NOT LISTED FOR SALE

5550 Park Ave Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $375,223 - $401,000

3 Beds
2 Baths
2,600-2,799 Sq Ft
$139/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $365,000 $130 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,207/month

59 Days on Market

Highlights

  • Fireplace in Hearth Room
  • Traditional Architecture
  • Separate Formal Living Room
  • White Station High Rated A
  • Wood Flooring
  • Great Room

About This Home

As of September 2022

This beautiful home located in a highly desirable East Memphis community features 3 Bedrooms, 2 baths with a spacious primary suite, large Great room, Bonus room, Dining room, hardwood floors, Freshly painted throughout, large parking pad, large fenced in backyard. Nice customed cedar and iron gate entering into backyard. This home has lots of charm.

Last Agent to Sell the Property

Cynthia Murrell

The Regal Group License #248208 Listed on: 07/08/2022

Last Buyer's Agent

Brett Bernard

The Stamps Real Estate Company License #346958

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,274

Year Built

  • Built in 1957

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 100x153
  • Wood Fence
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,600-2,799 Sq Ft Home
  • 2,610 Sq Ft Home
  • 1-Story Property
  • Fireplace in Hearth Room
  • Great Room
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Keeping Room
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Two Heating Systems
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Park Woodland 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 067086 00064

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,274

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Crestridge
  • MLS Map #: 759C
  • MAAR Subdivision Name: PARK WOODLAND 1ST ADD
  • List Price Per Sq Ft: 144
  • Number Of Stories: 1
  • Price Per Sq Ft: 139.85
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2610
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down
  • Estimated Heated Sq Ft Range: 2600-2799
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: In Keeping/Hearth room
  • Floors/Ceilings: Hardwood Throughout, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Great Room, Pantry, Washer/Dryer Connections, Keeping/Hearth Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Wood Fence
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas, Dual System
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 6
  • Acreage: 0.39
  • Keeping Hearth Dimension: 17X14
  • Lot Size: 100X153
  • Price Per Acre: 961538

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 067086 00064

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Sep 12, 2022
Sold by
Victor Trejo
Bought by
Davis Joseph Elmo and Davis Robin Schumacher
Seller's Agent
Cynthia Murrell
The Regal Group
Buyer's Agent
Brett Bernard
The Stamps Real Estate Company
List Price
$385,000
Sold Price
$365,000
Premium/Discount to List
-$20,000
-5.19%
Current Estimated Value
$368,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,370
Avg. Annual Appreciation
-0.05%
Original Mortgage
$292,000
Outstanding Balance
$252,711
Interest Rate
4.26%
Mortgage Type
New Conventional
Estimated Equity
$111,794

Purchase Details

Listed on
Aug 21, 2013
Closed on
Apr 8, 2014
Sold by
Webb Linda
Bought by
Trejo Victor
Seller's Agent
Larry Webb
Dream Maker Realty, LLC
Buyer's Agent
Cynthia Murrell
The Regal Group
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.09%
Original Mortgage
$108,185
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 2001
Sold by
Roberts Hildreth L and Roberts Dymple A
Bought by
Roberts Hildreth L and Webb Linda M
Source: Public Records

Range of Values:

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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
Davis Joseph Elmo $365,000 Baymark Title & Escrow Service
Trejo Victor $120,000 Delta Title Services Llc
Roberts Hildreth L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Joseph Elmo $292,000
Previous Owner Trejo Victor $3,295
Previous Owner Trejo Victor $108,185
Previous Owner Trejo Victor $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $365,000 -2.7% $140 / Sq Ft
08/07/2022 08/07/22 Price Changed $375,000 -2.6% $144 / Sq Ft
07/08/2022 07/08/22 For Sale $385,000 +220.8% $148 / Sq Ft
04/08/2014 04/08/14 Sold $120,000 -7.7% $46 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
08/21/2013 08/21/13 For Sale $130,000 -- $50 / 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 $2,274 $91,100 $15,925 $75,175
2024 $2,274 $67,075 $11,425 $55,650
2023 $4,086 $67,075 $11,425 $55,650
2022 $4,086 $67,075 $11,425 $55,650
2021 $2,314 $67,075 $11,425 $55,650
2020 $3,560 $49,125 $11,425 $37,700
2019 $1,570 $49,125 $11,425 $37,700
2018 $1,570 $49,125 $11,425 $37,700
2017 $1,607 $49,125 $11,425 $37,700
2016 $2,028 $46,400 $0 $0
2014 $2,028 $46,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Murrell

    Seller's Agent in 2022

    Cynthia Murrell

    The Regal Group

    (901) 870-3697

    1 in this area

    36 Total Sales

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  • Brett Bernard

    Buyer's Agent in 2022

    Brett Bernard

    The Stamps Real Estate Company

    (901) 692-7401

    1 in this area

    220 Total Sales

    Section Image
  • Larry Webb

    Seller's Agent in 2014

    Larry Webb

    Dream Maker Realty, LLC

    (901) 409-5478

    221 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10128330

Memphis Area Association of REALTORS®

APN: 06-7086-0-0064

Tennessee Shelby County Memphis 38119 Colonial Acres

5550 Park Ave, Memphis, TN

This home is located at 5550 Park Ave, Memphis, TN 38119 since 08 July 2022 and is currently estimated at $388,556, approximately $138 per square foot. This property was built in 1957. 5550 Park Ave is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and White Station High.

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