NOT LISTED FOR SALE

1603 Waverly Ave Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $118,488 - $145,000

5 Beds
2 Baths
1,600-1,799 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 24, 2022

Last sale price $122,500 $68 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $777/month

113 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Porch
  • Main Floor Primary Bedroom
  • Some Wood Windows
  • Eat-In Kitchen

About This Home

As of October 2022

Great Investment Property. Vacant and ready for a new owner or tenant to move in. Over 1700 sq. ft. of Living Space with a spacious Kitchen just waiting on a new owner!

Last Agent to Sell the Property

Sheila Brackens

901, REALTORS License #337822 Listed on: 05/17/2022

901, REALTORS

Last Buyer's Agent

Dana Whitworth

Crye-Leike, Inc., REALTORS License #332777

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $595

Year Built

  • Built in 1922

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 45x137
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,755 Sq Ft Home
  • 2-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Eat-In Kitchen

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Magnolia Terr Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031026 00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$595

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 748B
  • MAAR Subdivision Name: MAGNOLIA TERRACE
  • List Price Per Sq Ft: 85
  • Number Of Stories: 2
  • Price Per Sq Ft: 69.8
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1755
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 5
  • Bedrooms Down: 3
  • Floors/Ceilings: Wall to Wall Carpet, Vinyl Floor
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas

Lot Info

  • Lot Description: Level
  • Lot Number: W PT 54
  • Acreage: 0.14
  • Lot Size: 45X137
  • Price Per Acre: 1071429

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 031026 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Oct 3, 2022
Sold by
Maruishi Masaharu
Bought by
Mkr Property Group Llc
Seller's Agent
Sheila Brackens
901, REALTORS
Buyer's Agent
Dana Whitworth
Crye-Leike, Inc., REALTORS
List Price
$150,000
Sold Price
$122,500
Premium/Discount to List
-$27,500
-18.33%
Current Estimated Value
$133,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,872
Avg. Annual Appreciation
3.06%
Original Mortgage
$99,200
Outstanding Balance
$85,871
Interest Rate
5.21%
Mortgage Type
New Conventional
Estimated Equity
$47,502

Purchase Details

Closed on
Jul 16, 2013
Sold by
Bixler Barbara and Bixler Mark
Bought by
Maruishi Massharu

Purchase Details

Closed on
Dec 22, 2008
Sold by
P2o Financial Llc
Bought by
Bixler Barbara and Bixler Mark

Purchase Details

Closed on
Sep 8, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Deutsche Bank National Trust Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,400
Interest Rate
6.45%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 24, 2008
Sold by
Sebring Brenda
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2005-2

Purchase Details

Closed on
May 26, 2004
Sold by
The Provident Bank
Bought by
Sebring Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Brown Betty J
Bought by
The Provident Bank

Purchase Details

Closed on
Dec 22, 1997
Sold by
Mitchell Katrina L and Speed Bernard
Bought by
Brown Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,100
Interest Rate
7.18%

Purchase Details

Closed on
Apr 11, 1997
Sold by
Carpenter Geneva
Bought by
Mitchell Katrina L and Speed Bernard
Source: Public Records

Range of Values:

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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
Mkr Property Group Llc $122,500 None Listed On Document
Maruishi Massharu $72,000 None Available
Bixler Barbara $64,000 None Available
Deutsche Bank National Trust Co $8,000 Resource Title Agency Of Tn
Deutsche Bank National Trust Co $51,000 None Available
Sebring Brenda $13,000 Baldwin Land Title Pllc
The Provident Bank $22,900 --
Brown Betty J $53,000 --
Mitchell Katrina L -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mkr Property Group Llc $99,200
Previous Owner Deutsche Bank National Trust Co $33,400
Previous Owner Sebring Brenda $63,000
Previous Owner Sebring Brenda $56,000
Previous Owner Brown Betty J $37,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2022 10/24/22 Sold $122,500 -18.3% $77 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/10/2022 08/10/22 For Sale $150,000 +22.4% $94 / Sq Ft
07/11/2022 07/11/22 Off Market $122,500 -- --
05/17/2022 05/17/22 For Sale $150,000 -- $94 / 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 $595 $31,775 $6,575 $25,200
2024 $595 $17,550 $1,250 $16,300
2023 $1,069 $17,550 $1,250 $16,300
2022 $1,069 $17,550 $1,250 $16,300
2021 $476 $17,550 $1,250 $16,300
2020 $431 $13,475 $1,250 $12,225
2019 $431 $13,475 $1,250 $12,225
2018 $431 $13,475 $1,250 $12,225
2017 $441 $13,475 $1,250 $12,225
2016 $559 $12,800 $0 $0
2014 $559 $12,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sheila Brackens

    901, REALTORS

    (901) 352-1576

    3 in this area

    12 Total Sales

    Section Image
  • Dana Whitworth

    Buyer's Agent in 2022

    Dana Whitworth

    Crye-Leike

    (901) 734-3771

    1 in this area

    122 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10124158

Memphis Area Association of REALTORS®

APN: 03-1026-0-0010

Tennessee Shelby County Memphis 38106 Southeast Memphis

1603 Waverly Ave, Memphis, TN

This home is located at 1603 Waverly Ave, Memphis, TN 38106 since 17 May 2022 and is currently estimated at $133,372, approximately $74 per square foot. This property was built in 1922. 1603 Waverly 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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