181 E Cherry Dr in Memphis sells for $1.2 million

The $1,200,000 sale of 181 E Cherry Dr was 2.1 times the home's last recorded price of $565,000 in 2020, according to the Shelby County Assessor of Property's sales records.

The single-family home in Memphis sold on September 15, 2026, according to the sales records. The record lists Albertine Phillip And Lauren D Albertin Albertine as the buyer.

An aerial photo shows trees covering much of the lot, with other houses around it.

The Assessor's records show 4 bedrooms, 4.5 bathrooms, 4,946 square feet of living area, a build year of 1974 and a 20,321-square-foot lot. At that size, the sale price was $243 per square foot. The market value on record is $1,111,100.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Shelby County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $350 for the settlement / closing fee and $45 for the wire / courier / payoff processing. Who pays what follows Shelby County custom.

How much did the seller net?

By our estimate, the seller netted about $1,134,516. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $266,450 at closing. That covers the down payment and closing costs.

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