3580 Walnut Grove Rd, Memphis, TN 38111

3 beds, 2 baths, 1,450 sqft
Off Market
Zestimate®: $278,612
Rent Zestimate®: $1,173/mo
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My Notes
Edit
To be available by mid October, possibly sooner (remodeling in final phase).
Between High Point Terrace and Red Acres neighborhoods. Large lot, see aerial photograph for property outline designated within red box. This is a duplex that is comprised of 3580 and 3582 Walnut Grove. When facing from Walnut Grove, the right side is available, which is 3582 Walnut Grove.
Lawn care is provided. Has fenced in side yard with patio. Also has a comfortable sized outdoor dog kennel that is covered and shaded under trees for when you would like to leave your pet outside, new as of 2010 (tenant of 3580 Walnut Grove does not have any pets). Large steel reinforced carport for covered parking, 2 car parking in front, and additional parking in rear. Ample parking to accommodate 7 vehicles on paved parking comfortably in the rear. Has multiple walk in attic space for storage on 2nd floor.
Two bedrooms downstairs, one bedroom upstairs. Central air climate control. New central air system as of Fall 2011 (compressor, furnace, & coils). New sinks and elongated toilets as of April 2011. Electric water heater installed 2010. Hardwood floors throughout except for the carpeted stairs (carpet installed 2010). Full appliances included: washer/dryer, gas oven/stove, refrigerator, dishwasher, garbage disposal, microwave (optional).
A total of $17,000+ in interior renovations for 3582 Walnut Grove to be completed during September 2013. These extensive renovations include but are not limited to: Kitchen gutted and fully renovated (new and unused stainless steel fridge, new and unused stainless steel dishwasher, new and unused garbage disposal, custom cabinets with hidden/inside hinges, English Chestnut stain and brushed nickel knobs & handles. Laminate but beautiful granite style counters, new sink with high quality 3 piece faucet set. 4 layers of linoleum flooring removed and 18 inch on-point/diagonal tile floors installed. Wallpaper removed and walls repainted in Oxford Tan). New stainless steel and unused medicine cabinets with glass shelving and mirrors installed in both bathrooms with custom wood framing. New kitchen and bathroom lighting fixtures (kitchen has bright 4 light florescent bulbs that are softened behind antique bisque covering with wrought iron finishing, bathroom has 3 lights with glass shades and brushed nickel finishing). Bathrooms repainted, living room and dining room repainted where needed, new shoe molding for all rooms. New ceiling fans and lighting for two bedrooms. All hardwood floors were refinished and restored (sanded, stained in Colonial Maple, coated in semi-gloss polyurethane and buffed for a mirror like sheen). All 2 prong power outlets replaced with grounded 3 prong outlets for total of 35 new/modern outlets. Replaced buzzer doorbell with two tone chime & replaced doorbell button with LED lit brushed nickel.
This property was previously renting for $1300/monthly, only asking $100 extra because of the recent and extensive renovations, but implementing monthly pet fee because of the like new condition of the restored wood floors and new floor molding.
The official 2012 appraisal from Shelby Tennessee Assessor for this property is $357,300. Rent for a bargain price of $1400 per month and live in one of the most convenient, safest, & established areas of Memphis. Just a few blocks from the Memphis Greenline!
Neighborhood Description
Flanked by High Point Terrace and Red Acres neighborhoods, one of the most convenient, safest, & established areas of Memphis.
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Facts
  • Lot: 9,300 sqft
  • Multi Family
  • Built in 1950
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Jun 2006 for $230,000
Features
  • Attic
  • Barbecue
  • Cable Ready
  • Ceiling Fan
  • Fenced Yard
  • Fireplace
  • Flooring: Hardwood
  • Lawn
  • Parking: Garage - Detached, 2 spaces, 480 sqft
  • Patio
  • Porch
  • Storage
  • View: Park
Appliances Included
  • Dishwasher
  • Dryer
  • Garbage disposal
  • Microwave
  • Range / Oven
  • Refrigerator
  • Washer
Construction
  • Exterior material: Brick
  • Roof type: Shake Shingle
  • Room count: 7
  • # Stories: 2.0
  • Unit count: 2
Other
  • Floor size: 1,450 sqft
  • Heating: Gas
  • Last remodel year: 2013
  • Laundry: In Unit
  • Lot depth: 155
  • Lot width: 60
  • Parcel #: 044061 00066
  • Zillow Home ID: 42163562
Home Values
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$278,612
-$50,746 Last 30 daysd
$201K
$329K
Zestimate range
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,173/mo
-$46 Last 30 daysd
$809
$2K
Zestimate range

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Neighborhood for 3580 Walnut Grove Road

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Zillow predicts East Memphis-Colonial-Yorkshire home values will rise 2.8% next year, compared to a 2.6% rise for Memphis as a whole. Among East Memphis-Colonial-Yorkshire homes, this home is valued 208.2% more than the midpoint (median) home, and is valued 178.3% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the East Memphis-Colonial-Yorkshire market, the number of foreclosures waiting to be sold shrank 33% in the last year. The number of unsold foreclosures is 31.6% less than in Memphis, and 29.7% greater than the national average. This lower local number could help East Memphis-Colonial-Yorkshire home values rise more quickly than other regions in Memphis.

Learn more about forecast calculations or East Memphis-Colonial-Yorkshire home values.
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