NOT LISTED FOR SALE

574 Western Park Dr Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $92,000 - $122,000

3 Beds
1 Bath
100-999 Sq Ft
$112/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $117,500 $118 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $666/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of September 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $895 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 08/24/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $704

Year Built

  • Built in 1961

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x132
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 914 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Chickasaw Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075117 00070

Home Details

Home Type

Single Family

Est. Annual Taxes

$704

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 765A
  • MAAR Subdivision Name: CHICKASAW VILLAGE
  • List Price Per Sq Ft: 129
  • Number Of Stories: 1
  • Price Per Sq Ft: 128.56
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 914
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 29
  • Acreage: 0.18
  • Lot Size: 60X132
  • Price Per Acre: 652778

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 075117 00070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jul 7, 2022
Sold by
Hb1 Alternative Holdings Llc
Bought by
Memphis Investment Properties Iii Llc
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Carol Tate
Tate Realty and Construction
List Price
$57,000
Sold Price
$57,100
Premium/Discount to List
$100
0.18%
Current Estimated Value
$111,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,547
Avg. Annual Appreciation
24.11%
Original Mortgage
$93,000
Interest Rate
5.09%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jun 29, 2022
Sold by
Federal National Mortgage Association
Bought by
Hb1 Alternative Holdings Llc
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Carol Tate
Tate Realty and Construction
List Price
$57,000
Sold Price
$57,100
Premium/Discount to List
$100
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
5.09%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 7, 2022
Sold by
Pickens Daisy
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 3, 2022
Sold by
Clear Recon Llc
Bought by
Federal National Mortgage Assn

Purchase Details

Closed on
Dec 5, 2017
Sold by
Muhammad Halimah
Bought by
Muhammad Halimah and Holocomb Richard
Source: Public Records

Range of Values:

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Average Value
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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
Memphis Investment Properties Iii Llc $57,100 Delta Title Services
Hb1 Alternative Holdings Llc -- Delta Title Services
Federal National Mortgage Association $56,874 None Available
Federal National Mortgage Assn $56,874 None Listed On Document
Muhammad Halimah -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Memphis Investment Properties Iii Llc $93,000
Previous Owner Harper Eddie $100,000
Previous Owner Pickens Daisy $76,500
Previous Owner Guenther Hans J $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $117,500 0.0% $1,175 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $117,500 +105.8% $1,175 / Sq Ft
07/13/2022 07/13/22 Sold $57,100 +0.2% $62 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $57,000 -- $62 / 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 $704 $27,850 $2,600 $25,250
2024 $704 $20,775 $2,150 $18,625
2023 $1,266 $20,775 $2,150 $18,625
2022 $682 $11,200 $2,150 $9,050
2021 $690 $11,200 $2,150 $9,050
2020 $774 $10,675 $2,150 $8,525
2019 $341 $10,675 $2,150 $8,525
2018 $341 $10,675 $2,150 $8,525
2017 $349 $10,675 $2,150 $8,525
2016 $434 $9,925 $0 $0
2014 $434 $9,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    24 in this area

    425 Total Sales

    Jim Reedy
    Section Image

  • C

    Seller's Agent in 2022

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    3 in this area

    38 Total Sales

    Carol Tate
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    24 in this area

    442 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10132125

Memphis Area Association of REALTORS®

APN: 07-5117-0-0070

Tennessee Shelby County Memphis 38109 Westwood

574 Western Park Dr, Memphis, TN

This home is located at 574 Western Park Dr, Memphis, TN 38109 since 24 August 2022 and is currently estimated at $111,647, approximately $111 per square foot. This property was built in 1961. 574 Western Park Dr is a home located in Shelby County with nearby schools including Levi Elementary School, Chickasaw Middle School, and Westwood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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