NOT LISTED FOR SALE

2966 Cherry Rd Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $116,000 - $172,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$110/Sq Ft Est. Value

Last Sold July 24, 2019

Last sale price $84,250 $70 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $739/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of July 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: 06/07/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 7,841 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,136 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Winchester Heights Blk C Subdivision

Listing and Financial Details

  • Assessor Parcel Number 073059 00033

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: WINCHESTER HEIGHTS BLK C
  • List Price Per Sq Ft: 75
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1136
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • 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: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

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: Some Trees
  • Lot Number: 128
  • Acreage: 0.18
  • Lot Size: 8160

Tax Info

  • Assessor Parcel Number: 073059 00033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2020
Sold by
Macdonald Ryan Halston and Macdonald Ryan H
Bought by
Mip Real Investments Llc
Current Estimated Value
$131,768

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jul 23, 2019
Sold by
Memphis Investment Properties Ii Llc
Bought by
Macdonald Ryan Halston and Macdonald Ryan H
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$85,000
Sold Price
$84,250
Premium/Discount to List
-$750
-0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%
Original Mortgage
$66,800
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2019
Closed on
May 17, 2019
Sold by
Federal National Mortgage Association
Bought by
Memphis Investment Properties Ii Llc
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Kenneth Tate
Tate Realty and Construction
List Price
$45,000
Sold Price
$42,750
Premium/Discount to List
-$2,250
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2019
Sold by
Bates Early Mae
Bought by
Reverse Mortgage Solutions Inc
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
Mip Real Investments Llc -- None Available
Macdonald Ryan Halston $84,250 Delta Title Services Llc
Memphis Investment Properties Ii Llc $42,750 Skw Title Company Llc
Reverse Mortgage Solutions Inc $52,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macdonald Ryan Halston $66,800
Previous Owner Memphis Investment Properties Ii Llc $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2019 07/24/19 Sold $84,250 -0.9% $84 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $85,000 +98.8% $85 / Sq Ft
05/24/2019 05/24/19 Sold $42,750 0.0% $43 / Sq Ft View Prior Sale
05/09/2019 05/09/19 Pending -- -- --
05/06/2019 05/06/19 Price Changed $42,750 -5.0% $43 / Sq Ft
02/28/2019 02/28/19 For Sale $45,000 -- $45 / 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 $659 $29,650 $4,125 $25,525
2024 $659 $19,450 $2,875 $16,575
2023 $1,185 $19,450 $2,875 $16,575
2022 $1,185 $19,450 $2,875 $16,575
2021 $671 $19,450 $2,875 $16,575
2020 $938 $12,950 $2,875 $10,075
2019 $414 $12,950 $2,875 $10,075
2018 $414 $12,950 $2,875 $10,075
2017 $424 $12,950 $2,875 $10,075
2016 $548 $12,550 $0 $0
2014 $548 $12,550 $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

    23 in this area

    338 Total Sales

    Jim Reedy
    Section Image

  • C

    Seller's Agent in 2019

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    33 Total Sales

    Carol Tate
    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    23 in this area

    353 Total Sales

    Bradley Reedy
    Section Image

  • K

    Buyer's Agent in 2019

    Kenneth Tate

    Tate Realty and Construction

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10054488

Memphis Area Association of REALTORS®

APN: 07-3059-0-0033

Tennessee Shelby County Memphis 38118 Parkway Village

2966 Cherry Rd, Memphis, TN

Not Listed for Sale

Detached

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