NOT LISTED FOR SALE

1056 Palermo Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $54,000 - $79,797

3 Beds
1 Bath
1,103 Sq Ft
$65/Sq Ft Est. Value

About This Home

This home is located at 1056 Palermo Ave, Memphis, TN 38106 and is currently estimated at $71,949, approximately $65 per square foot. 1056 Palermo Ave is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2019
Sold by
Blue Ocean Top Fund 1 Llc
Bought by
Topstone Ivy Mem 1 Llc
Current Estimated Value
$71,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2018
Sold by
Topstone Inv Mem Illc
Bought by
Blue Ocean Top Fund 1 Llc

Purchase Details

Closed on
Jun 7, 2017
Sold by
Walker Keyla
Bought by
Topstone Inv Mem I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.02%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 20, 2015
Sold by
Greater Love For Life Ministries Inc
Bought by
Walker Keyla

Purchase Details

Closed on
Dec 31, 2014
Sold by
Memphis Investment Rental Properties Llc
Bought by
Greater Love For Life Ministries Inc

Purchase Details

Closed on
Aug 1, 2006
Sold by
Reedy Debra L
Bought by
Memphis Investment Rental Property Llc

Purchase Details

Closed on
Oct 22, 2004
Sold by
Memphis Investment Properties Llc
Bought by
Reedy Debra L

Purchase Details

Closed on
Jul 8, 2004
Sold by
Deutsche Bank National Trust Co
Bought by
Memphis Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
10%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2004
Sold by
Thomas Trina
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2003-4

Purchase Details

Closed on
Aug 13, 2003
Sold by
Thomas Trina
Bought by
Aace Investments

Purchase Details

Closed on
Apr 25, 2003
Sold by
Frisch Frank Alan
Bought by
Thomas Trina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
11.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2003
Sold by
Rice Kennitha
Bought by
Frisch Frank Alan

Purchase Details

Closed on
Apr 19, 2002
Sold by
Tennessee Housing Development Agency
Bought by
Hud

Purchase Details

Closed on
Sep 20, 2001
Sold by
Walker Gertrude and Walker Tarsha
Bought by
Tennessee Housing Development Agency
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Topstone Ivy Mem 1 Llc -- Nexus Title & Escrow Llc
Blue Ocean Top Fund 1 Llc -- Nexus Title & Escrow Llc
Blue Ocean Top Fund 1 Llc $400,000 Nexus Title & Escrow Llc
Topstone Inv Mem I Llc $25,000 Saddle Creek Title Llc
Walker Keyla -- None Available
Greater Love For Life Ministries Inc -- None Available
Memphis Investment Rental Property Llc -- None Available
Reedy Debra L -- --
Memphis Investment Properties Llc $16,900 Realty Title & Escrow Co Inc
Deutsche Bank National Trust Co $55,000 --
Aace Investments -- Assured Escrow & Title Closi
Thomas Trina $60,000 Assured Escrow & Title
Frisch Frank Alan $22,000 --
Frisch Frank Alan -- --
Hud $35,684 --
Tennessee Housing Development Agency $35,684 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Topstone Ivy Mem 1 Llc $30,000
Previous Owner Topstone Inv Mem I Llc $25,000
Previous Owner Memphis Investment Properties Llc $20,000
Previous Owner Thomas Trina $48,000
Closed Blue Ocean Top Fund 1 Llc $0
Source: Public Records

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 $338 $15,225 $2,000 $13,225
2024 $338 $9,975 $1,000 $8,975
2023 $608 $9,975 $1,000 $8,975
2022 $608 $9,975 $1,000 $8,975
2021 $344 $9,975 $1,000 $8,975
2020 $563 $7,775 $1,000 $6,775
2019 $248 $7,775 $1,000 $6,775
2018 $248 $7,775 $1,000 $6,775
2017 $254 $7,775 $1,000 $6,775
2016 $355 $8,125 $0 $0
2014 $355 $8,125 $0 $0
Source: Public Records

Map

Tennessee Shelby County Memphis 38106 South Memphis

1056 Palermo Ave, Memphis, TN

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