NOT LISTED FOR SALE

Estimated Value: $100,000 - $116,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$76/Sq Ft Est. Value

Last Sold March 07, 2014

Last sale price $16,500 $12 Per Sq Ft

Est. 546% increase in value since last sale

Current estimated payment $621/month

Highlights

  • Traditional Architecture
  • Corner Lot
  • Central Heating and Cooling System
  • Separate Formal Living Room
  • 2 Car Attached Garage
  • Dining Room

About This Home

As of March 2014

GOOD RENTAL INCOME LOCATIOPN. 3-BEDROOM 1 BATH WITH (1243 SQ FT.) NEEDS REPAIRS . SELL AS-IS $2,000.00 EARNEST MONEY(CASHIERS CHECK) BANK COMMITMENT LETTER(PROOF OF FUNDS) FAX OFFERS TO 901-761-4716

Last Agent to Sell the Property

Tom Robinson

Cornerstone Real Estate, Inc. License #270144 Listed on: 09/03/2013

Last Buyer's Agent

Jay McMiller

RE/MAX Realty Group License #294350

RE/MAX Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $676

Year Built

  • Built in 1963

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,243 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Dining Room
  • Washer and Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Attached Garage
  • Carport
  • Front Facing Garage

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Stoney Acres Re Subdivision
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Assessor Parcel Number 072094 00112

Home Details

Home Type

Single Family

Est. Annual Taxes

$676

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 725E
  • MAAR Subdivision Name: STONEY ACRES
  • Corporate Own: Yes
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 13.27
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1243
  • Year Built: 1963
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wall to Wall Carpet, Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Washer/Dryer Connections
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Carpet

Exterior Features

  • Exterior Windows: Brick Veneer, Aluminum/Steel Siding

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central, Gas

Lot Info

  • Lot Description: Corner
  • Lot Number: 45
  • Acreage: 0.18
  • Lot Size: .18

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 072094 00112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2016
Sold by
Mid South Homebuyers Inc
Bought by
Desharnais Kecin G
Current Estimated Value
$106,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,750
Outstanding Balance
$36,654
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$70,013

Purchase Details

Closed on
Jul 14, 2016
Sold by
Homes Memphis Properties Llc
Bought by
Mid South Homebuyers Inc

Purchase Details

Closed on
Feb 25, 2015
Sold by
Alexander Properties Llc
Bought by
Holmes Memphis Properties Llc

Purchase Details

Closed on
Sep 22, 2014
Sold by
Southwest Property Partners Llc
Bought by
Alexander Properties Llc

Purchase Details

Listed on
Sep 3, 2013
Closed on
Feb 28, 2014
Sold by
Hsbc Bank Usa Na
Bought by
Southwest Property Partners Llc
Seller's Agent
Tom Robinson
Cornerstone Real Estate, Inc.
Buyer's Agent
Jay McMiller
RE/MAX Realty Group
List Price
$19,400
Sold Price
$16,500
Premium/Discount to List
-$2,900
-14.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.44%
Original Mortgage
$38,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 3, 2013
Closed on
Feb 20, 2014
Sold by
Federal National Mortgage Association
Bought by
Hsbc Bank Usa Na
Seller's Agent
Tom Robinson
Cornerstone Real Estate, Inc.
Buyer's Agent
Jay McMiller
RE/MAX Realty Group
List Price
$19,400
Sold Price
$16,500
Premium/Discount to List
-$2,900
-14.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2013
Sold by
Morris Dorothy and Morris Sylvester
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 15, 2007
Sold by
Gaskin Leonard E and Gaskin Joan P
Bought by
Morris Dorothy and Morris Sylvester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Desharnais Kecin G $61,000 Saddle Creek Title Llc
Mid South Homebuyers Inc $18,000 Saddle Creek Title
Holmes Memphis Properties Llc -- Saddle Creek Title Llc
Alexander Properties Llc -- None Available
Southwest Property Partners Llc $16,500 Saddle Creek Title
Hsbc Bank Usa Na -- Saddle Creek Title
Federal National Mortgage Association $63,704 None Available
Morris Dorothy $73,000 Accurate Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desharnais Kecin G $45,750
Previous Owner Southwest Property Partners Llc $38,000
Previous Owner Morris Dorothy $73,000
Closed Mid South Homebuyers Inc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2014 03/07/14 Sold $16,500 -14.9% $14 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
09/03/2013 09/03/13 For Sale $19,400 -- $16 / 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 $676 $27,725 $2,625 $25,100
2024 $676 $19,950 $2,025 $17,925
2023 $1,215 $19,950 $2,025 $17,925
2022 $1,215 $19,950 $2,025 $17,925
2021 $1,230 $19,950 $2,025 $17,925
2020 $1,136 $15,675 $2,025 $13,650
2019 $1,136 $15,675 $2,025 $13,650
2018 $1,136 $15,675 $2,025 $13,650
2017 $644 $15,675 $2,025 $13,650
2016 $598 $13,675 $0 $0
2014 $598 $13,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3288014

Memphis Area Association of REALTORS®

APN: 07-2094-0-0112