NOT LISTED FOR SALE

1245 Cherry Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $257,440 - $305,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$155/Sq Ft Est. Value

Last Sold August 17, 2017

Last sale price $175,000 $97 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,624/month

7 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Breakfast Room
  • Traditional Architecture
  • Separate Formal Living Room
  • Some Wood Windows

About This Home

As of August 2017

Wonderful 3 bedroom and 2 full baths. Great hardwood floors, big open rooms. Great big den with fireplace and beautiful windows over looking a big back fenced yard and deck. New roof and everything in move in condition. 2 car attached garage. Great location!

Last Agent to Sell the Property

Leigh Martin

Hobson, REALTORS License #277409 Listed on: 07/02/2017

Last Buyer's Agent

Michelle Koeppen

Ware Jones, REALTORS License #323748

Ware Jones, REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • 17,424 Sq Ft Lot
  • Level Lot
  • Few Trees

Home Design

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

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,765 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Fireplace Features Masonry
  • Some Wood Windows
  • Window Treatments
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • Storage Room
  • Pull Down Stairs to Attic
  • Iron Doors

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Cedar Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Polo Club Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058132 00009

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0.4 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: POLO CLUB ESTATES
  • List Price Per Sq Ft: 99
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1765
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Breakfast Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 1, Shared Bath, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Den/Great Room
  • Floors/Ceilings: Hardwood Throughout, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Self Cleaning Oven, Gas Cooking, Disposal, Dishwasher, Refrigerator, Dryer
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Eat-In Kitchen, Pantry, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Cedar Lined Closet(s), Pull Down Attic Stairs, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Deck
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Driveway/Pad, Storage Room(s), Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Security: Iron Door(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 39
  • Acreage: 0.4
  • Lot Size: .40 acres

Tax Info

  • Assessor Parcel Number: 058132 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2017
Closed on
Aug 16, 2017
Sold by
Wilson Wilson E and Wilson Colleen Hitch
Bought by
Patterson Joshua Trice and Patterson Lauren
Seller's Agent
Leigh Martin
Hobson, REALTORS
Buyer's Agent
Michelle Koeppen
Ware Jones, REALTORS
List Price
$174,000
Sold Price
$175,000
Premium/Discount to List
$1,000
0.57%
Current Estimated Value
$279,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,110
Avg. Annual Appreciation
5.57%
Original Mortgage
$171,830
Outstanding Balance
$140,844
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$138,266

Purchase Details

Closed on
Mar 26, 2015
Sold by
Wilson E Lee and Wilson Colleen Hitch
Bought by
Wilson E Lee and Wilson Colleen Hitch

Purchase Details

Closed on
Sep 22, 2006
Sold by
Eighteen Investments Inc
Bought by
Wilson E Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,197
Interest Rate
6.48%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 16, 2006
Sold by
Wells Fargo Bank Minnesota Na
Bought by
Eighteen Investments Inc

Purchase Details

Closed on
Nov 15, 2005
Sold by
Converse Gerri E and Converse Clark
Bought by
Wells Fargo Bank Minnesota Na

Purchase Details

Closed on
Feb 18, 2003
Sold by
Reloaction
Bought by
Converse Gerri E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
6.62%

Purchase Details

Closed on
Feb 6, 2003
Sold by
Bateson Robin M
Bought by
Reloaction

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
6.62%

Purchase Details

Closed on
Feb 26, 2001
Sold by
Estate Of Lottie Mae Taylor
Bought by
Bateson Robin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,300
Interest Rate
7.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patterson Joshua Trice $175,000 None Available
Wilson E Lee -- Carrington Title Svcs Llc
Wilson E Lee $174,900 None Available
Eighteen Investments Inc $134,000 None Available
Wells Fargo Bank Minnesota Na $122,215 --
Converse Gerri E $142,000 American Title Co
Reloaction $142,000 American Title Co
Bateson Robin M $127,000 Fidelity Title & Escrow Inc
Bateson Robin M $127,000 Fidelity Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patterson Joshua Trice $171,830
Previous Owner Wilson E Lee $172,197
Previous Owner Converse Gerri E $113,600
Previous Owner Bateson Robin M $114,300
Closed Converse Gerri E $28,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2017 08/17/17 Sold $175,000 +0.6% $109 / Sq Ft
07/09/2017 07/09/17 Pending -- -- --
07/02/2017 07/02/17 For Sale $174,000 -- $109 / 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 $1,872 $67,025 $14,300 $52,725
2024 $1,872 $55,225 $13,275 $41,950
2023 $3,364 $55,225 $13,275 $41,950
2022 $3,364 $55,225 $13,275 $41,950
2021 $3,404 $55,225 $13,275 $41,950
2020 $3,159 $43,600 $11,075 $32,525
2019 $3,159 $43,600 $11,075 $32,525
2018 $3,159 $43,600 $11,075 $32,525
2017 $1,792 $43,600 $11,075 $32,525
2016 $1,676 $38,350 $0 $0
2014 $1,676 $38,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leigh Martin

    Seller's Agent in 2017

    Leigh Martin

    Hobson, REALTORS

    (901) 351-3877

    22 in this area

    190 Total Sales

    Leigh Martin
    Section Image
  • Michelle Koeppen

    Buyer's Agent in 2017

    Michelle Koeppen

    Ware Jones, REALTORS

    (901) 650-6053

    9 in this area

    66 Total Sales

    Michelle Koeppen
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10006113

Memphis Area Association of REALTORS®

APN: 05-8132-0-0009

Tennessee Shelby County Memphis 38111 East Memphis

1245 Cherry Rd, Memphis, TN

Not Listed for Sale

Detached

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