1507 Sparks Cove Memphis, TN 38106
Southeast Memphis Neighborhood
4
Beds
1.5
Baths
1,000-1,199
Sq Ft
6,534
Sq Ft Lot
Highlights
- Traditional Architecture
- Separate Formal Living Room
- Central Heating and Cooling System
- Wood Flooring
- Storage Room
- Level Lot
About This Home
As of November 2024Investors ideal property! Incoming producing property that is turnkey. Purchase this property with confidence. What do us investors want? A gold bar that allows good monthly return and in good condition. Home sits in a community that is a mix of long term homeowners and rental properties. Home sits in well-cared for community. Sits in a cove that is manicured with homes filled with flowers, updated, and painted homes. Professional management is already in place. Property is a healthy property that has completed a full scope work that was recommended by the management company. Scope of work included items such as fresh paint, new light fixtures, fence repair, new window locks, new flooring in kitchen and bathrooms. HVAC and plumbing have been inspected. It is a 4 bedroom home with a carport, handicap ramp, and a separate laundry room. Tenant is in place until 2025. The tenant pays double the amount of the average lease in the area.
Last Agent to Sell the Property
Crye-Leike, Inc., REALTORS License #313089 Listed on: 11/15/2024
Last Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $347
Year Built
- Built in 1958
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 58x114
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
Interior Spaces
- 1,000-1,199 Sq Ft Home
- 1,171 Sq Ft Home
- 1-Story Property
- Aluminum Window Frames
- Separate Formal Living Room
- Storage Room
- Wood Flooring
- Iron Doors
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
Parking
- 1 Parking Space
- Carport
- Driveway
Additional Features
- Ground Level
- Central Heating and Cooling System
Community Details
- Baileys C L Cane Ave Subdivision
Listing and Financial Details
- Assessor Parcel Number 060055 00042
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 15, 2024
Closed on
Nov 22, 2024
Sold by
Sparks Properties Llc and Synergetic Property Solutions
Bought by
Sparks 1507 Tn Llc
Seller's Agent
Tara Bradley
Crye-Leike, Inc., REALTORS
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$105,000
Sold Price
$100,000
Premium/Discount to List
-$5,000
-4.76%
Total Days on Market
3
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$427
Avg. Annual Appreciation
-0.82%
Purchase Details
Closed on
Jan 10, 2023
Sold by
Walden Alton D and Walden Dana P
Bought by
Sparks Properties Llc
Purchase Details
Listed on
Apr 2, 2019
Closed on
May 3, 2019
Sold by
Pineapple Cake Properties Llc
Bought by
Walden Alton D and Walden Dana P
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Penny Rash
Assured Real Estate Services
List Price
$29,900
Sold Price
$28,000
Premium/Discount to List
-$1,900
-6.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.20%
Purchase Details
Closed on
Sep 9, 2015
Sold by
Wells Fargo Bank Na
Bought by
Pineapple Cake Properties Llc
Purchase Details
Closed on
Jun 8, 2015
Sold by
Thornton Ida M
Bought by
Wells Fargo Bank Na
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | Excel Title & Escrow | |
| Warranty Deed | $100,000 | Excel Title & Escrow | |
| Quit Claim Deed | -- | Edco Title & Closing Services | |
| Warranty Deed | $28,000 | Close Trak Closing & Ttl Svc | |
| Special Warranty Deed | $13,320 | Attorney | |
| Trustee Deed | $13,320 | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2024 11/22/24 | Sold | $100,000 | -4.8% | $100 / Sq Ft |
| 11/15/2024 11/15/24 | For Sale | $105,000 | +275.0% | $105 / Sq Ft |
| 05/03/2019 05/03/19 | Sold | $28,000 | -6.4% | $28 / Sq Ft |
| 04/02/2019 04/02/19 | For Sale | $29,900 | -- | $30 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $347 | $24,950 | $1,625 | $23,325 |
| 2024 | -- | $10,250 | $675 | $9,575 |
| 2023 | $624 | $10,250 | $675 | $9,575 |
| 2022 | $624 | $10,250 | $675 | $9,575 |
| 2021 | $632 | $10,250 | $675 | $9,575 |
| 2020 | $529 | $7,300 | $675 | $6,625 |
| 2019 | $233 | $7,300 | $675 | $6,625 |
| 2018 | $233 | $7,300 | $675 | $6,625 |
| 2017 | $239 | $7,300 | $675 | $6,625 |
| 2016 | $341 | $7,800 | $0 | $0 |
| 2014 | $341 | $7,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tara Bradley
Seller's Agent in 2024
Tara Bradley
Crye-Leike
(901) 652-2281
3 in this area
64 Total Sales
-
N
Buyer's Agent in 2024
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
-
Dean Harris
Seller's Agent in 2019
Dean Harris
CrestCore Realty MphsBrokerage
(901) 619-6170
10 in this area
1,417 Total Sales
-
Buyer's Agent in 2019
Penny Rash
Assured Real Estate Services
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10185336
APN: 06-0055-0-0042
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