NOT LISTED FOR SALE

1384 Melrose Cove Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $105,000 - $126,576

3 Beds
3 Baths
2,000-2,199 Sq Ft
$51/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $103,400 $47 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $667/month

148 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Separate Formal Living Room
  • Porch
  • Wood Flooring
  • Den
  • 2 Car Attached Garage

About This Home

As of June 2024

Beautiful home in great cove. New roof in 2023, and new water heater. Interior of home in great shape. Please use offer information sheet attached to this listing when making an offer. Property is currently leased and occupied. NO WHOLESALERS! No sign on property. TENANT RIGHTS. No entry w/o an accepted offer. DO NOT DISTURB TENANTS. Text or call listing agent for more information. Currently rented for $1000 a month.

Last Agent to Sell the Property

Brook Loper

901 Properties License #322379 Listed on: 12/06/2023

Last Buyer's Agent

James Wachob

Foundation Property Management License #294924

Foundation Property Management

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $576

Year Built

  • Built in 1951

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 56x155
  • Wrought Iron Fence
  • Level Lot
  • Few Trees

Home Design

  • Composition Shingle Roof

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,117 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Storage Room
  • Iron Doors

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Carport
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Parkway Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 026053 00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$576

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Ranch
  • Detached Unit Type: General Residential
  • MLS Map #: 748A
  • MAAR Subdivision Name: PARKWAY GARDENS
  • Number Of Stories: 1
  • Price Per Sq Ft: 48.84
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2117
  • Year Built: 1951
  • List Price/ Sq Ft: 54
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 3
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Eat-In Kitchen, Breakfast Bar
  • Number Of Fireplaces: 1
  • Total Bathrooms: 3
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Fireplace

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch
  • Exterior Windows: Brick Veneer, Stone
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Iron Fenced
  • Lot Number: 14
  • Acreage: 0.17
  • Lot Size: 56X155
  • Price Per Acre: 675882

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 026053 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Jun 4, 2024
Sold by
Open Door Memphis Llc
Bought by
Burns Walden Robert and Mae Walden Trisha
Seller's Agent
Brook Loper
901 Properties
Buyer's Agent
James Wachob
Foundation Property Management
List Price
$124,000
Sold Price
$103,400
Premium/Discount to List
-$20,600
-16.61%
Views
90
Current Estimated Value
$112,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,744
Avg. Annual Appreciation
7.02%
Original Mortgage
$72,380
Outstanding Balance
$71,736
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$40,125

Purchase Details

Listed on
Jun 24, 2015
Closed on
Mar 1, 2017
Sold by
Chambers Richard K
Bought by
Open Door Memphis Llc
Seller's Agent
Mary W. Sharp
Crye-Leike of MS, Inc.
Buyer's Agent
Brook Loper
901 Properties
List Price
$92,500
Sold Price
$77,500
Premium/Discount to List
-$15,000
-16.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$64,000
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 28, 2002
Sold by
Hammond Lillian F
Bought by
Chambers Richard K
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
Burns Walden Robert $103,400 None Listed On Document
Open Door Memphis Llc $77,500 None Available
Chambers Richard K $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Walden Robert $72,380
Previous Owner Open Door Memphis Llc $64,000
Previous Owner Open Door Memphis Llc $64,000
Previous Owner Hammond Lillian F $80,000
Previous Owner Hammond Lillian F $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $103,400 -10.0% $52 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
04/03/2024 04/03/24 Price Changed $114,900 -4.2% $57 / Sq Ft
02/20/2024 02/20/24 Price Changed $119,900 -3.3% $60 / Sq Ft
12/06/2023 12/06/23 For Sale $124,000 +60.0% $62 / Sq Ft
02/28/2017 02/28/17 Sold $77,500 -16.2% $39 / Sq Ft
12/19/2016 12/19/16 Pending -- -- --
06/24/2015 06/24/15 For Sale $92,500 -- $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 $576 $26,250 $1,875 $24,375
2024 $576 $17,000 $1,075 $15,925
2023 $1,036 $17,000 $1,075 $15,925
2022 $1,036 $17,000 $1,075 $15,925
2021 $1,048 $17,000 $1,075 $15,925
2020 $1,250 $17,250 $1,075 $16,175
2019 $1,250 $17,250 $1,075 $16,175
2018 $1,250 $17,250 $1,075 $16,175
2017 $709 $17,250 $1,075 $16,175
2016 $786 $17,975 $0 $0
2014 $786 $17,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brook Loper

    Seller's Agent in 2024

    Brook Loper

    901 Properties

    (901) 490-4770

    1 in this area

    135 Total Sales

    Section Image
  • James Wachob

    Buyer's Agent in 2024

    James Wachob

    Foundation Property Management

    (901) 633-1484

    18 in this area

    611 Total Sales

    Section Image

  • M

    Seller's Agent in 2017

    Mary W. Sharp

    Crye-Leike

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10162175

Memphis Area Association of REALTORS®

APN: 02-6053-0-0013

Tennessee Shelby County Memphis 38106 Southeast Memphis

1384 Melrose Cove, Memphis, TN

This home is located at 1384 Melrose Cove, Memphis, TN 38106 since 06 December 2023 and is currently estimated at $112,144, approximately $50 per square foot. This property was built in 1951. 1384 Melrose Cove is a home located in Shelby County with nearby schools including Hamilton High School, Memphis Delta Preparatory Charter School, and Soulsville Charter School.

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