1159 Forrest Ave Memphis, TN 38105
Crosstown Neighborhood
3
Beds
2
Baths
1,600-1,799
Sq Ft
6,534
Sq Ft Lot
Highlights
- 1 Fireplace
- Porch
- 1-Story Property
- Separate Formal Living Room
- Dining Room
About This Home
As of June 2023PRICE 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
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
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
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
$261,162
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$61,722
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
143.08%
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
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $65,000 | Southern Trust Title | |
| Warranty Deed | $50,000 | Southern Trust Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $308,000 | Construction | |
| Previous Owner | $50,000 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
-
Seller's Agent in 2023
Chelena Allen
BenchMark REALTORS, LLC
(901) 338-9608
3 in this area
116 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10141309
APN: 02-0098-0-0011
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