NOT LISTED FOR SALE

4975 American Way Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $275,000

1.3 Acres
$211,538 Price per Acre
56,628 Sq Ft Lot

Sale Details

Date Sold: August 26, 2022

Last sale price $55,000

Est. 400% increase in value since last sale

Current estimated payment $1,789 / mo

226 Days on Market

About This Lot

As of August 2022

Vacant commercial lot excellent location 15000 daily traffic count, Priced well below tax appraisal

Last Agent to Sell the Property

Al Jennings

AJ Associates License #213342 Listed on: 12/02/2021

Last Buyer's Agent

Nichol Kirkland

Crye-Leike, Inc., REALTORS License #361470

Crye-Leike, Inc., REALTORS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Property Type

  • Land

Lot Details

  • 1.3 Acre Lot
  • Level Lot
  • Property is zoned Com

Location

  • City Lot

Community Details

  • Johns Creek Pd Phase 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074001 00214

Property Details

Property Type

Land

Lot Details

1.3 Acres

Listing Details

  • Class: Land
  • Type: Land
  • Location: City
  • MAAR Subdivision Name: JOHNS CREEK PH2
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved, Municipal

Utilities

  • Utilities: Electricity

Association/Amenities

  • Uses Of Adjacent Area: Commercial

Lot Info

  • Lot Number: 2
  • Acreage: 1.3
  • Lot Size: 1.30AC 326X173.5
  • Zoning: Com
  • Improvements: Curbs and Gutters
  • Present Usage: None/Vacant
  • Shape: Regular
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Commercial

Tax Info

  • Assessor Parcel Number: 074001 00214

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Aug 26, 2022
Sold by
Erick Claros
Bought by
Seller's Agent
Al Jennings
AJ Associates
Buyer's Agent
Nichol Kirkland
Crye-Leike, Inc., REALTORS
List Price
$70,000
Sold Price
$55,000
Premium/Discount to List
-$15,000
-21.43%
Current Estimated Value
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,000
Avg. Annual Appreciation
49.38%

Purchase Details

Closed on
May 25, 2016
Sold by
Pereyra Jorge
Bought by
Claros Erick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.58%
Mortgage Type
Unknown

Purchase Details

Closed on
May 28, 2015
Sold by
County Of Shelby
Bought by
Jp Investment Company

Purchase Details

Closed on
Nov 2, 2012
Sold by
Feenas Of Memphis Inc
Bought by
Shiv Of Memphis Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Parkway Village, TN

  • Julianne Carney Real Estate Agent - Keller Williams

    Julianne Carney

    Responds Quickly

    Keller Williams

    (901) 881-4147

    119 Total Sales

    4 in Parkway Village

    $125K - $245K Price Range

    Julianne Carney
     Section Image
  • Blake Clothier Real Estate Agent - Premier Realty Group, LLC

    Blake Clothier

    Premier Realty Group, LLC

    (901) 479-1611

    37 Total Sales

    5 in Parkway Village

    $108K - $201K Price Range

    Blake Clothier
     Section Image
  • Sherry Harbur Real Estate Agent - Harbur Realty

    Sherry Harbur

    Harbur Realty

    (901) 350-4118

    78 Total Sales

    5 in Parkway Village

    $109K - $213K Price Range

    Sherry Harbur
     Section Image
  • Petra Walker Real Estate Agent - KAIZEN Realty, LLC

    Petra Walker

    KAIZEN Realty, LLC

    (901) 422-9031

    155 Total Sales

    2 in Parkway Village

    $120K - $235K Price Range

    Petra Walker
     Section Image
  • Chasity Blackburn Real Estate Agent - Blackburn & Co

    Chasity Blackburn

    Blackburn & Co

    (930) 212-2596

    82 Total Sales

    1 in Parkway Village

    $180,000 Price

    Chasity Blackburn
     Section Image
  • Michelle Shaver-Simpson Real Estate Agent - Crye-Leike, Inc., REALTORS

    Michelle Shaver-Simpson

    Crye-Leike, Inc., REALTORS

    (901) 464-3556

    75 Total Sales

    1 in Parkway Village

    $132,000 Price

    Michelle Shaver-Simpson
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$55,000 --
Claros Erick $50,000 Erickson Title & Closing Llc
Jp Investment Company $4,500 None Available
Shiv Of Memphis Llc $1,170,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $3,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $55,000 -21.4% --
07/16/2022 07/16/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $70,000 0.0% --
12/09/2021 12/09/21 Pending -- -- --
12/02/2021 12/02/21 For Sale $70,000 -- --
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,345 $159,355 $36,021 $123,334
2025 $3,265 $156,231 $35,315 $120,916
2024 $3,265 $153,169 $34,623 $118,546
2023 $3,162 $150,167 $33,945 $116,222
2022 $3,134 $147,224 $33,280 $113,944
2021 $3,014 $144,338 $32,628 $111,710
2020 $2,901 $142,859 $32,294 $110,565
2019 $2,814 $140,059 $31,661 $108,398
2018 $2,763 $137,314 $31,041 $106,273
2017 $2,725 $134,623 $30,433 $104,190
2016 $2,586 $131,985 $29,837 $102,148
2015 $2,552 $130,003 $29,389 $100,614
2014 $2,135 $127,458 $28,814 $98,644
Source: Public Records

Agents Affiliated with this Home

  • AJ

    Seller's Agent in 2022

    Al Jennings

    AJ Associates

    (904) 759-1963

    1 in this area

    9 Total Sales

    Al Jennings
    Section Image

  • NK

    Buyer's Agent in 2022

    Nichol Kirkland

    Crye-Leike

    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10113571

Memphis Area Association of REALTORS®

APN: 07-4001-0-0214

Tennessee Shelby County Memphis 38118 Parkway Village

4975 American Way, 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.

Memphis Area Association of REALTORS® Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.