NOT LISTED FOR SALE

1640 Cherry Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $121,000 - $174,856

3 Beds
1.5 Baths
1,200-1,399 Sq Ft
$101/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $128,650 $92 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $849/month

228 Days on Market

Highlights

  • Colonial Architecture
  • Great Room
  • Some Wood Windows
  • Wood Flooring
  • Separate Outdoor Workshop
  • Porch

About This Home

As of June 2024

PRICE REDUCED! Ready to sell! This 3- bedroom, 1.5-bathroom is an East Memphis gem! Great Investment property or make it your own home right on Cherry Road. Come see it today.

Last Agent to Sell the Property

Elizabeth Amodeo

Marx-Bensdorf, REALTORS License #359434 Listed on: 10/14/2023

Last Buyer's Agent

Jonathan Nunez

Fast Track Realty, LLC License #349008

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 70x140
  • Few Trees

Home Design

  • Colonial Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,324 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Great Room
  • Combination Dining and Living Room
  • Oven or Range
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Parking

  • 1 Car Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Separate Outdoor Workshop
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Colonial Acres 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066003 00037

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Colonial
  • Detached Unit Type: General Residential
  • MLS Map #: 759E
  • MAAR Subdivision Name: COLONIAL ACRES
  • Number Of Stories: 1
  • Price Per Sq Ft: 97.17
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1324
  • Year Built: 1955
  • List Price/ Sq Ft: 106
  • 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
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven
  • Living Dining Kitchen: Great Room, LR/DR Combination, Washer/Dryer Connections
  • Total Bathrooms: 1.1
  • P R I M A R Y B E D R O O M: Level 1, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, Storage, Workshop
  • Exterior Windows: Wood/Composition

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 165
  • Acreage: 0.22
  • Lot Size: 70X140
  • Price Per Acre: 636364

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 066003 00037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2023
Closed on
Jun 18, 2024
Sold by
L & M Victory Llc
Bought by
Memphis Passive 1 Llc
Seller's Agent
Elizabeth Amodeo
Marx-Bensdorf, REALTORS
Buyer's Agent
Jonathan Nunez
Fast Track Realty, LLC
List Price
$165,000
Sold Price
$128,650
Premium/Discount to List
-$36,350
-22.03%
Views
248
Current Estimated Value
$141,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,814
Avg. Annual Appreciation
7.64%
Original Mortgage
$148,000
Outstanding Balance
$146,111
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
-$4,647

Purchase Details

Listed on
Jun 4, 2021
Closed on
Sep 3, 2021
Sold by
Rke Investments Llc
Bought by
L & M Victory Llc
Seller's Agent
Loren Huie
BHHS Taliesyn Realty
Buyer's Agent
Elizabeth Amodeo
Marx-Bensdorf, REALTORS
List Price
$140,000
Sold Price
$124,000
Premium/Discount to List
-$16,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.33%

Purchase Details

Listed on
Jun 24, 2018
Closed on
Jul 25, 2018
Sold by
Lee Melissa
Bought by
Rke Invetsments Llc
Seller's Agent
Kandi Stehlik
Omni, REALTORS
Buyer's Agent
Aaron Edwards
Real Broker
List Price
$77,900
Sold Price
$70,000
Premium/Discount to List
-$7,900
-10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.04%

Purchase Details

Closed on
Apr 3, 2000
Sold by
Deshields Robert W and Deshields Ruby M
Bought by
Lee Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,971
Interest Rate
8.29%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 1999
Sold by
Deshields Robert W and Deshields Ruby M
Bought by
Deshields William K
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
Memphis Passive 1 Llc $128,650 Edco Title & Closing Services
L & M Victory Llc $124,000 Closetrak
Rke Invetsments Llc $70,000 Fidelity Title And Escrow In
Lee Melissa $56,000 West Tennessee Title
Deshields William K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Memphis Passive 1 Llc $148,000
Previous Owner Lee Melissa $55,971
Closed Lee Melissa $3,267
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2024 06/21/24 Sold $128,650 -8.1% $107 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/26/2024 05/26/24 Price Changed $140,000 -9.7% $117 / Sq Ft
04/05/2024 04/05/24 Price Changed $155,000 -2.5% $129 / Sq Ft
01/15/2024 01/15/24 Price Changed $159,000 -0.6% $133 / Sq Ft
12/04/2023 12/04/23 Price Changed $159,900 -3.0% $133 / Sq Ft
11/12/2023 11/12/23 Price Changed $164,900 -0.1% $137 / Sq Ft
10/14/2023 10/14/23 For Sale $165,000 +33.1% $138 / Sq Ft
09/07/2021 09/07/21 Sold $124,000 -11.4% $103 / Sq Ft View Prior Sale
08/25/2021 08/25/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $140,000 +12.9% $117 / Sq Ft
08/09/2021 08/09/21 Off Market $124,000 -- --
07/02/2021 07/02/21 For Sale $140,000 0.0% $117 / Sq Ft
07/02/2021 07/02/21 Price Changed $140,000 +3.7% $117 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $135,000 +92.9% $113 / Sq Ft
07/23/2018 07/23/18 Sold $70,000 -10.1% $58 / Sq Ft View Prior Sale
06/24/2018 06/24/18 For Sale $77,900 -- $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 -- $36,225 $8,000 $28,225
2024 $1,187 $35,000 $4,425 $30,575
2023 $2,132 $35,000 $4,425 $30,575
2022 $2,132 $35,000 $4,425 $30,575
2021 $950 $35,000 $4,425 $30,575
2020 $1,116 $15,400 $4,425 $10,975
2019 $492 $15,400 $4,425 $10,975
2018 $492 $15,400 $4,425 $10,975
2017 $504 $15,400 $4,425 $10,975
2016 $739 $16,900 $0 $0
2014 $739 $16,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Amodeo

    Seller's Agent in 2024

    Elizabeth Amodeo

    Marx-Bensdorf, REALTORS

    (901) 485-1270

    5 in this area

    63 Total Sales

    Elizabeth Amodeo
    Section Image
  • Jonathan Nunez

    Buyer's Agent in 2024

    Jonathan Nunez

    Fast Track Realty, LLC

    (901) 453-8455

    13 in this area

    396 Total Sales

    Jonathan Nunez
    Section Image
  • Loren Huie

    Seller's Agent in 2021

    Loren Huie

    BHHS Taliesyn Realty

    (901) 849-2543

    2 in this area

    79 Total Sales

    Loren Huie
    Section Image

  • K

    Seller's Agent in 2018

    Kandi Stehlik

    Omni, REALTORS

    Section Image
  • Aaron Edwards

    Buyer's Agent in 2018

    Aaron Edwards

    Real Broker

    (901) 219-5084

    4 in this area

    69 Total Sales

    Aaron Edwards
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10158837

Memphis Area Association of REALTORS®

APN: 06-6003-0-0037

Tennessee Shelby County Memphis 38111 Colonial Acres

1640 Cherry Rd, Memphis, TN

This home is located at 1640 Cherry Rd, Memphis, TN 38117 since 14 October 2023 and is currently estimated at $141,464, approximately $101 per square foot. This property was built in 1955. 1640 Cherry Rd is a home located in Shelby County with nearby schools including Willow Oaks Elementary School, Colonial Middle, and Overton High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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