by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Memphis 38117 Colonial Acres
1632 IVY RD
Photo of 1632 IVY RD
Sold on Feb 23, 2023

14

Map

Photo of 1632 IVY RD
Photo of 1632 IVY RD
$177,000
● House - Off Market

1632 IVY RD

Memphis, TN 38117
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,071 Ft²
$182,747
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

If you like a cozy, homey feel, excellent maintenance and convenient location, this is the house for you!  This single story brick has 3 bedrooms, bath and a half, hardwood under carpet, separate living/dining areas, good storage, covered parking and a gigantic fenced yard! The location is closed to shopping & expressway which allows easy access to downtown, midtown and out east! Current owner has replaced sewer line, stove, porch columns, hall bath shower faucet and shower head and more!
Unit Size
1,071 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$163
Property Type
House
Property Taxes
$148
HOA Dues
-
Year Built
1956

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Realtracs #RTC3503585)

Price History

Date / Event Date Event Price
Feb 23, 2023 Sold
Premium
Sold
Jan 21, 2023 Listed by Crye-Leike Realtors $174,900
Listed by Crye-Leike Realtors

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,980
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,071
  • Gross Building Area: 1,071
  • Building Area: 1,071
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,071
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL VILLAGE SEC D
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 062

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009400

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 19-33
  • District: O
  • Parcel: 06-6074-0-0023
  • Lot: 353
  • Municipality: MEMPHIS
  • Latitude: 35.0871
  • Longitude: -89.8991

    Address

  • Full Address: 1632 Ivy Rd
  • Address - House Number: 1632
  • Address - Street Name: Ivy
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C043
  • 4-Digit Zip Code: 6726
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $175,440

    Appraisal Valuation

  • Standard Deviation: 0.2743
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 180,129
  • High Value: 229,548
  • Low Value: 130,709

    Market Valuation

  • Market Total Value: $115,200
  • Market Land Value: $20,900
  • Market Improvement Value: $94,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,800
  • Assessed Land Value: $5,225
  • Assessed Improvements Value: $23,575

    Sales

  • Current Sale Contract Date: Feb 23, 2023
  • Current Sale Recording Date: Mar 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21103
  • Previous Sale Recording Date: Dec 27, 2017
  • Previous Sale Contract Date: Dec 22, 2017
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Colonial Acres

Stats & Trends

Median Asking:

$219,450

Sale Price/ft²

$158

Below Asking

0.03%

Average Days on Market

97

Average Home Size

2055 ft²

Average Home Age

74 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Mary Jeffrey, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3503585
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1632 Ivy Road built and last sold?
The property at 1632 Ivy Road was built in 1956 and last sold on Feb 23, 2023 for $177,000.
How much is this home worth?
The estimated value of the home located at 1632 Ivy Road is $177,071.
What are some comparable homes to 1632 Ivy Road?
There are currently no comparable homes to 1632 Ivy Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Memphis Homes for Sale
Memphis Houses for Sale
Memphis Condos for Sale
Memphis Townhouses for Sale
Memphis Multifamily for Sale
Memphis Land for Sale
Memphis Commercial for Sale
Memphis Homes with Basements
Nearby Cities
Collierville Homes for Sale
Southaven Homes for Sale
Bartlett Homes for Sale
Olive Branch Homes for Sale
Germantown Homes for Sale
Hernando Homes for Sale
Oakland Homes for Sale
Arlington Homes for Sale
Nearby Property Records
Shelby County, TN Property Records
DeSoto County, MS Property Records
Crittenden County, AR Property Records
Fayette County, TN Property Records
Tipton County, TN Property Records
Tate County, MS Property Records
Marshall County, MS Property Records
St. Francis County, AR Property Records
Neighborhoods
Alliance of Cordova Neighborhoods Real Estate
Gray's Creek Real Estate
Colonial Acres Real Estate
Springhill Community Civic Club Real Estate
Sea Isle Park Real Estate
Binghampton-Lester Real Estate
Countrywood Real Estate
Concerned Citizens of Walnut Grove Real Estate
Nearby Counties
Shelby Homes for Sale
DeSoto Homes for Sale
Tipton Homes for Sale
Fayette Homes for Sale
Crittenden Homes for Sale
Marshall Homes for Sale
Hardeman Homes for Sale
Cross Homes for Sale
Top Real Estate Agents
Top Agents in Colonial Acres
Top Agents in Memphis
Top Agents in Shelby
Top Agents in DeSoto
Top Agents in 38654
Top Agents in 38017
Top Agents in Collierville
Top Agents in Southaven