1761 Cornelia Ln Memphis, TN 38117
Colonial Acres NeighborhoodEstimated Value: $135,872 - $188,000
3
Beds
1
Bath
960
Sq Ft
$160/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Porch
- Carpet
- No HOA
- Central Heating and Cooling System
- Property has 3 Levels
About This Home
As of February 2018Great Investment Opportunity! House was newly-renovated in 2016 and rented for $850/month on an 18 month lease that expires in November 2018. Tenant is current and pays on time every month. Located in a popular East Memphis neighborhood. Property management in place, great Turnkey Investment Opportunity! Rehab Scope of Work and Financials available upon request. Please do Not disturb tenant.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,255
Year Built
- Built in 1956
Lot Details
- 7,405
Parking
- Parking Pad
Home Design
- Traditional Architecture
Interior Spaces
- 960 Sq Ft Home
- Property has 3 Levels
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Additional Features
- Porch
- 7,405 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Willow Park A Subdivision
Listing and Financial Details
- Tax Lot 50
- Assessor Parcel Number 066041 00013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 12, 2020
Sold by
Mcclintock Morry Lynn and Mcclintock Joan Katherine
Bought by
Mcclintock Morry L and Mcclintock Joan K
Current Estimated Value
Purchase Details
Listed on
Jan 2, 2018
Closed on
Feb 1, 2018
Sold by
Swartwood Brandon
Bought by
Mcclintock Joan Katherine and Mcclintock Morry Lynn
List Price
$81,900
Sold Price
$80,613
Premium/Discount to List
-$1,287
-1.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.45%
Original Mortgage
$60,460
Outstanding Balance
$51,204
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$102,514
Purchase Details
Closed on
Jan 27, 2017
Sold by
Memphis Turnkey Properties Gp
Bought by
Swartwood Brandon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,675
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 13, 2016
Sold by
Seiler Denise Renee
Bought by
Memphis Turnkey Properties Gp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,675
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 5, 2016
Sold by
Ferguson Lori Sue and Mclaughlin Jody Lynne
Bought by
Seiler Denise Renee
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcclintock Morry L | -- | None Available | |
| Mcclintock Joan Katherine | $80,613 | Edco Title & Closing Svcs In | |
| Swartwood Brandon | $76,900 | Saddle Creek Title Llc | |
| Memphis Turnkey Properties Gp | $45,000 | Saddle Creek Title Llc | |
| Seiler Denise Renee | -- | None Available | |
| Renee Denise | $17,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcclintock Joan Katherine | $60,460 | |
| Previous Owner | Swartwood Brandon | $57,675 | |
| Previous Owner | Memphis Turnkey Properties Gp | $62,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/07/2018 02/07/18 | Sold | $80,613 | -1.6% | $84 / Sq Ft |
| 02/07/2018 02/07/18 | Pending | -- | -- | -- |
| 01/02/2018 01/02/18 | For Sale | $81,900 | -- | $85 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 | $1,048 | $34,925 | $8,000 | $26,925 |
| 2024 | $1,048 | $30,900 | $4,425 | $26,475 |
| 2023 | $1,882 | $30,900 | $4,425 | $26,475 |
| 2022 | $1,882 | $30,900 | $4,425 | $26,475 |
| 2021 | $1,904 | $30,900 | $4,425 | $26,475 |
| 2020 | $1,362 | $18,800 | $4,425 | $14,375 |
| 2019 | $1,362 | $18,800 | $4,425 | $14,375 |
| 2018 | $1,362 | $18,800 | $4,425 | $14,375 |
| 2017 | $669 | $16,275 | $4,425 | $11,850 |
| 2016 | $706 | $16,150 | $0 | $0 |
| 2014 | $706 | $16,150 | $0 | $0 |
Source: Public Records
Map
Source: Realtracs
MLS Number: 3028120
APN: 06-6041-0-0013
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