NOT LISTED FOR SALE

1387 Preston St Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $51,729 - $92,000

4 Beds
1.5 Baths
1,400 Sq Ft
$46/Sq Ft Est. Value

Last Sold April 17, 2015

Last sale price $4,800 $3 Per Sq Ft

Est. 1,248% increase in value since last sale

Current estimated payment $362/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • 1-Story Property
  • 1 Fireplace
  • Porch

About This Home

As of April 2015

Welcome investors. 4BR/1.5BA home with carport. Sold AS IS.

Last Agent to Sell the Property

Shorty Watkins

River Oaks, Inc. Listed on: 03/10/2015

Last Buyer's Agent

Michelle Hayes Thomas

Hayes Homes and Realty, Inc License #265701

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $279

Year Built

  • Built in 1949

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x106.86
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Separate Formal Living Room

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Outdoor Features

  • Porch

Community Details

  • Palmer Bros R R Men S Subdivision

Listing and Financial Details

  • Assessor Parcel Number 013061 00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$279

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PALMER BROTHERS
  • List Price Per Sq Ft: 4
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1400
  • Year Built: 1949
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Number Of Fireplaces: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 14
  • Acreage: 0.12
  • Lot Size: 50X106.86

Tax Info

  • Assessor Parcel Number: 013061 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2015
Closed on
Apr 9, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Mccray Isiah
Seller's Agent
Shorty Watkins
River Oaks, Inc.
Buyer's Agent
Michelle Hayes Thomas
Hayes Homes and Realty, Inc
List Price
$4,900
Sold Price
$4,800
Premium/Discount to List
-$100
-2.04%
Current Estimated Value
$64,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,882
Avg. Annual Appreciation
27.99%

Purchase Details

Closed on
Mar 30, 2007
Sold by
Diggs Catherine and Diggs Charlie
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2006
Sold by
Tynes Donald
Bought by
Hud

Purchase Details

Closed on
Jan 10, 2003
Sold by
City Of Memphis
Bought by
Tynes Donald

Purchase Details

Closed on
Jul 9, 2001
Sold by
Taylor Willie Mae and Newson Mary Mae
Bought by
Tynes Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,631
Interest Rate
7.09%
Mortgage Type
FHA
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
Mccray Isiah $4,800 Multiple
Federal Home Loan Mortgage Corporation $4,997 None Available
Diggs Catherine $64,000 None Available
Hud $51,732 None Available
Tynes Donald -- --
Tynes Donald $47,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diggs Catherine $64,000
Previous Owner Tynes Donald $46,631
Closed Tynes Donald $3,447
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2015 04/17/15 Sold $4,800 -2.0% $3 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $4,900 -- $4 / 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 $279 $10,975 $1,050 $9,925
2024 $279 $8,225 $750 $7,475
2023 $501 $8,225 $750 $7,475
2022 $501 $8,225 $750 $7,475
2021 $507 $8,225 $750 $7,475
2020 $170 $2,350 $750 $1,600
2019 $170 $2,350 $750 $1,600
2018 $170 $2,350 $750 $1,600
2017 $97 $2,350 $750 $1,600
2016 $450 $10,300 $0 $0
2014 $450 $10,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Shorty Watkins

    River Oaks, Inc.

  • Michelle Hayes Thomas

    Buyer's Agent in 2015

    Michelle Hayes Thomas

    Hayes Homes and Realty, Inc

    (901) 650-0486

    4 in this area

    237 Total Sales

    Michelle Hayes Thomas
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9946754

Memphis Area Association of REALTORS®

APN: 01-3061-0-0009

Tennessee Shelby County Memphis 38106 South Memphis

1387 Preston St, Memphis, TN

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