NOT LISTED FOR SALE

5263 Cheron Cove Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $179,438 - $313,000

5 Beds
3 Baths
2,400-2,599 Sq Ft
$87/Sq Ft Est. Value

Last Sold January 16, 2015

Last sale price $104,900 $40 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,331/month

38 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of January 2015

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

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 09/19/2014

Last Buyer's Agent

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 09/19/2014

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1966

Lot Details

  • 0.37 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,400-2,599 Sq Ft Home
  • 2,418 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Meadowbrook Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074001 00021

Home Details

Home Type

Single Family

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: 43
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 43.38
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2418
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 2400-2599
  • Bedrooms: 5
  • Bedrooms Down: 2
  • Full Bathrooms: 3
  • Total Bathrooms: 3

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 250
  • Acreage: 0.37
  • Lot Size: .37
  • Price Per Acre: 283514

Multi Family

  • Number Of Rooms: 10

Tax Info

  • Assessor Parcel Number: 074001 00021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2014
Closed on
Jan 15, 2015
Sold by
Memphis Invest Gp
Bought by
Khatav Shailesh and Khatav Vrushali Shailesh
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$104,900
Sold Price
$104,900
Current Estimated Value
$225,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,210
Avg. Annual Appreciation
6.72%
Original Mortgage
$75,000
Outstanding Balance
$58,461
Interest Rate
4.01%
Mortgage Type
New Conventional
Estimated Equity
$150,176

Purchase Details

Listed on
Oct 4, 2013
Closed on
Sep 14, 2014
Sold by
Fannie Mae
Bought by
Memphis Invest Gp
Seller's Agent
Juan Brooks
Process Realty Services
Buyer's Agent
Juan Brooks
Process Realty Services
List Price
$79,900
Sold Price
$48,600
Premium/Discount to List
-$31,300
-39.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
929.30%

Purchase Details

Closed on
Nov 21, 2006
Sold by
Wiltz Milton J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 5, 2000
Sold by
Ogan C
Bought by
Ogan Charles and Ogan Cherry S
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
Khatav Shailesh $104,900 None Available
Memphis Invest Gp $48,600 Landcastle Title Llc
Federal National Mortgage Association $98,164 None Available
Wiltz Milton $137,000 None Available
Ogan Charles -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khatav Shailesh $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2015 01/16/15 Sold $104,900 +115.8% $44 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
09/19/2014 09/19/14 Sold $48,600 -53.7% $20 / Sq Ft
09/19/2014 09/19/14 For Sale $104,900 +31.3% $44 / Sq Ft
09/12/2014 09/12/14 Pending -- -- --
10/04/2013 10/04/13 For Sale $79,900 -- $33 / 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 -- $55,850 $5,200 $50,650
2024 $1,173 $34,600 $3,775 $30,825
2023 $2,108 $34,600 $3,775 $30,825
2022 $2,108 $34,600 $3,775 $30,825
2021 $2,132 $34,600 $3,775 $30,825
2020 $1,810 $24,975 $3,775 $21,200
2019 $1,810 $24,975 $3,775 $21,200
2018 $1,810 $24,975 $3,775 $21,200
2017 $1,026 $24,975 $3,775 $21,200
2016 $912 $20,875 $0 $0
2014 $912 $20,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mark Saller

    Reedy Group II, LLC

    Section Image
  • Juan Brooks

    Seller's Agent in 2014

    Juan Brooks

    Process Realty Services

    (901) 864-4145

    9 in this area

    61 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9936429

Memphis Area Association of REALTORS®

APN: 07-4001-0-0021

Tennessee Shelby County Memphis 38118 Parkway Village

5263 Cheron Cove, Memphis, TN

This home is located at 5263 Cheron Cove, Memphis, TN 38118 since 19 September 2014 and is currently estimated at $225,110, approximately $86 per square foot. This property was built in 1966. 5263 Cheron Cove 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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