NOT LISTED FOR SALE

488 Eastern Dr Memphis, TN 38122

East Memphis Neighborhood

Estimated Value: $173,061 - $213,000

3 Beds
1.5 Baths
1,400-1,599 Sq Ft
$118/Sq Ft Est. Value

Last Sold October 02, 2012

Last sale price $38,000 $24 Per Sq Ft

Est. 396% increase in value since last sale

Current estimated payment $1,175/month

22 Days on Market

Highlights

  • Two Primary Bathrooms
  • Traditional Architecture
  • Den
  • White Station Middle Rated A-
  • Wood Flooring
  • Some Wood Windows

About This Home

As of October 2012

Take a look at the multiple photos and virtual tour of this property. This is HUD Home Case #482-387386 and is being offered in as is condition. Visit www.hudpemco for more information. This 3bedroom home offers space galore! Must see!

Last Agent to Sell the Property

Greg Glosson

Fast Track Realty, LLC License #262724 Listed on: 08/29/2012

Co-Listed By

Elizabeth Glosson

Fast Track Realty, LLC License #282986

Last Buyer's Agent

Deidre Hudson

HelloHome License #322192

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Vinyl Siding
  • Pier And Beam

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,525 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Some Wood Windows
  • Living Room with Fireplace
  • Dining Room
  • Den

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Two Primary Bathrooms

Parking

  • 2 Car Detached Garage
  • Driveway

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Jer Del Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055004 00035

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: HIGH POINT TERRACE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1525
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, 2 Full Primary Baths
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, In Living Room
  • Floors/Ceilings: Part Hardwood, Tile, Vinyl Floor
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Cable Wired
  • Living Dining Kitchen: Separate Living Room, Pantry
  • Number Of Fireplaces: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Wood/Composition, Vinyl Siding
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2D
  • Parking Storage: Driveway/Pad

Utilities

  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 34
  • Acreage: 0.25
  • Lot Size: 0.25

Tax Info

  • Assessor Parcel Number: 055004 00035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2012
Sold by
Sipes Bobby and Sipes Deborah
Bought by
Secretary Of Housing & Urban Development
Current Estimated Value
$188,515

Purchase Details

Closed on
Jan 9, 2008
Sold by
Sipes Deborah and Sipes Bobby
Bought by
Sipes Bobby and Sipes Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,637
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2003
Sold by
Douglas Tanis Hackmeyer and Douglas Benjamin S
Bought by
Tacker Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2003
Sold by
Wilkes Fern M
Bought by
Douglas Benjamin S and Douglas Tanis Hackmeyer
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
Secretary Of Housing & Urban Development $151,506 None Available
Sipes Bobby -- Kel Title Ins Agency Inc
Tacker Deborah $100,000 --
Douglas Benjamin S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sipes Bobby $144,637
Previous Owner Tacker Deborah $80,000
Closed Tacker Deborah $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2012 10/02/12 Sold $38,000 +8.6% $27 / Sq Ft
09/20/2012 09/20/12 Pending -- -- --
08/29/2012 08/29/12 For Sale $35,000 -- $25 / 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 -- $41,300 $8,100 $33,200
2024 -- $36,125 $8,100 $28,025
2023 $2,201 $36,125 $8,100 $28,025
2022 $2,201 $36,125 $8,100 $28,025
2021 $2,226 $36,125 $8,100 $28,025
2020 $1,764 $24,350 $1,525 $22,825
2019 $1,764 $24,350 $1,525 $22,825
2018 $1,764 $24,350 $1,525 $22,825
2017 $1,001 $24,350 $1,525 $22,825
2016 $862 $19,725 $0 $0
2014 $862 $19,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Glosson

    Seller's Agent in 2012

    Greg Glosson

    Fast Track Realty, LLC

    (901) 550-3633

    1 in this area

    13 Total Sales

    Greg Glosson
    Section Image
  • Elizabeth Glosson

    Seller Co-Listing Agent in 2012

    Elizabeth Glosson

    Fast Track Realty, LLC

    (901) 336-8103

    19 in this area

    197 Total Sales

    Elizabeth Glosson
    Section Image

  • D

    Buyer's Agent in 2012

    Deidre Hudson

    HelloHome

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3255160

Memphis Area Association of REALTORS®

APN: 05-5004-0-0035

Tennessee Shelby County Memphis 38117 East Memphis

488 Eastern Dr, Memphis, TN

Not Listed for Sale

Detached

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