NOT LISTED FOR SALE

124 E Cherry Dr Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $1,176,000 - $1,441,184

4 Beds
5 Baths
6,000-6,999 Sq Ft
$186/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $945,000 $135 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,426/month

4 Days on Market

Highlights

  • Detached Guest House
  • Media Room
  • Sitting Area In Primary Bedroom
  • White Station High Rated A
  • Pool House
  • 0.91 Acre Lot

About This Home

As of August 2020

WOW! ALL THIS NOW FOR $989,000! “NO SUMMER CAMPS? NO WORRIES!” This super fun family home is the one where all the kids came growing up! The loving owners want a new family to enjoy the pool, basketball court, grand private yard for play & sports, 1,600 ft pool house for ping-pong & games, lots of campers OR guest house! Walls of glass overlook the grounds. OPPORTUNITY!

Last Agent to Sell the Property

Jimmy Reed

Marx-Bensdorf, REALTORS License #205881 Listed on: 07/26/2020

Last Buyer's Agent

Meredith McDonald

Ware Jones, REALTORS License #240133

Ware Jones, REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 0.91 Acre Lot
  • Lot Dimensions are 157x253
  • Wood Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Contemporary Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 6,000-6,999 Sq Ft Home
  • 6,601 Sq Ft Home
  • 1.1-Story Property
  • Built-in Bookshelves
  • Gas Log Fireplace
  • Fireplace in Hearth Room
  • Some Wood Windows
  • Double Pane Windows
  • Casement Windows
  • Mud Room
  • Entrance Foyer
  • Living Room with Fireplace
  • 3 Fireplaces
  • Media Room
  • Home Office
  • Loft
  • Play Room
  • Storage Room
  • Laundry Room
  • Keeping Room
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Marble
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 4 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Primary Bathroom is a Full Bathroom
  • Powder Room
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Home Security

  • Monitored
  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Front Facing Garage
  • Garage Door Opener

Pool

  • Pool House
  • Heated In Ground Pool
  • Pool Equipment or Cover

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Detached Guest House

Community Details

  • Wells James Subdivision

Listing and Financial Details

  • Assessor Parcel Number 057026 00025

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Contemporary
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: BELLE MEADE
  • List Price Per Sq Ft: 150
  • Number Of Stories: 1.1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 6601
  • Termite Contract: Yes
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Second Story Floor Plan: Play Room/Rec Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 6000 - 6999
  • Bedroom 2 Description: Hardwood Floor, Level 1, Walk-In Closet
  • Bedroom 3 Description: Hardwood Floor, Shared Bath, Level 1, Walk-In Closet
  • Bedroom 4 Description: Hardwood Floor, Shared Bath, Level 1
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Fireplace: In Living Room, In Keeping/Hearth room, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Marble/Terrazzo
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Equipment: Double Oven, Cooktop, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Breakfast Bar, Pantry, Keeping/Hearth Room
  • Misc Interior: Walk-In Closet(s), Pull Down Attic Stairs, Rear Stairs to Playroom, Mud Room, Powder/Dressing Room, Security System, Monitored Alarm, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 3
  • Other Rooms: Laundry Room, Office/Sewing Room, Separate Guest House, Entry Hall, Loft/Balcony, Media Room, Attic
  • Primary Bathroom Description: Double Sinks, Dressing Area, Separate Shower, Tile Floor
  • P R I M A R Y B E D R O O M: Built-In Cabinets/Bkcases, Full Bath, Fireplace, Level 1, Sitting Area, Tile Floor, Walk-In Closet

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Pool Heater, Patio, Covered Patio, Pool House
  • Exterior Windows: Brick Veneer, Wood/Composition, Double Pane Window(s), Casement Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 2
  • Parking Display: 2A
  • Parking Storage: Storage Room(s), Workshop(s), Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: 3 or More Systems, Central
  • Heating: Central, Gas, 3 or More Systems
  • Security: Burglar Alarm, Monitored Alarm System, Smoke Detector(s)
  • Water Sewer: Electric Water Heater, Gas Water Heater, Public Sewer, Public Water

Lot Info

  • Lot Description: Some Trees, Professionally Landscaped, Wood Fenced
  • Lot Number: 6
  • Acreage: 0.91
  • Keeping Hearth Dimension: 25x23
  • Lot Size: 157X253

Tax Info

  • Assessor Parcel Number: 057026 00025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2020
Closed on
Aug 28, 2020
Sold by
Grone R Andrew R and Grone Angela J
Bought by
Anthony Benjamin Leonard and Anthony Rebecca Schaeffer
Seller's Agent
Jimmy Reed
Marx-Bensdorf, REALTORS
Buyer's Agent
Meredith McDonald
Ware Jones, REALTORS
List Price
$989,000
Sold Price
$945,000
Premium/Discount to List
-$44,000
-4.45%
Current Estimated Value
$1,301,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,546
Avg. Annual Appreciation
6.11%
Original Mortgage
$510,400
Outstanding Balance
$450,884
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$850,662

Purchase Details

Closed on
Sep 24, 1996
Sold by
Smith Lucille V and Chapman Smith W
Bought by
Crone R Andrew and Crone Angela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anthony Benjamin Leonard $945,000 None Available
Crone R Andrew $543,000 --
Crone R Andrew $543,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anthony Benjamin Leonard $510,400
Previous Owner Crone R Andrew $434,000
Closed Crone R Andrew $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $945,000 -4.4% $158 / Sq Ft
07/26/2020 07/26/20 For Sale $989,000 -- $165 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $7,833 $281,925 $122,250 $159,675
2024 $7,833 $231,075 $105,150 $125,925
2023 $14,076 $231,075 $105,150 $125,925
2022 $14,076 $231,075 $105,150 $125,925
2021 $14,241 $231,075 $105,150 $125,925
2020 $17,390 $240,000 $105,150 $134,850
2019 $9,460 $296,000 $105,150 $190,850
2018 $9,460 $296,000 $105,150 $190,850
2017 $9,684 $296,000 $105,150 $190,850
2016 $10,488 $240,000 $0 $0
2014 $10,488 $240,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jimmy Reed

    Seller's Agent in 2020

    Jimmy Reed

    Marx-Bensdorf, REALTORS

    (901) 461-1868

    25 in this area

    125 Total Sales

    Jimmy Reed
    Section Image

  • M

    Buyer's Agent in 2020

    Meredith McDonald

    Ware Jones, REALTORS

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10081446

Memphis Area Association of REALTORS®

APN: 05-7026-0-0025

Tennessee Shelby County Memphis 38117 East Memphis

124 E Cherry Dr, Memphis, TN

Not Listed for Sale

Detached

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