NOT LISTED FOR SALE

5599 Melvin Rd Memphis, TN 38120

Audubon Park Neighborhood

Estimated Value: $318,000 - $333,000

3 Beds
2 Baths
1,800-1,999 Sq Ft
$162/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $155,000 $78 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $1,959/month

80 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Corner Lot
  • Richland Elementary School Rated A-
  • Separate Formal Living Room
  • Home Office

About This Home

As of July 2016

charming East Memphis home on large corner lot 3 bedroom 2 bath home with living room, dinning room, eat in kitchen and separate den / master has office or sitting room attached / exterior in good condition / interior needs some work and updating / wonderful opportunity to buy and renovate to your taste

Last Agent to Sell the Property

Ben Strauch

Skyline Realty License #265513 Listed on: 04/28/2016

Last Buyer's Agent

Marc Scheinberg

Keller Williams Realty License #260832

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,288

Year Built

  • Built in 1958

Lot Details

  • 0.37 Acre Lot
  • Corner Lot
  • Few Trees

Home Design

  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,885 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Home Office
  • Storage Room
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Parking

  • 2 Car Detached Garage
  • Carport
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Parkview Acres Sec B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 068052 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,288

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Ranch
  • Detached Unit Type: General Residential
  • MLS Map #: 756B
  • MAAR Subdivision Name: PARKVIEW ACRES SEC B
  • List Price Per Sq Ft: 85
  • Number Of Stories: 1
  • Price Per Sq Ft: 82.23
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1885
  • Year Built: 1958
  • 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: 1800-1999
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedroom 3 Description: Level 1, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 2
  • Equipment: Disposal, Dishwasher
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Eat-In Kitchen, Breakfast Bar, Pantry, Washer/Dryer Connections
  • Misc Interior: Pull Down Attic Stairs
  • Other Rooms: Laundry Room, Office/Sewing Room, Entry Hall, Attic, Storage Room
  • Total Bathrooms: 2
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Built-In Cabinets/Bkcases, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer, Storm Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2D
  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Smoke Detector(s)
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Corner
  • Lot Number: 3
  • Acreage: 0.37
  • Lot Size: .37
  • Price Per Acre: 432162

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 068052 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2016
Closed on
Aug 4, 2016
Sold by
Sarah J Tice
Bought by
Cheffer Savanna L
Seller's Agent
Ben Strauch
Skyline Realty
Buyer's Agent
Marc Scheinberg
Keller Williams Realty
List Price
$175,000
Sold Price
$155,000
Premium/Discount to List
-$20,000
-11.43%
Current Estimated Value
$324,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,454
Avg. Annual Appreciation
8.56%
Original Mortgage
$152,192
Outstanding Balance
$122,550
Interest Rate
3.43%
Estimated Equity
$204,060
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
Cheffer Savanna L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheffer Savanna L $152,192
Closed Cheffer Savanna L --
Previous Owner Tice Sarah J $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2016 07/28/16 Sold $155,000 -11.4% $86 / Sq Ft
07/17/2016 07/17/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $175,000 -- $97 / 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 $2,288 $68,275 $10,000 $58,275
2024 $2,288 $67,500 $12,875 $54,625
2023 $4,112 $67,500 $12,875 $54,625
2022 $4,112 $67,500 $12,875 $54,625
2021 $4,160 $67,500 $12,875 $54,625
2020 $3,605 $49,750 $11,300 $38,450
2019 $3,605 $49,750 $11,300 $38,450
2018 $3,605 $49,750 $11,300 $38,450
2017 $2,045 $49,750 $11,300 $38,450
2016 $1,888 $43,200 $0 $0
2014 $1,888 $43,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ben Strauch

    Seller's Agent in 2016

    Ben Strauch

    Skyline Realty

    (901) 501-5126

    4 in this area

    58 Total Sales

    Section Image
  • Marc Scheinberg

    Buyer's Agent in 2016

    Marc Scheinberg

    Keller Williams Realty

    (901) 355-9453

    7 in this area

    76 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9975996

Memphis Area Association of REALTORS®

APN: 06-8052-0-0005

Tennessee Shelby County Memphis 38120 Audubon Park

5599 Melvin Rd, Memphis, TN

This home is located at 5599 Melvin Rd, Memphis, TN 38120 since 28 April 2016 and is currently estimated at $324,454, approximately $162 per square foot. This property was built in 1958. 5599 Melvin Rd is a home located in Shelby County with nearby schools including Richland Elementary School, White Station Middle, and White Station High.

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