NOT LISTED FOR SALE

5540 Brook Shade Ln Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $243,000 - $267,853

3 Beds
2 Baths
1,400-1,599 Sq Ft
$161/Sq Ft Est. Value

Last Sold July 16, 2020

Last sale price $153,000 $96 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $1,506/month

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Level Lot
  • Eat-In Kitchen
  • Central Heating and Cooling System
  • Bathtub With Separate Shower Stall

About This Home

As of July 2020

DO NOT DISTURB THE TENANTS. Charming cash flow property. Professionally managed. Don't miss the opportunity to add this property to your investment portfolio. Showings to be scheduled following an accepted subject to inspection offer. Being sold as is. PIctures are from before the tenant moved in.

Last Agent to Sell the Property

Camela Henke

Enterprise, REALTORS License #307460 Listed on: 03/25/2020

Last Buyer's Agent

Michael Bialowitz

River City Land Co., LLC License #338170

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,681

Year Built

  • Built in 2004

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,457 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Eat-In Kitchen

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub With Separate Shower Stall

Parking

  • 2 Car Garage
  • Front Facing Garage

Utilities

  • Central Heating and Cooling System

Community Details

  • Millers Grove 1St Addn Sec B Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0255B D00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,681

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 789C
  • MAAR Subdivision Name: MILLERS GROVE 1ST ADD SEC B
  • List Price Per Sq Ft: 106
  • Number Of Stories: 1
  • Price Per Sq Ft: 105.01
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1457
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Separate Tub & Shower
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Carpet
  • Bedroom 3 Description: Level 1, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: In Living Room
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1, Carpet

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 76
  • Acreage: 0.25
  • Lot Size: 11000 SF 88 X 125
  • Price Per Acre: 620000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: D0255B D00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2025
Sold by
Summit Keeper 2 Llc
Bought by
Barbee Tarshia Cornelia
Current Estimated Value
$257,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,381
Outstanding Balance
$249,738
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$7,975

Purchase Details

Listed on
Mar 25, 2020
Closed on
Jul 15, 2020
Sold by
Ober Marjann
Bought by
Summit Keeper 2 Llc
Seller's Agent
Camela Henke
Enterprise, REALTORS
Buyer's Agent
Michael Bialowitz
River City Land Co., LLC
List Price
$160,000
Sold Price
$153,000
Premium/Discount to List
-$7,000
-4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%
Original Mortgage
$114,750
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2008
Sold by
Doby Valerie E and Doby Todd A
Bought by
Doby Todd Allison and Doby Valerie Edna

Purchase Details

Closed on
Oct 8, 2007
Sold by
Gebo Melinda and Gebo Michael
Bought by
Hud

Purchase Details

Closed on
Jun 18, 2004
Sold by
Mark Matthews Development Llc
Bought by
Gebo Michael and Gebo Melinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,732
Interest Rate
6.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 2003
Sold by
Columbia Investment Co
Bought by
Mark Matthews Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,700
Interest Rate
5.82%
Mortgage Type
Construction
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
Barbee Tarshia Cornelia $255,000 Realty Title & Escrow
Summit Keeper 2 Llc -- Mid South Title Services Llc
Ober Marjann $153,000 None Available
Doby Todd Allison -- None Available
Hud $151,023 None Available
Gebo Michael $148,900 --
Mark Matthews Development Llc $114,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barbee Tarshia Cornelia $250,381
Previous Owner Ober Marjann $114,750
Previous Owner Gebo Michael $147,732
Previous Owner Mark Matthews Development Llc $113,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $153,000 -1.3% $109 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
06/05/2020 06/05/20 Price Changed $155,000 -1.3% $111 / Sq Ft
06/01/2020 06/01/20 Price Changed $157,000 -0.6% $112 / Sq Ft
05/12/2020 05/12/20 Price Changed $158,000 -1.3% $113 / Sq Ft
03/25/2020 03/25/20 For Sale $160,000 -- $114 / 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 $1,681 $65,525 $14,000 $51,525
2024 $1,681 $49,575 $8,750 $40,825
2023 $1,681 $49,575 $8,750 $40,825
2022 $1,681 $49,575 $8,750 $40,825
2021 $1,710 $49,575 $8,750 $40,825
2020 $1,423 $35,125 $8,750 $26,375
2019 $1,423 $35,125 $8,750 $26,375
2018 $1,423 $35,125 $8,750 $26,375
2017 $1,444 $35,125 $8,750 $26,375
2016 $1,286 $29,425 $0 $0
2014 $1,286 $29,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Camela Henke

    Seller's Agent in 2020

    Camela Henke

    Enterprise, REALTORS

    (901) 626-2990

    7 in this area

    307 Total Sales

    Camela Henke
    Section Image
  • Michael Bialowitz

    Buyer's Agent in 2020

    Michael Bialowitz

    River City Land Co., LLC

    (480) 599-4422

    1 in this area

    14 Total Sales

    Michael Bialowitz
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10074462

Memphis Area Association of REALTORS®

APN: D0-255B-D0-0004

Tennessee Shelby County Memphis 38125 Southern Shelby County

5540 Brook Shade Ln, Memphis, TN

This home is located at 5540 Brook Shade Ln, Memphis, TN 38125 since 25 March 2020 and is currently estimated at $257,713, approximately $161 per square foot. This property was built in 2004. 5540 Brook Shade Ln is a home located in Shelby County with nearby schools including Highland Oaks Elementary School, Highland Oaks Middle School, and Southwind High School.

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