NOT LISTED FOR SALE

245 W Mitchell Rd Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $77,000 - $108,000

2 Beds
1.5 Baths
1,200-1,399 Sq Ft
$65/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $22,000 $16 Per Sq Ft

Est. 316% increase in value since last sale

Current estimated payment $505/month

159 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Central Heating and Cooling System
  • Breakfast Bar
  • Outdoor Storage
  • Level Lot

About This Home

As of September 2020

Attention investors! This property has been occupied by the same tenant who recently vacated after 15 years. Former tenant was paying $500 per month, but the house could rent for more with some clean up and repairs. The home has rustic mosaic tile flooring and features a large open kitchen/great room with breakfast bar seating. Very large master bedroom. Large backyard with storage shed and carport. Tax records indicate 1 and 1/2 baths, however the home has two full baths.

Last Agent to Sell the Property

Rick Paul

Crye-Leike, Inc., REALTORS License #348681 Listed on: 02/10/2020

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Rick Paul

Crye-Leike, Inc., REALTORS License #348681 Listed on: 02/10/2020

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,318 Sq Ft Home
  • 1-Story Property
  • Breakfast Bar

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

  • J E Walker Homes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075076 00004

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: J E WALKER HOMES
  • List Price Per Sq Ft: 27
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1318
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Breakfast Bar

Exterior Features

  • Misc Exterior: Storage Building
  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 34
  • Acreage: 0.17
  • Lot Size: 7,408

Tax Info

  • Assessor Parcel Number: 075076 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2021
Sold by
Murrell Larry D
Bought by
245 W Mitchell Road Trust and Smith
Current Estimated Value
$91,514

Purchase Details

Closed on
May 12, 2021
Sold by
Murrell Larry D and Murrell Larry
Bought by
Smith Scott Royal and 245 W Mitchell Road Trust

Purchase Details

Closed on
Dec 23, 2020
Sold by
Bonilla Andres
Bought by
Murrell Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2020
Closed on
Sep 11, 2020
Sold by
Mickiewicz Daniel J
Bought by
Bonilla Andres
Seller's Agent
Rick Paul
Crye-Leike, Inc., REALTORS
Buyer's Agent
Rick Paul
Crye-Leike, Inc., REALTORS
List Price
$35,900
Sold Price
$22,000
Premium/Discount to List
-$13,900
-38.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.73%
Original Mortgage
$48,775
Interest Rate
12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
245 W Mitchell Road Trust -- None Listed On Document
Smith Scott Royal -- None Available
Murrell Larry $77,500 None Available
Bonilla Andres $22,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murrell Larry $62,000
Previous Owner Bonilla Andres $48,775
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $22,000 -38.7% $18 / Sq Ft
07/18/2020 07/18/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $35,900 -- $30 / 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 $320 $20,450 $1,750 $18,700
2024 $320 $9,450 $1,275 $8,175
2023 $576 $9,450 $1,275 $8,175
2022 $576 $9,450 $1,275 $8,175
2021 $582 $9,450 $1,275 $8,175
2020 $712 $9,825 $1,275 $8,550
2019 $314 $9,825 $1,275 $8,550
2018 $314 $9,825 $1,275 $8,550
2017 $321 $9,825 $1,275 $8,550
2016 $454 $10,400 $0 $0
2014 $454 $10,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rick Paul

    Crye-Leike

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10070683

Memphis Area Association of REALTORS®

APN: 07-5076-0-0004

Tennessee Shelby County Memphis 38109 Westwood

245 W Mitchell Rd, Memphis, TN

Not Listed for Sale

Detached

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