NOT LISTED FOR SALE

70 Cherry Rd Memphis, TN 38117

East Memphis Neighborhood

Estimated Value: $1,498,000 - $1,653,000

5 Beds
4 Baths
5,500-5,999 Sq Ft
$261/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $1,475,000 $246 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,927/month

Highlights

  • 0.7 Acre Lot
  • Traditional Architecture
  • Brick Veneer
  • White Station High Rated A
  • 2 Fireplaces
  • Patio

About This Home

As of December 2021

Absolutely wonderful and all new inside and out! FOR COMP PURPOSES ONLY

Last Agent to Sell the Property

Jimmy Reed

Marx-Bensdorf, REALTORS License #205881 Listed on: 12/27/2021

Last Buyer's Agent

Jimmy Reed

Marx-Bensdorf, REALTORS License #205881 Listed on: 12/27/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 110x278
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 5,500-5,999 Sq Ft Home
  • 5,692 Sq Ft Home
  • 1.4-Story Property
  • 2 Fireplaces

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Patio
  • Central Air

Community Details

  • Loyd Templetons Cherry Road Subdivision

Listing and Financial Details

  • Assessor Parcel Number 057025 00021

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: BELLE MEADE
  • List Price Per Sq Ft: 259
  • Number Of Stories: 1.4
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 5692
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 5500 - 5999
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Number Of Fireplaces: 2

Exterior Features

  • Misc Exterior: Patio
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2

Utilities

  • Cooling: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 2
  • Acreage: 0.7
  • Lot Size: 110X278

Tax Info

  • Assessor Parcel Number: 057025 00021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2021
Closed on
Dec 28, 2021
Sold by
Russell David A and Russell Janice R
Bought by
Veluswamy Hemanth R and Patel She
Seller's Agent
Jimmy Reed
Marx-Bensdorf, REALTORS
Buyer's Agent
Jimmy Reed
Marx-Bensdorf, REALTORS
List Price
$1,475,000
Sold Price
$1,475,000
Current Estimated Value
$1,568,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,348
Avg. Annual Appreciation
1.52%
Original Mortgage
$1,180,000
Outstanding Balance
$1,085,654
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$482,694

Purchase Details

Closed on
Jun 16, 2015
Sold by
Shipman David A and Shipman Ashley L
Bought by
Russell David A and Russell Janice R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2012
Closed on
Feb 1, 2013
Sold by
Ryan Matthew A and Ryan Elizabeth R
Bought by
Shipman David A and Shipman Ashley L
Seller's Agent
Judy McLellan
Crye-Leike, Inc., REALTORS
Buyer's Agent
Trey Hogue
Crye-Leike, Inc., REALTORS
List Price
$749,000
Sold Price
$720,000
Premium/Discount to List
-$29,000
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$576,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2009
Sold by
Falls Edward and Falls Jacqueline A
Bought by
Ryan Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
5.48%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Veluswamy Hemanth R $1,475,000 None Available
Russell David A $950,000 Memphis Title Co
Shipman David A $720,000 Realty Title & Escrow
Ryan Matthew A $620,000 Realty Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veluswamy Hemanth R $1,180,000
Previous Owner Russell David A $417,000
Previous Owner Shipman David A $576,000
Previous Owner Ryan Matthew A $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2021 12/27/21 Sold $1,475,000 0.0% $268 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
12/27/2021 12/27/21 For Sale $1,475,000 +104.9% $268 / Sq Ft
02/01/2013 02/01/13 Sold $720,000 -3.9% $155 / Sq Ft View Prior Sale
12/07/2012 12/07/12 Pending -- -- --
11/30/2012 11/30/12 For Sale $749,000 -- $161 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $9,201 $382,125 $107,650 $274,475
2024 $9,201 $271,425 $96,400 $175,025
2023 $16,534 $271,425 $96,400 $175,025
2022 $16,534 $271,425 $96,400 $175,025
2021 $16,728 $271,425 $96,400 $175,025
2020 $16,082 $271,050 $96,400 $174,650
2019 $8,663 $271,050 $96,400 $174,650
2018 $8,663 $271,050 $96,400 $174,650
2017 $8,867 $271,050 $96,400 $174,650
2016 $11,585 $265,100 $0 $0
2014 $7,975 $182,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jimmy Reed

    Seller's Agent in 2021

    Jimmy Reed

    Marx-Bensdorf, REALTORS

    (901) 461-1868

    25 in this area

    125 Total Sales

    Jimmy Reed
    Section Image
  • Judy McLellan

    Seller's Agent in 2013

    Judy McLellan

    Crye-Leike, Inc., REALTORS

    (901) 277-5839

    31 in this area

    353 Total Sales

    Judy McLellan
    Section Image

  • M

    Seller Co-Listing Agent in 2013

    Mickey McLellan

    Crye-Leike, Inc., REALTORS

    (901) 277-5840

    23 in this area

    229 Total Sales

    Mickey McLellan
    Section Image
  • Trey Hogue

    Buyer's Agent in 2013

    Trey Hogue

    Crye-Leike

    (901) 652-3644

    2 in this area

    6 Total Sales

    Trey Hogue
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10115050

Memphis Area Association of REALTORS®

APN: 05-7025-0-0021

Tennessee Shelby County Memphis 38117 East Memphis

70 Cherry Rd, Memphis, TN

Not Listed for Sale

Detached

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