NOT LISTED FOR SALE

264 Patterson St Memphis, TN 38111

East Memphis Neighborhood

Estimated Value: $265,000 - $337,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$165/Sq Ft Est. Value

Sale Details

Date Sold: April 13, 2020

Last sale price $225,000 $125 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,751 / mo

37 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Traditional Architecture
  • Separate Formal Living Room
  • White Station High Rated A
  • Wood Flooring
  • Den

About This Home

As of April 2020

Charming Fixer Upper with tons of potential. Make this your own fixer upper or this is a perfect investment opportunity. Steps away from the University of Memphis makes this the perfect rental, Air BnB, or Starter home. Original Hardwoods are in great condition. Schedule your showing today!

Last Agent to Sell the Property

Matt Wallace

REMAX Experts License #338273 Listed on: 02/22/2020

REMAX Experts

Last Buyer's Agent

Jeffrey Britt

REMAX Experts License #329299

REMAX Experts

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1944

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,618 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Den

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway
  • On-Street Parking

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Patterson Terrace Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 044057 00024

Home Details

Home Type

Single Family

Year Built

Built in 1944

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PATTERSON TERRACE
  • List Price Per Sq Ft: 145
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1618
  • Year Built: 1944
  • 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
  • Bedroom 2 Description: Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den
  • Number Of Fireplaces: 2
  • P R I M A R Y B E D R O O M: Fireplace

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad, On-Street Parking

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 13
  • Acreage: 0.21
  • Lot Size: 62.48/60 X 146.4/163.7

Tax Info

  • Assessor Parcel Number: 044057 00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2020
Closed on
Apr 13, 2020
Sold by
Chow Martin H
Bought by
Pacello Kerri Margaret
Seller's Agent
Matt Wallace
REMAX Experts
Buyer's Agent
Jeffrey Britt
REMAX Experts
List Price
$249,000
Sold Price
$225,000
Premium/Discount to List
-$24,000
-9.64%
Current Estimated Value
$296,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,279
Avg. Annual Appreciation
4.73%
Original Mortgage
$168,750
Outstanding Balance
$148,921
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$147,358

Purchase Details

Listed on
Oct 20, 2017
Closed on
Dec 29, 2017
Sold by
Mahood Harry R and Mahood Ramona M
Bought by
Chow Martin H
Seller's Agent
Sheldon Rosengarten
Marx-Bensdorf, REALTORS
Buyer's Agent
Richard Scarbrough
BEST Real Estate Company
List Price
$199,900
Sold Price
$150,000
Premium/Discount to List
-$49,900
-24.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.37%
Original Mortgage
$47,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
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
Pacello Kerri Margaret $225,000 Saddle Creek Title Llc
Chow Martin H $150,000 Delta Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pacello Kerri Margaret $168,750
Previous Owner Chow Martin H $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2020 04/13/20 Sold $225,000 -4.3% $141 / Sq Ft
03/30/2020 03/30/20 Pending -- -- --
03/13/2020 03/13/20 Price Changed $235,000 -3.7% $147 / Sq Ft
03/10/2020 03/10/20 Price Changed $244,000 -2.0% $153 / Sq Ft
02/22/2020 02/22/20 For Sale $249,000 +66.0% $156 / Sq Ft
12/29/2017 12/29/17 Sold $150,000 -25.0% $94 / Sq Ft View Prior Sale
12/04/2017 12/04/17 Pending -- -- --
10/20/2017 10/20/17 For Sale $199,900 -- $125 / 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 $2,029 $66,475 $10,600 $55,875
2024 $2,029 $59,850 $10,800 $49,050
2023 $3,646 $59,850 $10,800 $49,050
2022 $3,646 $59,850 $10,800 $49,050
2021 $3,689 $59,850 $10,800 $49,050
2020 $2,989 $41,250 $10,800 $30,450
2019 $1,318 $41,250 $10,800 $30,450
2018 $1,318 $41,250 $10,800 $30,450
2017 $1,349 $41,250 $10,800 $30,450
2016 $1,507 $34,475 $0 $0
2014 $1,507 $34,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt Wallace

    Seller's Agent in 2020

    Matt Wallace

    RE/MAX

    (901) 800-9406

    9 in this area

    88 Total Sales

    Matt Wallace
    Section Image
  • Jeffrey Britt

    Buyer's Agent in 2020

    Jeffrey Britt

    RE/MAX

    (901) 283-5198

    12 in this area

    80 Total Sales

    Jeffrey Britt
    Section Image
  • Sheldon Rosengarten

    Seller's Agent in 2017

    Sheldon Rosengarten

    Marx-Bensdorf, REALTORS

    (901) 755-5222

    39 in this area

    187 Total Sales

    Sheldon Rosengarten
    Section Image
  • Kelly Erb

    Seller Co-Listing Agent in 2017

    Kelly Erb

    Marx-Bensdorf, REALTORS

    (901) 355-3830

    38 in this area

    116 Total Sales

    Kelly Erb
    Section Image

  • R

    Buyer's Agent in 2017

    Richard Scarbrough

    BEST Real Estate Company

    (901) 753-3491

    5 Total Sales

    Richard Scarbrough
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10071426

Memphis Area Association of REALTORS®

APN: 04-4057-0-0024

Tennessee Shelby County Memphis 38111 East Memphis

264 Patterson St, Memphis, TN

Not Listed for Sale

Detached

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