NOT LISTED FOR SALE
32 Beds
-- Bath
13,728 Sq Ft
0.89 Acre Lot

Sale Details

Date Sold: July 17, 2017

Last sale price $575,000 $42 Per Sq Ft

114 Days on Market

Highlights

  • 0.89 Acre Lot
  • Central Air
  • Garden Home
  • Wood Flooring
  • Hot Water Heating System

About This Home

As of July 2017

This 16 unit building is located just minutes from Graceland. The units are all 2 bedroom 1 bath with central heat. The scheduled monthly income is over $7100 per month.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 03/01/2017

Crye-Leike Commercial

Last Buyer's Agent

Claudia Smith

The Regal Group License #264511

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 38,768 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 13,728 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Partially Carpeted

Utilities

  • Central Air
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Hot Water Heating System
  • Heating System Uses Gas
  • Bottled Gas Water Heater

Listing and Financial Details

  • Tenant pays for water/sewer
  • Assessor Parcel Number 078073 00008

Community Details

Overview

  • 3 Buildings
  • 16 Units
  • Graceland Subdivision

Building Details

  • Insurance Expense $3,200
  • Utility Expense $6,199

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.89 Acres

Listing Details

  • Class: Multi-Family
  • Type: Flat/Garden Units
  • MAAR Subdivision Name: GRACELAND
  • Freestanding: Yes
  • List Price Per Sq Ft: 47
  • Number Of Stories: 2
  • Estimated Sq Ft: 13728
  • Year Built: 1960
  • Construction: Brick/Veneer
  • List Price Per Unit: 40562.5
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Partial Carpet

Exterior Features

  • Foundation: Slab
  • Roof: Pitched, Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Bottled Gas, Individual System, Public Sewer, Public Water
  • Cooling Systems: Central, Individual Cooling
  • Heating Systems: Gas, Individual Systems

Lot Info

  • Lot Number: 8THRU10
  • Acreage: 0.89
  • Lot Size: 38905
  • Improved Sq Ft: 13728
  • Land Sq Ft: 38905

Rental Info

  • Actual Annual Rent: 83451
  • Leaseable Sq Ft: 13728
  • Tenant Pays: Water/Sewer
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 078073 00008

Multi Family

  • Perc Occ: 93
  • Total Number Of Units: 16
  • Number2 Bedroom Units: 16
  • Type of Unit: 2 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
Mar 28, 2026
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
$1,050,000
Outstanding Balance
$740,562
Interest Rate
6.09%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 1, 2017
Closed on
Jul 17, 2017
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Claudia Smith
The Regal Group
List Price
$649,000
Sold Price
$575,000
Premium/Discount to List
-$74,000
-11.4%

Purchase Details

Listed on
Dec 22, 2014
Closed on
Dec 15, 2015
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$640,000
Sold Price
$480,000
Premium/Discount to List
-$160,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.19%
Original Mortgage
$360,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$660,000 None Listed On Document
$575,000 None Available
$480,000 Attorney
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
Open $1,050,000
Previous Owner $360,000
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
07/17/2017 07/17/17 Sold $575,000 -11.4% $42 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $649,000 +35.2% $47 / Sq Ft
12/21/2015 12/21/15 Sold $480,000 -25.0% $35 / Sq Ft View Prior Sale
07/15/2015 07/15/15 Pending -- -- --
12/22/2014 12/22/14 For Sale $640,000 -- $47 / 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 $6,389 $237,520 $17,520 $220,000
2024 $6,747 $199,040 $17,520 $181,520
2023 $12,125 $199,040 $17,520 $181,520
2022 $12,125 $199,040 $17,520 $181,520
2021 $12,267 $199,040 $17,520 $181,520
2020 $12,646 $174,520 $17,520 $157,000
2019 $12,646 $174,520 $17,520 $157,000
2018 $12,646 $174,520 $17,520 $157,000
2017 $7,173 $174,520 $17,520 $157,000
2016 $4,396 $100,600 $0 $0
2014 $4,396 $100,600 $0 $0
Source: Public Records

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9996647

Memphis Area Association of REALTORS®
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