$52,500
SOLD NOV 30, 2016

1040 Gordon St Memphis, TN 38122

Berclair Neighborhood
2 Beds
1 Bath
1,646 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$32 Per Sq Ft

5% Below List Price

Highlights

  • Traditional Architecture
  • Partially Carpeted
  • 1-Story Property
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of November 2016

Great Investment Opportunity ~ Tenant Occupied ~ $1,000/Month Combined ~ Please Do Not Disturb Tenants

Last Agent to Sell the Property

Jennifer Carstensen

Real Estate Agency License #317824 Listed on: 11/04/2016

Last Buyer's Agent

Luke Wilcox

REMAX Experts License #335083

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $667

Year Built

  • Built in 1959

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 1,646 Sq Ft Home
  • 1-Story Property
  • Partially Carpeted

Utilities

  • Central Heating and Cooling System

Community Details

  • Richard Louis Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038052 00020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$667

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 1042
  • MLS Map #: 752E
  • MAAR Subdivision Name: RICHARD LOUIS
  • Freestanding: Yes
  • List Price Per Sq Ft: 33
  • Number Of Stories: 1
  • Price Per Sq Ft: 31.9
  • Estimated Sq Ft: 1646
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Carpet

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 1
  • Acreage: 0.16
  • Lot Size: 50/52.84 X 135.56/135.5
  • Price Per Acre: 343750

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 038052 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2024
Sold by
Kamenev Vladimir
Bought by
Al-Yamani Ahmed and Majed Hannah Satar
Current Estimated Value
$158,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,188
Outstanding Balance
$97,237
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$61,095

Purchase Details

Listed on
Nov 4, 2016
Closed on
Nov 30, 2016
Sold by
Al Absant Musa and Al Absawi Musa M
Bought by
Kamsnev Vladimir
Seller's Agent
Jennifer Carstensen
Real Estate Agency
Buyer's Agent
Luke Wilcox
REMAX Experts
List Price
$55,000
Sold Price
$52,500
Premium/Discount to List
-$2,500
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.41%

Purchase Details

Closed on
Jul 2, 2012
Sold by
Absawi Rahl Al and Al Absawi Rahif K
Bought by
Al Absawi Musa

Purchase Details

Closed on
Feb 28, 2001
Sold by
Cunningham Shirley A
Bought by
Moss D Michael and Moss Carolyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,400
Interest Rate
7.12%
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 Type Sale Price Title Company
Warranty Deed $100,000 Realty Title & Escrow
Warranty Deed $52,500 Title And Escrow Services Of
Interfamily Deed Transfer -- Multiple
Warranty Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $98,188 FHA
Previous Owner $52,000 Unknown
Previous Owner $55,050 Unknown
Previous Owner $76,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2016 11/30/16 Sold $52,500 -4.5% $32 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $55,000 -- $33 / 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 $667 $26,950 $3,275 $23,675
2024 $667 $19,680 $2,240 $17,440
2023 $1,199 $19,680 $2,240 $17,440
2022 $1,199 $19,680 $2,240 $17,440
2021 $1,213 $19,680 $2,240 $17,440
2020 $1,525 $21,040 $1,960 $19,080
2019 $1,525 $21,040 $1,960 $19,080
2018 $1,525 $21,040 $1,960 $19,080
2017 $865 $21,040 $1,960 $19,080
2016 $1,042 $23,840 $0 $0
2014 $1,042 $23,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Carstensen

    Seller's Agent in 2016

    Jennifer Carstensen

    Real Estate Agency

    (901) 201-0280

    9 in this area

    338 Total Sales

    Jennifer Carstensen
    Section Image

  • L

    Buyer's Agent in 2016

    Luke Wilcox

    RE/MAX

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9990102

Memphis Area Association of REALTORS®

APN: 03-8052-0-0020

Tennessee Shelby County Memphis 38122 Berclair

1040 Gordon St, Memphis, TN

This home is located at 1040 Gordon St, Memphis, TN 38122 and is currently priced at $52,500, approximately $31 per square foot. This property was built in 1959. 1040 Gordon St is a home located in Shelby County with nearby schools including Treadwell Elementary School, Treadwell Middle School, and Kingsbury High School.

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