NOT LISTED FOR SALE

4046 New Willow Rd Memphis, TN 38111

Colonial Acres Neighborhood

Estimated Value: $91,000 - $121,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $98,500 $70 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $580/month

Highlights

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

About This Home

As of October 2021

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $795 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: 07/12/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1946

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x165
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,296 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • East Memphis Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058102 00058

Home Details

Home Type

Single Family

Year Built

Built in 1946

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: EAST MEMPHIS PARK
  • List Price Per Sq Ft: 76
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1296
  • Year Built: 1946
  • 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 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms 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: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • 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

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 4
  • Acreage: 0.18
  • Lot Size: 50X165

Tax Info

  • Assessor Parcel Number: 058102 00058

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Oct 8, 2021
Sold by
Memphis Investment Properties Iii Llc
Bought by
Caraway Suzanne Ellen
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$98,500
Sold Price
$98,500
Current Estimated Value
$104,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,617
Avg. Annual Appreciation
1.26%
Original Mortgage
$78,800
Outstanding Balance
$71,858
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$32,259

Purchase Details

Closed on
May 13, 2021
Sold by
Mcvay Billy G
Bought by
Memphis Investment Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2004
Sold by
Mcvay Norman
Bought by
Mcvay Billy G

Purchase Details

Closed on
Dec 9, 2004
Sold by
Walsh Eula Jean
Bought by
Mcvay Billy G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Caraway Suzanne Ellen $98,500 Delta Title Services Llc
Memphis Investment Properties Iii Llc $35,000 Closetrak Llc
Mcvay Billy G -- --
Mcvay Billy G -- --
Mcvay Billy G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caraway Suzanne Ellen $78,800
Previous Owner Memphis Investment Properties Iii Llc $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2021 10/12/21 Sold $98,500 0.0% $82 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $98,500 -- $82 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $462 $26,800 $1,975 $24,825
2024 $462 $13,625 $1,450 $12,175
2023 $830 $13,625 $1,450 $12,175
2022 $830 $13,625 $1,450 $12,175
2021 $208 $7,650 $1,450 $6,200
2020 $404 $5,575 $875 $4,700
2019 $178 $5,575 $875 $4,700
2018 $178 $5,575 $875 $4,700
2017 $182 $5,575 $875 $4,700
2016 $249 $5,700 $0 $0
2014 $249 $5,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2021

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    7 in this area

    310 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2021

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    7 in this area

    325 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10103816

Memphis Area Association of REALTORS®

APN: 05-8102-0-0058

Tennessee Shelby County Memphis 38111 Colonial Acres

4046 New Willow Rd, Memphis, TN

Not Listed for Sale

Detached

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