NOT LISTED FOR SALE

5059 Fair Elms Cove Memphis, TN 38118

Oakhaven Neighborhood

Estimated Value: $90,000 - $138,202

3 Beds
2 Baths
1,200-1,399 Sq Ft
$85/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $87,500 $63 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $669/month

88 Days on Market

About This Home

As of December 2023

What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 09/14/2023

Last Buyer's Agent

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 09/14/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $620

Year Built

  • Built in 1973

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 45x97

Parking

  • 1 Parking Space

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,288 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Easthaven Rec Sec C Subdivision

Listing and Financial Details

  • Assessor Parcel Number 094401 E00043

Home Details

Home Type

Single Family

Est. Annual Taxes

$620

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 773C
  • MAAR Subdivision Name: EASTHAVEN SEC C
  • Number Of Stories: 1
  • Price Per Sq Ft: 67.93
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1288
  • Year Built: 1973
  • List Price/ Sq Ft: 74
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1

Lot Info

  • Lot Number: 376
  • Acreage: 0.1
  • Lot Size: 45X97
  • Price Per Acre: 950000

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 094401 E00043

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Nov 20, 2023
Sold by
Vb One Llc
Bought by
Abicart Properties Llc
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$100,000
Sold Price
$87,500
Premium/Discount to List
-$12,500
-12.5%
Views
55
Current Estimated Value
$113,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,583
Avg. Annual Appreciation
19.54%

Purchase Details

Closed on
Feb 17, 2022
Sold by
P Fin I Llc
Bought by
Vb One Llc

Purchase Details

Closed on
Sep 25, 2015
Sold by
Prager Bridge Property I Llc
Bought by
Caf B L 2015 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Interest Rate
3.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 19, 2014
Sold by
Guenther Hans J and Miller Ewell D
Bought by
Prager Bridge Property I Llc

Purchase Details

Closed on
Aug 7, 2004
Sold by
Maxwell Mario
Bought by
Guenther Hans and Miller Ewell

Purchase Details

Closed on
Apr 28, 2000
Sold by
G & M Investments
Bought by
Maxwell Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,990
Interest Rate
8.23%

Purchase Details

Closed on
Jun 24, 1999
Sold by
White George E and White Beverly D
Bought by
G & M Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
7.51%
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
Abicart Properties Llc $87,500 Local Title
Vb One Llc $38,607,275 None Listed On Document
Caf B L 2015 Llc -- Attorney
Prager Bridge Property I Llc $2,184,409 None Available
Guenther Hans $40,001 --
Maxwell Mario $67,000 --
G & M Investments $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abicart Properties Llc $132,000
Previous Owner Ct Amm B 4 Llc $2,654,450
Previous Owner Caf B L 2015 Llc $50,000,000
Previous Owner Guenther Hans J $53,475
Previous Owner Maxwell Mario $64,990
Previous Owner G & M Investments $53,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $87,500 -7.9% $73 / Sq Ft
10/05/2023 10/05/23 Price Changed $95,000 -5.0% $79 / Sq Ft
09/14/2023 09/14/23 For Sale $100,000 -- $83 / 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 $30,075 $3,625 $26,450
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 $1,323 $18,275 $3,000 $15,275
2020 $1,033 $14,250 $3,000 $11,250
2019 $455 $14,250 $3,000 $11,250
2018 $455 $14,250 $3,000 $11,250
2017 $466 $14,250 $3,000 $11,250
2016 $599 $13,700 $0 $0
2014 $599 $13,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2023

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    62 in this area

    1,431 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10156669

Memphis Area Association of REALTORS®

APN: 09-4401-E0-0043

Tennessee Shelby County Memphis 38118 Oakhaven

5059 Fair Elms Cove, Memphis, TN

This home is located at 5059 Fair Elms Cove, Memphis, TN 38118 since 14 September 2023 and is currently estimated at $118,301, approximately $84 per square foot. This property was built in 1973. 5059 Fair Elms Cove is a home located in Shelby County with nearby schools including Ross Elementary School, Oakhaven Middle School, and Oakhaven High School.

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