NOT LISTED FOR SALE

2049 Pennel Cove Memphis, TN 38116

Whitehaven Neighborhood

Estimated Value: $159,000 - $195,000

4 Beds
2 Baths
1,600-1,799 Sq Ft
$99/Sq Ft Est. Value

Last Sold March 12, 2015

Last sale price $98,900 $55 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,044/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Level Lot
  • 1 Fireplace
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of March 2015

PROPERTY CURRENTLY UNDER RENOVATION. NO SHOWINGS. PLEASE CALL LIST AGENT FOR MORE INFO. SEE ATTACHMENTS FOR SCOPE OF WORK. PROPERTY IS RENTED AND TO BE SOLD AS INVESTMENT. PROPERTY OCCUPIED BY TENANT WITH TENANTS RIGHTS.

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 01/30/2015

Last Buyer's Agent

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 01/30/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $956

Year Built

  • Built in 1971

Lot Details

  • 0.35 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,653 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Separate Formal Living Room

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Holmesdale Heights Blk A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 079088 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$956

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 768G
  • MAAR Subdivision Name: HOLMESDALE HEIGHTS BLK A
  • List Price Per Sq Ft: 60
  • Number Of Stories: 1
  • Price Per Sq Ft: 59.83
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1653
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

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: 60
  • Acreage: 0.35
  • Lot Size: 45/85.26 X 122.10/114.04 + 119
  • Price Per Acre: 282571

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 079088 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2015
Closed on
Mar 11, 2015
Sold by
Memphis Invest Gp
Bought by
1Ps Asset Management Llc
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$98,900
Sold Price
$98,900
Current Estimated Value
$178,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,467
Avg. Annual Appreciation
6.03%
Original Mortgage
$139,350
Outstanding Balance
$52,158
Interest Rate
3.11%
Mortgage Type
Unknown
Estimated Equity
$130,781

Purchase Details

Listed on
Nov 19, 2014
Closed on
Jan 7, 2015
Sold by
U S Bank Trust Na
Bought by
Memphis Invest Gp
Seller's Agent
Ahmad Muhammad
M & M Realty, LLC
Buyer's Agent
Ahmad Muhammad
M & M Realty, LLC
List Price
$52,900
Sold Price
$48,000
Premium/Discount to List
-$4,900
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5448.74%
Original Mortgage
$600,000
Interest Rate
4.01%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 3, 2014
Sold by
Mays Hosca and Mays Ernestine S
Bought by
U S Bank Trust N A
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
1Ps Asset Management Llc $278,700 None Available
Memphis Invest Gp $48,000 None Available
U S Bank Trust N A $44,996 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1Ps Asset Management Llc $139,350
Closed 1Ps Asset Management Llc $139,350
Previous Owner Memphis Invest Gp $600,000
Previous Owner Mays Hosea $94,500
Previous Owner Mays Hosea $18,671
Previous Owner Mays Hosea $70,550
Previous Owner Mays Hosea $54,152
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2015 03/12/15 Sold $98,900 0.0% $62 / Sq Ft
02/02/2015 02/02/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $98,900 +106.0% $62 / Sq Ft
01/07/2015 01/07/15 Sold $48,000 -9.3% $30 / Sq Ft
12/09/2014 12/09/14 Pending -- -- --
11/19/2014 11/19/14 For Sale $52,900 -- $33 / 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 $956 $42,725 $6,550 $36,175
2024 $956 $28,200 $4,475 $23,725
2023 $1,718 $28,200 $4,475 $23,725
2022 $1,718 $28,200 $4,475 $23,725
2021 $1,738 $28,200 $4,475 $23,725
2020 $1,534 $21,175 $4,475 $16,700
2019 $1,534 $21,175 $4,475 $16,700
2018 $1,534 $21,175 $4,475 $16,700
2017 $870 $21,175 $4,475 $16,700
2016 $926 $21,200 $0 $0
2014 $926 $21,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mark Saller

    Reedy Group II, LLC

    Section Image

  • A

    Seller's Agent in 2015

    Ahmad Muhammad

    M & M Realty, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9944354

Memphis Area Association of REALTORS®

APN: 07-9088-0-0005

Tennessee Shelby County Memphis 38116 Whitehaven

2049 Pennel Cove, Memphis, TN

This home is located at 2049 Pennel Cove, Memphis, TN 38116 since 30 January 2015 and is currently estimated at $178,367, approximately $99 per square foot. This property was built in 1971. 2049 Pennel Cove is a home located in Shelby County with nearby schools including Oakshire Elementary School, Havenview Middle School, and Whitehaven High School.

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