NOT LISTED FOR SALE

Estimated Value: $51,000 - $98,000

2 Beds
1 Bath
720 Sq Ft
$110/Sq Ft Est. Value

Last Sold September 21, 2021

Last sale price $83,500 $116 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $480/month

Highlights

  • Updated Kitchen
  • Den
  • 1-Story Property
  • Traditional Architecture
  • Central Heating and Cooling System

About This Home

As of September 2021

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $695 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 07/09/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $407

Year Built

  • Built in 1952

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 50x175
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Den
  • Laminate Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • South Rugby Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072045 00048

Home Details

Home Type

Single Family

Est. Annual Taxes

$407

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 727C
  • MAAR Subdivision Name: RUGBY (SOUTH)
  • List Price Per Sq Ft: 118
  • Number Of Stories: 1
  • Price Per Sq Ft: 115.97
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 720
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 325
  • Acreage: 0.2
  • Lot Size: 50X175
  • Price Per Acre: 425000

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 072045 00048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 17, 2021
Sold by
Memphis Investments Properties Iii Llc
Bought by
Sagabaen Jonathan and Parco Acelyne Mil
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$85,000
Sold Price
$83,500
Premium/Discount to List
-$1,500
-1.76%
Total Days on Market
0
Current Estimated Value
$79,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,057
Avg. Annual Appreciation
-1.34%
Original Mortgage
$60,800
Outstanding Balance
$55,804
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$23,639

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jul 9, 2021
Sold by
Or Ravit
Bought by
Memphis Investmetn Properites Iii Llc
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$45,000
Sold Price
$33,500
Premium/Discount to List
-$11,500
-25.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5203.09%
Original Mortgage
$60,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 25, 2018
Closed on
May 29, 2019
Sold by
Maya Ben Baruch
Bought by
Or Ravit
Seller's Agent
Deborah Williams
4 Success Realty, LLC
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$35,000
Sold Price
$25,000
Premium/Discount to List
-$10,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.09%

Purchase Details

Listed on
Oct 25, 2018
Closed on
Apr 11, 2019
Sold by
Moore Edith C
Bought by
Maya Ben Baruch
Seller's Agent
Deborah Williams
4 Success Realty, LLC
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$35,000
Sold Price
$25,000
Premium/Discount to List
-$10,000
-28.57%

Purchase Details

Closed on
Feb 1, 2011
Sold by
County Of Shelby
Bought by
Moore Edith C
Source: Public Records

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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
Sagabaen Jonathan $83,500 Delta Title Services Llc
Memphis Investmetn Properites Iii Llc $33,500 Closetrak Llc
Or Ravit -- None Available
Maya Ben Baruch $25,000 Preferred Title & Escrow Llc
Moore Edith C $3,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sagabaen Jonathan $60,800
Previous Owner Memphis Investmetn Properites Iii Llc $60,000
Previous Owner Hurt Earline $38,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2021 09/21/21 Sold $83,500 -1.8% $116 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $85,000 +153.7% $118 / Sq Ft
06/30/2021 06/30/21 Sold $33,500 -25.6% $47 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $45,000 +80.0% $63 / Sq Ft
04/12/2019 04/12/19 Sold $25,000 -13.8% $250 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
12/02/2018 12/02/18 Price Changed $29,000 -17.1% $290 / Sq Ft
10/25/2018 10/25/18 For Sale $35,000 -- $350 / 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 $407 $25,325 $1,525 $23,800
2024 $407 $12,000 $1,250 $10,750
2023 $731 $12,000 $1,250 $10,750
2022 $731 $12,000 $1,250 $10,750
2021 $218 $8,050 $1,250 $6,800
2020 $388 $5,350 $1,250 $4,100
2019 $171 $5,350 $1,250 $4,100
2018 $171 $5,350 $1,250 $4,100
2017 $175 $5,350 $1,250 $4,100
2016 $257 $5,875 $0 $0
2014 $257 $5,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10103678

Memphis Area Association of REALTORS®

APN: 07-2045-0-0048