NOT LISTED FOR SALE

Estimated Value: $109,000 - $125,000

3 Beds
2 Baths
1,056 Sq Ft
$110/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $100,000 $95 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $698/month

73 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Central Heating and Cooling System
  • Wood Flooring
  • Covered Patio or Porch
  • Ceiling Fan

About This Home

As of January 2023

An amazing investor opportunity! PLEASE DO NOT DISTURB TENANT(S). This is such a tranquil 3 bedroom, 2 full bathroom rental property only 7 minutes from The University Of Memphis! There is a mini pond in the backyard and lots of serene outdoor space. Carpet in all bedrooms but perfectly good hardwood floors underneath. The seller is including a washing machine, dryer and refrigerator in the sale. The current tenant is paying $925/month & the lease expires April 2023.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,072

Year Built

  • Built in 1954

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 63x125

Parking

  • Parking Pad

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Energy-Efficient Doors
  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Cherry Garden Sec D Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 058147 00029

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,072

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1954
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Refrigerator, Dryer, Washer
  • Fireplace: No
  • Flooring: Carpet, Wood, Tile
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Covered, Porch
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Pad

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector(s)
  • Utilities: Water Available

Condo/Co-op/Association

  • Amenities: Sidewalks
  • Association: No
  • Senior Community: No

Green Features

  • Efficiency: Doors

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size: 63X125
  • Lot Size Units: Acres
  • Parcel #: 058147 00029
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1072
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2022
Closed on
Jan 18, 2023
Sold by
Innovative Real Estate Investments Llc
Bought by
6509 Holdings Llc
List Price
$125,900
Sold Price
$100,000
Premium/Discount to List
-$25,900
-20.57%
Views
21
Current Estimated Value
$116,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,211
Avg. Annual Appreciation
5.59%
Original Mortgage
$105,000
Outstanding Balance
$101,578
Interest Rate
6.31%
Mortgage Type
Credit Line Revolving
Estimated Equity
$14,633

Purchase Details

Listed on
Nov 1, 2022
Closed on
Jan 11, 2023
Sold by
Miller Davartia and Miller Jalisa
Bought by
Innovative Real Estate Investments Llc
List Price
$125,900
Sold Price
$100,000
Premium/Discount to List
-$25,900
-20.57%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Outstanding Balance
$101,578
Interest Rate
6.31%
Mortgage Type
Credit Line Revolving
Estimated Equity
$14,633

Purchase Details

Listed on
Jul 18, 2018
Closed on
Sep 10, 2018
Sold by
Nokes Phyllis
Bought by
Nokes Steve
Seller's Agent
Paige Arnold
Crye-Leike, Inc., REALTORS
Buyer's Agent
Lisa Thomas
BEST Real Estate Company
List Price
$69,900
Sold Price
$55,900
Premium/Discount to List
-$14,000
-20.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.31%
Original Mortgage
$54,223
Interest Rate
4.6%
Mortgage Type
New Conventional
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
6509 Holdings Llc $105,500 Haven Title
Innovative Real Estate Investments Llc $100,000 --
Nokes Steve $55,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 6509 Holdings Llc $105,000
Previous Owner Nokes Steve $54,223
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2023 01/13/23 Sold $100,000 -20.6% $95 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
11/01/2022 11/01/22 For Sale $125,900 +125.2% $119 / Sq Ft
09/10/2018 09/10/18 Sold $55,900 -20.0% $56 / Sq Ft View Prior Sale
07/24/2018 07/24/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $69,900 -- $70 / Sq Ft
Source: Realtracs

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 -- $30,150 $5,000 $25,150
2024 -- $17,400 $2,850 $14,550
2023 $1,060 $17,400 $2,850 $14,550
2022 $1,060 $17,400 $2,850 $14,550
2021 $600 $17,400 $2,850 $14,550
2020 $1,094 $15,100 $2,600 $12,500
2019 $483 $15,100 $2,600 $12,500
2018 $483 $15,100 $2,600 $12,500
2017 $494 $15,100 $2,600 $12,500
2016 $668 $15,275 $0 $0
2014 $668 $15,275 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 3022056

Realtracs

APN: 05-8147-0-0029