NOT LISTED FOR SALE

5071 Neely Rd Memphis, TN 38109

Whitehaven Neighborhood

Estimated Value: $105,000 - $118,000

2 Beds
1 Bath
100-999 Sq Ft
$112/Sq Ft Est. Value

Last Sold April 24, 2019

Last sale price $70,000 $70 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $661/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of April 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $700 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 04/01/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $630

Year Built

  • Built in 1958

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 975 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Combination Dining and Living Room
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Holmes Rd 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 076128 00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$630

Year Built

Built in 1958

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
  • List Price Per Sq Ft: 72
  • Number Of Stories: 1
  • Price Per Sq Ft: 71.79
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 975
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 213
  • Acreage: 0.24
  • Lot Size: 10599
  • Price Per Acre: 291667

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 076128 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2023
Sold by
Andersen Anthony and Andersen Cynthia
Bought by
Andersen Cynthia Marie
Current Estimated Value
$111,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,925
Outstanding Balance
$94,233
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$16,838

Purchase Details

Listed on
Apr 1, 2019
Closed on
Apr 23, 2019
Sold by
Memphis Investment Properties Ii Llc
Bought by
Andersen Anthony and Andersen Cynthia
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$70,000
Sold Price
$70,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$56,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2019
Sold by
Morris Justin
Bought by
Memphis Investment Properties Ii Llc

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
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2016
Sold by
Morris Jeannette
Bought by
Morris Justin
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
Andersen Cynthia Marie -- Haven Title
Andersen Anthony $70,000 Close Trak Closing & Ttl Svc
Memphis Investment Properties Ii Llc $25,500 Delta Title Services Llc
Morris Justin -- Mid South Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andersen Cynthia Marie $95,925
Previous Owner Andersen Anthony $56,000
Previous Owner Memphis Investment Properties Ii Llc $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2019 04/24/19 Sold $70,000 0.0% $700 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $70,000 -- $700 / 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 $630 $28,250 $3,375 $24,875
2024 -- $18,575 $2,375 $16,200
2023 $1,132 $18,575 $2,375 $16,200
2022 $1,132 $18,575 $2,375 $16,200
2021 $641 $18,575 $2,375 $16,200
2020 $703 $9,700 $2,375 $7,325
2019 $310 $9,700 $2,375 $7,325
2018 $310 $9,700 $2,375 $7,325
2017 $317 $9,700 $2,375 $7,325
2016 $408 $9,325 $0 $0
2014 $408 $9,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2019

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    45 in this area

    433 Total Sales

    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    47 in this area

    450 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10049414

Memphis Area Association of REALTORS®

APN: 07-6128-0-0014

Tennessee Shelby County Memphis 38109 Whitehaven

5071 Neely Rd, Memphis, TN

This home is located at 5071 Neely Rd, Memphis, TN 38109 since 01 April 2019 and is currently estimated at $111,392, approximately $111 per square foot. This property was built in 1958. 5071 Neely 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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