NOT LISTED FOR SALE

1221 Rhodes Cove Memphis, TN 38111

Audubon Park Neighborhood

Estimated Value: $182,197 - $216,000

4 Beds
2 Baths
2,000-2,199 Sq Ft
$90/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $87,900 $40 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $1,123/month

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Tile Flooring
  • Separate Formal Living Room
  • Patio
  • Central Heating and Cooling System

About This Home

As of June 2017

Newly-renovated home with lots of space! Large living room, eat-in kitchen, 4 spacious bedrooms with split bedroom floorplan, large storage area and 2 car carport. Renovation includes: a new HVAC system, new roof, refurbished kitchen and bathroom, new vinyl plank flooring and much more! Multiple Properties Rehabbed to a High Standard Available.

Last Agent to Sell the Property

Jeremy Veldman

KAIZEN Realty, LLC License #327507 Listed on: 03/31/2017

KAIZEN Realty, LLC

Last Buyer's Agent

Jeremy Veldman

KAIZEN Realty, LLC License #327507 Listed on: 03/31/2017

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $859

Year Built

  • Built in 1960

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,094 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Eat-In Kitchen

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Sherwood Forest 4Th Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058073 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$859

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 758C
  • MAAR Subdivision Name: SHERWOOD FOREST 4TH ADD
  • List Price Per Sq Ft: 42
  • Number Of Stories: 1
  • Price Per Sq Ft: 41.98
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2094
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Split Bedroom Plan
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Patio

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 77
  • Acreage: 0.23
  • Lot Size: 0.23 acres
  • Price Per Acre: 382174

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 058073 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2017
Closed on
Jun 30, 2017
Sold by
Memphis Turnkey Properties
Bought by
Bhargava Neeraj
Seller's Agent
Jeremy Veldman
KAIZEN Realty, LLC
Buyer's Agent
Jeremy Veldman
KAIZEN Realty, LLC
List Price
$87,900
Sold Price
$87,900
Current Estimated Value
$198,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,399
Avg. Annual Appreciation
10.30%
Original Mortgage
$70,320
Outstanding Balance
$58,520
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$139,779

Purchase Details

Listed on
Nov 1, 2016
Closed on
Feb 21, 2017
Sold by
Fmbc Investments Llc
Bought by
Memphis Turnkey Properties Gp
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Christine Mcbee
Crye-Leike, Inc., REALTORS
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
577.31%

Purchase Details

Closed on
Jun 18, 2009
Sold by
T & L Investments Llc
Bought by
Fmbc Investments Llc

Purchase Details

Closed on
Jun 2, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
T & L Investments Llc

Purchase Details

Closed on
Aug 29, 2008
Sold by
Franklin Sandra L and Franklin Patrick
Bought by
Hsbc Bank Usa Na and Home Equity Loan Tr Series Ace 2006-He1

Purchase Details

Closed on
Sep 24, 2005
Sold by
Franklin Patrick
Bought by
Franklin Patrick and Franklin Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
8.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 1997
Sold by
Kara Dinaz
Bought by
Franklin Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,900
Interest Rate
7.43%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bhargava Neeraj $87,900 Saddle Creek Title Llc
Memphis Turnkey Properties Gp $45,000 Saddle Creek Title
Fmbc Investments Llc $33,000 None Available
T & L Investments Llc $28,911 None Available
Hsbc Bank Usa Na $36,075 None Available
Franklin Patrick -- American Title Company Inc
Franklin Patrick $75,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhargava Neeraj $70,320
Previous Owner Franklin Patrick $76,500
Previous Owner Franklin Patrick $74,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2017 06/30/17 Sold $87,900 0.0% $44 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $87,900 +95.3% $44 / Sq Ft
02/21/2017 02/21/17 Sold $45,000 -9.8% $25 / Sq Ft View Prior Sale
02/04/2017 02/04/17 Pending -- -- --
11/01/2016 11/01/16 For Sale $49,900 -- $28 / 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 $859 $52,700 $3,100 $49,600
2024 $859 $25,350 $2,375 $22,975
2023 $1,544 $25,350 $2,375 $22,975
2022 $1,544 $25,350 $2,375 $22,975
2021 $1,562 $25,350 $2,375 $22,975
2020 $1,607 $22,175 $2,375 $19,800
2019 $1,607 $22,175 $2,375 $19,800
2018 $1,607 $22,175 $2,375 $19,800
2017 $756 $18,400 $2,375 $16,025
2016 $729 $16,675 $0 $0
2014 $729 $16,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Veldman

    Seller's Agent in 2017

    Jeremy Veldman

    KAIZEN Realty, LLC

    (901) 221-4041

    11 in this area

    211 Total Sales

    Jeremy Veldman
    Section Image

  • C

    Seller's Agent in 2017

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    1 in this area

    37 Total Sales

    Carol Tate
    Section Image

  • C

    Buyer's Agent in 2017

    Christine Mcbee

    Crye-Leike

    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10005499

Memphis Area Association of REALTORS®

APN: 05-8073-0-0005

Tennessee Shelby County Memphis 38111 Audubon Park

1221 Rhodes Cove, Memphis, TN

This home is located at 1221 Rhodes Cove, Memphis, TN 38111 since 31 March 2017 and is currently estimated at $198,299, approximately $90 per square foot. This property was built in 1960. 1221 Rhodes Cove 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.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes