NOT LISTED FOR SALE

181 E Fernwood Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated Value: $92,000 - $134,618

4 Beds
2 Baths
2,200-2,399 Sq Ft
$47/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $59,000 $25 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $622/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Central Heating and Cooling System
  • Some Wood Windows
  • Patio
  • Dining Room

About This Home

As of June 2023

FORECLOSURE! Lender says sell! Large brick home with that is over 1,900 sq ft. and could make an excellent primary residence or investment property! Many homes in this area are being rehabbed and sold for more money! Possible Fix & Flip or BRRRR opportunity. Some repairs/upgrades have already been completed. Will not qualify for a loan, utilities are off, CASH OFFERS ONLY. No wholesalers or assignments. SELLER WILL OWNER FINANCE WITH 15% DOWN AT 10% INTEREST--6 MONTH TERM.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 05/30/2023

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x135
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,200-2,399 Sq Ft Home
  • 2,219 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Dining Room
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Mcgehee & Pilley Re Blk 36 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 050057 00007

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: MCGEHEE & PILLEY BLK 36
  • List Price Per Sq Ft: 27
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2219
  • Year Built: 1949
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 2200-2399
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Dining Room

Exterior Features

  • Misc Exterior: Porch, Patio
  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 7
  • Acreage: 0.18
  • Lot Size: 60X135

Tax Info

  • Assessor Parcel Number: 050057 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2024
Sold by
Jewel Enterprise Real Estate Investments
Bought by
Jewel Enterprise Real Estate Investments Llc
Current Estimated Value
$113,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,400
Outstanding Balance
$89,450
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$23,955

Purchase Details

Listed on
May 30, 2023
Closed on
Jun 23, 2023
Sold by
Avalon Cap Thrift & Loan Llc
Bought by
Jewel Enterprises Real Estate Investments Llc
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$59,000
Sold Price
$59,000
Views
176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.06%
Original Mortgage
$88,100
Interest Rate
6.57%
Mortgage Type
Construction

Purchase Details

Listed on
May 30, 2023
Closed on
May 4, 2023
Sold by
Darnell Clifton E
Bought by
Avalon Cap Thrift & Loan Llc
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$59,000
Sold Price
$59,000
Views
176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,100
Interest Rate
6.57%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 23, 2022
Sold by
Marie Perry Deona
Bought by
Marlou Consultant Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2021
Sold by
Rainer Corey
Bought by
Perry Deona Marie

Purchase Details

Closed on
Jun 16, 2021
Sold by
Collins Lacy
Bought by
Bigner Gerey

Purchase Details

Closed on
Feb 2, 2021
Sold by
Collins Lam
Bought by
Collins Lacy and Reginer Corey

Purchase Details

Closed on
Mar 18, 2020
Sold by
Franklin Joe and Franklin Carolyn V
Bought by
Collins Lacy

Purchase Details

Closed on
Mar 22, 2001
Sold by
Joe Franklin
Bought by
Franklin Joe and Franklin Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,850
Interest Rate
11.99%
Mortgage Type
Purchase Money Mortgage
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
Jewel Enterprise Real Estate Investments Llc -- None Listed On Document
Jewel Enterprises Real Estate Investments Llc $59,000 Edco Title & Closing Services
Avalon Cap Thrift & Loan Llc $57,000 None Listed On Document
Marlou Consultant Enterprises Inc $35,000 Saddle Creek Title
Perry Deona Marie -- None Available
Bigner Gerey -- None Available
Collins Lacy -- None Available
Collins Lacy -- None Available
Franklin Joe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jewel Enterprise Real Estate Investments Llc $90,400
Previous Owner Jewel Enterprises Real Estate Investments Llc $88,100
Previous Owner Marlou Consultant Enterprises Inc $75,000
Previous Owner Franklin Joe $68,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2023 06/23/23 Sold $59,000 0.0% $27 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $59,000 -- $27 / 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 -- $26,125 $2,000 $24,125
2024 $336 $9,900 $1,000 $8,900
2023 $603 $9,900 $1,000 $8,900
2022 $603 $9,900 $1,000 $8,900
2021 $717 $9,900 $1,000 $8,900
2020 $634 $8,750 $1,000 $7,750
2019 $280 $8,750 $1,000 $7,750
2018 $280 $8,750 $1,000 $7,750
2017 $286 $8,750 $1,000 $7,750
2016 $298 $6,825 $0 $0
2014 $552 $12,625 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Tapley

    Seller's Agent in 2023

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    83 in this area

    1,197 Total Sales

    Tyler Tapley
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10148975

Memphis Area Association of REALTORS®

APN: 05-0057-0-0007

Tennessee Shelby County Memphis 38109 South Memphis

181 E Fernwood Ave, Memphis, TN

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