NOT LISTED FOR SALE

5718 Myers Rd Memphis, TN 38115

Hickory Hill Neighborhood

Estimated Value: $141,431 - $146,000

2 Beds
2 Baths
2,536 Sq Ft
$57/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $140,000 $55 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $828/month

11 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Corner Lot

About This Home

As of April 2023

Excellent cash-flowing duplex generating $1750/mo! No showings without accepted offer. Professionally managed. Multiple offers. Highest and best due Wednesday 4/12 at 5pm.

Last Agent to Sell the Property

Caleb Parr

Renshaw Company, REALTORS License #340494 Listed on: 04/10/2023

Last Buyer's Agent

Wei Zhai

eXp Realty, LLC License #363957

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $815

Year Built

  • Built in 1973

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 85x110
  • Corner Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 2,536 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • Heritage Colony 1St Addn Rev Blk B Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, lawn maintenance
  • Assessor Parcel Number 093417 E00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$815

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 5720
  • MLS Map #: 785A
  • MAAR Subdivision Name: HERITAGE COLONY 1ST ADD BLK B
  • Freestanding: Yes
  • List Price Per Sq Ft: 53
  • Number Of Stories: 2
  • Price Per Sq Ft: 55.21
  • Estimated Sq Ft: 2536
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Description: Corner
  • Lot Number: 151
  • Acreage: 0.21
  • Lot Size: 85X110
  • Price Per Acre: 642857

Rental Info

  • Tenants Pay: All Utilities, Lawn Maintenance
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 093417 E00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Apr 24, 2023
Sold by
Kitakis Demetrios
Bought by
Xing Daihong
Seller's Agent
Caleb Parr
Renshaw Company, REALTORS
Buyer's Agent
Wei Zhai
eXp Realty, LLC
List Price
$135,000
Sold Price
$140,000
Premium/Discount to List
$5,000
3.7%
Views
1
Current Estimated Value
$143,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,358
Avg. Annual Appreciation
0.98%

Purchase Details

Closed on
Mar 19, 2021
Sold by
David Lipson Benjamin Aaron
Bought by
Kitakis Demetrios

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2017
Closed on
Mar 12, 2018
Sold by
Martin Reed Erica Denise
Bought by
David Lipson Benjamin Aaron and Kitakis Demetrios
Seller's Agent
Jeff Goff
Keller Williams
Buyer's Agent
Adam Watson
Keller Williams
List Price
$95,000
Sold Price
$69,000
Premium/Discount to List
-$26,000
-27.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.16%
Original Mortgage
$51,750
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2006
Sold by
Hibbler Jimmy
Bought by
Herndon Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
9.5%
Mortgage Type
Unknown
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
Xing Daihong $140,000 Foundation Title
Kitakis Demetrios -- Accommodation
David Lipson Benjamin Aaron $69,000 Title & Escrow Servicesinc
Herndon Erica $87,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kitakis Demetrios $70,000
Previous Owner David Lipson Benjamin Aaron $51,750
Previous Owner Herndon Erica $87,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $140,000 +3.7% $55 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $135,000 +95.7% $53 / Sq Ft
03/13/2018 03/13/18 Sold $69,000 -27.4% $27 / Sq Ft
11/30/2017 11/30/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $95,000 -- $37 / 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 $815 $55,320 $8,600 $46,720
2024 $815 $24,040 $5,400 $18,640
2023 $1,464 $24,040 $5,400 $18,640
2022 $815 $24,040 $5,400 $18,640
2021 $1,482 $24,040 $5,400 $18,640
2020 $1,754 $24,200 $5,400 $18,800
2019 $773 $24,200 $5,400 $18,800
2018 $773 $24,200 $5,400 $18,800
2017 $792 $24,200 $5,400 $18,800
2016 $1,148 $26,280 $0 $0
2014 $1,148 $26,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Caleb Parr

    Seller's Agent in 2023

    Caleb Parr

    Renshaw Company, REALTORS

    (901) 484-0478

    10 in this area

    400 Total Sales

    Caleb Parr
    Section Image
  • Wei Zhai

    Buyer's Agent in 2023

    Wei Zhai

    eXp Realty, LLC

    (937) 654-1082

    4 in this area

    56 Total Sales

    Wei Zhai
    Section Image
  • Jeff Goff

    Seller's Agent in 2018

    Jeff Goff

    Keller Williams

    (901) 461-8830

    11 in this area

    160 Total Sales

    Jeff Goff
    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Jennifer Smith

    Keller Williams

    (901) 461-8830

    318 Total Sales

    Jennifer Smith
    Section Image
  • Adam Watson

    Buyer's Agent in 2018

    Adam Watson

    Keller Williams

    (901) 210-6595

    2 in this area

    90 Total Sales

    Adam Watson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10145563

Memphis Area Association of REALTORS®

APN: 09-3417-E0-0010

Tennessee Shelby County Memphis 38115 Hickory Hill

5718 Myers Rd, Memphis, TN

This home is located at 5718 Myers Rd, Memphis, TN 38115 since 10 April 2023 and is currently estimated at $143,358, approximately $56 per square foot. This property was built in 1973. 5718 Myers Rd is a home located in Shelby County with nearby schools including Hickory Ridge Elementary School, Wooddale High School, and Compass Community School Hickory Hill Campus.

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