NOT LISTED FOR SALE

1197 Shirley Cove Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $133,000 - $158,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$117/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $99,900 $83 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $826/month

Highlights

  • Updated Kitchen
  • Den
  • Central Heating and Cooling System
  • Traditional Architecture
  • Some Wood Windows
  • 1-Story Property

About This Home

As of October 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $895 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: 07/31/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $798

Year Built

  • Built in 1951

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 56x94
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,124 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Laminate Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Shirley Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 053057 00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$798

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 752D
  • MAAR Subdivision Name: SHIRLEY MANOR
  • List Price Per Sq Ft: 89
  • Number Of Stories: 1
  • Price Per Sq Ft: 88.88
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1124
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1
  • Total Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 46
  • Acreage: 0.21
  • Lot Size: 56X94
  • Price Per Acre: 475714

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 053057 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2022
Sold by
Fabulous Fox Enterprise Tn Llc
Bought by
1216 E Corner Storage Llc
Current Estimated Value
$140,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Outstanding Balance
$94,566
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$44,578

Purchase Details

Closed on
Dec 17, 2020
Sold by
Sheidegger Cheri G and Stein Jeffrey M
Bought by
Fabulous Fox Enterprise Tn Llc

Purchase Details

Listed on
Jul 31, 2020
Closed on
Sep 9, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
Scheidegger Cheri G and Stein Jeffrey M
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$99,900
Sold Price
$99,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$74,925
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2020
Sold by
Deaton Robert and Deaton Johanna
Bought by
Memphis Investment Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 26, 2004
Sold by
Walton Michael J
Bought by
Deaton Robert and Deaton Johanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,900
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2002
Sold by
Prestage Kevin R and Prestage Lisa K
Bought by
Hud

Purchase Details

Closed on
Jan 17, 1997
Sold by
Mcwilliams Phillip N and Mcwilliams Karen P
Bought by
Prestage Kevin R and Prestage Lisa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,869
Interest Rate
7.43%
Mortgage Type
FHA
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
1216 E Corner Storage Llc $122,900 --
Fabulous Fox Enterprise Tn Llc -- None Available
Scheidegger Cheri G $99,900 Delta Title Services Llc
Memphis Investment Properties Ii Llc $50,000 None Available
Deaton Robert $69,900 --
Hud $52,299 --
Prestage Kevin R $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1216 E Corner Storage Llc $98,400
Previous Owner Scheidegger Cheri G $74,925
Previous Owner Memphis Investment Properties Ii Llc $80,000
Previous Owner Deaton Robert $62,900
Previous Owner Prestage Kevin R $50,869
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2020 10/13/20 Sold $99,900 0.0% $100 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $99,900 -- $100 / 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 $798 $34,675 $4,125 $30,550
2024 $798 $23,550 $2,350 $21,200
2023 $1,435 $23,550 $2,350 $21,200
2022 $1,435 $23,550 $2,350 $21,200
2021 $1,451 $23,550 $2,350 $21,200
2020 $793 $10,950 $2,350 $8,600
2019 $350 $10,950 $2,350 $8,600
2018 $350 $10,950 $2,350 $8,600
2017 $358 $10,950 $2,350 $8,600
2016 $492 $11,250 $0 $0
2014 $492 $11,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    27 in this area

    422 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    27 in this area

    439 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10081811

Memphis Area Association of REALTORS®

APN: 05-3057-0-0010

Tennessee Shelby County Memphis 38122 Berclair

1197 Shirley Cove, Memphis, TN

This home is located at 1197 Shirley Cove, Memphis, TN 38122 since 31 July 2020 and is currently estimated at $140,392, approximately $117 per square foot. This property was built in 1951. 1197 Shirley Cove is a home located in Shelby County with nearby schools including Kingsbury Elementary School, Kingsbury Middle School, and Kingsbury High School.

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