NOT LISTED FOR SALE

1516 Netherwood Ave Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $108,000 - $153,334

3 Beds
1 Bath
2,079 Sq Ft
$64/Sq Ft Est. Value

Last Sold August 05, 2016

Last sale price $16,000 $8 Per Sq Ft

Est. 735% increase in value since last sale

Current estimated payment $790/month

Highlights

  • Wood Flooring
  • Some Wood Windows
  • Bungalow
  • Corner Lot
  • Eat-In Kitchen
  • Floor Furnace

About This Home

As of August 2016

This is a perfect opportunity to buy an duplex in great condition. You could buy one side and rent the other or you can buy and rent them both. House is in good condition and looking for a new owner. Corner lot house with great parking for either situation. Hardwood floors are in great shape! Don't let this opportunity pass you by. Motivated seller Bring all offers

Last Agent to Sell the Property

Ricky Cooper

Realty Capital Management, LLC License #327439 Listed on: 03/23/2016

Last Buyer's Agent

Ricky Cooper

Realty Capital Management, LLC License #327439 Listed on: 03/23/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $983

Year Built

  • Built in 1927

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 59.8x142.75
  • Corner Lot

Home Design

  • Duplex
  • Bungalow

Interior Spaces

  • 2,079 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Eat-In Kitchen

Flooring

  • Wood
  • Partially Carpeted

Parking

  • Carport
  • Driveway

Utilities

  • Floor Furnace
  • Gas Water Heater

Community Details

  • Southern Terr Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031008 00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$983

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Bungalow
  • Cross Street: Rayner St
  • MLS Map #: 748B
  • MAAR Subdivision Name: SOUTHERN TERRACE
  • List Price Per Sq Ft: 13
  • Number Of Stories: 1
  • Price Per Sq Ft: 7.7
  • Estimated Sq Ft: 2079
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Part Carpet

Exterior Features

  • Exterior Windows: Wood/Composition

Garage/Parking

  • Carport Garage: Carport
  • Parking Display: C0
  • Parking: Driveway/Pad

Utilities

  • Heating: Floor Furnace
  • Hot Water: Gas

Lot Info

  • Lot Description: Corner
  • Lot Number: 1
  • Acreage: 0.19
  • Lot Size: 59.8X142.75
  • Price Per Acre: 147368

Tax Info

  • Assessor Parcel Number: 031008 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2024
Sold by
Akira Llc
Bought by
901-20 Llc
Current Estimated Value
$133,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$110,206
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$23,378

Purchase Details

Closed on
Mar 31, 2021
Sold by
Beguerie Jerome and Beguerie Socorro Maribel
Bought by
Akira Llc

Purchase Details

Closed on
Nov 17, 2016
Sold by
Beguerie Jerome
Bought by
Beguerie Jerome and Socorro Maribel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,800
Interest Rate
3.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2016
Sold by
Mid South Homebuyers Inc
Bought by
Beguerie Jerome

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,800
Interest Rate
3.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 23, 2016
Closed on
Aug 11, 2016
Sold by
Williams Roosevelt
Bought by
Madison Ray
Seller's Agent
Ricky Cooper
Realty Capital Management, LLC
Buyer's Agent
Ricky Cooper
Realty Capital Management, LLC
List Price
$29,900
Sold Price
$16,000
Premium/Discount to List
-$13,900
-46.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.98%

Purchase Details

Listed on
Mar 23, 2016
Closed on
Aug 5, 2016
Sold by
Madison Ray
Bought by
Mid South Homebuyers Inc
Seller's Agent
Ricky Cooper
Realty Capital Management, LLC
Buyer's Agent
Ricky Cooper
Realty Capital Management, LLC
List Price
$29,900
Sold Price
$16,000
Premium/Discount to List
-$13,900
-46.49%
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
901-20 Llc $147,000 None Listed On Document
Akira Llc -- Accommodation
Beguerie Jerome -- Saddle Creek Title Llc
Beguerie Jerome $103,000 Saddle Creek Title Llc
Madison Ray -- None Available
Mid South Homebuyers Inc $16,000 Saddle Creek Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 901-20 Llc $140,000
Previous Owner Beguerie Jerome $61,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2016 08/05/16 Sold $16,000 -46.5% $8 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $29,900 -- $14 / 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 $983 $58,400 $11,960 $46,440
2024 $983 $29,000 $2,720 $26,280
2023 $1,767 $29,000 $2,720 $26,280
2022 $1,767 $29,000 $2,720 $26,280
2021 $1,787 $29,000 $2,720 $26,280
2020 $1,539 $21,240 $2,720 $18,520
2019 $679 $21,240 $2,720 $18,520
2018 $679 $21,240 $2,720 $18,520
2017 $695 $21,240 $2,720 $18,520
2016 $663 $15,175 $0 $0
2014 $663 $15,175 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ricky Cooper

    Seller's Agent in 2016

    Ricky Cooper

    Realty Capital Management, LLC

    (901) 292-5303

    1 in this area

    61 Total Sales

    Ricky Cooper
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9973388

Memphis Area Association of REALTORS®

APN: 03-1008-0-0015

Tennessee Shelby County Memphis 38106 Southeast Memphis

1516 Netherwood Ave, Memphis, TN

This home is located at 1516 Netherwood Ave, Memphis, TN 38106 since 23 March 2016 and is currently estimated at $133,584, approximately $64 per square foot. This property was built in 1927. 1516 Netherwood Ave is a home located in Shelby County with nearby schools including Rozelle Elementary School, Hamilton High School, and Memphis Delta Preparatory Charter School.

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