NOT LISTED FOR SALE

5049 Colewood Ave Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $107,000 - $142,000

3 Beds
1.5 Baths
1,000-1,199 Sq Ft
$104/Sq Ft Est. Value

Last Sold May 17, 2014

Last sale price $75,900 $63 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $728/month

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • 2 Car Detached Garage
  • Level Lot

About This Home

As of May 2014

PROPERTY CURRENTLY UNDER RENOVATION. NO SHOWINGS UNTIL FURTHER NOTICE. PLEASE CALL LIST AGENT FOR MORE INFO. SEE ATTACHMENTS FOR SCOPE OF WORK. PROPERTY TO BE RENTED AND SOLD AS INVESTMENT. PROPERTY OCCUPIED BY TENANT.

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 01/30/2014

Last Buyer's Agent

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 01/30/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $620

Year Built

  • Built in 1960

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,113 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Car Detached Garage
  • Carport
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Parkway Village Blk D Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074050 00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$620

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 772D
  • MAAR Subdivision Name: PARKWAY VILLAGE BLK D
  • List Price Per Sq Ft: 68
  • Number Of Stories: 1
  • Price Per Sq Ft: 68.19
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1113
  • Year Built: 1960
  • 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
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 1.1

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2D
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 705
  • Acreage: 0.18
  • Lot Size: 7840
  • Price Per Acre: 421667

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 074050 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2013
Closed on
Mar 14, 2014
Sold by
Memphis Investment Gp
Bought by
For My Girls Llc
Seller's Agent
Georgia Landry
Trek Property Management
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$30,000
Sold Price
$26,424
Premium/Discount to List
-$3,576
-11.92%
Total Days on Market
0
Current Estimated Value
$124,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,819
Avg. Annual Appreciation
15.31%
Original Mortgage
$102,740
Outstanding Balance
$32,992
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$104,882

Purchase Details

Listed on
Oct 19, 2013
Closed on
Jan 16, 2014
Sold by
Deutsche Bank National Trust Co
Bought by
Memphis Invest Gp
Seller's Agent
Georgia Landry
Trek Property Management
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$30,000
Sold Price
$26,424
Premium/Discount to List
-$3,576
-11.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,740
Outstanding Balance
$32,992
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$104,882

Purchase Details

Closed on
Apr 24, 2013
Sold by
Barnett Lawrence
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Oct 24, 2006
Sold by
5049 Colewood Land Trust
Bought by
Barnett Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,100
Interest Rate
10.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2002
Sold by
Bacaner Daniel F
Bought by
5049 Colewood Land Trust

Purchase Details

Closed on
May 29, 2002
Sold by
5049 Colewood Land Trust
Bought by
Bacaner Daniel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,300
Interest Rate
6.89%

Purchase Details

Closed on
Apr 5, 2002
Sold by
Bacaner Daniel F and Bacaner Lisa T
Bought by
5049 Colewood Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,300
Interest Rate
6.89%

Purchase Details

Closed on
May 14, 1998
Sold by
Bacaner Dan
Bought by
5049 Colewood Land Trust

Purchase Details

Closed on
Mar 4, 1998
Sold by
Mercer Robbie M
Bought by
Bacaner Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.07%
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
For My Girls Llc $75,900 None Available
Memphis Invest Gp $26,424 None Available
Deutsche Bank National Trust Co $30,000 None Available
Barnett Lawrence $64,118 Preferred Title & Escrow Llc
5049 Colewood Land Trust -- --
Bacaner Daniel F -- --
5049 Colewood Land Trust -- --
Bacaner Daniel F -- --
5049 Colewood Land Trust -- --
Bacaner Daniel $40,000 West Tennessee Title Ins Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open For My Girls Llc $102,740
Previous Owner Memphis Invest Gp $2,575,000
Previous Owner Barnett Lawrence $69,100
Previous Owner Bacaner Daniel F $47,300
Previous Owner Bacaner Daniel $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2014 05/17/14 Sold $75,900 0.0% $76 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
01/30/2014 01/30/14 For Sale $75,900 +187.2% $76 / Sq Ft
01/23/2014 01/23/14 Sold $26,424 -11.9% $26 / Sq Ft
12/17/2013 12/17/13 Pending -- -- --
10/19/2013 10/19/13 For Sale $30,000 -- $30 / 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 $620 $27,125 $4,200 $22,925
2024 $620 $18,275 $3,000 $15,275
2023 $1,113 $18,275 $3,000 $15,275
2022 $1,113 $18,275 $3,000 $15,275
2021 $1,126 $18,275 $3,000 $15,275
2020 $1,241 $17,125 $3,000 $14,125
2019 $1,241 $17,125 $3,000 $14,125
2018 $1,241 $17,125 $3,000 $14,125
2017 $704 $17,125 $3,000 $14,125
2016 $558 $12,775 $0 $0
2014 $558 $12,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mark Saller

    Reedy Group II, LLC

    Section Image

  • G

    Seller's Agent in 2014

    Georgia Landry

    Trek Property Management

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3289599

Memphis Area Association of REALTORS®

APN: 07-4050-0-0002

Tennessee Shelby County Memphis 38118 Parkway Village

5049 Colewood Ave, Memphis, TN

This home is located at 5049 Colewood Ave, Memphis, TN 38118 since 30 January 2014 and is currently estimated at $124,243, approximately $103 per square foot. This property was built in 1960. 5049 Colewood Ave is a home located in Shelby County with nearby schools including Evans Elementary School, Wooddale High School, and Cornerstone Prep School.

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