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Memphis 38111 Jackson - University Area
952 PATTERSON CV
Photo of 952 PATTERSON CV
Sold on Sep 18, 2019

10

Map

Photo of 952 PATTERSON CV
Photo of 952 PATTERSON CV
$70,000
● House - Off Market

952 PATTERSON CV

Memphis, TN 38111
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$124,579
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

If an investment property is your cup of tea then check this 4 bedroom, 2 full bath home out. Needs some TLC but the return is there!
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$52
Property Type
House
Property Taxes
$108
HOA Dues
-
Year Built
1947

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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 #RTC3504435)

Price History

Date / Event Date Event Price
Sep 18, 2019 Sold
Premium
Sold
Jul 30, 2019 Listed by Crye-Leike Realtors $85,000
Listed by Crye-Leike Realtors

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,280
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,096
  • Gross Building Area: 2,184
  • Building Area: 2,096
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,096
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATTERSON COVE
  • Land Acres: 0000000167
  • Standard Land Use Code: 1001
  • County Land Use Code: 062

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 008000

Zoning

  • Zoning: RU-1

Geography

  • District: O
  • Parcel: 05-8046-0-0054
  • Lot: 19
  • Municipality: MEMPHIS
  • Latitude: 35.1054
  • Longitude: -89.9413

    Address

  • Full Address: 952 Patterson Cv
  • Address - House Number: 952
  • Address - Street Name: Patterson
  • Address - Suffix Type: Cv
  • State: TN
  • City Name: Memphis
  • Carrier Code: C096
  • 4-Digit Zip Code: 5632
  • Zip Code: 38111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $153,205

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 408,855
  • High Value: 594,805
  • Low Value: 222,904

    Market Valuation

  • Market Total Value: $100,600
  • Market Land Value: $16,300
  • Market Improvement Value: $84,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,150
  • Assessed Land Value: $4,075
  • Assessed Improvements Value: $21,075

    Sales

  • Current Sale Contract Date: Sep 18, 2019
  • Current Sale Recording Date: Sep 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19097297
  • Previous Sale Recording Date: Sep 28, 2009
  • Previous Sale Contract Date: Sep 25, 2009
  • 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 Jackson - University Area

Stats & Trends

Median Asking:

$189,951

Sale Price/ft²

$134

Below Asking

0.01%

Average Days on Market

116

Average Home Size

2190 ft²

Average Home Age

72.3 years

Currently For Sale

8 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: Katy McAlexander, Crye-Leike Realtors
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3504435
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 952 Patterson Cove built and last sold?
The property at 952 Patterson Cove was built in 1947 and last sold on Sep 18, 2019 for $70,000.
How much is this home worth?
The estimated value of the home located at 952 Patterson Cove is $93,593.
What are some comparable homes to 952 Patterson Cove?
There are currently no comparable homes to 952 Patterson Cove.
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