NOT LISTED FOR SALE

5048 Newton Rd Memphis, TN 38109

Whitehaven Neighborhood

Estimated Value: $97,000 - $120,000

3 Beds
1 Bath
1,000-1,199 Sq Ft
$91/Sq Ft Est. Value

Last Sold July 20, 2023

Last sale price $120,000 $100 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $628/month

Highlights

  • Traditional Architecture
  • Porch
  • Combination Dining and Living Room
  • Wood Flooring
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of July 2023

This home is located at 5048 Newton Rd, Memphis, TN 38109 since 03 July 2023 and is currently estimated at $109,068, approximately $109 per square foot. This property was built in 1964. 5048 Newton Rd is a home located in Shelby County with nearby schools including Geeter School, Freedom Preparatory Academy - Flagship Middle School, and Fairley High School.

Last Agent to Sell the Property

James Wachob

Foundation Property Management License #294924 Listed on: 07/03/2023

Foundation Property Management

Last Buyer's Agent

James Wachob

Foundation Property Management License #294924 Listed on: 07/03/2023

Foundation Property Management

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $421

Year Built

  • Built in 1964

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 75x140
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,000 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Carport
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Holmes Rd 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 076132 00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$421

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 767C
  • MAAR Subdivision Name: HOLMES RD 1ST ADD
  • Number Of Stories: 1
  • Price Per Sq Ft: 120
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1000
  • Year Built: 1964
  • List Price/ Sq Ft: 120
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 167
  • Acreage: 0.24
  • Lot Size: 75X140
  • Price Per Acre: 500000

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 076132 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2023
Closed on
Jul 20, 2023
Sold by
Open Arms Solutions Llc
Bought by
Stewart Austin Cale
Seller's Agent
James Wachob
Foundation Property Management
Buyer's Agent
James Wachob
Foundation Property Management
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$109,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,932
Avg. Annual Appreciation
-4.43%
Original Mortgage
$96,000
Outstanding Balance
$93,859
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$15,209

Purchase Details

Closed on
Mar 30, 2023
Sold by
Vb Two Llc
Bought by
Open Arms Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2021
Sold by
Vb One Llc
Bought by
Vb Two Llc

Purchase Details

Closed on
Oct 3, 2019
Sold by
Sorroeix Inc
Bought by
Vb One Llc

Purchase Details

Closed on
Oct 26, 2018
Sold by
Property Factor Aus Llc
Bought by
Sorroeix Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,332,031
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2018
Sold by
Newton Grundon Llc
Bought by
Property Factor Aus Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,332,031
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2012
Sold by
Memphis Investment Rental Properties Llc
Bought by
Newton Grundon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,950
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2011
Sold by
Deutsche Bank Trust Co Americas
Bought by
Memphis Investment Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage
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
Stewart Austin Cale $120,000 Saddle Creek Title
Open Arms Solutions Llc $71,500 Total Title Services
Vb Two Llc -- None Available
Vb One Llc $198,000 Saddle Creek Title Llc
Sorroeix Inc -- None Available
Property Factor Aus Llc -- None Available
Newton Grundon Llc $49,900 None Available
Memphis Investment Rental Properties Llc $12,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Austin Cale $96,000
Previous Owner Open Arms Solutions Llc $100,000
Previous Owner Open Arms Solutions Llc $105,000
Previous Owner Sorroeix Cx $15,320
Previous Owner Sorroeix Inc $2,332,031
Previous Owner Newton Grundon Llc $24,950
Previous Owner Memphis Investment Rental Properties Llc $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $120,000 0.0% $120 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
07/03/2023 07/03/23 For Sale $120,000 -- $120 / 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 $421 $20,925 $3,375 $17,550
2024 $421 $12,425 $2,375 $10,050
2023 $757 $12,425 $2,375 $10,050
2022 $757 $12,425 $2,375 $10,050
2021 $429 $12,425 $2,375 $10,050
2020 $694 $9,575 $2,375 $7,200
2019 $306 $9,575 $2,375 $7,200
2018 $306 $9,575 $2,375 $7,200
2017 $313 $9,575 $2,375 $7,200
2016 $545 $12,475 $0 $0
2014 $545 $12,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Wachob

    Seller's Agent in 2023

    James Wachob

    Foundation Property Management

    (901) 633-1484

    66 in this area

    622 Total Sales

    James Wachob
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10152717

Memphis Area Association of REALTORS®

APN: 07-6132-0-0014

Tennessee Shelby County Memphis 38109 Whitehaven

5048 Newton Rd, Memphis, TN

This home is located at 5048 Newton Rd, Memphis, TN 38109 since 03 July 2023 and is currently estimated at $109,068, approximately $90 per square foot. This property was built in 1964. 5048 Newton Rd is a home located in Shelby County with nearby schools including Geeter School, Freedom Preparatory Academy - Flagship Middle School, and Fairley High School.

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