NOT LISTED FOR SALE

1617 Cherry Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $96,000 - $138,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$93/Sq Ft Est. Value

Last Sold December 12, 2016

Last sale price $42,600 $36 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $630/month

5 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Some Wood Windows
  • Traditional Architecture
  • Separate Formal Living Room
  • 2 Car Detached Garage

About This Home

As of December 2016

Nice single family home as starter home or good investment property. New plumbing, new central air and heating system. Washer and dryer, & ice maker connections. 2 story shop/detached garage with two rooms upstairs. Large fenced back yard. Shaded deck.

Last Agent to Sell the Property

Lavern Jones

Keller Williams License #322390 Listed on: 11/30/2016

Keller Williams

Last Buyer's Agent

Francisca Madden

First National Realty, REALTOR License #279786

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.26 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,037 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • Driveway

Additional Features

  • Deck
  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Cherry Leatherwood Re S/D L 1 3&17 19 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058155 00115

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat, Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: CHERRY-LEATHERWOOD
  • List Price Per Sq Ft: 41
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1037
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen, Washer/Dryer Connections

Exterior Features

  • Misc Exterior: Deck
  • Exterior Windows: Wood/Composition, Wood Window(s)

Garage/Parking

  • Attached Detached Parking: Detached
  • Number Covered Parking Spaces: 2
  • Parking Display: 2D
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 52
  • Acreage: 0.26
  • Lot Size: .26

Tax Info

  • Assessor Parcel Number: 058155 00115

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2016
Closed on
Dec 9, 2016
Sold by
Busler Thomas J
Bought by
Gomez Juan and Gomez Alfonso
Seller's Agent
Lavern Jones
Keller Williams
Buyer's Agent
Francisca Madden
First National Realty, REALTOR
List Price
$42,600
Sold Price
$42,600
Current Estimated Value
$111,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,688
Avg. Annual Appreciation
11.08%

Purchase Details

Closed on
Jun 29, 2009
Sold by
Solell Properties Gp
Bought by
Busler Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2009
Sold by
Homesales Inc
Bought by
Stable Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2009
Sold by
Jeffries Nathaniel
Bought by
Homesales Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2007
Sold by
Charlton Pamela R
Bought by
Jeffries Nathaniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2005
Sold by
Palmer Cheryl E
Bought by
Palmer Darrell G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gomez Juan $42,600 Home Surety Title & Escrow
Busler Thomas J $36,500 None Available
Solell Properties Gp $25,000 None Available
Stable Investments Llc $22,800 Edco Title & Closing Service
Homesales Inc $37,974 None Available
Jeffries Nathaniel $85,000 Accurate Title & Escrow
Palmer Darrell G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Busler Thomas J $52,500
Previous Owner Jeffries Nathaniel $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2016 12/12/16 Sold $42,600 0.0% $43 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
11/30/2016 11/30/16 For Sale $42,600 -- $43 / 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 $629 $24,375 $4,675 $19,700
2024 $629 $18,550 $4,675 $13,875
2023 $1,130 $18,550 $4,675 $13,875
2022 $1,130 $18,550 $4,675 $13,875
2021 $1,143 $18,550 $4,675 $13,875
2020 $1,013 $13,975 $2,750 $11,225
2019 $1,013 $13,975 $2,750 $11,225
2018 $1,013 $13,975 $2,750 $11,225
2017 $574 $13,975 $2,750 $11,225
2016 $574 $13,125 $0 $0
2014 $653 $14,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lavern Jones

    Keller Williams

    Section Image

  • F

    Buyer's Agent in 2016

    Francisca Madden

    First National Realty, REALTOR

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9991467

Memphis Area Association of REALTORS®

APN: 05-8155-0-0115

Tennessee Shelby County Memphis 38111 Colonial Acres

1617 Cherry Rd, Memphis, TN

Not Listed for Sale

MultiFamily

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