NOT LISTED FOR SALE

724 Western Park Dr Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $107,000 - $127,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$83/Sq Ft Est. Value

Last Sold June 23, 2020

Last sale price $77,500 $55 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $690/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • 4-minute walk to Westwood Park

About This Home

As of June 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $750 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: 05/22/2020

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $662

Year Built

  • Built in 1961

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x125
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,288 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Chickasaw Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075128 00029

Home Details

Home Type

Single Family

Est. Annual Taxes

$662

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: 60
  • Number Of Stories: 1
  • Price Per Sq Ft: 60.17
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1288
  • 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, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 2
  • 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
  • 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: Some Trees
  • Lot Number: 227
  • Acreage: 0.17
  • Lot Size: 60x125
  • Price Per Acre: 455882

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 075128 00029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jun 22, 2020
Sold by
Memphis Investment Properites Ii Llc
Bought by
Spore Caleb
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$77,500
Sold Price
$77,500
Current Estimated Value
$116,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,053
Avg. Annual Appreciation
8.06%
Original Mortgage
$62,000
Outstanding Balance
$55,441
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$60,108

Purchase Details

Closed on
Mar 23, 2020
Sold by
Simpson Albert and Pilcher Lewis
Bought by
Memphis Investments 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
$65,000
Interest Rate
3.4%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Spore Caleb $77,500 Delta Title Services Llc
Memphis Investments Properties Ii Llc $25,500 Delta Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spore Caleb $62,000
Previous Owner Memphis Investments Properties Ii Llc $65,000
Previous Owner Pilcher Lewis C $39,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2020 06/23/20 Sold $77,500 0.0% $65 / Sq Ft
05/22/2020 05/22/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $77,500 -- $65 / 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 $662 $25,850 $2,575 $23,275
2024 $662 $19,525 $2,125 $17,400
2023 $1,189 $19,525 $2,125 $17,400
2022 $1,189 $19,525 $2,125 $17,400
2021 $674 $19,525 $2,125 $17,400
2020 $967 $13,350 $2,125 $11,225
2019 $427 $13,350 $2,125 $11,225
2018 $427 $13,350 $2,125 $11,225
2017 $437 $13,350 $2,125 $11,225
2016 $540 $12,350 $0 $0
2014 $540 $12,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    24 in this area

    428 Total Sales

    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    24 in this area

    445 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10077026

Memphis Area Association of REALTORS®

APN: 07-5128-0-0029

Tennessee Shelby County Memphis 38109 Westwood

724 Western Park Dr, Memphis, TN

This home is located at 724 Western Park Dr, Memphis, TN 38109 since 22 May 2020 and is currently estimated at $116,553, approximately $83 per square foot. This property was built in 1961. 724 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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