NOT LISTED FOR SALE

Estimated Value: $194,316 - $221,000

5 Beds
3 Baths
1,800-1,999 Sq Ft
$103/Sq Ft Est. Value

Last Sold November 16, 2015

Last sale price $109,900 $55 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,190/month

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Eat-In Kitchen
  • Wood Flooring
  • Den
  • Two cooling system units

About This Home

As of November 2015

PROPERTY CURRENTLY UNDER RENOVATION. NO SHOWINGS. PLEASE CALL LIST AGENT FOR MORE INFO. SEE ATTACHMENTS FOR SCOPE OF WORK. PROPERTY IS RENTED AND TO BE SOLD AS INVESTMENT. PROPERTY OCCUPIED BY TENANT WITH TENANTS RIGHTS.

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 08/13/2015

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,175

Year Built

  • Built in 1955

Lot Details

  • 0.26 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,936 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Combination Dining and Living Room
  • Den
  • Iron Doors
  • Eat-In Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • 220 Volts

Community Details

  • Graceland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 078060 00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,175

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 764B
  • MAAR Subdivision Name: GRACELAND
  • List Price Per Sq Ft: 57
  • Number Of Stories: 1
  • Price Per Sq Ft: 56.77
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1936
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 5
  • Bedrooms Down: 5
  • Floors/Ceilings: Hardwood Throughout, Tile
  • Full Bathrooms: 3
  • Living Dining Kitchen: Separate Den, LR/DR Combination, Eat-In Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 3

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s), Dual System, 220 Wiring
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 1027
  • Acreage: 0.26
  • Lot Size: 11619
  • Price Per Acre: 422692

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 078060 00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2015
Closed on
Oct 29, 2015
Sold by
Memphis Invest Gp
Bought by
Merill Cyrus Benjamin and Morton Melinda Mae
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$109,900
Sold Price
$109,900
Current Estimated Value
$205,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,179
Avg. Annual Appreciation
6.50%
Original Mortgage
$82,400
Outstanding Balance
$65,031
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$140,048

Purchase Details

Listed on
Apr 18, 2015
Closed on
Aug 13, 2015
Sold by
Castro Julian
Bought by
Memphis Invest Gp
Seller's Agent
Crystal Mitchell
Crye-Leike Inc., REALTORS
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$55,000
Sold Price
$49,300
Premium/Discount to List
-$5,700
-10.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2082.94%

Purchase Details

Closed on
Mar 23, 2015
Sold by
Shelton Roy Lee and Shelton Alma S
Bought by
Secretary Of Hud

Purchase Details

Closed on
Jul 21, 1999
Sold by
Drewry Charles W
Bought by
Shelton Roy Lee and Shelton Alma S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,446
Interest Rate
7.66%
Mortgage Type
FHA
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
Merill Cyrus Benjamin $109,900 Attorney
Memphis Invest Gp $49,300 Attorney
Secretary Of Hud $62,400 None Available
Shelton Roy Lee $88,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merill Cyrus Benjamin $82,400
Previous Owner Shelton Roy Lee $88,446
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2015 11/16/15 Sold $109,900 0.0% $61 / Sq Ft
08/14/2015 08/14/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $109,900 +122.9% $61 / Sq Ft
08/12/2015 08/12/15 Sold $49,300 -10.4% $27 / Sq Ft View Prior Sale
07/20/2015 07/20/15 Pending -- -- --
04/18/2015 04/18/15 For Sale $55,000 -- $31 / 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 $1,175 $50,750 $5,350 $45,400
2024 $1,175 $34,675 $4,125 $30,550
2023 $2,112 $34,675 $4,125 $30,550
2022 $2,112 $34,675 $4,125 $30,550
2021 $2,137 $34,675 $4,125 $30,550
2020 $1,857 $25,625 $4,125 $21,500
2019 $1,857 $25,625 $4,125 $21,500
2018 $1,857 $25,625 $4,125 $21,500
2017 $1,053 $25,625 $4,125 $21,500
2016 $942 $21,550 $0 $0
2014 $942 $21,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9958965

Memphis Area Association of REALTORS®

APN: 07-8060-0-0006