NOT LISTED FOR SALE

1612 Netherwood Ave Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $127,000 - $178,000

2 Beds
1 Bath
1,570 Sq Ft
$102/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $38,000 $24 Per Sq Ft

Est. 329% increase in value since last sale

Current estimated payment $978/month

2 Days on Market

Highlights

  • Tile Flooring
  • Central Air
  • Level Lot

About This Home

As of April 2019

Great opportunity to own this 4 bedroom 2 bathroom duplex home. This property built in 1947 has approximately 1665 square feet of living space. Close to restaurants and shopping. Bring your ideas and design and see how you can transform this place into just what you’ve been looking for.

Last Agent to Sell the Property

Courtney Read

Vylla Home License #323369 Listed on: 03/13/2019

Last Buyer's Agent

Randall Garrett

Franchise Realty, LLC License #309803

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,036

Year Built

  • Built in 1947

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex

Interior Spaces

  • 1,570 Sq Ft Home
  • 1.1-Story Property
  • Tile Flooring

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Magnolia Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031026 00040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,036

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Ranch
  • MLS Map #: 748B
  • MAAR Subdivision Name: MAGNOLIA GROVE
  • List Price Per Sq Ft: 20
  • Number Of Stories: 1.1
  • Price Per Sq Ft: 24.2
  • Estimated Sq Ft: 1570
  • Year Built: 1947
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile
  • Estimated Entire Duplex Sq Ft: 1600-1799

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking: Street Parking Only

Utilities

  • Cooling: Central Cooling
  • Heating: Gas
  • Hot Water: Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 31
  • Acreage: 0.17
  • Lot Size: 48X156.1/156.56
  • Price Per Acre: 181176

Tax Info

  • Assessor Parcel Number: 031026 00040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2021
Sold by
Joel Duque-Estrada Roth Ira and Directed Trust Company
Bought by
Boylston Apartments Limited Partnership
Current Estimated Value
$162,894

Purchase Details

Closed on
Aug 1, 2021
Sold by
Directed Trust Company
Bought by
Boylston Apartments Limited Partnership

Purchase Details

Closed on
Oct 9, 2019
Sold by
Gp Acquistions
Bought by
Directed Trust Company and Joel Duque Estrada Rotha Ira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2019
Sold by
Codes Zip
Bought by
Ocg Acquisitions Gp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2019
Sold by
S And L Real Estate Investments Llc
Bought by
Codes Zip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2019
Closed on
Apr 4, 2019
Sold by
Wells Fargo Bank National Association
Bought by
S And L Real Estate Investments Llc
Seller's Agent
Courtney Read
Vylla Home
Buyer's Agent
Randall Garrett
Franchise Realty, LLC
List Price
$30,800
Sold Price
$38,000
Premium/Discount to List
$7,200
23.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.69%
Original Mortgage
$30,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2018
Sold by
Boyd Sallie W
Bought by
Wells Fargo Bank National Association
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
Boylston Apartments Limited Partnership $150,000 None Listed On Document
Boylston Apartments Limited Partnership $150,000 None Available
Directed Trust Company $140,250 None Available
Ocg Acquisitions Gp $537,250 None Available
Codes Zip -- None Available
S And L Real Estate Investments Llc $38,000 Commercial Title Group Llc
Wells Fargo Bank National Association $43,884 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Directed Trust Company $88,250
Previous Owner O C G Acquisitions Gp $78,500
Previous Owner S And L Real Estate Investments Llc $30,000
Previous Owner Boyd Sallie W $35,151
Previous Owner Boyd Sallie W $43,200
Previous Owner Boyd Sallie W $10,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $38,000 +23.4% $24 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $30,800 -- $20 / 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 $1,036 $45,200 $7,100 $38,100
2024 $1,036 $30,575 $1,500 $29,075
2023 $1,863 $30,575 $1,500 $29,075
2022 $1,863 $30,575 $1,500 $29,075
2021 $906 $14,700 $1,500 $13,200
2020 $1,838 $25,360 $2,400 $22,960
2019 $507 $15,850 $1,500 $14,350
2018 $507 $15,850 $1,500 $14,350
2017 $519 $15,850 $1,500 $14,350
2016 $741 $16,950 $0 $0
2014 $741 $16,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Courtney Read

    Vylla Home

    (901) 282-5624

    483 Total Sales

    Section Image

  • R

    Buyer's Agent in 2019

    Randall Garrett

    Franchise Realty, LLC

    (901) 502-7548

    6 in this area

    27 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10047842

Memphis Area Association of REALTORS®

APN: 03-1026-0-0040

Tennessee Shelby County Memphis 38106 Southeast Memphis

1612 Netherwood Ave, Memphis, TN

This home is located at 1612 Netherwood Ave, Memphis, TN 38106 since 13 March 2019 and is currently estimated at $160,330, approximately $102 per square foot. This property was built in 1947. 1612 Netherwood Ave is a home located in Shelby County with nearby schools including Rozelle Elementary School, Hamilton High School, and St. Augustine Catholic School.

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