NOT LISTED FOR SALE

1775 Cornelia Ln Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $131,000 - $169,861

3 Beds
1 Bath
1,200-1,399 Sq Ft
$110/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $137,500 $98 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $912/month

169 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • 2 Fireplaces

About This Home

As of February 2024

Investment property in INCREDIBLE neighborhood in Memphis - Sea Isle Park! Newer cabinets in kitchen, tile and hardwood. Lease in place since 1/18/2023, ending 12/20/2023 for $1,271 (Sec. 8, pays $1,112). This is a great long-term area for investors due to rising values, flips/rehabs in neighborhood, leading to rising rents! With updates, houses here rents for $1500+! Don't miss your chance to get a great property at a great price - submit your offer! No assignable/"creative," offers please.

Last Agent to Sell the Property

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 09/04/2023

Last Buyer's Agent

Andrew Akins

CB Properties of Memphis, LLC License #350853

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,225

Year Built

  • Built in 1956

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 65x120
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,275 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Willow Park A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066041 00015

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,225

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
  • Number Of Stories: 1
  • Price Per Sq Ft: 107.84
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1275
  • Year Built: 1956
  • List Price/ Sq Ft: 125
  • 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
  • Full Bathrooms: 1
  • Number Of Fireplaces: 2
  • Total Bathrooms: 1

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 52
  • Acreage: 0.17
  • Lot Size: 65X120
  • Price Per Acre: 941176

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 066041 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2024
Sold by
Akins Andrew C
Bought by
Aca Investment Properties Llc
Current Estimated Value
$154,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Outstanding Balance
$127,416
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$27,049

Purchase Details

Listed on
Sep 4, 2023
Closed on
Feb 28, 2024
Sold by
Chen Pi Pao
Bought by
Akins Andrew C
Seller's Agent
Randall Weatherall
Memphis Metro Realty
Buyer's Agent
Andrew Akins
CB Properties of Memphis, LLC
List Price
$160,000
Sold Price
$137,500
Premium/Discount to List
-$22,500
-14.06%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$155,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2013
Sold by
Caerus Capital Partners Llc
Bought by
Chen Pi Pao

Purchase Details

Closed on
Dec 22, 2005
Sold by
Rutledge Dabnei and Rutledge Jo Lynn
Bought by
Deutsche Bank National Trust Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,900
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2005
Sold by
Holland Charles F and Holland Mary Lou
Bought by
Rutledge Dabnei and Rutledge Jo Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,900
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 1998
Sold by
Stephens John W and Stephens Gloria H
Bought by
Holland Charles F and Holland Mary Lou
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
Aca Investment Properties Llc -- Home Surety Title & Escrow
Akins Andrew C $137,500 Home Surety Title
Chen Pi Pao $65,000 None Available
Deutsche Bank National Trust Co $38,200 None Available
Rutledge Dabnei $81,900 Tam Title & Escrow Llc
Holland Charles F $55,790 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aca Investment Properties Llc $129,000
Previous Owner Akins Andrew C $155,000
Previous Owner Rutledge Dabnei $81,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $137,500 -14.1% $115 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $160,000 +16.4% $133 / Sq Ft
12/07/2023 12/07/23 Off Market $137,500 -- --
09/04/2023 09/04/23 For Sale $160,000 -- $133 / 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 $1,225 $41,525 $8,000 $33,525
2024 $1,225 $36,150 $4,425 $31,725
2023 $2,202 $36,150 $4,425 $31,725
2022 $2,202 $36,150 $4,425 $31,725
2021 $2,228 $36,150 $4,425 $31,725
2020 $1,453 $20,050 $4,425 $15,625
2019 $1,453 $20,050 $4,425 $15,625
2018 $1,453 $20,050 $4,425 $15,625
2017 $824 $20,050 $4,425 $15,625
2016 $879 $20,125 $0 $0
2014 $879 $20,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randall Weatherall

    Seller's Agent in 2024

    Randall Weatherall

    Memphis Metro Realty

    (731) 487-5843

    10 in this area

    213 Total Sales

    Randall Weatherall
    Section Image
  • Andrew Akins

    Buyer's Agent in 2024

    Andrew Akins

    CB Properties of Memphis, LLC

    (901) 277-6567

    12 in this area

    338 Total Sales

    Andrew Akins
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10155898

Memphis Area Association of REALTORS®

APN: 06-6041-0-0015

Tennessee Shelby County Memphis 38117 Colonial Acres

1775 Cornelia Ln, Memphis, TN

This home is located at 1775 Cornelia Ln, Memphis, TN 38117 since 04 September 2023 and is currently estimated at $154,465, approximately $110 per square foot. This property was built in 1956. 1775 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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