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Memphis 38117 Colonial Acres
4923 KAYE RD
Photo of 4923 KAYE RD
Sold on Feb 26, 2024

21

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Photo of 4923 KAYE RD
Photo of 4923 KAYE RD
$275,000
● House - Off Market

4923 KAYE RD

Memphis, TN 38117
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,125 Ft²
$1,613
Est. Monthly

About This Property

Location, location, location! Attractive street convenient to restaurants, schools, shops, and expressway! With detached, covered parking this single story 3 bedroom is move in ready! So neat and clean with beautiful hardwoods, cool metal cabinets in very spacious kitchen, upgraded closets, SEPARATE laundry room, some freshly painted rooms and large, fenced back yard complete with covered outdoor entertaining/living area, you cannot go wrong on this one! PLUS, BRAND NEW HVAC & W/D & fridge stay!
Unit Size
1,125 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$253
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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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 #RTC3502205)

Price History

Date / Event Date Event Price
Feb 26, 2024 Sold
Premium
Sold
Dec 23, 2023 Listed by Crye-Leike Realtors $284,900
Listed by Crye-Leike Realtors

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 1
  • 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: 0
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,125
  • Gross Building Area: 1,125
  • Building Area: 1,125
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,125
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENN PARK 2ND
  • Land Acres: 0000000192
  • 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

  • District: O
  • Parcel: 06-5053-0-0006
  • Lot: 15
  • Municipality: MEMPHIS
  • Latitude: 35.1041
  • Longitude: -89.8978

    Address

  • Full Address: 4923 Kaye Rd
  • Address - House Number: 4923
  • Address - Street Name: Kaye
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Memphis
  • Carrier Code: C018
  • 4-Digit Zip Code: 5640
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $256,458

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 89
  • Final Value: 280,089
  • High Value: 310,593
  • Low Value: 249,585

    Market Valuation

  • Market Total Value: $168,400
  • Market Land Value: $36,200
  • Market Improvement Value: $132,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,100
  • Assessed Land Value: $9,050
  • Assessed Improvements Value: $33,050

    Sales

  • Current Sale Contract Date: Feb 27, 2024
  • Current Sale Recording Date: Mar 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18395
  • Previous Sale Recording Date: Nov 30, 2022
  • Previous Sale Contract Date: Nov 29, 2022
  • Previous Sale Amount: $265,000
  • 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

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Realtracs

Listed by: Mary Jeffrey, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3502205
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 4923 Kaye Road built and last sold?
The property at 4923 Kaye Road was built in 1954 and last sold on Feb 27, 2024 for $275,000.
How much is this home worth?
The estimated value of the home located at 4923 Kaye Road is $287,341.
What are some comparable homes to 4923 Kaye Road?
There are currently no comparable homes to 4923 Kaye Road.
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