12,900 $0 $0
2014 $564 $12,900 $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

    23 in this area

    423 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    23 in this area

    440 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10118711

Memphis Area Association of REALTORS®

APN: 08-2039-0-0024

Tennessee Shelby County Memphis 38109 Westwood

1156 Parkrose Ave, Memphis, TN

This home is located at 1156 Parkrose Ave, Memphis, TN 38109 since 26 February 2022 and is currently estimated at $131,738, approximately $82 per square foot. This property was built in 1971. 1156 Parkrose Ave is a home located in Shelby County with nearby schools including Double Tree Elementary School, Chickasaw Middle School, and Westwood High School.

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