NOT LISTED FOR SALE

494 Fernwood Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $65,000 - $109,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$55/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $43,000 $27 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $495/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Double Vanity
  • Central Heating and Cooling System
  • Wood Flooring
  • Burglar Security System
  • Combination Dining and Living Room

About This Home

As of July 2020

GREAT STARTER HOME. Great price, a deal for the asking price. You really must SEE.

Last Agent to Sell the Property

Donita Ingram-Brim

Doorstep Realty License #321328 Listed on: 06/29/2020

Last Buyer's Agent

Cassandra Bell-Warren

4 Success Realty, LLC License #289692

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $425

Year Built

  • Built in 1949

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 55x184
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,600 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Double Vanity

Home Security

  • Burglar Security System
  • Iron Doors

Parking

  • 1 Car Garage
  • Front Facing Garage

Utilities

  • Central Heating and Cooling System

Community Details

  • Philsar Blk E Subdivision

Listing and Financial Details

  • Assessor Parcel Number 049017 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$425

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PHILSAR BLK E
  • List Price Per Sq Ft: 31
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1600
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Double Vanity Bath
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: LR/DR Combination

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Burglar Alarm

Lot Info

  • Lot Description: Level
  • Lot Number: 160
  • Acreage: 0.22
  • Lot Size: 55X184

Tax Info

  • Assessor Parcel Number: 049017 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Jul 24, 2020
Sold by
Freeman Grace B
Bought by
Alpha Property Solutions Llc
Seller's Agent
Donita Ingram-Brim
Doorstep Realty
Buyer's Agent
Cassandra Bell-Warren
4 Success Realty, LLC
List Price
$49,900
Sold Price
$43,000
Premium/Discount to List
-$6,900
-13.83%
Current Estimated Value
$87,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,756
Avg. Annual Appreciation
14.50%
Source: Public Records

Range of Values:

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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
Alpha Property Solutions Llc $43,000 Realty Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2020 07/24/20 Sold $43,000 -13.8% $31 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $49,900 -- $36 / 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 $425 $19,025 $2,000 $17,025
2024 $425 $12,550 $1,125 $11,425
2023 $765 $12,550 $1,125 $11,425
2022 $765 $12,550 $1,125 $11,425
2021 $909 $12,550 $1,125 $11,425
2020 $763 $10,525 $1,125 $9,400
2019 $336 $10,525 $1,125 $9,400
2018 $336 $10,525 $1,125 $9,400
2017 $344 $10,525 $1,125 $9,400
2016 $477 $10,925 $0 $0
2014 $477 $10,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Donita Ingram-Brim

    Doorstep Realty

    1 in this area

    10 Total Sales

    Donita Ingram-Brim
    Section Image
  • Cassandra Bell-Warren

    Buyer's Agent in 2020

    Cassandra Bell-Warren

    4 Success Realty, LLC

    (981) 859-8562

    13 in this area

    130 Total Sales

    Cassandra Bell-Warren
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10079568

Memphis Area Association of REALTORS®

APN: 04-9017-0-0016

Tennessee Shelby County Memphis 38106 South Memphis

494 Fernwood Ave, Memphis, TN

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