NOT LISTED FOR SALE

1217 Will Scarlet Rd Memphis, TN 38111

Audubon Park Neighborhood

Estimated Value: $88,000 - $137,000

3 Beds
1 Bath
975 Sq Ft
$104/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $46,000 $47 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $565/month

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Separate Formal Living Room
  • Landscaped Professionally
  • Wood Flooring
  • Home Office

About This Home

As of April 2018

Three bedrooms 1 bath or two bedrooms with conveniently located office. New central heat and air system and freshly painted. Already making income of $550 a month. Great for investors.

Last Agent to Sell the Property

Denise Richardson

Crye-Leike, Inc., REALTORS License #208750 Listed on: 01/17/2017

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Denise Richardson

Crye-Leike, Inc., REALTORS License #208750 Listed on: 01/17/2017

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $402

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot
  • Chain Link Fence
  • Landscaped Professionally
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 975 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Separate Formal Living Room
  • Home Office
  • Wood Flooring
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Self-Cleaning Oven

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Sherwood Forest Fifth Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058071 00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$402

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Rhodes
  • MLS Map #: 758D
  • MAAR Subdivision Name: SHERWOOD FOREST 5TH ADD
  • List Price Per Sq Ft: 51
  • Number Of Stories: 1
  • Price Per Sq Ft: 47.18
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 975
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Continuous Cleaning Oven, Washer, Dryer, Cable Available
  • Living Dining Kitchen: Separate Living Room, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Other Rooms: Laundry Room, Office/Sewing Room
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Built-In Cabinets/Bkcases

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Covered Patio, Chain Fence
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • 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, Level, Professionally Landscaped, Chain Fenced
  • Lot Number: 53
  • Acreage: 0.15
  • Lot Size: .15
  • Price Per Acre: 332667

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 058071 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2019
Sold by
Neighborhood Revival Llc
Bought by
Nhr Memphis I Llc
Current Estimated Value
$101,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,352,375
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2018
Sold by
Wessel Peter
Bought by
Neighborhood Revival Llc

Purchase Details

Listed on
Jan 17, 2017
Closed on
Apr 26, 2018
Sold by
Kincaide James
Bought by
Wessel Peter O
Seller's Agent
Denise Richardson
Crye-Leike, Inc., REALTORS
Buyer's Agent
Denise Richardson
Crye-Leike, Inc., REALTORS
List Price
$54,900
Sold Price
$46,000
Premium/Discount to List
-$8,900
-16.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%

Purchase Details

Closed on
Mar 3, 2016
Sold by
Gray Scott J
Bought by
Kincaide James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 17, 2014
Closed on
Dec 19, 2014
Sold by
Thompson Nancy W and Thompson Daniel
Bought by
Gray Scott J
Seller's Agent
Lance Walker
Walker Auctions
Buyer's Agent
Lance Walker
Walker Auctions
List Price
$44,500
Sold Price
$28,875
Premium/Discount to List
-$15,625
-35.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.26%

Purchase Details

Closed on
Apr 17, 2014
Sold by
Whitten Patsy P
Bought by
Thompson Nancy W
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nhr Memphis I Llc -- Os National Llc
Neighborhood Revival Llc -- None Available
Wessel Peter O $46,000 None Available
Kincaide James $37,500 Attorney
Gray Scott J $28,875 Fidelity Natl Title Ins Co
Thompson Nancy W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nhr Memphis I Llc $2,352,375
Previous Owner Kincaide James $37,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2018 04/26/18 Sold $46,000 -16.2% $47 / Sq Ft
03/31/2018 03/31/18 Pending -- -- --
01/17/2017 01/17/17 For Sale $54,900 +90.1% $56 / Sq Ft
12/19/2014 12/19/14 Sold $28,875 -35.1% $289 / Sq Ft View Prior Sale
11/17/2014 11/17/14 Pending -- -- --
10/17/2014 10/17/14 For Sale $44,500 -- $445 / 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 $402 $22,600 $2,200 $20,400
2024 $402 $11,850 $1,675 $10,175
2023 $722 $11,850 $1,675 $10,175
2022 $722 $11,850 $1,675 $10,175
2021 $730 $11,850 $1,675 $10,175
2020 $639 $8,825 $1,675 $7,150
2019 $282 $8,825 $1,675 $7,150
2018 $282 $8,825 $1,675 $7,150
2017 $289 $8,825 $1,675 $7,150
2016 $390 $8,925 $0 $0
2014 $390 $8,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Denise Richardson

    Seller's Agent in 2018

    Denise Richardson

    Crye-Leike

    (901) 604-8371

    16 Total Sales

    Denise Richardson
    Section Image
  • Lance Walker

    Seller's Agent in 2014

    Lance Walker

    Walker Auctions

    (901) 493-1936

    1 in this area

    15 Total Sales

    Lance Walker
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10018607

Memphis Area Association of REALTORS®

APN: 05-8071-0-0011

Tennessee Shelby County Memphis 38111 Audubon Park

1217 Will Scarlet Rd, Memphis, TN

This home is located at 1217 Will Scarlet Rd, Memphis, TN 38111 since 17 January 2017 and is currently estimated at $101,363, approximately $103 per square foot. This property was built in 1950. 1217 Will Scarlet Rd is a home located in Shelby County with nearby schools including Sherwood Elementary School, Sherwood Middle, and Melrose High School.

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