NOT LISTED FOR SALE

494 Tikamthi Cove Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $128,000 - $167,610

3 Beds
2 Baths
1,400-1,599 Sq Ft
$91/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $150,000 $94 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $839/month

Highlights

  • Updated Kitchen
  • Some Wood Windows
  • Tile Flooring
  • Traditional Architecture
  • Living Room
  • Central Heating and Cooling System

About This Home

As of June 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1095 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 03/23/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $898

Year Built

  • Built in 1970

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 36x115
  • Level Lot

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,517 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Living Room
  • Dining Room
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Westwood Heights 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075117 00031

Home Details

Home Type

Single Family

Est. Annual Taxes

$898

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: WESTWOOD HEIGHTS 1ST ADD
  • List Price Per Sq Ft: 99
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1517
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 53
  • Acreage: 0.23
  • Lot Size: 36X115

Tax Info

  • Assessor Parcel Number: 075117 00031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2022
Closed on
Jun 6, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Patel Nikunj Ishwarbhal
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$150,000
Sold Price
$150,000
Current Estimated Value
$145,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,097
Avg. Annual Appreciation
-0.81%
Original Mortgage
$106,500
Outstanding Balance
$101,175
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$44,728

Purchase Details

Listed on
Jan 25, 2022
Closed on
Feb 25, 2022
Sold by
Burchett Tommy L
Bought by
Memphis Investment Properties
Seller's Agent
Barbara Burchett
TRG Real Estate Services, LLC
Buyer's Agent
Barbara Burchett
TRG Real Estate Services, LLC
List Price
$90,000
Sold Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
519.89%
Source: Public Records

Range of Values:

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Average Value
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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
Patel Nikunj Ishwarbhal $150,000 Delta Title Services
Memphis Investment Properties $90,000 Delta Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Nikunj Ishwarbhal $106,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2022 06/07/22 Sold $150,000 0.0% $107 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $150,000 +66.7% $107 / Sq Ft
02/25/2022 02/25/22 Sold $90,000 0.0% $64 / Sq Ft View Prior Sale
01/27/2022 01/27/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $90,000 -- $64 / 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 $898 $43,525 $2,575 $40,950
2024 $898 $26,500 $2,200 $24,300
2023 $1,614 $26,500 $2,200 $24,300
2022 $1,150 $18,875 $2,200 $16,675
2021 $651 $18,875 $2,200 $16,675
2020 $1,179 $16,275 $2,200 $14,075
2019 $520 $16,275 $2,200 $14,075
2018 $520 $16,275 $2,200 $14,075
2017 $532 $16,275 $2,200 $14,075
2016 $577 $13,200 $0 $0
2014 $577 $13,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    21 in this area

    395 Total Sales

    Jim Reedy
    Section Image

  • B

    Seller's Agent in 2022

    Barbara Burchett

    TRG Real Estate Services, LLC

    (901) 235-0844

    1 in this area

    8 Total Sales

    Barbara Burchett
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    21 in this area

    412 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10120443

Memphis Area Association of REALTORS®

APN: 07-5117-0-0031

Tennessee Shelby County Memphis 38109 Westwood

494 Tikamthi Cove, Memphis, TN

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