NOT LISTED FOR SALE

1563 Dearing Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $167,000 - $195,690

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$129/Sq Ft Est. Value

Last Sold February 11, 2019

Last sale price $87,000 $62 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $1,072/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Den
  • Outdoor Storage
  • Wood Flooring
  • Eat-In Kitchen
  • Central Heating and Cooling System

About This Home

As of February 2019

DO NOT DISTURB THE TENANT. Charming 3 bedroom 1 and 1/2 bath property with great cash flow. Professionally managed. Don't miss the opportunity to add this property to your investment portfolio. Showings to be scheduled following an accepted subject to inspection offer.

Last Agent to Sell the Property

Camela Henke

Enterprise, REALTORS License #307460 Listed on: 12/07/2018

Last Buyer's Agent

Adam Underwood

Crye-Leike, Inc., REALTORS License #345013

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,080

Year Built

  • Built in 1954

Lot Details

  • 8,712 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,353 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Combination Dining and Living Room
  • Den
  • Iron Doors
  • Eat-In Kitchen

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

  • Colonial Meadows A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066052 00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,080

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 759E
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 68
  • Number Of Stories: 1
  • Price Per Sq Ft: 64.3
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1353
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Carpet
  • Bedroom 3 Description: Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Den, LR/DR Combination, Eat-In Kitchen
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Hardwood Floor

Exterior Features

  • Misc Exterior: Storage Building
  • Exterior Windows: Brick Veneer, Aluminum/Steel Siding
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Iron Door(s)

Lot Info

  • Lot Description: Some Trees, Level, Wood Fenced
  • Lot Number: 192
  • Acreage: 0.2
  • Lot Size: 9108
  • Price Per Acre: 460000

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 066052 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2022
Sold by
3 Southern Homes Llc
Bought by
Quinones Crispin and Quinones Kris
Current Estimated Value
$180,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 7, 2018
Closed on
Feb 8, 2019
Sold by
Karcha Usa Llc
Bought by
Quinones Crispin and Quinones Kris
Seller's Agent
Camela Henke
Enterprise, REALTORS
Buyer's Agent
Adam Underwood
Crye-Leike, Inc., REALTORS
List Price
$92,000
Sold Price
$87,000
Premium/Discount to List
-$5,000
-5.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.49%
Original Mortgage
$62,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2011
Sold by
Memphis Investment Rental Properties Llc
Bought by
Karcha Usa Llc

Purchase Details

Closed on
Oct 19, 2010
Sold by
Powell Helen Powers
Bought by
Memphis Investment Rental Properties Llc

Purchase Details

Closed on
Aug 27, 2007
Sold by
Powers Christopher S
Bought by
Powell Helen Powers

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2005
Sold by
Hunter John W
Bought by
Powers Christopher S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2002
Sold by
Hunter John W
Bought by
Hunter John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,923
Interest Rate
5.99%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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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
Quinones Crispin -- None Listed On Document
Quinones Crispin $87,000 Closetrack Closing & Title S
Karcha Usa Llc $59,900 None Available
Memphis Investment Rental Properties Llc $44,900 None Available
Powell Helen Powers $115,000 None Available
Powers Christopher S $95,000 Realty Title
Hunter John W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Quinones Crispin $0
Previous Owner Quinones Crispin $62,000
Previous Owner Powell Helen Powers $109,250
Previous Owner Powers Christopher S $76,000
Previous Owner Hunter John W $66,923
Closed Powers Christopher S $19,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2019 02/11/19 Sold $87,000 -5.4% $73 / Sq Ft
12/08/2018 12/08/18 Pending -- -- --
12/07/2018 12/07/18 For Sale $92,000 -- $77 / 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 $1,080 $41,500 $8,750 $32,750
2024 $1,080 $31,850 $5,225 $26,625
2023 $1,940 $31,850 $5,225 $26,625
2022 $1,940 $31,850 $5,225 $26,625
2021 $1,963 $31,850 $5,225 $26,625
2020 $1,687 $23,275 $5,225 $18,050
2019 $744 $23,275 $5,225 $18,050
2018 $744 $23,275 $5,225 $18,050
2017 $761 $23,275 $5,225 $18,050
2016 $907 $20,750 $0 $0
2014 $907 $20,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Camela Henke

    Seller's Agent in 2019

    Camela Henke

    Enterprise, REALTORS

    (901) 626-2990

    4 in this area

    301 Total Sales

    Camela Henke
    Section Image
  • Adam Underwood

    Buyer's Agent in 2019

    Adam Underwood

    Crye-Leike, Inc., REALTORS

    (901) 413-8963

    11 in this area

    113 Total Sales

    Adam Underwood
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10042066

Memphis Area Association of REALTORS®

APN: 06-6052-0-0008

Tennessee Shelby County Memphis 38117 Colonial Acres

1563 Dearing Rd, Memphis, TN

This home is located at 1563 Dearing Rd, Memphis, TN 38117 since 07 December 2018 and is currently estimated at $180,673, approximately $129 per square foot. This property was built in 1954. 1563 Dearing Rd is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and Overton High.

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