NOT LISTED FOR SALE

103 E Mckellar Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated Value: $37,000 - $106,000

4 Beds
2 Baths
1,800-1,999 Sq Ft
$38/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $15,000 $8 Per Sq Ft

Est. 406% increase in value since last sale

Current estimated payment $459/month

70 Days on Market

About This Home

As of January 2024

This home features 4 bedrooms and 2 bathrooms, providing ample space for a family or potential rental income. It's worth noting that there has been fire damage to the upstairs area, making it an investor special. With its unique character and the opportunity to restore and renovate, this property offers a promising investment for those looking to breathe new life into a piece of Memphis history. Seller prefers cash offers only. Enter at your own risk! No wholesalers. Direct Buyers only.

Last Agent to Sell the Property

Mark Nichols

Fast Track Realty, LLC License #359052 Listed on: 10/10/2023

Last Buyer's Agent

Chanel Turner

Epique Realty License #361596

Epique Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $435

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,905 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Community Details

  • New South Memphis Blk 18 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 050067 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$435

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 747C
  • MAAR Subdivision Name: NEW SOUTH MEMPHIS BLK 18
  • Number Of Stories: 2
  • Price Per Sq Ft: 7.87
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1905
  • Year Built: 1910
  • List Price/ Sq Ft: 10
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 4
  • Bedrooms Down: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Lot Info

  • Lot Number: 7
  • Acreage: 0.17
  • Lot Size: 50X150
  • Price Per Acre: 117647

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 050067 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
Closed on
Dec 28, 2023
Sold by
Memphis Passive 16 Llc
Bought by
Mvs Property Llc
Seller's Agent
Mark Nichols
Fast Track Realty, LLC
Buyer's Agent
Chanel Turner
Epique Realty
List Price
$30,000
Sold Price
$15,000
Premium/Discount to List
-$15,000
-50%
Views
266
Current Estimated Value
$75,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,906
Avg. Annual Appreciation
201.33%

Purchase Details

Closed on
Aug 31, 2021
Sold by
Moore David
Bought by
Memphis Passive 16 Llc

Purchase Details

Closed on
May 13, 2013
Sold by
Clayton Bank & Trust
Bought by
Moore David

Purchase Details

Closed on
Apr 26, 2012
Sold by
Alexander Charles W
Bought by
Oakland Deposit Bank

Purchase Details

Closed on
May 9, 2007
Sold by
Alexander Charles W and Alexander Patricia
Bought by
Scheerer Cheryl A and Scheerer Kirk D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Interest Rate
6.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 18, 2006
Sold by
Connell Gary
Bought by
Alexander Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 1995
Bought by
Jones Charlie H and Jones Delore
Source: Public Records

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Range of Values:

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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
Mvs Property Llc $15,000 Titan Title Company
Memphis Passive 16 Llc $42,000 Saddle Creek Title Llc
Moore David $5,000 None Available
Oakland Deposit Bank $12,000 None Available
Scheerer Cheryl A -- None Available
Alexander Charles W $10,000 None Available
Jones Charlie H $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scheerer Cheryl A $23,500
Previous Owner Alexander Charles W $57,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $15,000 -25.0% $8 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
12/14/2023 12/14/23 Price Changed $20,000 -33.3% $11 / Sq Ft
10/10/2023 10/10/23 For Sale $30,000 -- $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 $435 $19,900 $2,000 $17,900
2024 $435 $12,825 $1,000 $11,825
2023 $781 $12,825 $1,000 $11,825
2022 $781 $12,825 $1,000 $11,825
2021 $348 $12,825 $1,000 $11,825
2020 $712 $9,825 $1,000 $8,825
2019 $314 $9,825 $1,000 $8,825
2018 $314 $9,825 $1,000 $8,825
2017 $402 $12,275 $1,000 $11,275
2016 $306 $7,000 $0 $0
2014 $306 $7,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Nichols

    Seller's Agent in 2024

    Mark Nichols

    Fast Track Realty, LLC

    (901) 444-2246

    1 in this area

    86 Total Sales

    Mark Nichols
    Section Image

  • C

    Buyer's Agent in 2024

    Chanel Turner

    Epique Realty

    (901) 607-3099

    1 in this area

    25 Total Sales

    Chanel Turner
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10158465

Memphis Area Association of REALTORS®

APN: 05-0067-0-0005

Tennessee Shelby County Memphis 38109 South Memphis

103 E Mckellar Ave, Memphis, TN

This home is located at 103 E Mckellar Ave, Memphis, TN 38109 since 10 October 2023 and is currently estimated at $75,906, approximately $37 per square foot. This property was built in 1910. 103 E Mckellar Ave is a home located in Shelby County with nearby schools including Riverview Middle School, Hamilton High School, and Memphis Scholars Florida Kansas.

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