NOT LISTED FOR SALE

60 5th St Gates, TN 38037

Estimated Value: $98,000 - $119,000

2 Beds
1 Bath
1,400-1,599 Sq Ft
$68/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $22,000 $14 Per Sq Ft

Est. 393% increase in value since last sale

Current estimated payment $615/month

Highlights

  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Separate Formal Living Room
  • Deck
  • Attic
  • Corner Lot

About This Home

As of April 2019

Buy one get one FREE! Yes you read that correctly-- buy 60 5th St and get a tenant occupied house directly behind it facing 4th St for free! ($300/month income!). Built in 1920 and full of charm: original fireplaces, hardwood floors, tall ceilings, bayed windows, and more. It does have ch/a, newer water heater, and some appliances included. The smaller house is 1092 sq. ft., built in 1950 & is in need of repairs. Both homes sold as-is, where is with no warranty. Perfect investment opportunity!

Last Agent to Sell the Property

Pamela Worley

Unique Properties License #316672 Listed on: 03/14/2019

Last Buyer's Agent

Steve Worley

Unique Properties License #347983

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $444

Year Built

  • Built in 1920

Lot Details

  • 0.47 Acre Lot
  • Corner Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Bungalow
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 2,602 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Decorative Fireplace
  • Some Wood Windows
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Ramps

Outdoor Features

  • Deck
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • French Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 039M E 016.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$444

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Bungalow
  • Detached Unit Type: General Residential
  • Cross Street: Hill House St
  • MLS Map #: 691G
  • MAAR Subdivision Name: French Subdivision
  • Handicap Design: Ramp
  • List Price Per Sq Ft: 10
  • Number Of Stories: 1
  • Price Per Sq Ft: 8.46
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2602
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath, Laundry Room, Breakfast Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Fireplace: Presently Inoperative, Decorative Only, In Primary Bedroom
  • Floors/Ceilings: Part Hardwood, Vinyl Floor
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Refrigerator, Dryer
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Eat-In Kitchen, Separate Breakfast Room, Washer/Dryer Connections
  • Misc Interior: Pull Down Attic Stairs
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Room, Attic
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Hardwood Floor

Exterior Features

  • Misc Exterior: Storage Building, Porch, Deck
  • Exterior Windows: Wood/Composition, Wood Window(s), Storm Door(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Security: Smoke Detector(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Corner
  • Acreage: 0.47
  • Lot Size: 100x202 IRR
  • Price Per Acre: 53191

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 039M E 016.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2019
Closed on
Apr 5, 2019
Sold by
Demps David
Bought by
Moore Rodney and Moore Mary Gail
Seller's Agent
Pamela Worley
Unique Properties
Buyer's Agent
Steve Worley
Unique Properties
List Price
$25,000
Sold Price
$22,000
Premium/Discount to List
-$3,000
-12%
Current Estimated Value
$108,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,500
Avg. Annual Appreciation
26.85%

Purchase Details

Closed on
Jan 2, 1985
Bought by
Demps David and Demps Mary

Purchase Details

Closed on
Jan 1, 1985
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
Moore Rodney $22,000 --
Demps David $17,000 --
-- $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demps David $45,561
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2019 04/05/19 Sold $22,000 -12.0% $16 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $25,000 -- $18 / 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
2024 $444 $17,500 $1,425 $16,075
2023 $765 $17,500 $1,425 $16,075
2022 $765 $17,500 $1,425 $16,075
2021 $765 $17,500 $1,425 $16,075
2020 $765 $17,500 $1,425 $16,075
2019 $765 $15,250 $1,775 $13,475
2018 $758 $15,250 $1,775 $13,475
2017 $761 $15,125 $1,775 $13,350
2016 $761 $15,125 $1,775 $13,350
2015 $744 $15,125 $1,775 $13,350
2014 $452 $15,600 $1,775 $13,825
Source: Public Records

Agents Affiliated with this Home

  • Pamela Worley

    Seller's Agent in 2019

    Pamela Worley

    Unique Properties

    (731) 413-0324

    157 Total Sales

    Pamela Worley
    Section Image
  • Steve Worley

    Buyer's Agent in 2019

    Steve Worley

    Unique Properties

    (731) 413-0465

    70 Total Sales

    Steve Worley
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048041

Memphis Area Association of REALTORS®

APN: 039M-E-016.00

Tennessee Lauderdale County Gates 38037

60 5th St, Gates, TN

This home is located at 60 5th St, Gates, TN 38037 since 14 March 2019 and is currently estimated at $108,500, approximately $67 per square foot. This property was built in 1920. 60 5th St is a home located in Lauderdale County with nearby schools including Halls Elementary School, Halls Junior High School, and Halls High School.

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