NOT LISTED FOR SALE

1616 Winston Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $78,000 - $98,814

3 Beds
1.5 Baths
922 Sq Ft
$99/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $70,450 $76 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $513/month

Highlights

  • Updated Kitchen
  • Den
  • Central Heating and Cooling System
  • Traditional Architecture
  • Some Wood Windows
  • 1-Story Property

About This Home

As of November 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2020 standards! Target rent = $695 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 09/10/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $342

Year Built

  • Built in 1982

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 57x158
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 922 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Laminate Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Peg And Chip Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070053 00084

Home Details

Home Type

Single Family

Est. Annual Taxes

$342

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 726B
  • MAAR Subdivision Name: PEG AND CHIP
  • List Price Per Sq Ft: 81
  • Number Of Stories: 1
  • Price Per Sq Ft: 76.41
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 922
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1
  • Total Bathrooms: 1.1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 3
  • Acreage: 0.18
  • Lot Size: 57X158
  • Price Per Acre: 416111

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 070053 00084

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Nov 16, 2020
Sold by
Memphis Investment Properties Ii Lc
Bought by
Gutierrez Christian
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$74,900
Sold Price
$70,450
Premium/Discount to List
-$4,450
-5.94%
Current Estimated Value
$91,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,754
Avg. Annual Appreciation
5.43%
Original Mortgage
$52,800
Outstanding Balance
$46,985
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$44,220

Purchase Details

Closed on
Jun 24, 2020
Sold by
Childress Patricia
Bought by
Memphis Investment Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 2, 2018
Closed on
Oct 19, 2018
Sold by
Lynch Timothy E and Lynch Carole
Bought by
Childress Patricia
Seller's Agent
Timothy Lynch
Crye-Leike, Inc., REALTORS
Buyer's Agent
Leah Kimberlin
Keller Williams
List Price
$19,900
Sold Price
$16,000
Premium/Discount to List
-$3,900
-19.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.41%

Purchase Details

Closed on
Mar 30, 2009
Sold by
Lynch Timothy E
Bought by
Lynch Timothy E and Lynch Carole
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
Gutierrez Christian $70,450 Delta Title Services Llc
Memphis Investment Properties Ii Llc $19,500 Delta Title Services Llc
Childress Patricia $16,000 Fidelity Title & Escrow Inc
Lynch Timothy E -- Fidelity Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Christian $52,800
Previous Owner Memphis Investment Properties Ii Llc $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2020 11/17/20 Sold $70,450 -5.9% $76 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $74,900 +368.1% $81 / Sq Ft
10/19/2018 10/19/18 Sold $16,000 -19.6% $160 / Sq Ft View Prior Sale
10/09/2018 10/09/18 Pending -- -- --
10/01/2018 10/01/18 For Sale $19,900 +24.4% $199 / Sq Ft
07/27/2018 07/27/18 Off Market $16,000 -- --
07/06/2018 07/06/18 Price Changed $19,900 -7.4% $199 / Sq Ft
07/02/2018 07/02/18 For Sale $21,500 -- $215 / 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 $342 $20,025 $1,175 $18,850
2024 $342 $10,100 $950 $9,150
2023 $615 $10,100 $950 $9,150
2022 $615 $10,100 $950 $9,150
2021 $622 $10,100 $950 $9,150
2020 $634 $8,750 $950 $7,800
2019 $280 $8,750 $950 $7,800
2018 $280 $8,750 $950 $7,800
2017 $286 $8,750 $950 $7,800
2016 $328 $7,500 $0 $0
2014 $328 $7,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    72 in this area

    409 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    71 in this area

    426 Total Sales

    Bradley Reedy
    Section Image

  • T

    Seller's Agent in 2018

    Timothy Lynch

    Crye-Leike, Inc., REALTORS

  • L

    Buyer's Agent in 2018

    Leah Kimberlin

    Keller Williams

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10084705

Memphis Area Association of REALTORS®

APN: 07-0053-0-0084

Tennessee Shelby County Memphis 38127 Frayser

1616 Winston Dr, Memphis, TN

This home is located at 1616 Winston Dr, Memphis, TN 38127 since 10 September 2020 and is currently estimated at $91,204, approximately $98 per square foot. This property was built in 1982. 1616 Winston Dr is a home located in Shelby County with nearby schools including Trezevant High School, Cornerstone Prep Denver Campus, and Memphis Business Academy Middle School.

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