NOT LISTED FOR SALE

1022 University St Memphis, TN 38107

Hyde Park Neighborhood

Estimated Value: $155,331 - $230,000

2 Beds
2 Baths
2,880 Sq Ft
$67/Sq Ft Est. Value

Last Sold December 26, 2018

Last sale price $75,000 $26 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $1,103/month

28 Days on Market

Highlights

  • Traditional Architecture
  • Brick Veneer
  • Dining Area
  • 1 Fireplace
  • Central Heating and Cooling System
  • 3-minute walk to University Park

About This Home

As of December 2018

This 2 unit buildiing is located near midtown. The units are both 2 bedrooms. The total scheduled monthly rent is 1480 per month. Drive by only. Please do not disturb residents. Interior inspection with acceptable offer.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 10/11/2018

Crye-Leike Commercial

Last Buyer's Agent

Duane Kinnard

Tri-Leake Realty License #335044

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 70 x 125
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Dining Area
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Vollentine Park Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 041034 00154

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Vollintine
  • Second Address Number: 1024
  • MAAR Subdivision Name: VOLLINTINE EVERGREEN
  • Freestanding: Yes
  • List Price Per Sq Ft: 30
  • Number Of Stories: 2
  • Estimated Sq Ft: 2880
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor
  • Number Of Fireplaces: 1

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 27
  • Acreage: 0.2
  • Lot Size: 70 X 125

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 041034 00154

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2022
Sold by
Jack Keleshian Hagop
Bought by
Comfylife45 Llc
Current Estimated Value
$193,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Outstanding Balance
$144,953
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$48,880

Purchase Details

Listed on
Oct 11, 2018
Closed on
Dec 26, 2018
Sold by
Premium Acquisitions Llc
Bought by
Keleshian Hagop Jack
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Duane Kinnard
Tri-Leake Realty
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.55%
Original Mortgage
$54,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2012
Closed on
Oct 15, 2012
Sold by
Ertler Dennis
Bought by
Premium Acquisitions
Seller's Agent
Jovett Thomas
Crye-Leike, Inc., REALTORS
Buyer's Agent
Brandon Kamm
Revid Investments, LLC
List Price
$49,900
Sold Price
$42,270
Premium/Discount to List
-$7,630
-15.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.69%

Purchase Details

Closed on
Jul 10, 2007
Sold by
K & E Holding Corp
Bought by
Ertler Dennis

Purchase Details

Closed on
Aug 9, 2006
Sold by
Ertler Dennis
Bought by
K & E Holding Corp

Purchase Details

Closed on
Dec 19, 2005
Sold by
Lasalle Bank Na
Bought by
Ertler Dennis

Purchase Details

Closed on
Oct 14, 2005
Sold by
Dansbury Sibyl Lynn and Dansbury Johnny
Bought by
Lasalle Bank Na and Structured Asset Securities Corp

Purchase Details

Closed on
Oct 3, 2002
Sold by
Turks Sibyl Lynn
Bought by
Dansberry Sibyl Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.21%

Purchase Details

Closed on
Jul 1, 1997
Sold by
Mccray Shirley Y Harris and Truitt Juanita
Bought by
Turks Sibyl Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,352
Interest Rate
7.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Comfylife45 Llc -- Stewart Title
Keleshian Hagop Jack $72,000 None Available
Premium Acquisitions $42,270 Multiple
Ertler Dennis -- None Available
K & E Holding Corp -- None Available
Ertler Dennis $58,000 --
Lasalle Bank Na $100,825 --
Dansberry Sibyl Lynn -- Equity Title & Escrow Co
Turks Sibyl Lynn $72,000 --
Turks Sibyl Lynn $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Comfylife45 Llc $156,000
Previous Owner Keleshian Hagop Jack $54,000
Previous Owner Dansberry Sibyl Lynn $121,500
Previous Owner Turks Sibyl Lynn $72,352
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/26/2018 12/26/18 Sold $75,000 -11.8% $26 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
10/11/2018 10/11/18 For Sale $85,000 +101.1% $30 / Sq Ft
10/16/2012 10/16/12 Sold $42,270 -15.3% $15 / Sq Ft View Prior Sale
10/02/2012 10/02/12 Pending -- -- --
07/01/2012 07/01/12 For Sale $49,900 -- $17 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,008 $60,720 $5,400 $55,320
2024 $1,008 $29,720 $2,000 $27,720
2023 $1,810 $29,720 $2,000 $27,720
2022 $1,810 $29,720 $2,000 $27,720
2021 $1,025 $29,720 $2,000 $27,720
2020 $1,632 $22,520 $2,000 $20,520
2019 $720 $22,520 $2,000 $20,520
2018 $720 $22,520 $2,000 $20,520
2017 $737 $22,520 $2,000 $20,520
2016 $1,624 $37,160 $0 $0
2014 $1,624 $37,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2018

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    8 in this area

    81 Total Sales

    Jeffrey Moore
    Section Image

  • D

    Buyer's Agent in 2018

    Duane Kinnard

    Tri-Leake Realty

    (901) 323-1246

    3 in this area

    122 Total Sales

    Duane Kinnard
    Section Image

  • J

    Seller's Agent in 2012

    Jovett Thomas

    Crye-Leike

    (901) 857-0914

    18 Total Sales

    Jovett Thomas
    Section Image

  • B

    Buyer's Agent in 2012

    Brandon Kamm

    Revid Investments, LLC

    (901) 485-4848

    1 in this area

    20 Total Sales

    Brandon Kamm
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10038641

Memphis Area Association of REALTORS®

APN: 04-1034-0-0154

Tennessee Shelby County Memphis 38107 Hyde Park

1022 University St, Memphis, TN

Not Listed for Sale

MultiFamily

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