NOT LISTED FOR SALE

1247 S Prescott St Memphis, TN 38111

Orange Mound Neighborhood

Estimated Value: $81,000 - $122,344

2 Beds
1 Bath
100-999 Sq Ft
$98/Sq Ft Est. Value

Last Sold June 10, 2017

Last sale price $18,000 $18 Per Sq Ft

Est. 539% increase in value since last sale

Current estimated payment $654/month

11 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Central Heating
  • Eat-In Kitchen
  • Tile Flooring
  • 5-minute walk to Sherwood Park

About This Home

As of June 2017

This home is priced under market. Cute 2 bedroom home with eat in kitchen. Located on large lot near Univ of Memphis. Perfect for investor looking for immediate cash flow!!

Last Agent to Sell the Property

Demetris Mays-Graham

C21 Patterson & Assoc. Real Es License #243040 Listed on: 10/10/2016

C21 Patterson & Assoc. Real Es

Last Buyer's Agent

Demetris Mays-Graham

C21 Patterson & Assoc. Real Es License #243040 Listed on: 10/10/2016

C21 Patterson & Assoc. Real Es

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $303

Year Built

  • Built in 1947

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 854 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Living Room
  • Tile Flooring
  • Iron Doors
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Location

  • Ground Level

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Cedar Oaks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 059090 00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$303

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MLS Map #: 757F
  • MAAR Subdivision Name: CHEROKEE
  • List Price Per Sq Ft: 29
  • Number Of Stories: 1
  • Price Per Sq Ft: 21.08
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 854
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Tile Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Tile
  • Full Bathrooms: 1
  • Equipment: Cable Available
  • Living Dining Kitchen: Eat-In Kitchen
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Smooth Ceiling, Tile Floor

Exterior Features

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

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central
  • Water Sewer: Gas Water Heater

Lot Info

  • Lot Description: Level
  • Lot Number: W PT 13
  • Acreage: 0.3
  • Lot Size: .30
  • Price Per Acre: 83333

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 059090 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2024
Sold by
Feol Revocable Living Trust and Feol Robert C
Bought by
Pegasus Real Estate Services Llc
Current Estimated Value
$115,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Outstanding Balance
$154,297
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
-$34,153

Purchase Details

Closed on
Jul 26, 2024
Sold by
Pegasus Real Estate Services Llc
Bought by
Feol Revocable Living Trust and Feol

Purchase Details

Closed on
Oct 31, 2016
Sold by
Graham Terrell and Graham Demetris
Bought by
Pegasus Real Estate Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2006
Sold by
Walker Sharon
Bought by
Graham Terrell and Graham Demetris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 2, 2005
Sold by
Williams Cedric
Bought by
Hud

Purchase Details

Closed on
Jan 30, 1996
Bought by
Taylor James C and Taylor Robin W
Source: Public Records

Range of Values:

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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
Pegasus Real Estate Services Llc -- Saddle Creek Title
Feol Revocable Living Trust -- Saddle Creek Title
Pegasus Real Estate Services Llc $19,500 Saddle Creek Title
Graham Terrell -- None Available
Hud $45,826 --
Taylor James C $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pegasus Real Estate Services Llc $155,000
Previous Owner Pegasus Real Estate Services L $44,000
Previous Owner Pegasus Real Estate Services L $22,128
Previous Owner Pegasus Real Estate Services Llc $28,000
Previous Owner Graham Terrell $35,000
Previous Owner Robinson Harold $60,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2017 06/10/17 Sold $18,000 -28.0% $180 / Sq Ft
10/21/2016 10/21/16 Pending -- -- --
10/10/2016 10/10/16 For Sale $25,000 -- $250 / 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 $303 $13,150 $2,500 $10,650
2024 $303 $8,925 $1,250 $7,675
2023 $544 $8,925 $1,250 $7,675
2022 $544 $8,925 $1,250 $7,675
2021 $550 $8,925 $1,250 $7,675
2020 $565 $7,800 $1,250 $6,550
2019 $565 $7,800 $1,250 $6,550
2018 $565 $7,800 $1,250 $6,550
2017 $321 $7,800 $1,250 $6,550
2016 $332 $7,600 $0 $0
2014 $332 $7,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Demetris Mays-Graham

    Seller's Agent in 2017

    Demetris Mays-Graham

    C21 Patterson & Assoc. Real Es

    (901) 406-0398

    42 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9988313

Memphis Area Association of REALTORS®

APN: 05-9090-0-0009

Tennessee Shelby County Memphis 38111 Orange Mound

1247 S Prescott St, Memphis, TN

This home is located at 1247 S Prescott St, Memphis, TN 38111 since 10 October 2016 and is currently estimated at $97,836, approximately $97 per square foot. This property was built in 1947. 1247 S Prescott St is a home located in Shelby County with nearby schools including Cherokee Elementary School, Sherwood Middle, and Melrose High School.

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