NOT LISTED FOR SALE

885 Pearce St Unit 887 Memphis, TN 38107

North Memphis Neighborhood

Estimated Value: $84,000 - $138,716

2 Beds
1 Bath
1,445 Sq Ft
$73/Sq Ft Est. Value

Last Sold June 27, 2023

Last sale price $145,000 $100 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $601/month

102 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • 1-Story Property

About This Home

As of June 2023

Back on market. Buyer unable to obtain financing in a timely manner. Rehabbed Home. Rent is $1650/mo. Multiple properties, bulk sale preferred (may sell individually). Multiple properties recently rehabbed & sec 8 tenants (guaranteed rent). Don't disturb tenants. 3135 Woodrow, 803 Dunlap, 1033 Knew, 885 Pearce, 1033 Kney, 885 Pearce (total price 542k, total monthly rent $6005)

Last Agent to Sell the Property

Meatha Haynes Tapley

Crye-Leike, Inc., REALTORS License #312020 Listed on: 02/01/2023

Crye-Leike, Inc., REALTORS

Co-Listed By

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080

Last Buyer's Agent

Dean Harris

CrestCore Realty MphsBrokerage License #286759

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $289

Year Built

  • Built in 1948

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 88x125
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,445 Sq Ft Home
  • 1-Story Property

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Community Details

  • Churchwood Terrace S/D Subdivision

Listing and Financial Details

  • Assessor Parcel Number 027035 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$289

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 887
  • MLS Map #: 741D
  • MAAR Subdivision Name: CHURCHWOOD TERRACE
  • Freestanding: Yes
  • List Price Per Sq Ft: 100
  • Number Of Stories: 1
  • Price Per Sq Ft: 100.35
  • Estimated Sq Ft: 1445
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 4
  • Acreage: 0.25
  • Lot Size: 88X125
  • Price Per Acre: 580000

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 027035 00005

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
Jun 27, 2023
Sold by
Willangava Properties Llc
Bought by
Chhorr Kevin
Seller's Agent
Meatha Haynes Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$145,000
Sold Price
$145,000
Views
12
Current Estimated Value
$105,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,071
Avg. Annual Appreciation
-7.68%
Original Mortgage
$108,750
Outstanding Balance
$106,475
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$15,642

Purchase Details

Closed on
Feb 3, 2022
Sold by
Vickie Webb
Bought by
Willangava Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,430
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2012
Sold by
Webb Vickie
Bought by
Webb Vickie

Purchase Details

Closed on
Apr 2, 2003
Sold by
Tate Carel A
Bought by
Taylor Robert E
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
Chhorr Kevin $145,000 Foundation Title & Escrow
Willangava Properties Llc $33,500 None Listed On Document
Webb Vickie $7,000 Global Title & Escrow Co Llc
Taylor Robert E $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chhorr Kevin $108,750
Previous Owner Willangava Properties Llc $10,430
Previous Owner Willangava Properties Llc $100,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2023 06/27/23 Sold $145,000 0.0% $100 / Sq Ft
05/14/2023 05/14/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $145,000 0.0% $100 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $145,000 0.0% $100 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $145,000 -- $100 / 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 $289 $56,720 $3,000 $53,720
2024 $289 $8,520 $1,200 $7,320
2023 $519 $8,520 $1,200 $7,320
2022 $519 $8,520 $1,200 $7,320
2021 $617 $8,520 $1,200 $7,320
2020 $945 $13,040 $1,200 $11,840
2019 $417 $13,040 $1,200 $11,840
2018 $417 $13,040 $1,200 $11,840
2017 $427 $13,040 $1,200 $11,840
2016 $676 $15,480 $0 $0
2014 $676 $15,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Meatha Haynes Tapley

    Seller's Agent in 2023

    Meatha Haynes Tapley

    Crye-Leike, Inc., REALTORS

    (901) 288-5582

    5 in this area

    243 Total Sales

    Meatha Haynes Tapley
    Section Image
  • Tyler Tapley

    Seller Co-Listing Agent in 2023

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    17 in this area

    1,226 Total Sales

    Tyler Tapley
    Section Image
  • Dean Harris

    Buyer's Agent in 2023

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    37 in this area

    1,426 Total Sales

    Dean Harris
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10141302

Memphis Area Association of REALTORS®

APN: 02-7035-0-0005

Tennessee Shelby County Memphis 38107 North Memphis

885 Pearce St Unit 887, Memphis, TN

This home is located at 885 Pearce St Unit 887, Memphis, TN 38107 since 01 February 2023 and is currently estimated at $105,929, approximately $73 per square foot. This property was built in 1948. 885 Pearce St Unit 887 is a home located in Shelby County with nearby schools including Manassas High School, Memphis Scholars Caldwell-Guthrie, and Perea Elementary School.

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