Leaser Coleman
Empire Realty, LLC
(901) 582-5586
11 Total Sales
1 in South Memphis
$120,000 Price
108 Simpson Ave Memphis, TN 38106
South Memphis Neighborhood
32
Beds
--
Baths
12,246
Sq Ft
0.75
Acre Lot
About This Home
As of June 2020Offer price reduced from $150,000 for fast sale! This is value-add opportunity to acquire an apartment complex with a lot up upside. Approximately $150,000 is needed in repairs / renovations which includes a new roof. An estimated ARV value of $400,000 - $432,000. Tenants pay all utilities via separate meters. Taxes are $3,600 / Yr. The building is in 3 sections. The right section had tenants in it over the course of 2019 upstair
Last Agent to Sell the Property
Braden, Braden & Braden LLC License #284224 Listed on: 08/06/2019
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Property Details
Home Type
- Apartment
Year Built
- Built in 1965
Lot Details
- 32,670 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 12,246 Sq Ft Home
- Ceiling height between 8 to 10 feet
Parking
- Gravel Driveway
- Paved Parking
- Off-Site Parking
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Community Details
- 16 Units
- Trigg Subdivision
Listing and Financial Details
- Tenant pays for some utilities, electric
- Assessor Parcel Number 024060 00015
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
Listed on
Aug 6, 2019
Closed on
Jun 4, 2020
Sold by
Bought by
Seller's Agent
Curtis Braden, CCIM
Braden, Braden & Braden LLC
Buyer's Agent
Stephanie Moss
BEST Real Estate Company
List Price
$180,000
Sold Price
$110,000
Premium/Discount to List
-$70,000
-38.89%
Purchase Details
Closed on
Jun 14, 2017
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
$206,800
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 24, 2007
Sold by
Bought by
Purchase Details
Closed on
Nov 9, 2001
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
$100,000
Interest Rate
6.59%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 31, 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
$76,500
Interest Rate
8.29%
Mortgage Type
Seller Take Back
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Memphis, TN
-
Leaser Coleman
-
Jordan Ray
Jordan Ray
eXp Realty
(901) 350-7982
182 Total Sales
1 in South Memphis
$110,000 Price
-
Tony Lavelle
Tony Lavelle
Responds QuicklyBHHS McLemore & Co. Realty
(901) 403-8295
52 Total Sales
1 in South Memphis
$335,000 Price
-
Frances Anderson
Frances Anderson
Crye-Leike, Inc., REALTORS
(901) 979-5033
136 Total Sales
4 in South Memphis
$25K - $60K Price Range
-
Skip Miller
Skip Miller
Morris Realty & Auction, LLC
(901) 441-9006
30 Total Sales
1 in South Memphis
$67,100 Price
-
Tara Woodley
Tara Woodley
Zach Taylor Real Estate
(901) 437-5536
83 Total Sales
10 in South Memphis
$4K - $325K Price Range
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 |
|---|---|---|---|
| $110,000 | Prefered Title & Escrow Llc | ||
| $206,000 | Baymark Title Escrow Service | ||
| $60,000 | None Available | ||
| $110,000 | Equity Title & Escrow Co | ||
| $85,000 | Equity Title & Escrow Compan |
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 | $206,800 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $76,500 |
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 |
|---|---|---|---|---|
| 06/04/2020 06/04/20 | Sold | $110,000 | -12.0% | $9 / Sq Ft |
| 05/11/2020 05/11/20 | Pending | -- | -- | -- |
| 04/08/2020 04/08/20 | Price Changed | $125,000 | -16.7% | $10 / Sq Ft |
| 11/05/2019 11/05/19 | Price Changed | $150,000 | -16.7% | $12 / Sq Ft |
| 08/06/2019 08/06/19 | For Sale | $180,000 | -- | $15 / 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 | $7,038 | $261,640 | $15,920 | $245,720 |
| 2024 | $1,748 | $181,400 | $15,280 | $166,120 |
| 2023 | $3,141 | $51,560 | $15,280 | $36,280 |
| 2022 | $3,141 | $51,560 | $15,280 | $36,280 |
| 2021 | $3,733 | $51,560 | $15,280 | $36,280 |
| 2020 | $3,498 | $48,280 | $15,280 | $33,000 |
| 2019 | $1,543 | $48,280 | $15,280 | $33,000 |
| 2018 | $1,543 | $48,280 | $15,280 | $33,000 |
| 2017 | $1,579 | $48,280 | $15,280 | $33,000 |
| 2016 | $2,007 | $45,920 | $0 | $0 |
| 2014 | $2,007 | $45,920 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Curtis Braden, CCIM
Seller's Agent in 2020
Curtis Braden, CCIM
Braden, Braden & Braden LLC
(901) 323-1925
1 in this area
20 Total Sales
-
John Cornes CCIM
Seller Co-Listing Agent in 2020
John Cornes CCIM
Braden, Braden & Braden LLC
(901) 268-8333
3 in this area
74 Total Sales
-
Stephanie Moss
SM
Buyer's Agent in 2020
Stephanie Moss
BEST Real Estate Company
(901) 494-8698
5 in this area
39 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10059043
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