NOT LISTED FOR SALE

1163 James St Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $90,742 - $254,000

5 Beds
6 Baths
3,998 Sq Ft
$37/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $55,000 $14 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $849/month

About This Home

As of July 2018

AS IS , Please do not contact renters. No sign or key box., Make a contingency offer to view. Fantastic income potential on this 5 unit multi family dwelling. Please call for more information on this great investment. Will not last long.

Last Agent to Sell the Property

Betty Brown

Vantage Real Estate Services License #240323 Listed on: 05/27/2018

Last Buyer's Agent

Malcolm E Wilson

eXp Realty, LLC License #257196

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $835

Year Built

  • Built in 1912

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Parking

  • Off-Site Parking

Home Design

  • Converted Dwelling
  • Shingle Roof
  • Wood Composite

Interior Spaces

  • 3,998 Sq Ft Home
  • 2-Story Property

Community Details

  • 5 Units
  • Stainback Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 026025 00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$835

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Converted House
  • MLS Map #: 748A
  • MAAR Subdivision Name: STAINBACK
  • Freestanding: Yes
  • List Price Per Sq Ft: 14
  • Number Of Stories: 2
  • Price Per Sq Ft: 343750
  • Estimated Sq Ft: 3998
  • Year Built: 1912
  • Construction: Wood/Composition
  • List Price Per Unit: 11500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Offsite/Street

Lot Info

  • Lot Number: S PT 1
  • Acreage: 0.16
  • Lot Size: 50 X 140
  • Price Per Acre: 359375

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Assessor Parcel Number: 026025 00003

Multi Family

  • Total Number Of Units: 5
  • Number1 Bedroom Units: 1
  • Number2 Bedroom Units: 2
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2023
Sold by
Shelby County Chancery Court
Bought by
Urban Medical Llc
Current Estimated Value
$146,436

Purchase Details

Listed on
May 27, 2018
Closed on
Jul 20, 2018
Sold by
Cwb Properties
Bought by
Wilson Malcolm E
Seller's Agent
Betty Brown
Vantage Real Estate Services
Buyer's Agent
Malcolm E Wilson
eXp Realty, LLC
List Price
$57,500
Sold Price
$55,000
Premium/Discount to List
-$2,500
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.53%
Original Mortgage
$44,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 27, 2006
Sold by
Parker Frank D
Bought by
Cwb Properties Llc

Purchase Details

Closed on
Mar 20, 1997
Sold by
Parker Dr Luther
Bought by
Parker Frank D

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
7.75%
Mortgage Type
Seller Take Back
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
Urban Medical Llc $12,023 None Listed On Document
Wilson Malcolm E $55,000 None Available
Cwb Properties Llc $6,500 Preferred Title & Escrow Llc
Parker Frank D $26,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Malcolm E $44,000
Previous Owner Parker Frank D $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2018 07/20/18 Sold $55,000 -4.3% $14 / Sq Ft
05/27/2018 05/27/18 For Sale $57,500 -- $14 / 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 $835 $33,720 $2,640 $31,080
2024 $835 $24,640 $1,360 $23,280
2023 $1,501 $24,640 $1,360 $23,280
2022 $1,501 $24,640 $1,360 $23,280
2021 $1,784 $24,640 $1,360 $23,280
2020 $1,794 $24,760 $1,360 $23,400
2019 $791 $24,760 $1,360 $23,400
2018 $791 $24,760 $1,360 $23,400
2017 $810 $24,760 $1,360 $23,400
2016 $1,019 $23,320 $0 $0
2014 $1,019 $23,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Betty Brown

    Seller's Agent in 2018

    Betty Brown

    Vantage Real Estate Services

    (731) 402-0008

    75 Total Sales

    Betty Brown
    Section Image

  • M

    Buyer's Agent in 2018

    Malcolm E Wilson

    eXp Realty, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10028294

Memphis Area Association of REALTORS®

APN: 02-6025-0-0003

Tennessee Shelby County Memphis 38106 Southeast Memphis

1163 James St, Memphis, TN

This home is located at 1163 James St, Memphis, TN 38106 since 27 May 2018 and is currently estimated at $146,436, approximately $36 per square foot. This property was built in 1912. 1163 James St is a home located in Shelby County with nearby schools including Cummings K-8, Hamilton High School, and Memphis Delta Preparatory Charter School.

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