NOT LISTED FOR SALE

1224 Rhodes Cove Memphis, TN 38111

Audubon Park Neighborhood

Estimated Value: $113,000 - $145,000

3 Beds
1.5 Baths
1,800-1,999 Sq Ft
$61/Sq Ft Est. Value

Last Sold January 13, 2014

Last sale price $23,500 $12 Per Sq Ft

Est. 420% increase in value since last sale

Current estimated payment $714/month

23 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • Wood Flooring

About This Home

As of January 2014

Great investment opportunity. Property sold "As-is". Possible conversion to 4br house; Great cove lot; owner/agent

Last Agent to Sell the Property

Griffin Elkington

River City Land Co., LLC License #299234 Listed on: 12/04/2013

Co-Listed By

Brian Green

Myers Cobb Realtors, LLC License #320607

Last Buyer's Agent

Julian Shaw

Realty International, Inc. License #327978

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $573

Year Built

  • Built in 1956

Lot Details

  • 0.29

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,592 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Parking Spaces
  • Carport

Additional Features

  • 0.29 Acre Lot
  • Central Heating and Cooling System

Community Details

  • Sherwood Forest 4Th Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058073 00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$573

Year Built

Built in 1956

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
  • Number Of Stories: 1
  • Price Per Sq Ft: 14.76
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1592
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 1.1

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Number: 76
  • Acreage: 0.29
  • Lot Size: .29 acres

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 058073 00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2014
Sold by
Gp Usaroi
Bought by
Townsend Sherlisa N
Current Estimated Value
$122,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,003
Outstanding Balance
$43,444
Interest Rate
5.12%
Mortgage Type
FHA
Estimated Equity
$83,898

Purchase Details

Listed on
Dec 4, 2013
Closed on
Jan 10, 2014
Sold by
Gp Biffco
Bought by
Gp Usaroi
Seller's Agent
Griffin Elkington
River City Land Co., LLC
Buyer's Agent
Julian Shaw
Realty International, Inc.
List Price
$29,900
Sold Price
$23,500
Premium/Discount to List
-$6,400
-21.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.65%
Original Mortgage
$30,000
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2013
Sold by
Hanks Lynn Phillips
Bought by
Gp Biffco

Purchase Details

Closed on
May 10, 2012
Sold by
Household Financial Center Inc
Bought by
Hanks Lynn Phillips

Purchase Details

Closed on
Jul 27, 2009
Sold by
Miller Floyd and Miller Florsia
Bought by
Household Financial Center Inc

Purchase Details

Closed on
Oct 30, 1997
Sold by
Mclennan Brenda J
Bought by
Miller Floyd and Miller Florsia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
7.31%

Purchase Details

Closed on
Aug 8, 1997
Sold by
Va
Bought by
Mclennan Brenda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
7.75%
Mortgage Type
Seller Take Back
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
Townsend Sherlisa N $55,000 None Available
Gp Usaroi $23,500 None Available
Gp Biffco $7,500 None Available
Hanks Lynn Phillips $25,000 None Available
Household Financial Center Inc $17,000 None Available
Miller Floyd $75,000 Southern Trust Title Company
Mclennan Brenda J $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Townsend Sherlisa N $54,003
Previous Owner Gp Usaroi $30,000
Previous Owner Miller Floyd $75,000
Previous Owner Miller Floyd $64,000
Previous Owner Mclennan Brenda J $34,500
Closed Miller Floyd $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2014 01/13/14 Sold $23,500 -21.4% $13 / Sq Ft
12/27/2013 12/27/13 Pending -- -- --
12/04/2013 12/04/13 For Sale $29,900 -- $17 / 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 $573 $31,375 $3,100 $28,275
2024 $573 $16,900 $2,350 $14,550
2023 $1,029 $16,900 $2,350 $14,550
2022 $1,029 $16,900 $2,350 $14,550
2021 $1,042 $16,900 $2,350 $14,550
2020 $1,025 $14,150 $2,350 $11,800
2019 $1,025 $14,150 $2,350 $11,800
2018 $1,025 $14,150 $2,350 $11,800
2017 $582 $14,150 $2,350 $11,800
2016 $602 $13,775 $0 $0
2014 $602 $13,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Griffin Elkington

    River City Land Co., LLC

    10 in this area

    28 Total Sales

    Griffin Elkington
    Section Image
  • Brian Green

    Seller Co-Listing Agent in 2014

    Brian Green

    Myers Cobb Realtors, LLC

    (901) 921-9993

    2 in this area

    14 Total Sales

    Brian Green
    Section Image

  • J

    Buyer's Agent in 2014

    Julian Shaw

    Realty International, Inc.

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3286535

Memphis Area Association of REALTORS®

APN: 05-8073-0-0006

Tennessee Shelby County Memphis 38111 Audubon Park

1224 Rhodes Cove, Memphis, TN

This home is located at 1224 Rhodes Cove, Memphis, TN 38111 since 04 December 2013 and is currently estimated at $122,195, approximately $61 per square foot. This property was built in 1956. 1224 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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