NOT LISTED FOR SALE

1159 Forrest Ave Memphis, TN 38105

Crosstown Neighborhood

Estimated Value: $71,000 - $305,000

3 Beds
2 Baths
1,600-1,799 Sq Ft
$97/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $50,000 $28 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $999/month

110 Days on Market

Highlights

  • 1 Fireplace
  • Porch
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room

About This Home

As of June 2023

PRICE REDUCED! Great area & the perfect investor property! This home has previous fire damage & needs renovation. A new roof & new windows have been installed. Homes is close to downtown, the medical district, Rhodes College, and a short walk to Crosstown Concourse! This is a great addition for your portfolio! Cash only! Please do due diligence BEFORE placing your offer! No blind offers.

Last Agent to Sell the Property

Chelena Allen

BenchMark REALTORS, LLC License #335201 Listed on: 02/01/2023

Last Buyer's Agent

Chelena Allen

BenchMark REALTORS, LLC License #335201 Listed on: 02/01/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 45x150
  • Chain Link Fence

Parking

  • Driveway

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,777 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Separate Formal Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Community Details

  • Speedway Terrace Blk F Subdivision

Listing and Financial Details

  • Assessor Parcel Number 020098 00011

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: SPEEDWAY TERRACE BLK F
  • List Price Per Sq Ft: 56
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1777
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Number Of Fireplaces: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Lot Info

  • Lot Description: Chain Fenced
  • Lot Number: W PT 14
  • Acreage: 0.15
  • Lot Size: 45X150

Tax Info

  • Assessor Parcel Number: 020098 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2024
Sold by
Ithaka Holdings Llc
Bought by
Inkan Treasures Llc
Current Estimated Value
$174,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Outstanding Balance
$236,939
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
-$62,272

Purchase Details

Listed on
Feb 1, 2023
Closed on
Jun 29, 2023
Sold by
Payne Sandra
Bought by
Ithaka Holdings Llc
Seller's Agent
Chelena Allen
BenchMark REALTORS, LLC
Buyer's Agent
Chelena Allen
BenchMark REALTORS, LLC
List Price
$145,500
Sold Price
$50,000
Premium/Discount to List
-$95,500
-65.64%
Views
105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
71.06%

Purchase Details

Closed on
Jul 3, 2020
Sold by
Hooks Ronald Kittrel and Payne Lomas Andre
Bought by
Payne Sandra

Purchase Details

Closed on
Jun 28, 2014
Sold by
Payne Sandra L
Bought by
Hooks Ronald Kittrel and Payne Lomas Andre
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 Buyer Sale Price Title Company
Inkan Treasures Llc $65,000 Southern Trust Title
Ithaka Holdings Llc $50,000 Southern Trust Title
Payne Sandra -- None Available
Hooks Ronald Kittrel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkan Treasures Llc $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2023 06/29/23 Sold $50,000 -50.0% $31 / Sq Ft
05/31/2023 05/31/23 Price Changed $100,000 +81.8% $63 / Sq Ft
05/26/2023 05/26/23 Price Changed $55,000 -45.0% $34 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/09/2023 05/09/23 Price Changed $100,000 -9.1% $63 / Sq Ft
04/26/2023 04/26/23 Price Changed $110,000 -12.4% $69 / Sq Ft
03/30/2023 03/30/23 Price Changed $125,500 -13.7% $78 / Sq Ft
03/15/2023 03/15/23 For Sale $145,500 0.0% $91 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
02/23/2023 02/23/23 Price Changed $145,500 -16.9% $91 / Sq Ft
02/01/2023 02/01/23 For Sale $175,000 -- $109 / 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 -- $13,025 $8,025 $5,000
2024 $1,018 $30,025 $4,600 $25,425
2023 $1,829 $30,025 $4,600 $25,425
2022 $1,829 $30,025 $4,600 $25,425
2021 $1,850 $30,025 $4,600 $25,425
2020 $1,321 $18,225 $4,600 $13,625
2019 $1,321 $18,225 $4,600 $13,625
2018 $1,321 $18,225 $4,600 $13,625
2017 $749 $18,225 $4,600 $13,625
2016 $976 $22,325 $0 $0
2014 $976 $22,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chelena Allen

    Seller's Agent in 2023

    Chelena Allen

    BenchMark REALTORS, LLC

    (901) 338-9608

    3 in this area

    108 Total Sales

    Chelena Allen
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10141309

Memphis Area Association of REALTORS®

APN: 02-0098-0-0011

Tennessee Shelby County Memphis 38105 Crosstown

1159 Forrest Ave, Memphis, TN

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