NOT LISTED FOR SALE

Estimated Value: $123,000 - $150,000

1 Bed
1 Bath
1,592 Sq Ft
$84/Sq Ft Est. Value

Last Sold March 10, 2021

Last sale price $97,000 $61 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $757/month

Highlights

  • Traditional Architecture
  • Corner Lot
  • 1-Story Property
  • Wood Flooring
  • Dining Area

About This Home

As of March 2021

This charming duplex is located in the Berclair area! There is a 1 bedroom and a 2 bedroom unit. The scheduled monthly rents are 1200 per month.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 01/19/2021

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 01/19/2021

Crye-Leike Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $723

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 77x132
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,592 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Wood Flooring
  • Free-Standing Range

Parking

  • 1 Parking Space
  • 1 Covered Space
  • Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Community Details

  • Inman Sam N Macon Road Subdivision
  • Insurance Expense $995

Listing and Financial Details

  • Assessor Parcel Number 054031 00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$723

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Berclair
  • Second Address Number: 1038
  • MAAR Subdivision Name: INMANS MACON RD
  • Freestanding: Yes
  • List Price Per Sq Ft: 62
  • Number Of Stories: 1
  • Estimated Sq Ft: 1592
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)
  • Estimated Entire Duplex Sq Ft: 1400-1599

Exterior Features

  • Exterior Windows: Vinyl Siding
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking: Driveway/Pad

Utilities

  • Cooling: 1 Window Unit per Unit
  • Heating: Wall Heat
  • Hot Water: Electric

Lot Info

  • Lot Description: Level, Corner
  • Lot Number: 40
  • Acreage: 0.23
  • Lot Size: 77X132

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 054031 00008

Multi Family

  • Perc Occ: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2021
Closed on
Mar 8, 2021
Sold by
Phillips Joan S
Bought by
Sailsman Jermaine
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$99,000
Sold Price
$97,000
Premium/Discount to List
-$2,000
-2.02%
Current Estimated Value
$133,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,052
Avg. Annual Appreciation
7.05%
Original Mortgage
$72,750
Outstanding Balance
$65,215
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$67,837

Purchase Details

Closed on
Sep 24, 1994
Bought by
Phillips Joan S
Source: Public Records

Range of Values:

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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
Sailsman Jermaine $97,000 None Available
Phillips Joan S $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sailsman Jermaine $72,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2021 03/10/21 Sold $97,000 -2.0% $61 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $99,000 -- $62 / 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 $723 $29,025 $4,500 $24,525
2024 $723 $21,325 $2,175 $19,150
2023 $1,299 $21,325 $2,175 $19,150
2022 $1,299 $21,325 $2,175 $19,150
2021 $1,314 $21,325 $2,175 $19,150
2020 $1,107 $15,275 $2,175 $13,100
2019 $488 $15,275 $2,175 $13,100
2018 $488 $15,275 $2,175 $13,100
2017 $500 $15,275 $2,175 $13,100
2016 $666 $15,250 $0 $0
2014 $666 $15,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10092070

Memphis Area Association of REALTORS®

APN: 05-4031-0-0008