NOT LISTED FOR SALE

1540 Netherwood Ave Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $85,000 - $139,000

3 Beds
1 Bath
1,400-1,599 Sq Ft
$69/Sq Ft Est. Value

Last Sold May 13, 2019

Last sale price $65,000 $41 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $632/month

Highlights

  • The property is located in a historic district
  • Porch
  • Central Heating and Cooling System
  • Wood Flooring
  • Bungalow
  • Dining Room

About This Home

As of May 2019

Great investment property- very well maintained! To be sold "AS-IS". New condenser installed 2018. Just minutes from Cooper Young! Currently leased until July. Please do not disturb tenants. Showing only with accepted offer.

Last Agent to Sell the Property

Nailet Carpio

SimpliHOM Brentwood License #345409 Listed on: 03/15/2019

Last Buyer's Agent

Rasheedah Jones

Dreamteam Realty Co License #299503

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $612

Year Built

  • Built in 1926

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x142.75
  • Few Trees

Parking

  • Driveway

Home Design

  • Bungalow

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,569 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Porch
  • The property is located in a historic district
  • Central Heating and Cooling System

Community Details

  • Southen Terr Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031008 00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$612

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Bungalow
  • Detached Unit Type: General Residential
  • MLS Map #: 748B
  • MAAR Subdivision Name: SOUTHERN TERRACE
  • List Price Per Sq Ft: 41
  • Number Of Stories: 1
  • Price Per Sq Ft: 41.43
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1569
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Hardwood Floor
  • Bedroom 3 Description: Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: In Living Room
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, Historic District
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 6
  • Acreage: 0.16
  • Lot Size: 50X142.75
  • Price Per Acre: 406250

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 031008 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2019
Closed on
May 31, 2019
Sold by
Carpio Jose
Bought by
Greer Tameka
Seller's Agent
Nailet Carpio
SimpliHOM Brentwood
Buyer's Agent
Rasheedah Jones
Dreamteam Realty Co
List Price
$65,000
Sold Price
$65,000
Current Estimated Value
$109,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,720
Avg. Annual Appreciation
8.50%
Original Mortgage
$63,822
Outstanding Balance
$56,417
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$53,303

Purchase Details

Listed on
Feb 1, 2017
Closed on
Apr 19, 2017
Sold by
Fischer Mark J
Bought by
Carpio Jose
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Bernard Evans
4 Success Realty, LLC
List Price
$34,900
Sold Price
$35,500
Premium/Discount to List
$600
1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.13%

Purchase Details

Closed on
Aug 19, 2011
Sold by
River City Investment Properties Inc
Bought by
Fischer Mark James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2010
Sold by
First South Credit Union
Bought by
River City Investment Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 23, 2009
Sold by
Bowen Johnny
Bought by
First South Credit Union

Purchase Details

Closed on
Apr 25, 2005
Sold by
Deutsche Bank National Trust Co
Bought by
Bowen Johnny

Purchase Details

Closed on
Sep 23, 2004
Sold by
Brown Allen
Bought by
Deutsche Bank National Trust Co and Argent Securities Inc

Purchase Details

Closed on
Jan 23, 2004
Sold by
Beruk Properties Inc
Bought by
Brown Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2003
Sold by
Malvezzi Frank
Bought by
Beruk Properties

Purchase Details

Closed on
Jan 17, 2003
Sold by
Burks Rose E
Bought by
Deutsche Bank National Trust Co and Bankers Trust Co Of California Na

Purchase Details

Closed on
Aug 10, 1994
Bought by
Burke Rose E
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
Greer Tameka $65,000 Preferred Title & Escrow Llc
Carpio Jose $35,500 Regency Title & Escrow Llc
Fischer Mark James $51,200 None Available
River City Investment Properties Inc $45,000 None Available
First South Credit Union $45,000 None Available
Bowen Johnny $31,500 Stewart Title Of Memphis Inc
Deutsche Bank National Trust Co $57,000 --
Brown Allen $75,000 Chicago Title Insurance Co
Beruk Properties $21,000 --
Malvezzi Frank $17,500 Edco Title & Closing Service
Deutsche Bank National Trust Co $45,900 --
Burke Rose E $31,337 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greer Tameka $63,822
Previous Owner Fischer Mark James $38,400
Previous Owner River City Investment Properties Inc $32,000
Previous Owner Brown Allen $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2019 05/13/19 Sold $65,000 0.0% $46 / Sq Ft
03/15/2019 03/15/19 For Sale $65,000 +83.1% $46 / Sq Ft
04/20/2017 04/20/17 Sold $35,500 +1.7% $23 / Sq Ft View Prior Sale
04/06/2017 04/06/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $34,900 -- $22 / 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 $612 $27,775 $6,950 $20,825
2024 $612 $18,050 $1,425 $16,625
2023 $1,100 $18,050 $1,425 $16,625
2022 $1,100 $18,050 $1,425 $16,625
2021 $623 $18,050 $1,425 $16,625
2020 $993 $13,700 $1,425 $12,275
2019 $438 $13,700 $1,425 $12,275
2018 $438 $13,700 $1,425 $12,275
2017 $448 $13,700 $1,425 $12,275
2016 $568 $13,000 $0 $0
2014 $568 $13,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Nailet Carpio

    SimpliHOM Brentwood

    Section Image
  • Rasheedah Jones

    Buyer's Agent in 2019

    Rasheedah Jones

    Dreamteam Realty Co

    (901) 335-5098

    3 in this area

    45 Total Sales

    Rasheedah Jones
    Section Image
  • Tyler Tapley

    Seller's Agent in 2017

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    46 in this area

    1,207 Total Sales

    Tyler Tapley
    Section Image
  • Jeremy Moore

    Seller Co-Listing Agent in 2017

    Jeremy Moore

    C21 Patterson & Assoc. Real Es

    (901) 644-9832

    24 Total Sales

    Jeremy Moore
    Section Image
  • Bernard Evans

    Buyer's Agent in 2017

    Bernard Evans

    4 Success Realty, LLC

    (901) 316-7944

    17 Total Sales

    Bernard Evans
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048096

Memphis Area Association of REALTORS®

APN: 03-1008-0-0010

Tennessee Shelby County Memphis 38106 Southeast Memphis

1540 Netherwood Ave, Memphis, TN

This home is located at 1540 Netherwood Ave, Memphis, TN 38106 since 15 March 2019 and is currently estimated at $109,720, approximately $68 per square foot. This property was built in 1926. 1540 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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