NOT LISTED FOR SALE

294 Elder Rd Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $73,000 - $91,000

3 Beds
1 Bath
788 Sq Ft
$101/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $64,250 $82 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $454/month

About This Home

INVESTORS ONLY!! DO NOT DISTURB TENANT. SFH Rented for $625/month, managed by a Local Professional Management Company. Lease expires 12/31/2021. Tenant moved in 1/01/2020. Renovated in November 2013, including: brand new AC, furnace, A-Coil. Tenant payment history and maintenance report available upon request.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2021
Closed on
Jan 20, 2022
Sold by
Ryan Newell
Bought by
Pierce Taylor
List Price
$74,900
Sold Price
$64,250
Premium/Discount to List
-$10,650
-14.22%
Current Estimated Value
$79,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,020
Avg. Annual Appreciation
5.73%
Original Mortgage
$51,400
Outstanding Balance
$47,439
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$31,831

Purchase Details

Listed on
Jul 31, 2013
Closed on
Sep 25, 2013
Sold by
Fannie Mae
Bought by
Mid South Homebuyers Inc
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Kenneth Tate
Tate Realty and Construction
List Price
$16,500
Sold Price
$16,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.73%

Purchase Details

Closed on
Jun 27, 2013
Sold by
Polk Joe L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 30, 2006
Sold by
Bruce Carlos D
Bought by
Polk Joe L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,972
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2006
Sold by
Mathis Teresa A
Bought by
Hud

Purchase Details

Closed on
Aug 23, 2001
Sold by
C & R Investments Inc
Bought by
Mathis Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,606
Interest Rate
7.18%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 1999
Sold by
Imc Mtg Company
Bought by
C & R Investments Inc

Purchase Details

Closed on
Jan 27, 1999
Sold by
Albert Lee
Bought by
Imc Mtg Company

Purchase Details

Closed on
May 25, 1995
Bought by
Albert Lee
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Pierce Taylor $64,250 Saddle Creek Title
Mid South Homebuyers Inc $16,500 None Available
Federal National Mortgage Association $41,893 None Available
Polk Joe L $27,900 None Available
Hud $70,556 None Available
Mathis Teresa A $46,500 --
C & R Investments Inc $18,250 --
Imc Mtg Company $16,800 --
Albert Lee $1,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierce Taylor $51,400
Previous Owner Polk Joe L $40,972
Previous Owner Mathis Teresa A $46,606
Closed Mathis Teresa A $2,998
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2022 01/21/22 Sold $64,250 -14.2% $82 / Sq Ft View Prior Sale
01/21/2022 01/21/22 Pending -- -- --
10/18/2021 10/18/21 For Sale $74,900 +353.9% $95 / Sq Ft
09/25/2013 09/25/13 Sold $16,500 0.0% $165 / Sq Ft View Prior Sale
08/08/2013 08/08/13 Pending -- -- --
07/31/2013 07/31/13 For Sale $16,500 -- $165 / Sq Ft

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 $470 $18,850 $1,600 $17,250
2024 $470 $13,850 $1,150 $12,700
2023 $844 $13,850 $1,150 $12,700
2022 $844 $13,850 $1,150 $12,700
2021 $854 $13,850 $1,150 $12,700
2020 $656 $9,050 $1,150 $7,900
2019 $289 $9,050 $1,150 $7,900
2018 $289 $9,050 $1,150 $7,900
2017 $296 $9,050 $1,150 $7,900
2016 $410 $9,375 $0 $0
2014 $268 $6,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    3 in this area

    35 Total Sales

    Carol Tate
    Section Image

  • K

    Buyer's Agent in 2013

    Kenneth Tate

    Tate Realty and Construction

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Map

Tennessee Shelby County Memphis 38109 Westwood

294 Elder Rd, Memphis, TN

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