See Home Value
Memphis 38122
4023 PHILWOOD
$239,000*
House - Off Market

4023 PHILWOOD

Memphis, TN 38122
bedrooms
3 Beds
bathrooms
2 Baths
$216,000 - $262,000
Reference Base Price*
0.00%
Since Dec 1, 2023
National-US
Primary Model
Sold Mar 22, 2023
$200,000
Sold Jul 29, 2002
$100,000
$95,000 by Union Planters Bank National A
Mortgage Due Aug 01, 2032

About This Property

Turnkey buy and hold rental investment property with lease in-place at solid 9.88% gross cap rate. 3 bedroom, 2 bathroom home in a great High Point Terrace location features TWO bonus rooms offering additional square footage that can be utilized to suit your needs. The kitchen was recently updated & the home has fresh paint & stainless steel appliances. Central location convenient to East Memphis, University of Memphis & Midtown. Walking distance to the Shelby Farms Greenline.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Nov 2, 2023 No longer available -
No longer available
Jul 13, 2023 Price Decreased $239,000
↓ $10K (4%)
Price Decreased
Jun 20, 2023 Listed $249,000
Listed
Mar 22, 2023 Sold to Frank Loretz $200,000
Sold to Frank Loretz

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 6,047
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,885
  • Gross Building Area: 2,065
  • Building Area: 1,485
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,485
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHARON
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LORETZ FRANK
  • Previous Owner : STEVENS JOHN PAUL
  • Owner Before Previous Owner: COURSON OPAL B

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008600

Zoning

  • Zoning: R-6

Geography

  • District: O
  • Parcel: 05-5003-0-0006
  • Lot: 6
  • Municipality: MEMPHIS
  • Latitude: 35.1459
  • Longitude: -89.9267

    Address

  • Full Address: 4023 Philwood Ave
  • Address - House Number: 4023
  • Address - Street Name: Philwood
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C055
  • 4-Digit Zip Code: 3805
  • Zip Code: 38122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,880

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 233,652
  • High Value: 259,118
  • Low Value: 208,186

    Market Valuation

  • Market Total Value: $254,800
  • Market Land Value: $29,000
  • Market Improvement Value: $225,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,700
  • Assessed Land Value: $7,250
  • Assessed Improvements Value: $56,450

    Sales

  • Current Sale Contract Date: Mar 21, 2023
  • Current Sale Recording Date: Mar 22, 2023
  • Current Sale Transaction ID: 11903929957
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 22675
  • Previous Sale Recording Date: Jul 29, 2002
  • Previous Sale Contract Date: Jul 23, 2002
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: UNION PLANTERS BANK NATIONAL A
  • Previous Mortgage Transaction Date: Jul 29, 2002
  • Previous Mortgage Loan Amount: $95,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Aug 01, 2032



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$225,000 Jun 23, 2023
-
$231/mo
House
3 Beds
1 Bath
-
$219,900 Mar 21, 2023
-
$263/mo
House
3 Beds
2 Baths
-
$274,500 Jun 15, 2023
-
$226/mo
House
3 Beds
2 Baths
-
$284,900 Sep 15, 2023
-
$266/mo
House
2 Beds
1 Bath
-
$270,000 Sep 15, 2023
-
$196/mo
House
4 Beds
2 Baths
-
$220,000 Sep 1, 2023
-
$122/mo

About Memphis


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Frequently Asked Questions

When was property at 4023 Philwood Avenue built and last sold?
The property at 4023 Philwood Avenue was built in 1950 and last sold on Mar 21, 2023 for $200,000.
How much is this home worth?
The estimated value of the home located at 4023 Philwood Avenue is $241,390.
What are some comparable homes to 4023 Philwood Avenue?
Homes that are comparable to 4023 Philwood Avenue include a house property at 416 North Graham Street, 456 Gerald Road, 523 Vaughn Road.

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