NOT LISTED FOR SALE

407 Fairhope Rd Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $78,000 - $105,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$76/Sq Ft Est. Value

Last Sold June 06, 2023

Last sale price $66,500 $55 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $519/month

97 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Central Heating
  • Wood Flooring
  • Porch
  • Dining Room

About This Home

As of June 2023

CALLING ALL INVESTORS!! LOOKING TO PICK UP SOME GREAT PROPERTIES IN MEMPHIS WITH IMMEDIATE CASH FLOW?? THERE ARE A TOTAL OF 7 SINGLE FAMILY HOMES AVAILABLE FOR SALE AS A PACKAGE OR SOLD INDIVIDUALLY. THIS HOME IS CURRENTLY OCCUPIED WITH A LONG TERM TENANT at $858 MONTH. NEW ROOF AND SOME EXTERIOR REPAIRS WERE RECENTLY COMPLETED. PLEASE DO NOT DISTURB THE TENANT, DRIVE BY AND SUBMIT YOUR OFFER SUBJECT TO INSPECTION. SHOWINGS WILL BE SET UP WITH ACCEPTABLE OFFER. BEING SOLD "AS IS"

Last Agent to Sell the Property

Tonya Mosley

Diamond Properties, Inc. License #254530 Listed on: 03/01/2023

Last Buyer's Agent

LaJuana Miller

KAIZEN Realty, LLC License #309063

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 51x131
  • Level Lot

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,271 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Gas Cooktop

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Home Security

  • Fire and Smoke Detector
  • Iron Doors

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas

Additional Features

  • Porch
  • Ground Level

Community Details

  • J E Walker Homes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075087 00070

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: J E WALKER HOMES
  • List Price Per Sq Ft: 59
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1271
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Tile Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 1
  • Equipment: Gas Cooking
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Misc Interior: Smoke Detector(s)

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch
  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central, Gas
  • Security: Iron Door(s), Dead Bolt Lock(s)

Lot Info

  • Lot Description: Level
  • Lot Number: 472
  • Acreage: 0.16
  • Lot Size: 51X131

Tax Info

  • Assessor Parcel Number: 075087 00070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Jun 7, 2023
Sold by
Sterling Om Llc
Bought by
Herrnstadt Erez
Seller's Agent
Tonya Mosley
Diamond Properties, Inc.
Buyer's Agent
LaJuana Miller
KAIZEN Realty, LLC
List Price
$80,000
Sold Price
$66,500
Premium/Discount to List
-$13,500
-16.88%
Views
42
Current Estimated Value
$90,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,073
Avg. Annual Appreciation
13.74%

Purchase Details

Listed on
Feb 10, 2013
Closed on
Feb 14, 2013
Sold by
Lipford Eunice
Bought by
Sterling Om Llc
Seller's Agent
Casey Lipford
BenchMark REALTORS, LLC
Buyer's Agent
Casey Lipford
BenchMark REALTORS, LLC
List Price
$32,000
Sold Price
$32,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%

Purchase Details

Closed on
May 7, 2008
Sold by
Walker Boone Jannie
Bought by
Hud

Purchase Details

Closed on
Dec 9, 1997
Sold by
Hughley Austin P
Bought by
Boone Jannie Walker

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,456
Interest Rate
7.19%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Herrnstadt Erez $66,500 Edco Title & Closing Services
Sterling Om Llc $32,000 None Available
Hud $37,900 None Available
Boone Jannie Walker $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boone Jannie Walker $43,456
Closed Boone Jannie Walker $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2023 06/06/23 Sold $66,500 -11.3% $67 / Sq Ft
05/08/2023 05/08/23 Price Changed $75,000 -6.3% $75 / Sq Ft
03/01/2023 03/01/23 For Sale $80,000 +150.0% $80 / Sq Ft
02/15/2013 02/15/13 Sold $32,000 0.0% $27 / Sq Ft View Prior Sale
02/11/2013 02/11/13 Pending -- -- --
02/10/2013 02/10/13 For Sale $32,000 -- $27 / 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 -- $24,475 $1,650 $22,825
2024 $532 $15,700 $1,200 $14,500
2023 $956 $15,700 $1,200 $14,500
2022 $532 $15,700 $1,200 $14,500
2021 $968 $15,700 $1,200 $14,500
2020 $860 $11,875 $1,200 $10,675
2019 $860 $11,875 $1,200 $10,675
2018 $860 $11,875 $1,200 $10,675
2017 $488 $11,875 $1,200 $10,675
2016 $553 $12,650 $0 $0
2014 $553 $12,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tonya Mosley

    Diamond Properties, Inc.

    (901) 691-9878

    1 in this area

    25 Total Sales

    Tonya Mosley
    Section Image
  • LaJuana Miller

    Buyer's Agent in 2023

    LaJuana Miller

    KAIZEN Realty, LLC

    (901) 483-1393

    6 in this area

    196 Total Sales

    LaJuana Miller
    Section Image

  • C

    Seller's Agent in 2013

    Casey Lipford

    BenchMark REALTORS, LLC

    5 in this area

    27 Total Sales

    Casey Lipford
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10142982

Memphis Area Association of REALTORS®

APN: 07-5087-0-0070

Tennessee Shelby County Memphis 38109 Westwood

407 Fairhope Rd, Memphis, TN

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