NOT LISTED FOR SALE

2836 Watson St Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $115,000 - $159,000

3 Beds
2 Baths
1,800-1,999 Sq Ft
$67/Sq Ft Est. Value

Last Sold March 06, 2019

Last sale price $88,500 $44 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $768/month

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Tile Flooring
  • Separate Formal Living Room
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of March 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $850 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: 01/17/2019

Last Buyer's Agent

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 01/17/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $765

Year Built

  • Built in 1967

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Wood Roof

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,837 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Iron Doors
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Colony Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 073022 00297

Home Details

Home Type

Single Family

Est. Annual Taxes

$765

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: COLONY PARK
  • List Price Per Sq Ft: 48
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1837
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • Primary Bathroom Description: Tile Floor
  • 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, Wood/Composition
  • Foundation: Slab
  • Roof: Wood/Shake

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 290
  • Acreage: 0.2
  • Lot Size: 9139

Tax Info

  • Assessor Parcel Number: 073022 00297

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2019
Closed on
Jan 23, 2019
Sold by
Memphis Investment Rental Properties Llc
Bought by
Memphis Investment Properties Ii Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Jim Reedy
Reedy & Company, REALTORS
List Price
$88,500
Sold Price
$88,500
Current Estimated Value
$134,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,093
Avg. Annual Appreciation
6.51%

Purchase Details

Listed on
Sep 5, 2018
Closed on
Nov 2, 2018
Sold by
Jbj Properties Llc
Bought by
Memphis Investment Rental Properties Llc
Seller's Agent
John Payne
Performance, REALTORS
Buyer's Agent
John Payne
Performance, REALTORS
List Price
$32,000
Sold Price
$34,000
Premium/Discount to List
$2,000
6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1325.83%
Original Mortgage
$45,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 5, 2018
Closed on
Oct 26, 2018
Sold by
Sheard Toni D
Bought by
Jbj Properties Llc
Seller's Agent
John Payne
Performance, REALTORS
Buyer's Agent
John Payne
Performance, REALTORS
List Price
$32,000
Sold Price
$34,000
Premium/Discount to List
$2,000
6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2018
Sold by
Memphis Investments Properties Ii Llc
Bought by
Sisson John Philip and Clemons Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,800
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2004
Sold by
Skyline Investment Corp
Bought by
Sheard Toni D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2003
Sold by
Thompson Casteens
Bought by
Skyline Investment Corp
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
Memphis Investment Properties Ii Llc -- Delta Title Services Llc
Memphis Investment Rental Properties Llc -- Delta Title Services Llc
Jbj Properties Llc $34,000 Delta Title Services Llc
Sisson John Philip $88,500 Delta Title Services Llc
Sheard Toni D $85,000 Title Enterprises Llc
Skyline Investment Corp $39,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jbj Properties Llc $45,000
Previous Owner Sisson John Philip $70,800
Previous Owner Sheard Toni D $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/06/2019 03/06/19 Sold $88,500 0.0% $49 / Sq Ft
01/17/2019 01/17/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $88,500 +160.3% $49 / Sq Ft
10/26/2018 10/26/18 Sold $34,000 +6.3% $19 / Sq Ft View Prior Sale
09/15/2018 09/15/18 Pending -- -- --
09/05/2018 09/05/18 For Sale $32,000 -- $18 / 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 $765 $35,450 $4,075 $31,375
2024 $765 $22,575 $3,000 $19,575
2023 $1,375 $22,575 $3,000 $19,575
2022 $1,698 $27,875 $3,000 $24,875
2021 $1,718 $27,875 $3,000 $24,875
2020 $1,406 $19,400 $3,000 $16,400
2019 $620 $19,400 $3,000 $16,400
2018 $620 $19,400 $3,000 $16,400
2017 $635 $19,400 $3,000 $16,400
2016 $753 $17,225 $0 $0
2014 $753 $17,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2019

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    399 Total Sales

    Jim Reedy
    Section Image
  • John Payne

    Seller's Agent in 2018

    John Payne

    Performance, REALTORS

    (901) 332-0715

    21 Total Sales

    John Payne
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10044263

Memphis Area Association of REALTORS®

APN: 07-3022-0-0297

Tennessee Shelby County Memphis 38118 Parkway Village

2836 Watson St, Memphis, TN

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