NOT LISTED FOR SALE

1709 Cornelia Ln Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $133,000 - $152,801

3 Beds
2 Baths
1,000-1,199 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 27, 2015

Last sale price $78,000 $65 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $850/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Dining Room
  • Wood Flooring
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of July 2015

Property is Under High End Renovation with Numerous Upgrades. Perfect for Home Buyer or Investor looking for maintenance and vacancy reducing upgrades. Multiple Properties Rehabbed to a High Standard Available. Please call List Agent to Schedule Showing

Last Agent to Sell the Property

Jeremy Veldman

KAIZEN Realty, LLC License #327507 Listed on: 04/24/2015

KAIZEN Realty, LLC

Last Buyer's Agent

Jeremy Veldman

KAIZEN Realty, LLC License #327507 Listed on: 04/24/2015

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,076

Year Built

  • Built in 1956

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,176 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Carport
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Willow Park A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066041 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,076

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 759E
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 68
  • Number Of Stories: 1
  • Price Per Sq Ft: 66.33
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1176
  • Year Built: 1956
  • 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: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Total Bathrooms: 2

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 42
  • Acreage: 0.17
  • Lot Size: 0.26 acres
  • Price Per Acre: 467647

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 066041 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2015
Closed on
Jul 27, 2015
Sold by
Memphis Turnkey Properties Gp
Bought by
Sanchez Donald and Sanchez Barbara
Seller's Agent
Jeremy Veldman
KAIZEN Realty, LLC
Buyer's Agent
Jeremy Veldman
KAIZEN Realty, LLC
List Price
$86,250
Sold Price
$78,000
Premium/Discount to List
-$8,250
-9.57%
Current Estimated Value
$144,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,950
Avg. Annual Appreciation
6.23%

Purchase Details

Listed on
Mar 25, 2015
Closed on
Apr 16, 2015
Sold by
Suggs Perlean
Bought by
Memphis Turnkey Properties Gp
Seller's Agent
Jimmie Hopson
Crye-Leike, Inc., REALTORS
Buyer's Agent
Benolyn Craig
CB Properties of Memphis, LLC
List Price
$59,900
Sold Price
$50,000
Premium/Discount to List
-$9,900
-16.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
389.48%
Original Mortgage
$65,000
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 28, 1998
Sold by
Stephens Lorene P
Bought by
Suggs Perlean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.03%
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
Sanchez Donald $79,500 Saddle Creek Title Llc
Memphis Turnkey Properties Gp $50,000 Saddle Creek Title
Suggs Perlean $61,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Memphis Turnkey Properties Gp $65,000
Previous Owner Suggs Perlean $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2015 07/27/15 Sold $78,000 -9.6% $78 / Sq Ft
06/25/2015 06/25/15 Pending -- -- --
04/24/2015 04/24/15 For Sale $86,250 +72.5% $86 / Sq Ft
04/16/2015 04/16/15 Sold $50,000 -16.5% $50 / Sq Ft View Prior Sale
03/31/2015 03/31/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $59,900 -- $60 / 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 $1,076 $34,400 $8,000 $26,400
2024 $1,076 $31,750 $4,425 $27,325
2023 $1,934 $31,750 $4,425 $27,325
2022 $1,934 $31,750 $4,425 $27,325
2021 $1,957 $31,750 $4,425 $27,325
2020 $1,342 $18,525 $4,425 $14,100
2019 $1,342 $18,525 $4,425 $14,100
2018 $1,342 $18,525 $4,425 $14,100
2017 $761 $18,525 $4,425 $14,100
2016 $775 $17,725 $0 $0
2014 $775 $17,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jimmie Hopson

    Seller's Agent in 2015

    Jimmie Hopson

    Crye-Leike

    (901) 335-5697

    107 Total Sales

    Jimmie Hopson
    Section Image
  • Jeremy Veldman

    Seller's Agent in 2015

    Jeremy Veldman

    KAIZEN Realty, LLC

    (901) 221-4041

    213 Total Sales

    Jeremy Veldman
    Section Image

  • B

    Buyer's Agent in 2015

    Benolyn Craig

    CB Properties of Memphis, LLC

    (901) 240-8111

    2 Total Sales

    Benolyn Craig
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9950389

Memphis Area Association of REALTORS®

APN: 06-6041-0-0005

Tennessee Shelby County Memphis 38117 Colonial Acres

1709 Cornelia Ln, Memphis, TN

This home is located at 1709 Cornelia Ln, Memphis, TN 38117 since 24 April 2015 and is currently estimated at $144,950, approximately $120 per square foot. This property was built in 1956. 1709 Cornelia Ln is a home located in Shelby County with nearby schools including Willow Oaks Elementary School, Colonial Middle, and Overton High.

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