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Memphis 38117 Sea Isle Park
5131 WHITEWAY DR
Photo of 5131 WHITEWAY DR
Sold on Nov 26, 2019

24

Map

Photo of 5131 WHITEWAY DR
Photo of 5131 WHITEWAY DR
$218,000
● House - Off Market

5131 WHITEWAY DR

Memphis, TN 38117
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,597 Ft²
$314,710
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

**OPEN SUNDAY, 11/3, 2-4 PM** Rare 4 bedroom, 2 full bath home with private laundry and 2 car garage (+3rd covered parking spot), wonderfully renovated throughout! This one checks all the boxes! Open concept, all new lighting, beautifully refinished hardwoods, remodeled kitchen with plenty of cabinet and counter space, tastefully redone bathrooms, tremendous storage, and a big backyard. Located on a quiet, well-maintained street. This one will not last long!
Unit Size
1,597 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$135
Property Type
House
Property Taxes
$201
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #RTC3504385)

Price History

Date / Event Date Event Price
Jun 28, 2022 No longer available -
No longer available
May 23, 2022 In contract -
In contract
May 19, 2022 Listed by Emmett Baird Realty, LLC $315,000
Listed by Emmett Baird Realty, LLC
This is a 4 bed 2 bath house with open kitchen with island, granite counter tops, stainless steel appliances, beautiful floors, updated bathrooms, covered patio, detached garage, & so much more!! Emmett Baird Realty does not hold earnest money.
Nov 26, 2019 Sold
Premium
Sold
Nov 1, 2019 Listed by Crye-Leike Realtors $215,000
Listed by Crye-Leike Realtors
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 4
  • Garage Square Area: 480
  • Parking Space Count: 1
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,051
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,597
  • Gross Building Area: 1,597
  • Building Area: 1,597
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,597
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY CLUB ESTATES
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 062

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009502

Zoning

  • Zoning: R-8

Geography

  • District: O
  • Parcel: 06-7036-0-0013
  • Lot: 1160
  • Municipality: MEMPHIS
  • Latitude: 35.0861
  • Longitude: -89.8903

    Address

  • Full Address: 5131 Whiteway Dr
  • Address - House Number: 5131
  • Address - Street Name: Whiteway
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C030
  • 4-Digit Zip Code: 7234
  • Zip Code: 38117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $358,645

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 322,424
  • High Value: 391,329
  • Low Value: 253,520

    Market Valuation

  • Market Total Value: $235,500
  • Market Land Value: $34,600
  • Market Improvement Value: $200,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,875
  • Assessed Land Value: $8,650
  • Assessed Improvements Value: $50,225

    Sales

  • Current Sale Contract Date: Jun 22, 2022
  • Current Sale Recording Date: Jul 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 73000
  • Previous Sale Recording Date: Dec 05, 2019
  • Previous Sale Contract Date: Nov 25, 2019
  • Previous Sale Amount: $218,000
  • 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 Sea Isle Park

Stats & Trends

Median Asking:

$214,900

Sale Price/ft²

$211

Below Asking

0.06%

Average Days on Market

74

Average Home Size

2046 ft²

Average Home Age

65 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

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Realtracs

Listed by: Katy McAlexander, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3504385
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 5131 Whiteway Drive built and last sold?
The property at 5131 Whiteway Drive was built in 1958 and last sold on Jun 22, 2022 for $320,000.
How much is this home worth?
The estimated value of the home located at 5131 Whiteway Drive is $318,150.
What are some comparable homes to 5131 Whiteway Drive?
There are currently no comparable homes to 5131 Whiteway Drive.
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