NOT LISTED FOR SALE

5394 Fleetway Ave Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $197,000 - $239,000

3 Beds
2 Baths
1,800-1,999 Sq Ft
$108/Sq Ft Est. Value

Last Sold September 16, 2019

Last sale price $139,900 $70 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,242/month

Highlights

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

About This Home

As of September 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1075.00 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: 07/26/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,362

Year Built

  • Built in 1970

Lot Details

  • 10,019 Sq Ft Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,904 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Fox Meadows Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074073 C00015

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,362

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 784A
  • MAAR Subdivision Name: FOX MEADOWS
  • List Price Per Sq Ft: 73
  • Number Of Stories: 1
  • Price Per Sq Ft: 73.48
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1904
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • 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

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

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 306
  • Acreage: 0.23
  • Lot Size: 10250
  • Price Per Acre: 608261

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 074073 C00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2023
Sold by
Gabriel Cardus Revocable Trust
Bought by
5394 Fleetway Llc
Current Estimated Value
$215,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Outstanding Balance
$152,894
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$62,741

Purchase Details

Closed on
Oct 21, 2022
Sold by
Cardus Gabriel
Bought by
Gabriel Cardus Revocable Trust

Purchase Details

Listed on
Jul 26, 2019
Closed on
Sep 18, 2019
Sold by
Memphis Investments Properties Ii Llc
Bought by
Cardus Gabriel
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$110,000
Sold Price
$139,900
Premium/Discount to List
$29,900
27.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$118,915
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2019
Closed on
Jun 25, 2019
Sold by
Federal National Mortgage Association
Bought by
Memphis Investments Properties Ii Llc
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Kenneth Tate
Tate Realty and Construction
List Price
$77,900
Sold Price
$76,000
Premium/Discount to List
-$1,900
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1501.64%
Original Mortgage
$100,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 8, 2019
Sold by
Flake Geneva P
Bought by
Federal National Mortgae Association

Purchase Details

Closed on
Dec 1, 1997
Sold by
Flake John D
Bought by
Flake John D and Flake Geneva P
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
5394 Fleetway Llc $175,000 Delta Title Services
Gabriel Cardus Revocable Trust -- --
Cardus Gabriel $139,900 Delta Title Services Llc
Memphis Investments Properties Ii Llc $76,000 Skw Title Company Llc
Federal National Mortgae Association $103,000 None Available
Flake John D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5394 Fleetway Llc $157,500
Previous Owner Cardus Gabriel $118,915
Previous Owner Memphis Investments Properties Ii Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2019 09/16/19 Sold $139,900 +27.2% $78 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $110,000 +44.7% $61 / Sq Ft
06/28/2019 06/28/19 Sold $76,000 0.0% $42 / Sq Ft View Prior Sale
06/13/2019 06/13/19 Pending -- -- --
06/11/2019 06/11/19 Price Changed $76,000 -2.4% $42 / Sq Ft
06/06/2019 06/06/19 For Sale $77,900 0.0% $43 / Sq Ft
06/06/2019 06/06/19 Price Changed $77,900 -5.0% $43 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $82,000 0.0% $46 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $82,000 -- $46 / 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 $1,362 $62,375 $5,375 $57,000
2024 $1,362 $40,175 $4,800 $35,375
2023 $2,447 $40,175 $4,800 $35,375
2022 $2,447 $40,175 $4,800 $35,375
2021 $2,476 $40,175 $4,800 $35,375
2020 $1,648 $22,750 $4,800 $17,950
2019 $727 $22,750 $4,800 $17,950
2018 $727 $22,750 $4,800 $17,950
2017 $744 $22,750 $4,800 $17,950
2016 $960 $21,975 $0 $0
2014 $960 $21,975 $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

    3 in this area

    393 Total Sales

    Jim Reedy
    Section Image

  • C

    Seller's Agent in 2019

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    3 in this area

    35 Total Sales

    Carol Tate
    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    3 in this area

    410 Total Sales

    Bradley Reedy
    Section Image

  • K

    Buyer's Agent in 2019

    Kenneth Tate

    Tate Realty and Construction

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10058439

Memphis Area Association of REALTORS®

APN: 07-4073-C0-0015

Tennessee Shelby County Memphis 38115 Fox Meadows

5394 Fleetway Ave, Memphis, TN

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