NOT LISTED FOR SALE

5729 Palo Verde Dr Unit 1 Memphis, TN 38115

Fox Meadows Neighborhood

Estimated Value: $35,000 - $51,000

1 Bed
1 Bath
100-999 Sq Ft
$40/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $8,000 $8 Per Sq Ft

Est. 401% increase in value since last sale

Current estimated payment $252/month

40 Days on Market

Highlights

  • In Ground Pool
  • Traditional Architecture
  • Tennis Courts
  • Clubhouse
  • Separate Formal Living Room
  • Courtyard

About This Home

As of July 2013

This home is located at 5729 Palo Verde Dr Unit 1, Memphis, TN 38115 since 11 June 2013 and is currently estimated at $40,069, approximately $400 per square foot. This property was built in 1973. 5729 Palo Verde Dr Unit 1 is a home located in Shelby County with nearby schools including Fox Meadows Elementary School, Wooddale High School, and Cornerstone Prep School.

Last Agent to Sell the Property

Vatresa Word

Delta Realty Group LLC License #263209 Listed on: 06/11/2013

Last Buyer's Agent

Mike Saine

Braden, Braden & Braden LLC License #293467

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1973

Lot Details

  • 2,570

Parking

  • Parking Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 722 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Separate Formal Living Room
  • Dining Room

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool
  • Courtyard

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 074090 A00265

Community Details

Overview

  • Property has a Home Owners Association
  • $150 Maintenance Fee
  • The Hamlets Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Cross Street: MTMORIAH
  • MLS Map #: 784B
  • MAAR Subdivision Name: HAMLETS (THE)
  • Condo: Yes
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 11.08
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 722
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Total Bathrooms: 1

Exterior Features

  • Exterior Windows: Aluminum/Steel Siding
  • Pool Description: In Ground

Garage/Parking

  • Parking Storage: Parking Lot

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Condo Amenities: Tennis Court(s), Clubhouse w/Baths, Courtyard
  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 150

Lot Info

  • Lot Number: UNIT155D
  • Price Per Acre: 43995

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 074090 A00265

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2013
Closed on
Jul 31, 2013
Sold by
Nelson Christopher Sherrod
Bought by
Ctn Enterprises
Seller's Agent
Vatresa Word
Delta Realty Group LLC
Buyer's Agent
Mike Saine
Braden, Braden & Braden LLC
List Price
$9,999
Sold Price
$8,000
Premium/Discount to List
-$1,999
-19.99%
Total Days on Market
40
Current Estimated Value
$40,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,069
Avg. Annual Appreciation
14.56%

Purchase Details

Closed on
May 19, 2010
Sold by
Hodges Mabon L
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jan 30, 2007
Sold by
Hodges Mabon L
Bought by
Hodges Sheila A

Purchase Details

Closed on
Nov 27, 2006
Sold by
Seven Villages East
Bought by
The Hamlets Inc

Purchase Details

Closed on
Aug 29, 1997
Sold by
Waddell Mary Ann
Bought by
Hodges Mabon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,650
Interest Rate
7.43%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Ctn Enterprises $8,000 Multiple
Secretary Of Housing & Urban Development $25,695 None Available
Hodges Sheila A -- None Available
The Hamlets Inc $11,289 None Available
Hodges Mabon L $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hodges Mabon L $27,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2013 07/31/13 Sold $8,000 -20.0% $80 / Sq Ft
07/21/2013 07/21/13 Pending -- -- --
06/11/2013 06/11/13 For Sale $9,999 -- $100 / 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 -- $9,375 $950 $8,425
2024 -- $5,250 $950 $4,300
2023 $320 $5,250 $950 $4,300
2022 $320 $5,250 $950 $4,300
2021 $324 $5,250 $950 $4,300
2020 $286 $3,950 $950 $3,000
2019 $286 $3,950 $950 $3,000
2018 $286 $3,950 $950 $3,000
2017 $162 $3,950 $950 $3,000
2016 $248 $5,675 $0 $0
2014 $248 $5,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2013

    Vatresa Word

    Delta Realty Group LLC

    (901) 453-0677

    14 Total Sales

    Vatresa Word
    Section Image
  • Mike Saine

    Buyer's Agent in 2013

    Mike Saine

    Braden, Braden & Braden LLC

    (901) 331-2240

    2 in this area

    23 Total Sales

    Mike Saine
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3273698

Memphis Area Association of REALTORS®

APN: 07-4090-A0-0265

Tennessee Shelby County Memphis 38115 Fox Meadows

5729 Palo Verde Dr Unit 1, Memphis, TN

This home is located at 5729 Palo Verde Dr Unit 1, Memphis, TN 38115 since 11 June 2013 and is currently estimated at $40,069, approximately $40 per square foot. This property was built in 1973. 5729 Palo Verde Dr Unit 1 is a home located in Shelby County with nearby schools including Fox Meadows Elementary School, Wooddale High School, and Cornerstone Prep School.

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