NOT LISTED FOR SALE

4565 E Mallory Ave Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $161,794 - $189,000

3 Beds
1.5 Baths
1,400-1,599 Sq Ft
$107/Sq Ft Est. Value

Last Sold July 09, 2019

Last sale price $117,000 $73 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $972/month

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Some Wood Windows
  • Wooded Lot
  • Den
  • Tile Flooring

About This Home

As of July 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1,095 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: 06/07/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 8,712 Sq Ft Lot
  • Wooded Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,524 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Willowdale A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066045 00068

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 77
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1524
  • Year Built: 1955
  • 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: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Full Bathrooms: 1
  • Half 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

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Wooded
  • Lot Number: 111
  • Acreage: 0.2
  • Lot Size: 8825

Tax Info

  • Assessor Parcel Number: 066045 00068

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jul 4, 2019
Sold by
Memphis Investments Properties Ii Llc
Bought by
Jensen James
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$117,000
Sold Price
$117,000
Current Estimated Value
$171,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,449
Avg. Annual Appreciation
6.03%
Original Mortgage
$93,600
Outstanding Balance
$81,787
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$89,662

Purchase Details

Closed on
Mar 6, 2019
Sold by
Trimble James
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
$100,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 14, 2012
Closed on
Apr 4, 2013
Sold by
David Brent R and David Susan M
Bought by
Trimble James
Seller's Agent
Greg Renfrow
NextHome Cornerstone Realty
Buyer's Agent
Greg Renfrow
NextHome Cornerstone Realty
List Price
$55,000
Sold Price
$42,000
Premium/Discount to List
-$13,000
-23.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.63%
Original Mortgage
$33,600
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 1999
Sold by
Gabriel Norris R and Gabriel Earline W
Bought by
David Brent R and David Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,760
Interest Rate
7.79%
Mortgage Type
FHA
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
Jensen James $117,000 Delta Title Services Llc
Memphis Investment Properties Ii Llc $73,000 Close Track Closing & Title
Trimble James $41,891 None Available
David Brent R $78,800 Chicago Title
David Brent R $78,800 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jensen James $93,600
Previous Owner Memphis Investment Properties Ii Llc $100,000
Previous Owner Trimble James $33,600
Previous Owner David Brent R $78,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2019 07/09/19 Sold $117,000 0.0% $84 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $117,000 +178.6% $84 / Sq Ft
04/08/2013 04/08/13 Sold $42,000 -23.6% $30 / Sq Ft View Prior Sale
02/12/2013 02/12/13 Pending -- -- --
11/14/2012 11/14/12 For Sale $55,000 -- $39 / 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 $1,011 $41,825 $8,000 $33,825
2024 $1,011 $29,825 $4,425 $25,400
2023 $1,817 $29,825 $4,425 $25,400
2022 $1,817 $29,825 $4,425 $25,400
2021 $1,029 $29,825 $4,425 $25,400
2020 $1,442 $19,900 $4,425 $15,475
2019 $1,441 $19,900 $4,425 $15,475
2018 $636 $19,900 $4,425 $15,475
2017 $651 $19,900 $4,425 $15,475
2016 $816 $18,675 $0 $0
2014 $816 $18,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2019

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    9 in this area

    346 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    9 in this area

    361 Total Sales

    Bradley Reedy
    Section Image
  • Greg Renfrow

    Seller's Agent in 2013

    Greg Renfrow

    NextHome Cornerstone Realty

    (901) 560-6398

    1 in this area

    77 Total Sales

    Greg Renfrow
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10054717

Memphis Area Association of REALTORS®

APN: 06-6045-0-0068

Tennessee Shelby County Memphis 38117 Colonial Acres

4565 E Mallory Ave, Memphis, TN

Not Listed for Sale

Detached

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