NOT LISTED FOR SALE

4702 Chip Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $233,967 - $264,000

4 Beds
2 Baths
1,400-1,599 Sq Ft
$156/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $233,500 $146 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,464/month

Highlights

  • Two Primary Bathrooms
  • Wood Flooring
  • Storage Room
  • Deck
  • Separate Formal Living Room
  • Central Heating and Cooling System

About This Home

As of August 2021

Rare find near University of Memphis in sought after neighborhood of Colonial Acres with big backyard and beautiful trees. 2 miles from University of Memphis. 4 Bedroom, 2 bath home with laundry room addition with w/d hookups. New roof and new hot water tank. Hardwood floors throughout and custom wood shutters in bedroom. Central heat & air, dishwasher, stove and refrigerator, ceiling fans, big fenced backyard with brick patio and storage shed.

Last Agent to Sell the Property

Daniel Demers

Sell Your Home Services, LLC License #358681 Listed on: 07/21/2021

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,663

Year Built

  • Built in 1951

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 70x140
  • Few Trees

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,456 Sq Ft Home
  • 2-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Storage Room
  • Washer and Dryer Hookup
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Two Primary Bathrooms
  • 2 Full Bathrooms

Home Security

  • Termite Clearance
  • Iron Doors

Additional Features

  • Deck
  • Central Heating and Cooling System

Community Details

  • Colonial Acres 1St Addn B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 065013 00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,663

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Ranch
  • Detached Unit Type: General Residential
  • MLS Map #: 759B
  • MAAR Subdivision Name: COLONIAL ACRES
  • List Price Per Sq Ft: 161
  • Number Of Stories: 2
  • Price Per Sq Ft: 160.37
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1456
  • Termite Contract: Yes
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, 2 Full Primary Baths, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 4
  • Bedrooms Down: 1
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Washer/Dryer Connections
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Deck
  • Exterior Windows: Brick Veneer, Vinyl Siding

Garage/Parking

  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 109
  • Acreage: 0.22
  • Lot Size: 70X140
  • Price Per Acre: 1068182

Multi Family

  • Number Of Rooms: 10

Tax Info

  • Assessor Parcel Number: 065013 00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Aug 13, 2021
Sold by
Burdick Shannon and Burdick Clara
Bought by
Rs Rental I Llc
Seller's Agent
Daniel Demers
Sell Your Home Services, LLC
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$235,000
Sold Price
$233,500
Premium/Discount to List
-$1,500
-0.64%
Current Estimated Value
$248,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,492
Avg. Annual Appreciation
1.56%

Purchase Details

Closed on
Jun 2, 2011
Sold by
Burdick Shannon L
Bought by
Burdick Shannon L and Burdick Clara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2008
Sold by
Vollmer Kathleen
Bought by
Burdick Shannon L

Purchase Details

Closed on
Mar 23, 2001
Sold by
Meyer Robert S and Meyer Lu A
Bought by
Burdick Shannon L and Fowler Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,485
Interest Rate
7.02%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Rs Rental I Llc $233,500 Summit Title & Escrow
Burdick Shannon L -- None Available
Burdick Shannon L -- None Available
Burdick Shannon L $91,200 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burdick Shannon L $89,250
Previous Owner Burdick Shannon L $90,485
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2021 08/13/21 Sold $233,500 -0.6% $167 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $235,000 -- $168 / 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 $1,663 $59,275 $11,250 $48,025
2024 $1,663 $49,050 $9,050 $40,000
2023 $2,988 $49,050 $9,050 $40,000
2022 $2,988 $49,050 $9,050 $40,000
2021 $1,331 $49,050 $9,050 $40,000
2020 $2,377 $32,800 $9,050 $23,750
2019 $1,048 $32,800 $9,050 $23,750
2018 $1,048 $32,800 $9,050 $23,750
2017 $1,073 $32,800 $9,050 $23,750
2016 $1,426 $32,625 $0 $0
2014 $1,426 $32,625 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Demers

    Seller's Agent in 2021

    Daniel Demers

    Sell Your Home Services, LLC

    (877) 893-6566

    4 in this area

    4,537 Total Sales

    Daniel Demers
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10104475

Memphis Area Association of REALTORS®

APN: 06-5013-0-0013

Tennessee Shelby County Memphis 38117 Colonial Acres

4702 Chip Rd, Memphis, TN

This home is located at 4702 Chip Rd, Memphis, TN 38117 since 21 July 2021 and is currently estimated at $248,992, approximately $155 per square foot. This property was built in 1951. 4702 Chip Rd is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and Overton High.

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