NOT LISTED FOR SALE

2858 Phyllis Cove Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $88,000 - $103,970

3 Beds
1 Bath
1,000-1,199 Sq Ft
$79/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $80,000 $67 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $543/month

18 Days on Market

About This Home

As of September 2023

What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 08/26/2023

Last Buyer's Agent

Gabrielle Rowe

eXp Realty, LLC License #353304

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $555

Year Built

  • Built in 1965

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 46x125

Parking

  • 1 Parking Space

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,101 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Cottonwood Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 073022 00144

Home Details

Home Type

Single Family

Est. Annual Taxes

$555

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: COTTONWOOD PARK
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1101
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1

Lot Info

  • Lot Number: 21
  • Acreage: 0.18
  • Lot Size: 46X125

Tax Info

  • Assessor Parcel Number: 073022 00144

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2023
Closed on
Sep 25, 2023
Sold by
Vb One Llc
Bought by
Innovative Real Estate Investments Llc
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Gabrielle Rowe
eXp Realty, LLC
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%
Views
30
Current Estimated Value
$94,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,993
Avg. Annual Appreciation
8.57%
Original Mortgage
$85,000
Outstanding Balance
$83,363
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$11,630

Purchase Details

Listed on
Oct 25, 2021
Closed on
Jan 13, 2022
Sold by
Kevin Lee
Bought by
Vb One Llc
Seller's Agent
Randall Weatherall
Memphis Metro Realty
Buyer's Agent
Lawson Roberts
KAIZEN Realty, LLC
List Price
$99,900
Sold Price
$93,000
Premium/Discount to List
-$6,900
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.48%

Purchase Details

Closed on
Dec 19, 2017
Sold by
Donna L Starnes
Bought by
Lee Kevin

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
3.93%
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
Innovative Real Estate Investments Llc $80,000 Haven Title
Vb One Llc $93,000 Total Title Services
Lee Kevin $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Innovative Real Estate Investments Llc $85,000
Previous Owner Lee Kevin $45,000
Previous Owner Lee Kevin --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2023 09/26/23 Sold $80,000 -5.9% $80 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
08/26/2023 08/26/23 For Sale $85,000 -8.6% $85 / Sq Ft
01/14/2022 01/14/22 Sold $93,000 -6.9% $93 / Sq Ft View Prior Sale
01/05/2022 01/05/22 Pending -- -- --
10/25/2021 10/25/21 For Sale $99,900 -- $100 / 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 $555 $24,025 $4,125 $19,900
2024 -- $16,375 $2,875 $13,500
2023 $998 $16,375 $2,875 $13,500
2022 $998 $16,375 $2,875 $13,500
2021 $1,186 $16,375 $2,875 $13,500
2020 $951 $13,125 $2,875 $10,250
2019 $419 $13,125 $2,875 $10,250
2018 $419 $13,125 $2,875 $10,250
2017 $429 $13,125 $2,875 $10,250
2016 $554 $12,675 $0 $0
2014 $554 $12,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2023

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    121 in this area

    1,439 Total Sales

    Dean Harris
    Section Image
  • Gabrielle Rowe

    Buyer's Agent in 2023

    Gabrielle Rowe

    eXp Realty, LLC

    (360) 241-4166

    10 in this area

    58 Total Sales

    Gabrielle Rowe
    Section Image
  • Randall Weatherall

    Seller's Agent in 2022

    Randall Weatherall

    Memphis Metro Realty

    (731) 487-5843

    10 in this area

    214 Total Sales

    Randall Weatherall
    Section Image

  • L

    Buyer's Agent in 2022

    Lawson Roberts

    KAIZEN Realty, LLC

    (614) 302-8248

    19 in this area

    183 Total Sales

    Lawson Roberts
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10155298

Memphis Area Association of REALTORS®

APN: 07-3022-0-0144

Tennessee Shelby County Memphis 38118 Parkway Village

2858 Phyllis Cove, Memphis, TN

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