$45,000
SOLD FEB 21, 2017

1221 Rhodes Cove Memphis, TN 38111

Audubon Park Neighborhood
4 Beds
2 Baths
1,800-1,999 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$23 Per Sq Ft

10% Below List Price

95 Days on Market

Highlights

  • Traditional Architecture
  • Den
  • Central Heating and Cooling System
  • Separate Formal Living Room
  • Eat-In Kitchen
  • Dining Room

About This Home

As of June 2017

Great potential in this spacious brick home. Newly painted inside and out, living room, formal dining room, kitchen with lots of cabinets, 4 bedrooms, 2 baths, covered patio, double carport and huge fenced yard for the kids to play. Won't last long at this low price! As is pricing.

Last Agent to Sell the Property

Carol Tate

Tate Realty and Construction License #56037 Listed on: 11/01/2016

Last Buyer's Agent

Christine Mcbee

Crye-Leike, Inc., REALTORS License #271245

Crye-Leike, Inc., REALTORS

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

  • 1,800-1,999 Sq Ft Home
  • 2,094 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • 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: 24
  • Number Of Stories: 1
  • Price Per Sq Ft: 21.49
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2094
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 2 or More Baths
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedroom 4 Description: Level 1
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Eat-In Kitchen
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Exterior Windows: Brick Veneer

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: 77
  • Acreage: 0.23
  • Lot Size: 10396
  • Price Per Acre: 216957

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
$171,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,023
Avg. Annual Appreciation
7.67%
Original Mortgage
$70,320
Outstanding Balance
$58,661
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$101,857

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $87,900 Saddle Creek Title Llc
Warranty Deed $45,000 Saddle Creek Title
Warranty Deed $33,000 None Available
Corporate Deed $28,911 None Available
Trustee Deed $36,075 None Available
Interfamily Deed Transfer -- American Title Company Inc
Warranty Deed $75,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $70,320 New Conventional
Previous Owner $54,000 Future Advance Clause Open End Mortgage
Previous Owner $76,500 New Conventional
Previous Owner $74,900 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    213 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

    38 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: 9989818

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 and is currently priced at $45,000, approximately $22 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.

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