NOT LISTED FOR SALE

5176 Fairbrook Ave Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $158,614 - $191,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$98/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $124,900 $69 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,035/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Some Wood Windows
  • Traditional Architecture
  • Den
  • Tile Flooring

About This Home

As of August 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1,150 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: 05/23/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $902

Year Built

  • Built in 1966

Lot Details

  • 8,712 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,715 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Meadowbrook Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074001 00049

Home Details

Home Type

Single Family

Est. Annual Taxes

$902

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 772C
  • MAAR Subdivision Name: MEADOWBROOK PARK
  • List Price Per Sq Ft: 70
  • Number Of Stories: 1
  • Price Per Sq Ft: 72.83
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1715
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 4th of More Bedrooms, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedroom 4 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • 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
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 380
  • Acreage: 0.2
  • Lot Size: 8945
  • Price Per Acre: 597500

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 074001 00049

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2021
Sold by
Upadhayaya Sachin S
Bought by
Zinn Tn Llc
Current Estimated Value
$176,404

Purchase Details

Listed on
May 23, 2019
Closed on
Aug 9, 2019
Sold by
Memphis Investments Properties Ii Llc
Bought by
Upadhyaya Sachin S
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$119,500
Sold Price
$124,900
Premium/Discount to List
$5,400
4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$93,675
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2019
Sold by
Wirght Andrew Douglas
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
$80,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
May 16, 1997
Sold by
Wright Nina P
Bought by
Wright Charles D
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
Zinn Tn Llc -- None Available
Upadhyaya Sachin S $124,900 Delta Title Services Llc
Memphis Investment Properties Ii Llc $63,500 None Available
Wright Charles D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Upadhyaya Sachin S $93,675
Previous Owner Memphis Investment Properties Ii Llc $80,000
Previous Owner Wright Charles D $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2019 08/12/19 Sold $124,900 +4.5% $78 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $119,500 -- $75 / 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 $902 $38,100 $5,200 $32,900
2024 $902 $26,600 $3,775 $22,825
2023 $1,620 $26,600 $3,775 $22,825
2022 $1,620 $26,600 $3,775 $22,825
2021 $918 $26,600 $3,775 $22,825
2020 $1,288 $17,775 $3,775 $14,000
2019 $568 $17,775 $3,775 $14,000
2018 $568 $17,775 $3,775 $14,000
2017 $582 $17,775 $3,775 $14,000
2016 $770 $17,625 $0 $0
2014 $770 $17,625 $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

    26 in this area

    424 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    441 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10053434

Memphis Area Association of REALTORS®

APN: 07-4001-0-0049

Tennessee Shelby County Memphis 38118 Parkway Village

5176 Fairbrook Ave, Memphis, TN

This home is located at 5176 Fairbrook Ave, Memphis, TN 38118 since 23 May 2019 and is currently estimated at $176,404, approximately $98 per square foot. This property was built in 1966. 5176 Fairbrook 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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