NOT LISTED FOR SALE

1871 Cornelia Ln Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $162,000 - $199,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$113/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $170,000 $106 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,036/month

56 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Brick Veneer
  • Traditional Architecture
  • Porch
  • Central Heating and Cooling System

About This Home

As of December 2021

Updated 3/2 for sale in Sea Isle Area!

Last Agent to Sell the Property

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 09/06/2021

Last Buyer's Agent

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 09/06/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 65x120
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,477 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Willow Park A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066046 00009

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 116
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1477
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 218
  • Acreage: 0.17
  • Lot Size: 65X120

Tax Info

  • Assessor Parcel Number: 066046 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2021
Closed on
Dec 8, 2021
Sold by
Drown Scot M
Bought by
Drown Scot M and Kubota Drown Terry
Seller's Agent
Andrew Akins
CB Properties of Memphis, LLC
Buyer's Agent
Andrew Akins
CB Properties of Memphis, LLC
List Price
$171,000
Sold Price
$170,000
Premium/Discount to List
-$1,000
-0.58%
Current Estimated Value
$180,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,293
Avg. Annual Appreciation
1.39%
Original Mortgage
$128,250
Outstanding Balance
$117,438
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$62,856

Purchase Details

Listed on
Sep 6, 2021
Closed on
Dec 3, 2021
Sold by
Oaks Mark and Oaks Sara
Bought by
Drown Scot M
Seller's Agent
Andrew Akins
CB Properties of Memphis, LLC
Buyer's Agent
Andrew Akins
CB Properties of Memphis, LLC
List Price
$171,000
Sold Price
$170,000
Premium/Discount to List
-$1,000
-0.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Outstanding Balance
$117,438
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$62,856

Purchase Details

Listed on
Aug 1, 2017
Closed on
Oct 20, 2017
Sold by
Memphis Turnkey Properties Gp
Bought by
Oaks Mark and Oaks Sara
List Price
$106,900
Sold Price
$106,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%
Original Mortgage
$80,175
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2017
Sold by
Matlock Lisa A
Bought by
Memphis Tunkey 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
$85,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 1996
Sold by
Matlock Rebecca S
Bought by
Matlock James L and Matlock Rebecca S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Drown Scot M -- Saddle Creek Title Llc
Drown Scot M $171,000 Saddle Creek Title
Oaks Mark $106,900 Saddle Creek Title Llc
Memphis Tunkey Properties Gp $66,000 None Available
Matlock James L -- --
Matlock Rebecca S -- --
Matlock James L -- --
Matlock Rebecca S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drown Scot M $128,250
Previous Owner Oaks Mark $80,175
Previous Owner Memphis Tunkey Properties Gp $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2021 12/17/21 Sold $170,000 -0.6% $121 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
09/06/2021 09/06/21 For Sale $171,000 +60.0% $122 / Sq Ft
10/23/2017 10/23/17 Sold $106,900 0.0% $74 / Sq Ft View Prior Sale
10/23/2017 10/23/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $106,900 -- $74 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $1,051 $46,675 $8,000 $38,675
2024 $1,051 $31,000 $4,425 $26,575
2023 $1,888 $31,000 $4,425 $26,575
2022 $1,888 $31,000 $4,425 $26,575
2021 $1,070 $31,000 $4,425 $26,575
2019 $733 $22,925 $4,425 $18,500
2018 $733 $22,925 $4,425 $18,500
2017 $750 $22,925 $4,425 $18,500
2016 $827 $18,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Akins

    Seller's Agent in 2021

    Andrew Akins

    CB Properties of Memphis, LLC

    (901) 277-6567

    19 in this area

    326 Total Sales

    Andrew Akins
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10115208

Memphis Area Association of REALTORS®

APN: 06-6046-0-0009

Tennessee Shelby County Memphis 38117 Colonial Acres

1871 Cornelia Ln, Memphis, TN

Not Listed for Sale

Detached

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