NOT LISTED FOR SALE

1361 Bankston Cove Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $84,000 - $111,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$65/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $55,000 $39 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $538/month

106 Days on Market

Highlights

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

About This Home

As of February 2021

amazingly large 3/1 in Memphis with covered parking and a large den and big backyard. Nicely redone bathroom and neutrally painted throughout. available soon, move -in ready Prefer to sell "as-is" and cash offers. Garage in back will be sold "as-is"

Last Agent to Sell the Property

Ricky Cooper

Realty Capital Management, LLC License #327439 Listed on: 09/21/2020

Last Buyer's Agent

Charlene Bailey

Exit Realty Blues City License #264672

Exit Realty Blues City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $559

Year Built

  • Built in 1955

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 79x230

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,292 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Carport
  • Driveway

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Ridgecrest Fourth Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070003 00020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$559

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 726B
  • MAAR Subdivision Name: RIDGECREST 4TH ADD
  • List Price Per Sq Ft: 45
  • Number Of Stories: 1
  • Price Per Sq Ft: 42.57
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1292
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Number: 52
  • Acreage: 0.44
  • Lot Size: 79X230
  • Price Per Acre: 130682

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 070003 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2020
Closed on
Feb 1, 2021
Sold by
P & V Investments Llc
Bought by
Bailey Mario Cartrel
Seller's Agent
Ricky Cooper
Realty Capital Management, LLC
Buyer's Agent
Charlene Bailey
Exit Realty Blues City
List Price
$55,500
Sold Price
$55,000
Premium/Discount to List
-$500
-0.9%
Current Estimated Value
$90,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,833
Avg. Annual Appreciation
11.55%
Original Mortgage
$44,000
Outstanding Balance
$39,466
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$51,367

Purchase Details

Closed on
Aug 12, 2011
Sold by
Memphis Investment Rental Properties Llc
Bought by
P & V Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,450
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2011
Sold by
Jennings Craig
Bought by
Memphis Investment Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 7, 2011
Sold by
Khleif Rod and Khleif Meilin
Bought by
Jennings Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 2, 2002
Sold by
Rod Khleif Lp
Bought by
1361 Bankston Cove Land Trust Memphis Es

Purchase Details

Closed on
Dec 31, 1996
Sold by
Khleif Rod and Khleif Meilin
Bought by
Rod Khleif Lp

Purchase Details

Closed on
Nov 29, 1994
Bought by
Rod Khleif
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
Bailey Mario Cartrel $55,000 Home Surety T&E Llc
P & V Investment Llc $44,900 None Available
Memphis Investment Rental Properties Llc -- None Available
Jennings Craig $17,100 None Available
1361 Bankston Cove Land Trust Memphis Es -- --
Rod Khleif Lp -- --
Rod Khleif $39,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Mario Cartrel $44,000
Previous Owner P & V Investment Llc $22,450
Previous Owner Memphis Investment Rental Properties Llc $30,000
Previous Owner Jennings Craig $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $55,000 -4.3% $46 / Sq Ft
01/05/2021 01/05/21 Pending -- -- --
10/28/2020 10/28/20 Price Changed $57,500 +3.6% $48 / Sq Ft
09/21/2020 09/21/20 For Sale $55,500 -- $46 / 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 $559 $24,000 $2,000 $22,000
2024 $559 $16,500 $1,725 $14,775
2023 $1,005 $16,500 $1,725 $14,775
2022 $1,005 $16,500 $1,725 $14,775
2021 $1,195 $16,500 $1,725 $14,775
2020 $886 $12,225 $1,725 $10,500
2019 $391 $12,225 $1,725 $10,500
2018 $391 $12,225 $1,725 $10,500
2017 $400 $12,225 $1,725 $10,500
2016 $510 $11,675 $0 $0
2014 $510 $11,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ricky Cooper

    Seller's Agent in 2021

    Ricky Cooper

    Realty Capital Management, LLC

    (901) 292-5303

    6 in this area

    60 Total Sales

    Ricky Cooper
    Section Image

  • C

    Buyer's Agent in 2021

    Charlene Bailey

    Exit Realty Blues City

    (901) 359-6136

    2 in this area

    71 Total Sales

    Charlene Bailey
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10085367

Memphis Area Association of REALTORS®

APN: 07-0003-0-0020

Tennessee Shelby County Memphis 38127 Frayser

1361 Bankston Cove, Memphis, TN

This home is located at 1361 Bankston Cove, Memphis, TN 38127 since 21 September 2020 and is currently estimated at $90,833, approximately $64 per square foot. This property was built in 1955. 1361 Bankston Cove is a home located in Shelby County with nearby schools including Martin Luther King Preparatory High School, Pathways In Education - Tn, and Our Lady of Sorrows Elementary School.

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