NOT LISTED FOR SALE

Estimated Value: $185,477 - $208,000

3 Beds
2.5 Baths
1,600-1,799 Sq Ft
$110/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $125,000 $69 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,188/month

Highlights

  • Updated Kitchen
  • Main Floor Primary Bedroom
  • Den
  • Traditional Architecture
  • 1 Fireplace
  • Some Wood Windows

About This Home

As of July 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $1,150 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: 06/07/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,261

Year Built

  • Built in 1979

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,650 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main

Utilities

  • Central Heating and Cooling System

Community Details

  • Ridgeway Estates Sec I Subdivision

Listing and Financial Details

  • Assessor Parcel Number 093510 O00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,261

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 786B
  • MAAR Subdivision Name: RIDGEWAY ESTATES SEC I
  • List Price Per Sq Ft: 76
  • Number Of Stories: 2
  • Price Per Sq Ft: 75.76
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1650
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Tile Floor
  • 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

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 1424
  • Acreage: 0.19
  • Lot Size: 65/40.12+51.17X174.32/171.40
  • Price Per Acre: 657895

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 093510 O00013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jul 18, 2019
Sold by
Memphis Investment Properties Ii Llc
Bought by
Ridgeway Michael
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$198,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,619
Avg. Annual Appreciation
9.18%
Original Mortgage
$100,000
Outstanding Balance
$88,356
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$125,092

Purchase Details

Closed on
May 8, 2019
Sold by
Cunningham Darren D and Cunningham Tara T
Bought by
Memphis Investment Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 12, 2017
Sold by
Cunningham Trust
Bought by
Cunningham Darren D and Cunningham Tara T

Purchase Details

Closed on
May 16, 2008
Sold by
Cunningham Darren D and Cunningham Tara T
Bought by
Cunningham Trust and Affordable Management Llc

Purchase Details

Closed on
Oct 21, 1998
Sold by
Cunningham Darren D and Cunningham Tara T
Bought by
Stewart Sherold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
10%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 29, 1997
Sold by
Cunningham Darren D and Cunningham Tara T
Bought by
Cunningham Darren D and Cunningham Tara T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.89%

Purchase Details

Closed on
Aug 23, 1996
Sold by
Crowe James A and Crowe Vickie M
Bought by
Cunningham Darren D and Cunningham Tara T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,030
Interest Rate
8%
Mortgage Type
VA
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
Ridgeway Michael $125,000 None Available
Memphis Investment Properties Ii Llc $75,000 Delta Title Services Llc
Cunningham Darren D -- None Available
Cunningham Trust -- None Available
Stewart Sherold $86,500 --
Cunningham Darren D -- --
Cunningham Darren D $76,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ridgeway Michael $100,000
Previous Owner Memphis Investment Properties Ii Llc $80,000
Previous Owner Cunningham Darren D $78,362
Previous Owner Stewart Sherold $82,500
Previous Owner Cunningham Darren D $25,000
Previous Owner Cunningham Darren D $78,030
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2019 07/17/19 Sold $125,000 0.0% $78 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $125,000 -- $78 / 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 $1,261 $48,650 $4,750 $43,900
2024 $1,261 $37,200 $4,150 $33,050
2023 $2,266 $37,200 $4,150 $33,050
2022 $2,266 $37,200 $4,150 $33,050
2021 $2,293 $37,200 $4,150 $33,050
2020 $1,353 $18,675 $4,150 $14,525
2019 $597 $18,675 $4,150 $14,525
2018 $597 $18,675 $4,150 $14,525
2017 $611 $18,675 $4,150 $14,525
2016 $760 $17,400 $0 $0
2014 $760 $17,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10054492

Memphis Area Association of REALTORS®

APN: 09-3510-O0-0013