NOT LISTED FOR SALE

1615 Gilson Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $153,000 - $159,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$130/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $94,900 $79 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $921/month

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Wood Fence
  • Eat-In Kitchen
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of May 2018

Great investment opportunity! This CASHFLOW property has been fully renovated and brought to 2018 standards! Target rent = $895 and professional property management is in place! This brick home features Hardwood floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

James Wachob

Foundation Property Management License #294924 Listed on: 03/02/2018

Foundation Property Management

Co-Listed By

Sean Tagge

Reedy & Company, REALTORS License #342384

Last Buyer's Agent

James Wachob

Foundation Property Management License #294924 Listed on: 03/02/2018

Foundation Property Management

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,129

Year Built

  • Built in 1952

Lot Details

  • 8,276 Sq Ft Lot
  • Wood Fence
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,053 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Colonial Acres 3Rd Addn A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066003 00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,129

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 759E
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 90
  • Number Of Stories: 1
  • Price Per Sq Ft: 90.12
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1053
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Eat-In Kitchen
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wood Fence
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 8
  • Acreage: 0.19
  • Lot Size: 60X139 / 0.19
  • Price Per Acre: 499474

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 066003 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2018
Closed on
May 9, 2018
Sold by
Memphins Investments Rental Properties L
Bought by
Henderson Kevin Earl
Seller's Agent
James Wachob
Foundation Property Management
Buyer's Agent
James Wachob
Foundation Property Management
List Price
$94,900
Sold Price
$94,900
Current Estimated Value
$155,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,077
Avg. Annual Appreciation
6.91%
Original Mortgage
$75,920
Outstanding Balance
$65,430
Interest Rate
4.44%
Mortgage Type
VA
Estimated Equity
$90,547

Purchase Details

Closed on
Jan 19, 2018
Sold by
Stellarnet Holdings Llc
Bought by
Memphis Investment Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 26, 2014
Closed on
Jan 9, 2015
Sold by
Morris Terry R
Bought by
Stellarnet Holdings Llc
Seller's Agent
Jennifer Carstensen
Real Estate Agency
Buyer's Agent
Terri Faulkner
Reedy & Company, REALTORS
List Price
$65,000
Sold Price
$55,000
Premium/Discount to List
-$10,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.16%

Purchase Details

Closed on
May 24, 2011
Sold by
Moore Terry Edwin
Bought by
Morris Terry R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
4.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 1999
Sold by
Wright Timothy
Bought by
Moore Terry Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.58%

Purchase Details

Closed on
Apr 9, 1997
Sold by
Weiss Arnold M
Bought by
Hud
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
Henderson Kevin Earl $94,900 Delta Title Services Llc
Memphis Investment Rental Properties Llc $63,000 Closetrak Closing & Title
Stellarnet Holdings Llc $55,000 None Available
Morris Terry R $47,500 None Available
Moore Terry Edwin $60,000 Southern Trust Title Company
Hud $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henderson Kevin Earl $75,920
Previous Owner Memphis Investment Rental Properties Llc $90,000
Previous Owner Morris Terry R $38,000
Previous Owner Moore Terry Edwin $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2018 05/09/18 Sold $94,900 0.0% $95 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $94,900 +72.5% $95 / Sq Ft
01/09/2015 01/09/15 Sold $55,000 -15.4% $55 / Sq Ft View Prior Sale
12/11/2014 12/11/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $65,000 -- $65 / 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 $1,129 $38,975 $8,000 $30,975
2024 $1,129 $33,300 $4,425 $28,875
2023 $2,029 $33,300 $4,425 $28,875
2022 $2,029 $33,300 $4,425 $28,875
2021 $2,052 $33,300 $4,425 $28,875
2020 $1,630 $22,500 $4,425 $18,075
2019 $1,630 $22,500 $4,425 $18,075
2018 $967 $13,350 $4,425 $8,925
2017 $549 $13,350 $4,425 $8,925
2016 $546 $12,500 $0 $0
2014 $546 $15,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Wachob

    Seller's Agent in 2018

    James Wachob

    Foundation Property Management

    (901) 633-1484

    13 in this area

    634 Total Sales

    James Wachob
    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Sean Tagge

    Reedy & Company, REALTORS

    Section Image
  • Jennifer Carstensen

    Seller's Agent in 2015

    Jennifer Carstensen

    Real Estate Agency

    (901) 201-0280

    14 in this area

    338 Total Sales

    Jennifer Carstensen
    Section Image

  • T

    Buyer's Agent in 2015

    Terri Faulkner

    Reedy & Company, REALTORS

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10021519

Memphis Area Association of REALTORS®

APN: 06-6003-0-0007

Tennessee Shelby County Memphis 38117 Colonial Acres

1615 Gilson Rd, Memphis, TN

This home is located at 1615 Gilson Rd, Memphis, TN 38117 since 02 March 2018 and is currently estimated at $155,977, approximately $130 per square foot. This property was built in 1952. 1615 Gilson Rd is a home located in Shelby County with nearby schools including Willow Oaks Elementary School, Colonial Middle, and Overton High.

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