NOT LISTED FOR SALE

Estimated Value: $121,000 - $161,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$114/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $90,000 $75 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $776/month

Highlights

  • Updated Kitchen
  • Main Floor Primary Bedroom
  • Some Wood Windows
  • Traditional Architecture
  • Den
  • Tile Flooring

About This Home

As of March 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $865 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: 02/04/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • 8,712 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,096 Sq Ft Home
  • 1.5-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Cottonwood Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 073064 00020

Home Details

Home Type

Single Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: COTTONWOOD PARK
  • List Price Per Sq Ft: 82
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1096
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 1 Bath
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 1/2 Bath
  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 2
  • Bedroom 3 Description: Level 2
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • 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

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

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 253
  • Acreage: 0.2
  • Lot Size: 8710

Tax Info

  • Assessor Parcel Number: 073064 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2020
Sold by
Giddings Robert J and Giddings Karen T
Bought by
Memphis Tk Llc
Current Estimated Value
$137,134

Purchase Details

Listed on
Feb 4, 2020
Closed on
Mar 23, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
Giddings Robert J and Giddings Karen T
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$90,000
Sold Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.56%
Original Mortgage
$71,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2020
Sold by
E And R Real Estate Llc
Bought by
Memphis Investment Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2018
Sold by
Happy Rental Real Estate Llc
Bought by
E And R Real Estate Llc

Purchase Details

Closed on
May 2, 2016
Sold by
Keeler Angela Cornelio
Bought by
Keeler Angeles Cornelio and Angela Cornelio Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2016
Sold by
Keeler Angeles Cornelio
Bought by
Happy Rental Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2010
Sold by
Hardin Enterprises Inc
Bought by
Angela Cornelio Living Trust

Purchase Details

Closed on
Feb 1, 2010
Sold by
Hardin James
Bought by
Hardin Enterprises Inc

Purchase Details

Closed on
Jan 12, 2010
Sold by
Homesales Inc
Bought by
Hardin James

Purchase Details

Closed on
Nov 6, 2009
Sold by
Covington Linda J
Bought by
Homesales Inc

Purchase Details

Closed on
Apr 27, 2007
Sold by
Memphis Investment Properties Llc
Bought by
Covington Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,400
Interest Rate
10.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2006
Sold by
Coleman Ronald L and Coleman Jan S
Bought by
Hud
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Memphis Tk Llc -- None Available
Giddings Robert J $90,000 Delta Title Services Llc
Memphis Investment Properties Ii Llc $56,000 Close Trak Closing & Ttl Svc
E And R Real Estate Llc $67,000 Meridian Title Corp
Keeler Angeles Cornelio -- Delta Title Services Llc
Happy Rental Real Estate Llc $560,000 Delta Title Services Llc
Angela Cornelio Living Trust $72,353 None Available
Hardin Enterprises Inc -- None Available
Hardin James $25,700 Resource Title Agency Inc
Homesales Inc $33,642 None Available
Covington Linda J $94,900 None Available
Hud $44,450 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Giddings Robert J $71,000
Previous Owner Memphis Investment Properties Ii Llc $85,000
Previous Owner Happy Rental Real Estate Llc $448,000
Previous Owner Covington Linda J $85,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2020 03/24/20 Sold $90,000 0.0% $90 / Sq Ft
02/04/2020 02/04/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $90,000 -- $90 / 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 $703 $31,825 $4,125 $27,700
2024 $703 $20,750 $2,875 $17,875
2023 $1,264 $20,750 $2,875 $17,875
2022 $1,264 $20,750 $2,875 $17,875
2021 $716 $20,750 $2,875 $17,875
2020 $1,116 $15,400 $2,875 $12,525
2019 $492 $15,400 $2,875 $12,525
2018 $492 $15,400 $2,875 $12,525
2017 $504 $15,400 $2,875 $12,525
2016 $648 $14,825 $0 $0
2014 $648 $14,825 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10070281

Memphis Area Association of REALTORS®

APN: 07-3064-0-0020