$50,000
SOLD SEP 13, 2018

1037 Forrest Ave Memphis, TN 38105

Crosstown Neighborhood
3 Beds
1 Bath
1,400-1,599 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

23% Below List Price

141 Days on Market

About This Home

As of September 2018

This 3/1 in 38105 is currently occupied for $750 with a lease end date of 03/25/2019. Showings and inspections allowed only after offer is accepted, no exceptions. Do not disturb the tenant; buyer to verify all schools.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 04/11/2018

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $639

Year Built

  • Built in 1922

Lot Details

  • 7,405 Sq Ft Lot

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,406 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Speedway Terrace Blk E Subdivision

Listing and Financial Details

  • Assessor Parcel Number 020083 00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$639

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 741E
  • MAAR Subdivision Name: SPEEDWAY TERRACE BLK E
  • List Price Per Sq Ft: 46
  • Number Of Stories: 1
  • Price Per Sq Ft: 35.56
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1406
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1

Lot Info

  • Lot Number: 7
  • Acreage: 0.17
  • Lot Size: 50X150 / 0.17
  • Price Per Acre: 382353

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 020083 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2018
Sold by
Memphis Rentals Llc
Bought by
Kaissi Muhieddine El
Current Estimated Value
$135,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 29, 2014
Closed on
Oct 31, 2014
Sold by
Eb Properties Gp
Bought by
Memphis Rentals Llc
Seller's Agent
Larry Alexander
REMAX Experts
Buyer's Agent
Larry Alexander
REMAX Experts
List Price
$19,900
Sold Price
$12,500
Premium/Discount to List
-$7,400
-37.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.46%
Original Mortgage
$99,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 29, 2014
Closed on
Oct 3, 2014
Sold by
The Frayser Community Development Corp
Bought by
Leigh Eltra
Seller's Agent
Larry Alexander
REMAX Experts
Buyer's Agent
Larry Alexander
REMAX Experts
List Price
$19,900
Sold Price
$12,500
Premium/Discount to List
-$7,400
-37.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2014
Sold by
Wells Fargo Bank Na
Bought by
Frayser Community Developments Corp

Purchase Details

Closed on
Jan 28, 2014
Sold by
Pullen Cecil T
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 21, 2011
Sold by
Newman Robert Patrick
Bought by
Pullen Cecil T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,406
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2009
Sold by
Ball Eddie R
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Mar 17, 1998
Sold by
Action Real Estate Investment Co Inc
Bought by
Ball Eddie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,442
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 26, 1996
Sold by
Smith Lauren Dean
Bought by
Action Real Estate Investment Co Inc
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 Type Sale Price Title Company
Special Warranty Deed $50,000 Os National Llc
Special Warranty Deed $95,000 Multiple
Warranty Deed $21,000 Title & Escrow Services Inc
Warranty Deed $12,500 None Available
Quit Claim Deed -- None Available
Trustee Deed $24,180 None Available
Warranty Deed $58,900 Preferred Title & Escrow Llc
Trustee Deed $54,183 None Available
Warranty Deed $56,000 --
Quit Claim Deed -- Memphis Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $40,000 New Conventional
Previous Owner $99,000 Purchase Money Mortgage
Previous Owner $57,406 FHA
Previous Owner $32,400 Credit Line Revolving
Previous Owner $56,442 FHA
Closed $3,124 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2018 09/13/18 Sold $50,000 -23.1% $36 / Sq Ft
04/11/2018 04/11/18 For Sale $65,000 +420.0% $46 / Sq Ft
10/03/2014 10/03/14 Sold $12,500 -37.2% $9 / Sq Ft
09/24/2014 09/24/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $19,900 -- $14 / 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 $639 $29,325 $4,500 $24,825
2024 $639 $18,850 $1,125 $17,725
2023 $1,148 $18,850 $1,125 $17,725
2022 $1,148 $18,850 $1,125 $17,725
2021 $1,162 $18,850 $1,125 $17,725
2020 $775 $10,700 $1,125 $9,575
2019 $342 $10,700 $1,125 $9,575
2018 $342 $10,700 $1,125 $9,575
2017 $418 $12,775 $1,125 $11,650
2016 $626 $14,325 $0 $0
2014 $597 $13,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2018

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    9 in this area

    1,428 Total Sales

    Section Image

  • N

    Buyer's Agent in 2018

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • Larry Alexander

    Seller's Agent in 2014

    Larry Alexander

    RE/MAX

    (901) 454-0858

    36 Total Sales

    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10036487

Memphis Area Association of REALTORS®

APN: 02-0083-0-0004

Tennessee Shelby County Memphis 38105 Crosstown

1037 Forrest Ave, Memphis, TN

This home is located at 1037 Forrest Ave, Memphis, TN 38105 and is currently priced at $50,000, approximately $31 per square foot. This property was built in 1922. 1037 Forrest Ave is a home located in Shelby County with nearby schools including Bruce Elementary School, Manassas High School, and Memphis Scholars Caldwell-Guthrie.

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