NOT LISTED FOR SALE

4996 Cromwell Ave Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $152,000 - $179,835

3 Beds
2 Baths
1,400-1,599 Sq Ft
$104/Sq Ft Est. Value

Last Sold January 26, 2022

Last sale price $145,900 $91 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $978/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Living Room
  • Traditional Architecture
  • Some Wood Windows
  • Tile Flooring

About This Home

As of January 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 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: 12/11/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,083

Year Built

  • Built in 1973

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 70x125
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,526 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • 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

  • Cromwell Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074034 00148

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,083

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 772H
  • MAAR Subdivision Name: CROMWELL TERRACE
  • List Price Per Sq Ft: 96
  • Number Of Stories: 1
  • Price Per Sq Ft: 95.61
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1526
  • Year Built: 1973
  • 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
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • 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
  • Foundation: Slab
  • 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: Some Trees, Level
  • Lot Number: 4
  • Acreage: 0.2
  • Lot Size: 70X125
  • Price Per Acre: 729500

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 074034 00148

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2021
Closed on
Jan 26, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Fairman Kelly I D and Fairman Paul W
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$145,900
Sold Price
$145,900
Current Estimated Value
$166,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,059
Avg. Annual Appreciation
3.71%
Original Mortgage
$110,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 11, 2021
Closed on
Nov 29, 2021
Sold by
Regions Bank
Bought by
Memphis Investment Properties Iii Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$145,900
Sold Price
$145,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 6, 2020
Sold by
Pollini Janie
Bought by
Regions Bank
Source: Public Records

Range of Values:

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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
Fairman Kelly I D $145,900 Delta Title Services
Memphis Investment Properties Iii Llc $86,000 Closetrak
Regions Bank $63,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Memphis Investment Properties Iii Llc $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2022 01/26/22 Sold $145,900 0.0% $104 / Sq Ft
12/11/2021 12/11/21 Pending -- -- --
12/11/2021 12/11/21 For Sale $145,900 -- $104 / 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 $1,083 $50,525 $4,275 $46,250
2024 $1,083 $31,950 $3,550 $28,400
2023 $1,946 $31,950 $3,550 $28,400
2022 $1,345 $22,075 $3,550 $18,525
2021 $1,598 $22,075 $3,550 $18,525
2020 $597 $18,675 $3,550 $15,125
2019 $597 $18,675 $3,550 $15,125
2018 $597 $18,675 $3,550 $15,125
2017 $611 $18,675 $3,550 $15,125
2016 $765 $17,500 $0 $0
2014 $765 $17,500 $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

    26 in this area

    414 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    431 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10114438

Memphis Area Association of REALTORS®

APN: 07-4034-0-0148

Tennessee Shelby County Memphis 38118 Parkway Village

4996 Cromwell Ave, Memphis, TN

This home is located at 4996 Cromwell Ave, Memphis, TN 38118 since 11 December 2021 and is currently estimated at $166,959, approximately $104 per square foot. This property was built in 1973. 4996 Cromwell Ave is a home located in Shelby County with nearby schools including Cromwell Elementary School, Wooddale High School, and Compass Community School Hickory Hill Campus.

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