NOT LISTED FOR SALE

1385 Kimball Cove Memphis, TN 38114

Orange Mound Neighborhood

Estimated Value: $129,000 - $184,809

2 Beds
1 Bath
1,618 Sq Ft
$94/Sq Ft Est. Value

Last Sold April 26, 2019

Last sale price $44,000 $27 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $891/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • 1-Story Property
  • Wood Flooring
  • Dining Area

About This Home

As of April 2019

Investment Opportunity! 3 Duplexes in the same cove and sold as a package! Wholesale pricing prior to rehab…this is where you make money! All units are 2 BR/ 1 BA, hardwood floors, den, dining area, and kitchen. 6 total units and each unit will rent $500 to $600 per month. Buildings being sold “As Is” but we provide full turn-key management. We can manage the rehab, lease the units, and manage monthly. $38,000 per building with avg repairs of 15k to 20k per building (not unit) needed in repairs.

Last Agent to Sell the Property

Heath Gooch

STIXNBRIX License #273330 Listed on: 03/21/2019

Last Buyer's Agent

Randall Garrett

Franchise Realty, LLC License #309803

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $594

Year Built

  • Built in 1952

Lot Details

  • 9,583

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,618 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Dining Area
  • Attic Access Panel
  • Fire and Smoke Detector

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Cove
  • 9,583 Sq Ft Lot

Community Details

  • Poppenheimers Kimball Ave Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, trash collection, lawn maintenance
  • Assessor Parcel Number 059017 00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$594

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Kimball Ave
  • Second Address Number: 1387
  • MLS Map #: 757F
  • MAAR Subdivision Name: CHEROKEE
  • Freestanding: Yes
  • List Price Per Sq Ft: 23
  • Number Of Stories: 1
  • Price Per Sq Ft: 27.19
  • Estimated Sq Ft: 1618
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile
  • Appliances Equipment: Smoke Detector(s)
  • Estimated Entire Duplex Sq Ft: 1600-1799
  • Miscellaneous Interior: Attic Access, Cable Wired, Cable Available

Exterior Features

  • Exterior Windows: Brick Veneer, Wood Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Heating: Gas
  • Hot Water: Gas

Lot Info

  • Lot Description: Cove
  • Lot Number: 10
  • Acreage: 0.22
  • Lot Size: .22 (53x132)
  • Price Per Acre: 172727

Rental Info

  • Tenants Pay: All Utilities, Trash Collection, Lawn Maintenance
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 059017 00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2021
Sold by
Qts Consulting Inc
Bought by
Boylston Apartments Limited Partnership
Current Estimated Value
$153,637

Purchase Details

Closed on
Sep 3, 2021
Sold by
Gp Ocg Acouisitions
Bought by
Ots Consulting Inc

Purchase Details

Closed on
Aug 16, 2019
Sold by
Codes Zip
Bought by
Ocg Acquisitions Gp

Purchase Details

Listed on
Mar 21, 2019
Closed on
Apr 24, 2019
Sold by
Titan Properties Llc
Bought by
S And L Real Estate Investments Llc
Seller's Agent
Heath Gooch
STIXNBRIX
Buyer's Agent
Randall Garrett
Franchise Realty, LLC
List Price
$38,000
Sold Price
$44,000
Premium/Discount to List
$6,000
15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.72%
Original Mortgage
$60,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2008
Sold by
Peterson Investments Llc
Bought by
Peterson Daniel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2008
Sold by
Peterson Daniel A
Bought by
Peterson Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2008
Sold by
H & J Properties Llc
Bought by
Peterson Daniel A and Peterson Barbara G

Purchase Details

Closed on
Feb 8, 2008
Sold by
Property Asset Management Inc
Bought by
Dooley Philip

Purchase Details

Closed on
Nov 16, 2007
Sold by
Poole Bridget E
Bought by
Property Asset Management Inc

Purchase Details

Closed on
Feb 25, 2005
Sold by
The Michelle L Young Trust
Bought by
Poole Bridget

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,085
Interest Rate
7.95%
Mortgage Type
Purchase Money Mortgage
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
Boylston Apartments Limited Partnership $163,000 None Listed On Document
Ots Consulting Inc -- None Available
Ocg Acquisitions Gp $537,250 None Available
S And L Real Estate Investments Llc $132,000 Commercial Title Group Llc
Peterson Daniel A -- None Available
Peterson Investments Llc -- None Available
Peterson Daniel A -- None Available
Peterson Daniel A $33,300 None Available
H & J Properties Llc $22,000 None Available
Dooley Philip $19,000 Edco Title & Closing Service
Property Asset Management Inc $47,430 None Available
Poole Bridget $55,650 Accurate Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner S And L Real Estate Investments Llc $60,000
Previous Owner Peterson Daniel A $48,000
Previous Owner Poole Bridget $50,085
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2019 04/26/19 Sold $44,000 +15.8% $27 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $38,000 -- $23 / 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 $594 $65,280 $3,920 $61,360
2024 $594 $17,520 $1,600 $15,920
2023 $1,067 $17,520 $1,600 $15,920
2022 $1,067 $17,520 $1,600 $15,920
2021 $475 $17,520 $1,600 $15,920
2020 $1,530 $21,120 $1,600 $19,520
2019 $675 $21,120 $1,600 $19,520
2018 $675 $21,120 $1,600 $19,520
2017 $691 $21,120 $1,600 $19,520
2016 $914 $20,920 $0 $0
2014 $914 $20,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heath Gooch

    Seller's Agent in 2019

    Heath Gooch

    STIXNBRIX

    (901) 745-7500

    44 Total Sales

    Section Image

  • R

    Buyer's Agent in 2019

    Randall Garrett

    Franchise Realty, LLC

    (901) 502-7548

    2 in this area

    27 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048405

Memphis Area Association of REALTORS®

APN: 05-9017-0-0006

Tennessee Shelby County Memphis 38114 Orange Mound

1385 Kimball Cove, Memphis, TN

This home is located at 1385 Kimball Cove, Memphis, TN 38114 since 21 March 2019 and is currently estimated at $151,452, approximately $93 per square foot. This property was built in 1952. 1385 Kimball Cove is a home located in Shelby County with nearby schools including Cherokee Elementary School, Sherwood Middle, and Melrose High School.

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