4936 Busy Cove Memphis, TN 38125
Southern Shelby County NeighborhoodEstimated Value: $225,000 - $260,000
3
Beds
2
Baths
1,400-1,599
Sq Ft
$150/Sq Ft
Est. Value
Highlights
- Updated Kitchen
- 1 Fireplace
- Some Wood Windows
- Traditional Architecture
- Den
- Tile Flooring
About This Home
As of February 2020Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1295 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,365
Year Built
- Built in 2004
Lot Details
- 6,970 Sq Ft Lot
- Few Trees
Home Design
- Traditional Architecture
- Composition Shingle Roof
Interior Spaces
- 1,400-1,599 Sq Ft Home
- 1,517 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Some Wood Windows
- Den
- Iron Doors
- Updated Kitchen
Flooring
- Partially Carpeted
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Central Heating and Cooling System
Community Details
- Shelby Woodlands Pd Ph Vi Pt Par D & E Subdivision
Listing and Financial Details
- Assessor Parcel Number D0256T G00006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 31, 2020
Sold by
Morris James
Bought by
Calm Water Invcestments Llc
Total Days on Market
0
Current Estimated Value
Purchase Details
Listed on
Jan 21, 2020
Closed on
Feb 20, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
Morris James and Morris Nancy
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$164,900
Sold Price
$164,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$131,920
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 21, 2020
Closed on
Jan 3, 2020
Sold by
Nolan Kevin J and Nolan H D
Bought by
Memphis Investment Properties Ii Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$164,900
Sold Price
$164,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,920
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 20, 2011
Closed on
Mar 8, 2012
Sold by
Burton Eddie and Burton Jennifer
Bought by
Nolan Kevin J and Nolan D
Seller's Agent
Sheldon Rosengarten
Marx-Bensdorf, REALTORS
Buyer's Agent
Crystal Mitchell
Crye-Leike Inc., REALTORS
List Price
$139,900
Sold Price
$115,000
Premium/Discount to List
-$24,900
-17.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.63%
Purchase Details
Closed on
Jun 25, 2008
Sold by
Burton Eddie
Bought by
Burton Eddie and Burton Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,680
Interest Rate
5.96%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Apr 28, 2005
Sold by
Bowden Building Corp
Bought by
Burton Eddie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,808
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 1, 2004
Sold by
Shelby Developers Llc
Bought by
Bowden Building Corp
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Similar Homes in Memphis, TN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Calm Water Invcestments Llc | -- | None Available | |
| Morris James | $164,900 | Delta Title Services Llc | |
| Memphis Investment Properties Ii Llc | $116,000 | Close Trak Closing & Ttl Svc | |
| Nolan Kevin J | $115,000 | Realty Title & Escrow Llc | |
| Burton Eddie | -- | First National Financial Tit | |
| Burton Eddie | $144,760 | -- | |
| Bowden Building Corp | $32,500 | Memphis Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Morris James | $131,920 | |
| Previous Owner | Memphis Investment Properties Ii Llc | $140,000 | |
| Previous Owner | Burton Eddie | $124,520 | |
| Previous Owner | Burton Eddie | $122,680 | |
| Previous Owner | Burton Eddie | $115,808 | |
| Closed | Burton Eddie | $28,952 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2020 02/21/20 | Sold | $164,900 | 0.0% | $118 / Sq Ft |
| 01/21/2020 01/21/20 | Pending | -- | -- | -- |
| 01/21/2020 01/21/20 | For Sale | $164,900 | +43.4% | $118 / Sq Ft |
| 03/08/2012 03/08/12 | Sold | $115,000 | -17.8% | $72 / Sq Ft |
| 02/11/2012 02/11/12 | Pending | -- | -- | -- |
| 10/20/2011 10/20/11 | For Sale | $139,900 | -- | $87 / 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 |
|---|---|---|---|---|
| 2024 | $1,365 | $40,275 | $8,500 | $31,775 |
| 2023 | $1,365 | $40,275 | $8,500 | $31,775 |
| 2022 | $1,365 | $40,275 | $8,500 | $31,775 |
| 2021 | $1,389 | $40,275 | $8,500 | $31,775 |
| 2020 | $1,130 | $27,900 | $8,500 | $19,400 |
| 2019 | $1,130 | $27,900 | $8,500 | $19,400 |
| 2018 | $1,130 | $27,900 | $8,500 | $19,400 |
| 2017 | $1,147 | $27,900 | $8,500 | $19,400 |
| 2016 | $1,093 | $25,000 | $0 | $0 |
| 2014 | $1,093 | $25,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Reedy
Seller's Agent in 2020
Jim Reedy
Reedy & Company, REALTORS
(901) 842-0805
6 in this area
486 Total Sales
-
Bradley Reedy
B
Buyer's Agent in 2020
Bradley Reedy
Reedy & Company, REALTORS
(901) 842-0805
6 in this area
504 Total Sales
-
Sheldon Rosengarten
Seller's Agent in 2012
Sheldon Rosengarten
Marx-Bensdorf, REALTORS
(901) 755-5222
11 in this area
212 Total Sales
-
Crystal Mitchell
Buyer's Agent in 2012
Crystal Mitchell
Crye-Leike
(901) 461-6828
2 in this area
41 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10069400
APN: D0-256T-G0-0006
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