NOT LISTED FOR SALE

118 W Frank Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated Value: $405,000

0.12 Acre
$3,521,739 Price per Acre
5,009 Sq Ft Lot

Last Sold April 04, 2022

Last sale price $3,500 $6 Per Sq Ft

Est. 11,471% increase in value since last sale

Current estimated payment $2,221/month

17 Days on Market

About This Lot

As of April 2022

This home is located at 118 W Frank Ave, Memphis, TN 38109 since 18 February 2022 and is currently estimated at $405,000, approximately $705 per square foot. 118 W Frank Ave is a home located in Shelby County with nearby schools including Riverview Middle School, Hamilton High School, and Memphis Scholars Florida Kansas.

Last Agent to Sell the Property

Loura Edmondson

Crye-Leike, Inc., REALTORS License #201867 Listed on: 02/18/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Loura Edmondson

Crye-Leike, Inc., REALTORS License #201867 Listed on: 02/18/2022

Crye-Leike, Inc., REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $36

Lot Details

  • Lot Dimensions are 50x100
  • Level Lot

Location

  • City Lot

Community Details

  • West New South Mphs Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$36

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • Location: City, Subdivision
  • MLS Map #: 747C
  • MAAR Subdivision Name: West New South Mphs
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Utilities

  • Utilities: Public Water, Public Sewer

Lot Info

  • Lot Size: 50x100
  • Zoning: res
  • Improvements: Sidewalk
  • Present Usage: None/Vacant
  • Shape: Regular
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Single Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Apr 4, 2022
Sold by
Letcher Donald
Bought by
Ware Fernando
Seller's Agent
Loura Edmondson
Crye-Leike, Inc., REALTORS
Buyer's Agent
Loura Edmondson
Crye-Leike, Inc., REALTORS
List Price
$5,000
Sold Price
$3,500
Premium/Discount to List
-$1,500
-30%
Current Estimated Value
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,500
Avg. Annual Appreciation
312.99%

Purchase Details

Closed on
Sep 29, 2000
Sold by
Currie Ella B
Bought by
Letcher Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
7.96%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Ware Fernando $3,500 Baymark Title & Escrow Service
Letcher Donald $25,000 Title Enterprises Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Letcher Donald $34,200
Previous Owner Letcher Donald $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $3,500 -30.0% $6 / Sq Ft
02/18/2022 02/18/22 For Sale $5,000 -- $9 / 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 $36 $1,250 $1,250 --
2024 $36 $1,075 $1,075 --
2023 $65 $1,075 $1,075 $0
2022 $136 $3,150 $1,075 $2,075
2021 $109 $3,150 $1,075 $2,075
2020 $199 $2,750 $1,075 $1,675
2019 $88 $2,750 $1,075 $1,675
2018 $88 $2,750 $1,075 $1,675
2017 $90 $2,750 $1,075 $1,675
2016 $125 $2,850 $0 $0
2014 $125 $2,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Loura Edmondson

    Seller's Agent in 2022

    Loura Edmondson

    Crye-Leike

    (901) 262-2202

    2 in this area

    64 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10118052

Memphis Area Association of REALTORS®

APN: 05-0046-0-0017C

Tennessee Shelby County Memphis 38109 South Memphis

118 W Frank Ave, Memphis, TN

This home is located at 118 W Frank Ave, Memphis, TN 38109 since 18 February 2022 and is currently estimated at $405,000, approximately $705 per square foot. 118 W Frank Ave is a home located in Shelby County with nearby schools including Riverview Middle School, Hamilton High School, and Memphis Scholars Florida Kansas.

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