NOT LISTED FOR SALE

1950 Netherwood Ave Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $170,912 - $204,000

2 Beds
1 Bath
2,280 Sq Ft
$83/Sq Ft Est. Value

Last Sold March 20, 2023

Last sale price $180,000 $79 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,099/month

17 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Level Lot
  • Bungalow
  • Storm Doors
  • 5-minute walk to Glenview Park

About This Home

As of March 2023

Great opportunity for investors, or owner/landlord. Occupy one side and rent the other! Nice Duplex in quiet neighborhood. Market Rent est. $1500 per month. Roof approx. 12 years old Unit 1: Two Bedrooms, 1 Full Bathroom AC 8 years old Refrigerator Unit 2: Three Bedrooms, 2 Full Bathrooms AC and furnace 5 years old To be sold "as is" condition. 2/20/23 Home is under contract

Last Agent to Sell the Property

Helen Nelson

Crye-Leike, Inc., REALTORS License #341997 Listed on: 02/17/2023

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Jamtarsha Sanders

Home River License #365862

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,137

Year Built

  • Built in 1945

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 55x140
  • Chain Link Fence
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Bungalow
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 2,280 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Pull Down Stairs to Attic
  • Storm Doors

Kitchen

  • Free-Standing Range
  • Dishwasher

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 031104 00010

Community Details

Overview

  • Edgewood Manor Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,137

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Bungalow
  • Cross Street: Lamar
  • MLS Map #: 748B
  • MAAR Subdivision Name: EDGEWOOD MANOR
  • List Price Per Sq Ft: 75
  • Number Of Stories: 1
  • Price Per Sq Ft: 78.95
  • Estimated Sq Ft: 2280
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher
  • Estimated Entire Duplex Sq Ft: 2200-2399
  • Miscellaneous Interior: Pull Down Attic Stairs, Cat/Dog Free House

Exterior Features

  • Exterior Windows: Brick Veneer, Storm Door(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Electric

Lot Info

  • Lot Description: Level, Chain Fenced
  • Lot Number: 162
  • Acreage: 0.17
  • Lot Size: 55X140
  • Price Per Acre: 1000000

Tax Info

  • Assessor Parcel Number: 031104 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2024
Sold by
Williams Derotha
Bought by
Derotha Williams Revocable Living Trust and Williams
Current Estimated Value
$189,228

Purchase Details

Listed on
Feb 17, 2023
Closed on
Mar 17, 2023
Sold by
Newsum-Hall Vicki
Bought by
Williams Derotha
Seller's Agent
Helen Nelson
Crye-Leike, Inc., REALTORS
Buyer's Agent
Jamtarsha Sanders
Home River
List Price
$170,000
Sold Price
$180,000
Premium/Discount to List
$10,000
5.88%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.29%
Original Mortgage
$135,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2001
Sold by
Newsum Floyd E and Newsum Evelyn L
Bought by
Newsum Floyd and Newsum Horace E
Source: Public Records

Range of Values:

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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
Derotha Williams Revocable Living Trust -- None Listed On Document
Williams Derotha $180,000 --
Newsum Floyd -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Derotha $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2023 03/20/23 Sold $180,000 +5.9% $79 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $170,000 -- $75 / 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 $1,137 $67,760 $11,440 $56,320
2024 $1,163 $33,550 $1,525 $32,025
2023 $1,163 $34,320 $2,440 $31,880
2022 $2,091 $34,320 $2,440 $31,880
2021 $2,115 $34,320 $2,440 $31,880
2020 $2,574 $35,520 $2,440 $33,080
2019 $1,135 $35,520 $2,440 $33,080
2018 $1,135 $35,520 $2,440 $33,080
2017 $1,162 $35,520 $2,440 $33,080
2016 $1,591 $36,400 $0 $0
2014 $1,591 $36,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Helen Nelson

    Seller's Agent in 2023

    Helen Nelson

    Crye-Leike

    (901) 233-6394

    1 in this area

    14 Total Sales

    Helen Nelson
    Section Image
  • Jamtarsha Sanders

    Buyer's Agent in 2023

    Jamtarsha Sanders

    Home River

    (901) 286-7627

    1 in this area

    14 Total Sales

    Jamtarsha Sanders
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10142195

Memphis Area Association of REALTORS®

APN: 03-1104-0-0010

Tennessee Shelby County Memphis 38114 Southeast Memphis

1950 Netherwood Ave, Memphis, TN

This home is located at 1950 Netherwood Ave, Memphis, TN 38114 since 17 February 2023 and is currently estimated at $189,228, approximately $82 per square foot. This property was built in 1945. 1950 Netherwood Ave is a home located in Shelby County with nearby schools including Hamilton High School, Hanley School - Elementary, and Hanley Schoool - Middle.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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