NOT LISTED FOR SALE

1622 Cherry Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $138,000 - $164,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$108/Sq Ft Est. Value

Last Sold August 27, 2015

Last sale price $27,000 $19 Per Sq Ft

Est. 462% increase in value since last sale

Current estimated payment $874/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • Separate Formal Living Room
  • Partially Carpeted

About This Home

As of August 2015

Property is being sold as is. This would make a great investment or rental property. Cash only. This property wont last long!

Last Agent to Sell the Property

Jeff Goff

Keller Williams License #291715 Listed on: 07/29/2015

Keller Williams

Last Buyer's Agent

Francisca Madden

First National Realty, REALTOR License #279786

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 9,583 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,296 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • Colonial Acres 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066003 00040

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 23
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1296
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet, Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room

Exterior Features

  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 162
  • Acreage: 0.22
  • Lot Size: .22

Tax Info

  • Assessor Parcel Number: 066003 00040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2015
Closed on
Aug 27, 2015
Sold by
Dro Ip Ltd
Bought by
Gomez Juan and Gomez Alfonso
Seller's Agent
Jeff Goff
Keller Williams
Buyer's Agent
Francisca Madden
First National Realty, REALTOR
List Price
$29,900
Sold Price
$27,000
Premium/Discount to List
-$2,900
-9.7%
Current Estimated Value
$151,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,747
Avg. Annual Appreciation
18.02%

Purchase Details

Listed on
Aug 19, 2013
Closed on
Aug 29, 2013
Sold by
Detusche Bank National Trust Co
Bought by
Dro Ip Ltd
Seller's Agent
Larry Silvey
Keller Williams
Buyer's Agent
Larry Silvey
Keller Williams
Sold Price
$900

Purchase Details

Closed on
Apr 25, 2013
Sold by
Lott Bernice Ann and Lott Bernice A
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Nov 10, 2000
Sold by
Lawrence Johnson Realtors Inc
Bought by
Lott Bernice Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,192
Interest Rate
7.83%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 8, 2000
Sold by
Robert Elijah and Robert Lisa B
Bought by
Lawrence Johnson Realtors Inc
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 $27,000 Realty Title
Dro Ip Ltd $24,000 None Available
Deutsche Bank National Trust Co $45,000 None Available
Lott Bernice Ann $56,000 --
Lott Bernice Ann $56,000 --
Lawrence Johnson Realtors Inc $8,100 --
Lawrence Johnson Realtors Inc $8,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lott Bernice Ann $54,192
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2015 08/27/15 Sold $27,000 -9.7% $23 / Sq Ft
08/04/2015 08/04/15 Pending -- -- --
07/29/2015 07/29/15 For Sale $29,900 0.0% $25 / Sq Ft
10/01/2013 10/01/13 Rented $900 -5.3% --
10/01/2013 10/01/13 Under Contract -- -- --
08/19/2013 08/19/13 For Rent $950 -- --
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 $1,031 $32,850 $8,000 $24,850
2024 $1,031 $30,400 $4,425 $25,975
2023 $1,852 $30,400 $4,425 $25,975
2022 $1,852 $30,400 $4,425 $25,975
2021 $1,874 $30,400 $4,425 $25,975
2020 $1,237 $17,075 $4,425 $12,650
2019 $1,237 $17,075 $4,425 $12,650
2018 $1,237 $17,075 $4,425 $12,650
2017 $702 $17,075 $4,425 $12,650
2016 $727 $16,625 $0 $0
2014 $727 $16,625 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Goff

    Seller's Agent in 2015

    Jeff Goff

    Keller Williams

    (901) 461-8830

    9 in this area

    154 Total Sales

    Jeff Goff
    Section Image

  • F

    Buyer's Agent in 2015

    Francisca Madden

    First National Realty, REALTOR

  • L

    Seller's Agent in 2013

    Larry Silvey

    Keller Williams

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9957807

Memphis Area Association of REALTORS®

APN: 06-6003-0-0040

Tennessee Shelby County Memphis 38111 Colonial Acres

1622 Cherry Rd, Memphis, TN

Not Listed for Sale

Detached

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