NOT LISTED FOR SALE

5031 Newcastle Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $191,000 - $209,522

3 Beds
1 Bath
1,200-1,399 Sq Ft
$146/Sq Ft Est. Value

Last Sold February 08, 2023

Last sale price $195,000 $139 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,209/month

26 Days on Market

Highlights

  • Traditional Architecture
  • Den
  • Central Heating and Cooling System
  • Wood Flooring
  • Covered Patio or Porch
  • Level Lot

About This Home

As of February 2023

Contract failed, back on market! Under Market Value! 3 bed 1 bath home nestled in the cute neighborhood of Colonial Acres in the heart of East Memphis. It sits on a great lot with beautiful, mature trees and a private fenced backyard. There is a nice spacious addition on the back which can be used as a den for entertaining guests. Unique parkay floors add extra style to the home. A must see for anyone interested in living in the heart of the city close to many restaurants and great shopping!

Last Agent to Sell the Property

Catherine Armstrong

BHHS Taliesyn Realty License #356761 Listed on: 01/04/2023

BHHS Taliesyn Realty

Last Buyer's Agent

Stephanie Nichopoulos

John Green & Co., REALTORS License #363422

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,276

Year Built

  • Built in 1954

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 64x120
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,299 Sq Ft Home
  • 1-Story Property
  • Den

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • Voluntary home owners association
  • Glen Park 3Rd Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 067011 00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,276

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 759B
  • MAAR Subdivision Name: COLONIAL ACRES
  • Number Of Stories: 1
  • Price Per Sq Ft: 150.12
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1299
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Den
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Covered Patio
  • Exterior Windows: Brick Veneer

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Neighborhood Association: Voluntary

Lot Info

  • Lot Description: Level
  • Lot Number: 25
  • Acreage: 0.17
  • Lot Size: 64X120

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 067011 00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2024
Sold by
Barry Scotty J and Barry Pamela S
Bought by
Barry Scotty J and Barry Pamela S
Current Estimated Value
$202,390

Purchase Details

Listed on
Jan 4, 2023
Closed on
Feb 8, 2023
Sold by
Midsouth Realty Group Llc
Bought by
Barry Scott J and Barry Pamela S
Seller's Agent
Catherine Armstrong
BHHS Taliesyn Realty
Buyer's Agent
Stephanie Nichopoulos
John Green & Co., REALTORS
List Price
$209,900
Sold Price
$195,000
Premium/Discount to List
-$14,900
-7.1%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.74%

Purchase Details

Closed on
Nov 28, 2022
Sold by
Mueller David B
Bought by
Midsouth Realty Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2013
Sold by
Crone Nancy
Bought by
Mueller Eric D and Mueller David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,935
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 2013
Sold by
Freeman Geraldine M
Bought by
Crone Nancy F and The Geraldine M Freeman Irrevocable Trus

Purchase Details

Closed on
Dec 3, 2003
Sold by
Ammons Jeremy L and Ammons Juliet N Murray
Bought by
Freeman Geraldine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2000
Sold by
Canale Daniel J and Canale Wednesdee L
Bought by
Ammons Jeremy L and Murray Juliet N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,951
Interest Rate
8.63%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 27, 1997
Sold by
Ryan Patrick T and Ryan Sherri A
Bought by
Canale Daniel J and Canale Wednesdee L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
7.52%
Mortgage Type
FHA
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
Barry Scotty J -- None Listed On Document
Barry Scott J $195,000 Sure Title
Midsouth Realty Group Llc $162,500 Sure Title
Mueller Eric D $114,000 Realty Title & Escrow Co Inc
Crone Nancy F -- None Available
Freeman Geraldine M $105,000 Cst Title Escrow
Ammons Jeremy L $95,000 Southern Escrow Title Compan
Canale Daniel J $81,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Midsouth Realty Group Llc $2,000,000
Previous Owner Mueller Eric D $111,935
Previous Owner Freeman Geraldine M $50,000
Previous Owner Ammons Jeremy L $94,951
Previous Owner Canale Daniel J $82,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2023 02/08/23 Sold $195,000 -7.1% $163 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $209,900 -- $175 / 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 $1,276 $45,850 $11,250 $34,600
2024 $1,276 $37,650 $7,050 $30,600
2023 $2,294 $37,650 $7,050 $30,600
2022 $2,294 $37,650 $7,050 $30,600
2021 $1,299 $37,650 $7,050 $30,600
2020 $1,949 $26,900 $7,050 $19,850
2019 $860 $26,900 $7,050 $19,850
2018 $860 $26,900 $7,050 $19,850
2017 $880 $26,900 $7,050 $19,850
2016 $1,144 $26,175 $0 $0
2014 $1,144 $26,175 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Catherine Armstrong

    Seller's Agent in 2023

    Catherine Armstrong

    BHHS Taliesyn Realty

    (901) 603-2684

    1 in this area

    47 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Stephanie Nichopoulos

    John Green & Co., REALTORS

    (901) 550-3815

    2 in this area

    13 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10139775

Memphis Area Association of REALTORS®

APN: 06-7011-0-0006

Tennessee Shelby County Memphis 38117 Colonial Acres

5031 Newcastle Rd, Memphis, TN

This home is located at 5031 Newcastle Rd, Memphis, TN 38117 since 04 January 2023 and is currently estimated at $203,631, approximately $145 per square foot. This property was built in 1954. 5031 Newcastle Rd is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and Overton High.

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