NOT LISTED FOR SALE

494 Cherry Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $1,680,000 - $1,985,000

4 Beds
6 Baths
6,287 Sq Ft
$289/Sq Ft Est. Value

Sale Details

Date Sold: October 3, 2016

Last sale price $1,140,000 $181 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $10,523 / mo

Highlights

  • In Ground Pool
  • 1.41 Acre Lot
  • Wood Flooring
  • White Station High Rated A
  • Living Room with Fireplace
  • High Ceiling

About This Home

As of October 2016

Absolute perfection! Truly a beautiful private, gated estate complete w/lovely pool, tennis courts & profess landscaped & manicured grounds. Enter the circular drive into this immaculate custom built hm, designed by the finest Artisans in Mphs! Very gracious for entertaining w/every room imaginable-Big LR & DR, Kit w/Butler's pantry, Bfast area & Keeping Rm, French doors off Loggia, unbeliev upst Family Rm, 3 FP, huge MBR w/exercise, office & lux Ba, Screen porch & covered porch overlook yard.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,762

Year Built

  • Built in 1988

Lot Details

  • 1.41 Acre Lot
  • Irrigation

Parking

  • 3 Car Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Shingle Roof

Interior Spaces

  • 6,287 Sq Ft Home
  • Property has 3 Levels
  • Wet Bar
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • 3 Fireplaces
  • Washer Hookup

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity

Home Security

  • Home Security System
  • Security Gate
  • Intercom
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Malcolm Barboros Barboro Cherry Rd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 057012 00033C

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,762

Year Built

Built in 1988

Lot Details

1.41 Acres

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Year Built: 1988
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Walk-In Closet(s), Wet Bar, High Ceilings, Pantry, Built-in Features
  • Appliances: Ice Maker, Trash Compactor, Dishwasher, Disposal, Microwave, Refrigerator, Gas Range, Gas Oven
  • Fireplace Features: Living Room, Gas
  • Fireplace: Yes
  • Fireplaces: 3
  • Flooring: Carpet, Wood, Tile
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Building Area Units: Square Feet
  • Living Area: 6287
  • Living Area Units: Square Feet
  • Other Equipment: Irrigation System, Intercom

Exterior Features

  • Foundation Details: Slab
  • Other Structures: Tennis Court(s)
  • Patio And Porch Features: Patio, Covered
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Garage Faces Side, Circular Driveway
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Security: Fire Alarm, Security Gate, Security System, Smoke Detector(s)
  • Utilities: Natural Gas Available, Water Available, Cable Connected

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 1.41
  • Lot Size: 1.419 AC 61792 SF 150 X 412
  • Lot Size Units: Acres
  • Parcel #: 057012 00033C
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 20762

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2016
Closed on
Oct 3, 2016
Sold by
Griesbeck George M and Griesbeck Enid B
Bought by
Canale Christopher W and Canale Colleen M
List Price
$1,350,000
Sold Price
$1,140,000
Premium/Discount to List
-$210,000
-15.56%
Current Estimated Value
$1,813,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$673,935
Avg. Annual Appreciation
4.98%
Original Mortgage
$550,000
Outstanding Balance
$440,508
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$1,373,427
Source: Public Records
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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
Canale Christopher W $1,140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canale Christopher W $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2016 10/03/16 Sold $1,140,000 -15.6% $181 / Sq Ft
10/03/2016 10/03/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $1,350,000 -- $215 / Sq Ft
Source: Realtracs

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 $11,664 $430,175 $72,125 $358,050
2024 $11,664 $344,075 $72,125 $271,950
2023 $20,960 $344,075 $72,125 $271,950
2022 $20,960 $344,075 $72,125 $271,950
2021 $21,206 $344,075 $72,125 $271,950
2020 $19,870 $274,225 $72,125 $202,100
2019 $19,870 $274,225 $72,125 $202,100
2018 $19,870 $274,225 $72,125 $202,100
2017 $11,271 $274,225 $72,125 $202,100
2016 $11,677 $267,200 $0 $0
2014 $11,677 $267,200 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 3163322

Realtracs

APN: 05-7012-0-0033C

Tennessee Shelby County Memphis 38117 East Memphis

494 Cherry Rd, Memphis, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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