NOT LISTED FOR SALE

5037 New Castle Rd Memphis, TN 38117

Colonial Acres Neighborhood

Estimated Value: $187,000 - $203,000

3 Beds
1 Bath
100-999 Sq Ft
$196/Sq Ft Est. Value

Last Sold July 16, 2024

Last sale price $202,500 $203 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,166/month

30 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Laundry Room
  • Attic
  • Patio
  • Tile Flooring

About This Home

As of July 2024

Charming 3-bedroom, 1-bathroom residence nestled in the vibrant heart of Memphis. Enjoy proximity to an array of parks, dining spots, retail hubs, and schools. Fresh paint and new tile floors throughout, enhancing the cozy ambiance. Entertain effortlessly in the spacious fenced backyard, complemented by an inviting open floor plan. Delight in relaxation on the covered front porch, welcoming you to your ideal abode.

Last Agent to Sell the Property

Stephen Mansour

REMAX Experts License #323281 Listed on: 05/10/2024

REMAX Experts

Last Buyer's Agent

Michael Frizzell

Grind City Realty License #301725

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,079

Year Built

  • Built in 1954

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 64x120
  • Chain Link Fence
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 969 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Window Treatments
  • Combination Dining and Living Room
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Parking

  • 1 Parking Space
  • Carport
  • Driveway

Outdoor Features

  • Patio
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Glen Park 3Rd Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 067011 00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,079

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: 208.98
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 969
  • Year Built: 1954
  • List Price/ Sq Ft: 219
  • 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, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Tile Floor
  • Bedroom 3 Description: Level 1, Smooth Ceiling, Tile Floor
  • Bedrooms: 3
  • Floors/Ceilings: Tile, Smooth Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Dishwasher, Refrigerator
  • Living Dining Kitchen: LR/DR Combination, W/D Connection in Kitchen
  • Misc Interior: All Window Treatments, Pull Down Attic Stairs, Attic Access, Smoke Detector(s)
  • Other Rooms: Attic
  • Total Bathrooms: 1
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Smooth Ceiling, Tile Floor

Exterior Features

  • Misc Exterior: Porch, Patio, On-Site Storage, Chain Fence, Storage
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Smoke Detector(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Chain Fenced
  • Lot Number: 24
  • Acreage: 0.18
  • Lot Size: 64X120
  • Price Per Acre: 1177778
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 067011 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jul 10, 2024
Sold by
Mccollum Elizabeth Erin
Bought by
Temple Casey Brock
Seller's Agent
Stephen Mansour
REMAX Experts
Buyer's Agent
Michael Frizzell
Grind City Realty
List Price
$214,500
Sold Price
$202,500
Premium/Discount to List
-$12,000
-5.59%
Views
7
Current Estimated Value
$196,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,043
Avg. Annual Appreciation
-2.99%
Original Mortgage
$162,000
Outstanding Balance
$160,634
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$35,343

Purchase Details

Closed on
May 19, 2017
Sold by
Fisher John Mark
Bought by
Mccollum Elizabeth Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,917
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 2006
Sold by
Clifford Daniel and Clifford Shannon
Bought by
Fisher John Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,800
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 30, 1998
Sold by
Haag Leon K and Haag Cardosi L
Bought by
Clifford Daniel and Clifford Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,421
Interest Rate
7.1%
Mortgage Type
FHA
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
Temple Casey Brock $202,500 Mid South Title Services
Mccollum Elizabeth Erin $115,000 None Available
Fisher John Mark $98,500 None Available
Clifford Daniel $71,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Temple Casey Brock $162,000
Previous Owner Mccollum Elizabeth Erin $112,917
Previous Owner Fisher John Mark $105,560
Previous Owner Fisher John Mark $78,800
Previous Owner Fisher John Mark $19,700
Previous Owner Clifford Daniel $71,421
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2024 07/16/24 Sold $202,500 -4.5% $2,025 / Sq Ft
05/22/2024 05/22/24 Price Changed $212,000 -1.2% $2,120 / Sq Ft
05/10/2024 05/10/24 For Sale $214,500 -- $2,145 / 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 $1,079 $46,725 $11,250 $35,475
2024 $1,079 $31,825 $7,050 $24,775
2023 $1,939 $31,825 $7,050 $24,775
2022 $1,939 $31,825 $7,050 $24,775
2021 $1,961 $31,825 $7,050 $24,775
2020 $1,685 $23,250 $7,050 $16,200
2019 $1,685 $23,250 $7,050 $16,200
2018 $1,685 $23,250 $7,050 $16,200
2017 $956 $23,250 $7,050 $16,200
2016 $958 $21,925 $0 $0
2014 $958 $21,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Mansour

    Seller's Agent in 2024

    Stephen Mansour

    RE/MAX

    7 in this area

    105 Total Sales

    Section Image
  • Michael Frizzell

    Buyer's Agent in 2024

    Michael Frizzell

    Grind City Realty

    (901) 485-3203

    16 in this area

    117 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10172084

Memphis Area Association of REALTORS®

APN: 06-7011-0-0007

Tennessee Shelby County Memphis 38117 Colonial Acres

5037 New Castle Rd, Memphis, TN

This home is located at 5037 New Castle Rd, Memphis, TN 38117 since 10 May 2024 and is currently estimated at $195,472, approximately $195 per square foot. This property was built in 1954. 5037 New Castle 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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