NOT LISTED FOR SALE

540 Mcelroy Rd Memphis, TN 38120

East Memphis Neighborhood

Estimated Value: $453,000 - $487,000

5 Beds
3 Baths
3,336 Sq Ft
$142/Sq Ft Est. Value

Last Sold April 21, 2016

Last sale price $270,000 $81 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,697/month

31 Days on Market

Highlights

  • Detached Guest House
  • Second Kitchen
  • Updated Kitchen
  • Richland Elementary School Rated 9+
  • In Ground Pool
  • Wooded Lot

About This Home

As of April 2016

Extremely rare opportunity to own this type of property at this price. This home offers an updated and open kitchen, separated den, living rm, and dining rm, and 4 bedrooms in the main house. A large quest house/mother in law wing/office, is connected to the main house by way of a fabulous atrium/sunroom. This wing includes the 5th bedroom, full bath, living room, and kitchen. The spaces can flow together as one or can function as a rent generating apartment. 3 covered parking spaces.

Last Agent to Sell the Property

Loyd Templeton

Ware Jones, REALTORS License #250603 Listed on: 02/27/2016

Ware Jones, REALTORS

Co-Listed By

Amy Moss

Hobson, REALTORS License #312782

Last Buyer's Agent

Wendy Quinn

Crye-Leike, Inc., REALTORS License #281272

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1969

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 105x341
  • Dog Run
  • Wood Fence
  • Chain Link Fence
  • Level Lot
  • Wooded Lot

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 3,336 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Popcorn or blown ceiling
  • Fireplace Features Masonry
  • Some Wood Windows
  • Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Den with Fireplace
  • Sun or Florida Room
  • Storage Room
  • Laundry Room
  • Permanent Attic Stairs

Kitchen

  • Updated Kitchen
  • Second Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Home Security

  • Burglar Security System
  • Storm Windows
  • Termite Clearance

Parking

  • 3 Car Attached Garage
  • Carport
  • Driveway

Outdoor Features

  • In Ground Pool
  • Patio
  • Outdoor Storage

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Mcelroy Subdivision

Listing and Financial Details

  • Assessor Parcel Number 068066 00071

Home Details

Home Type

Single Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: MCELROY
  • List Price Per Sq Ft: 82
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 3336
  • Termite Contract: Yes
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 2 or More Baths, Laundry Room, Sun Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedroom 2 Description: Level 1, Carpet
  • Bedroom 3 Description: Level 1, Carpet
  • Bedroom 4 Description: Level 1, Carpet
  • Bedroom 5 Description: Level 1, Walk-In Closet, Carpet
  • Bedrooms: 5
  • Bedrooms Down: 5
  • Fireplace: Masonry, In Den/Great Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Sprayed Ceiling
  • Full Bathrooms: 3
  • Equipment: Range/Oven, Self Cleaning Oven, Gas Cooking, Dishwasher, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Pantry
  • Misc Interior: Wet Bar, Walk-In Closet(s), Permanent Attic Stairs
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, In-Law Quarters, Separate Guest House, 2nd Kitchen, Entry Hall, Attic, Storage Room
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Carpet

Exterior Features

  • Misc Exterior: Dog Run, Storage Building, Patio
  • Exterior Windows: Brick Veneer, Wood/Composition, Wood Window(s), Storm Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 3
  • Parking Display: C3A
  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Burglar Alarm
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Wooded, Level, Wood Fenced, Chain Fenced
  • Lot Number: 8
  • Acreage: 0.4
  • Lot Size: 105X341

Tax Info

  • Assessor Parcel Number: 068066 00071

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2022
Sold by
City Of Memphis
Bought by
Glass Brian M and Glass Lana C
Current Estimated Value
$472,776

Purchase Details

Listed on
Feb 27, 2016
Closed on
Apr 21, 2016
Sold by
Anderson Kyrstan Overstreet and Anderson Jerry
Bought by
Glass Brian M and Glass Lana C
Seller's Agent
Loyd Templeton
Ware Jones, REALTORS
Buyer's Agent
Wendy Quinn
Crye-Leike, Inc., REALTORS
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$216,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2014
Sold by
Mcelroy Mary Kathryn and Mcelroy Susan Tyson
Bought by
Anderson Krystan Overstreet and Anderson Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,300
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 2013
Sold by
Laseter Mcelroy Patricia Susan
Bought by
Mcelroy Mary Kathryn and Mcelroy Susan Tyson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Glass Brian M -- --
Glass Brian M $270,000 Realty Title
Anderson Krystan Overstreet $163,900 None Available
Mcelroy Mary Kathryn $85,108 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glass Brian M $216,000
Previous Owner Anderson Krystan Overstreet $188,300
Previous Owner Mcelroy Mary Kathryn $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2016 04/21/16 Sold $270,000 -1.8% $81 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
02/27/2016 02/27/16 For Sale $275,000 -- $82 / 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 $2,996 $120,600 $28,800 $91,800
2024 $2,996 $88,375 $22,050 $66,325
2023 $5,383 $88,375 $22,050 $66,325
2022 $5,383 $88,375 $22,050 $66,325
2021 $5,447 $88,375 $22,050 $66,325
2020 $5,088 $70,225 $22,050 $48,175
2019 $5,088 $70,225 $22,050 $48,175
2018 $5,088 $70,225 $22,050 $48,175
2017 $2,886 $70,225 $22,050 $48,175
2016 $3,822 $87,450 $0 $0
2014 $3,273 $74,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Loyd Templeton

    Seller's Agent in 2016

    Loyd Templeton

    Ware Jones, REALTORS

    (901) 336-1963

    16 in this area

    63 Total Sales

    Loyd Templeton
    Section Image

  • A

    Seller Co-Listing Agent in 2016

    Amy Moss

    Hobson, REALTORS

    Section Image
  • Wendy Quinn

    Buyer's Agent in 2016

    Wendy Quinn

    Crye-Leike

    (901) 335-1808

    2 in this area

    37 Total Sales

    Wendy Quinn
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9971397

Memphis Area Association of REALTORS®

APN: 06-8066-0-0071

Tennessee Shelby County Memphis 38120 East Memphis

540 Mcelroy Rd, Memphis, TN

Not Listed for Sale

Detached

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