NOT LISTED FOR SALE
17 Beds
-- Bath
9,775 Sq Ft
1965 Built

Sale Details

Date Sold: October 30, 2020

Last sale price $642,000 $66 Per Sq Ft

5 Days on Market

Highlights

  • Hot Water Heating System
  • Vinyl Flooring
  • Garden Home

About This Home

As of October 2020

This property includes 1070 Merriwether Ave. and is 17 units. It is located in the Memphis Medical Center of Midtown. The units are all 1 bedroom. The scheduled monthly rents are $8462 per month.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 08/24/2020

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 08/24/2020

Crye-Leike Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Home Design

  • Garden Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 9,775 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Parking

  • Paved Parking
  • Off-Site Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 020089 00031C

Community Details

Overview

  • 3 Buildings
  • 17 Units
  • Meriwether Subdivision

Building Details

  • Insurance Expense $2,908
  • Utility Expense $3,060
  • Operating Expense $16,628

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Listing Details

  • Class: Multi-Family
  • Type: Flat/Garden Units
  • MAAR Subdivision Name: MERIWETHER
  • Freestanding: Yes
  • List Price Per Sq Ft: 74
  • Number Of Stories: 2
  • Estimated Sq Ft: 9775
  • Year Built: 1965
  • Construction: Brick/Veneer
  • List Price Per Unit: 42352.94
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Composition, Flat

Garage/Parking

  • Parking Facility: Asphalt/Blacktop, Offsite/Street

Utilities

  • Hot Water: Individual System, Public Water, Public Sewer
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Electrical, Wall Heat

Lot Info

  • Lot Number: 3
  • Lot Size: 27885
  • Improved Sq Ft: 9775
  • Land Sq Ft: 27885

Rental Info

  • Actual Annual Rent: 101544
  • Leaseable Sq Ft: 9775
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 020089 00031C

Multi Family

  • Perc Occ: 64
  • Total Number Of Units: 17
  • Type of Unit: 1 BR - 1 Bath

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2025
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 31, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2003
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
8%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$770,000 None Listed On Document
-- None Listed On Document
$2,879,400 Attorney
-- None Available
$150,000 --
-- --
$70,000 Equity Title & Escrow Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $63,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2020 10/30/20 Sold $642,000 -10.8% $66 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
08/26/2020 08/26/20 Price Changed $720,000 -0.1% $74 / Sq Ft
08/24/2020 08/24/20 For Sale $720,500 +54.1% $74 / Sq Ft
03/29/2017 03/29/17 Sold $467,500 -28.6% $48 / Sq Ft View Prior Sale
12/12/2016 12/12/16 Pending -- -- --
11/02/2016 11/02/16 For Sale $654,500 -- $67 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,387 $163,080 $21,240 $141,840
2024 $5,476 $161,520 $14,160 $147,360
2023 $9,839 $161,520 $14,160 $147,360
2022 $9,839 $161,520 $14,160 $147,360
2021 $11,694 $161,520 $14,160 $147,360
2020 $2,977 $93,160 $14,160 $79,000
2019 $2,977 $93,160 $14,160 $79,000
2018 $2,977 $93,160 $14,160 $79,000
2017 $3,048 $93,160 $14,160 $79,000
2016 $1,613 $36,920 $0 $0
2014 $1,613 $36,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10083627

Memphis Area Association of REALTORS®
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