4775 Royal Elm Cove Memphis, TN 38128
Frayser Neighborhood
3
Beds
1
Bath
1,000-1,199
Sq Ft
6,098
Sq Ft Lot
About This Home
As of September 2024What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.
Last Agent to Sell the Property
CrestCore Realty MphsBrokerage License #286759 Listed on: 09/14/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 1974
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 56x115
Parking
- 1 Parking Space
Interior Spaces
- 1,000-1,199 Sq Ft Home
- 1,083 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Community Details
- Royal Ridge Sec B Subdivision
Listing and Financial Details
- Assessor Parcel Number 090002 00057
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2024
Closed on
Sep 17, 2024
Sold by
Lopez Darwin
Bought by
Sais Megan
Seller's Agent
Elizabeth Castillo
BEST Real Estate Company
Buyer's Agent
James Wachob
Foundation Property Management
List Price
$125,900
Sold Price
$125,500
Premium/Discount to List
-$400
-0.32%
Total Days on Market
34
Views
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,994
Avg. Annual Appreciation
-2.26%
Original Mortgage
$94,125
Outstanding Balance
$93,427
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$30,079
Purchase Details
Listed on
Sep 14, 2023
Closed on
Nov 27, 2023
Sold by
Martinez Mario
Bought by
Lopez Darwin
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Elizabeth Castillo
BEST Real Estate Company
List Price
$70,000
Sold Price
$60,000
Premium/Discount to List
-$10,000
-14.29%
Views
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
131.31%
Purchase Details
Listed on
Sep 14, 2023
Closed on
Oct 31, 2023
Sold by
Vb One Llc
Bought by
Martinez Mario
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Elizabeth Castillo
BEST Real Estate Company
List Price
$70,000
Sold Price
$60,000
Premium/Discount to List
-$10,000
-14.29%
Views
12
Purchase Details
Closed on
Sep 8, 2017
Sold by
Ct Amm B2 Llc
Bought by
P Fin I Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 19, 2014
Sold by
Guenther Hans J and Miller Ewell D
Bought by
Prager Property Owner 2 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Interest Rate
4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Aug 5, 2004
Sold by
Miller Ewell D
Bought by
Guenther Hans J and Miller Ewell D
Purchase Details
Closed on
May 24, 2004
Sold by
Miller Ewell D and Guenther Hans J
Bought by
Miller Ewell D
Purchase Details
Closed on
Feb 13, 2004
Sold by
Taylor Therial
Bought by
Miller Ewell D and Guenther Hans
Purchase Details
Closed on
Sep 17, 2001
Sold by
Potter Brian K
Bought by
Taylor Therial
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
11.75%
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,500 | Regency Title | |
| Quit Claim Deed | -- | Home & Farm Title Services | |
| Warranty Deed | $60,000 | Regency Title & Escrow | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $357,400 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Trustee Deed | $32,251 | -- | |
| Warranty Deed | $52,000 | Equity Title & Escrow Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $94,125 | New Conventional | |
| Previous Owner | $50,000,000 | Commercial | |
| Previous Owner | $7,410,000 | Commercial | |
| Previous Owner | $50,000,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $39,000 | No Value Available | |
| Closed | $7,800 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2024 09/17/24 | Sold | $125,500 | -0.3% | $126 / Sq Ft |
| 08/21/2024 08/21/24 | Pending | -- | -- | -- |
| 08/11/2024 08/11/24 | For Sale | $125,900 | +109.8% | $126 / Sq Ft |
| 11/01/2023 11/01/23 | Sold | $60,000 | +1.7% | $60 / Sq Ft |
| 10/18/2023 10/18/23 | Pending | -- | -- | -- |
| 10/05/2023 10/05/23 | Price Changed | $59,000 | -9.2% | $59 / Sq Ft |
| 09/27/2023 09/27/23 | Price Changed | $65,000 | -7.1% | $65 / Sq Ft |
| 09/14/2023 09/14/23 | For Sale | $70,000 | -- | $70 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | -- | $31,150 | $2,250 | $28,900 |
| 2024 | -- | $16,075 | $1,975 | $14,100 |
| 2023 | $979 | $16,075 | $1,975 | $14,100 |
| 2022 | $979 | $16,075 | $1,975 | $14,100 |
| 2021 | $1,164 | $16,075 | $1,975 | $14,100 |
| 2020 | $790 | $10,900 | $1,975 | $8,925 |
| 2019 | $348 | $10,900 | $1,975 | $8,925 |
| 2018 | $348 | $10,900 | $1,975 | $8,925 |
| 2017 | $357 | $10,900 | $1,975 | $8,925 |
| 2016 | $437 | $10,000 | $0 | $0 |
| 2014 | $437 | $10,450 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Castillo
E
Seller's Agent in 2024
Elizabeth Castillo
BEST Real Estate Company
(901) 497-4957
10 in this area
122 Total Sales
-
James Wachob
Buyer's Agent in 2024
James Wachob
Foundation Property Management
(901) 440-2037
77 in this area
611 Total Sales
-
Dean Harris
Seller's Agent in 2023
Dean Harris
CrestCore Realty MphsBrokerage
(901) 619-6170
205 in this area
1,417 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10156666
APN: 09-0002-0-0057
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