NOT LISTED FOR SALE

1603 Raymore Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $182,000 - $211,889

4 Beds
2 Baths
1,600-1,799 Sq Ft
$109/Sq Ft Est. Value

Last Sold March 08, 2021

Last sale price $140,000 $78 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,144/month

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Central Heating and Cooling System
  • Wood Flooring
  • 3 Car Detached Garage
  • 4-minute walk to Willow Road Park

About This Home

As of March 2021

Selling As-is A ll Cash.Condition is not bad! Just need cleaning out from accumulation of items over the years of living there. Central air 1 year old, roof 2 years old. Makes a great investment for re-sale or rental. Want last long at all!

Last Agent to Sell the Property

Shirley Thornton

The Peyton Co., Inc., REALTORS License #208111 Listed on: 01/30/2021

Last Buyer's Agent

Shirley Thornton

The Peyton Co., Inc., REALTORS License #208111 Listed on: 01/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,253

Year Built

  • Built in 1955

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x133
  • Level Lot

Home Design

  • Traditional Architecture
  • Property Attached
  • Vinyl Siding

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,647 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Aluminum Window Frames
  • Combination Dining and Living Room
  • Iron Doors

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Car Detached Garage
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Colonial Village C Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066069 00005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,253

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 759E
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 79
  • Number Of Stories: 1
  • Price Per Sq Ft: 85
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1647
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wall to Wall Carpet, Part Hardwood
  • Full Bathrooms: 2
  • Living Dining Kitchen: LR/DR Combination
  • Master Bedroom Dimensions: 15x17
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer, Vinyl Siding, Aluminum Window(s)

Garage/Parking

  • Attached Detached Parking: Detached
  • Number Covered Parking Spaces: 3
  • Parking Display: 3D
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 270
  • Acreage: 0.18
  • Lot Size: 60X133
  • Price Per Acre: 722222

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 066069 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2021
Closed on
Feb 25, 2021
Sold by
Wilcox Mary Ann
Bought by
Red Tulip Investments Llc
Seller's Agent
Shirley Thornton
The Peyton Co., Inc., REALTORS
Buyer's Agent
Shirley Thornton
The Peyton Co., Inc., REALTORS
List Price
$130,000
Sold Price
$140,000
Premium/Discount to List
$10,000
7.69%
Current Estimated Value
$196,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,722
Avg. Annual Appreciation
7.64%
Original Mortgage
$105,000
Outstanding Balance
$94,125
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$102,597
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
Red Tulip Investments Llc $140,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Red Tulip Investments Llc $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2021 03/08/21 Sold $140,000 +7.7% $88 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/30/2021 01/30/21 For Sale $130,000 -- $81 / 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 $1,253 $50,875 $8,750 $42,125
2024 $1,253 $36,975 $5,225 $31,750
2023 $2,252 $36,975 $5,225 $31,750
2022 $2,252 $36,975 $5,225 $31,750
2021 $891 $36,975 $5,225 $31,750
2020 $2,089 $28,825 $5,225 $23,600
2019 $891 $28,825 $5,225 $23,600
2018 $891 $28,825 $5,225 $23,600
2017 $891 $28,825 $5,225 $23,600
2016 $1,145 $26,200 $0 $0
2014 $1,145 $26,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Shirley Thornton

    The Peyton Co., Inc., REALTORS

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10092752

Memphis Area Association of REALTORS®

APN: 06-6069-0-0005

Tennessee Shelby County Memphis 38117 Colonial Acres

1603 Raymore Rd, Memphis, TN

This home is located at 1603 Raymore Rd, Memphis, TN 38117 since 30 January 2021 and is currently estimated at $196,722, approximately $109 per square foot. This property was built in 1955. 1603 Raymore 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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