NOT LISTED FOR SALE

1197 Forrest Ave Memphis, TN 38105

Crosstown Neighborhood

Estimated Value: $130,000 - $224,000

2 Beds
2 Baths
1,200-1,399 Sq Ft
$125/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $145,000 $104 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,012/month

23 Days on Market

Highlights

  • The property is located in a historic district
  • Traditional Architecture
  • Attic
  • Updated Kitchen
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of July 2024

Renovated home in a super Crosstown location! two bedrooms and two bathrooms plus a sitting room off the Primary make this a great home with a large kitchen and nice rear garden.

Last Agent to Sell the Property

David Da Ponte

Sowell, Realtors License #278752 Listed on: 05/16/2024

Last Buyer's Agent

Justin Yarbrough

JASCO Realty License #322421

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1916

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 42x152
  • Wood Fence
  • Landscaped
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Bungalow
  • Brick Veneer
  • Composition Shingle Roof
  • Stucco Exterior
  • Pier And Beam

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,354 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Decorative Fireplace
  • Fireplace Features Masonry
  • Some Wood Windows
  • Window Treatments
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Play Room
  • Sun or Florida Room
  • Attic
  • Unfinished Basement

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Oven or Range
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Upstairs
  • Remodeled Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Cable TV Available

Additional Features

  • Porch
  • The property is located in a historic district

Community Details

  • Chandlers Addn To Speedway Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 020002 00003

Home Details

Home Type

Single Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional, Bungalow
  • Detached Unit Type: General Residential
  • Cross Street: Montgomery
  • MAAR Subdivision Name: SPEEDWAY TERRACE
  • Historic District: Speedway Terrace
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1354
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths, Play Room/Recreation Room, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Up, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Fireplace: Masonry, Decorative Only, In Living Room
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Gas Cooking, Dishwasher, Cable Available
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Eat-In Kitchen, Separate Breakfast Room, Pantry, Washer/Dryer Connections
  • Misc Interior: All Window Treatments
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet, Sun Room, Internal Expansion Area, Unfinished Basement, Attic

Exterior Features

  • Misc Exterior: Porch, Historic District
  • Exterior Windows: Brick Veneer, Stucco, Wood Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Landscaped, Wood Fenced
  • Lot Number: 21
  • Acreage: 0.14
  • Lot Size: 42X152

Tax Info

  • Assessor Parcel Number: 020002 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jul 11, 2024
Sold by
Goldstein Andrew
Bought by
Story Garrett and Story Nicole
Seller's Agent
David Da Ponte
Sowell, Realtors
Buyer's Agent
Justin Yarbrough
JASCO Realty
List Price
$165,000
Sold Price
$145,000
Premium/Discount to List
-$20,000
-12.12%
Views
36
Current Estimated Value
$174,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,947
Avg. Annual Appreciation
13.53%
Original Mortgage
$108,750
Outstanding Balance
$107,461
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$67,486

Purchase Details

Closed on
Aug 4, 2022
Sold by
Kmam Llc
Bought by
Goldstein Andrew

Purchase Details

Listed on
Jun 5, 2020
Closed on
Jul 17, 2020
Sold by
Goldstein Andrew
Bought by
Kmam Llc
Seller's Agent
Lynn da Ponte Baack
Sowell, Realtors
Buyer's Agent
David Da Ponte
Sowell, Realtors
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.24%
Original Mortgage
$151,449
Interest Rate
3.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 14, 2017
Sold by
Federman Peter E and Federman Katharine Browder
Bought by
Pete & Company Llc

Purchase Details

Listed on
Apr 11, 2017
Closed on
Aug 18, 2017
Sold by
Finger Audrew O
Bought by
Federman Peter E and Federman Katharine Browder
Seller's Agent
Sterling Owens
Madison Avenue Realty, LLC
Buyer's Agent
Lynn da Ponte Baack
Sowell, Realtors
List Price
$80,000
Sold Price
$42,000
Premium/Discount to List
-$38,000
-47.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.56%

Purchase Details

Closed on
Feb 28, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Finger Andrew O

Purchase Details

Closed on
Aug 18, 2006
Sold by
Minnis Raymond
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Dec 17, 2004
Sold by
Taylor Billy Howard
Bought by
Minnis Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Story Garrett $145,000 Coventry Escrow & Title
Goldstein Andrew -- John D Smith Pllc
Kmam Llc -- None Available
Goldstein Andrew $155,000 None Available
Pete & Company Llc -- None Available
Federman Peter E $42,000 None Available
Finger Andrew O $26,000 Service Link
Deutsche Bank National Trust Co $37,500 None Available
Minnis Raymond $65,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Story Garrett $108,750
Previous Owner Goldstein Andrew $151,449
Previous Owner Minnis Raymond $52,000
Closed Minnis Raymond $9,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2024 07/11/24 Sold $145,000 -12.1% $121 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $165,000 +6.5% $138 / Sq Ft
07/21/2020 07/21/20 Sold $155,000 -3.1% $129 / Sq Ft View Prior Sale
07/02/2020 07/02/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $159,900 +280.7% $133 / Sq Ft
08/21/2017 08/21/17 Sold $42,000 -47.5% $35 / Sq Ft View Prior Sale
08/14/2017 08/14/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $80,000 -- $67 / 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 $1,160 $50,850 $7,800 $43,050
2024 $1,160 $34,225 $4,450 $29,775
2023 $2,085 $34,225 $4,450 $29,775
2022 $2,085 $34,225 $4,450 $29,775
2021 $929 $34,225 $4,450 $29,775
2019 $622 $19,475 $4,450 $15,025
2018 $622 $19,475 $4,450 $15,025
2017 $637 $19,475 $4,450 $15,025
2016 $672 $15,375 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Da Ponte

    Sowell, Realtors

    (901) 278-4380

    1 in this area

    191 Total Sales

    David Da Ponte
    Section Image
  • Justin Yarbrough

    Buyer's Agent in 2024

    Justin Yarbrough

    JASCO Realty

    (901) 258-6765

    1 in this area

    76 Total Sales

    Justin Yarbrough
    Section Image
  • Lynn da Ponte Baack

    Seller's Agent in 2020

    Lynn da Ponte Baack

    Sowell, Realtors

    (901) 282-7532

    4 in this area

    69 Total Sales

    Lynn da Ponte Baack
    Section Image

  • S

    Seller's Agent in 2017

    Sterling Owens

    Madison Avenue Realty, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10172468

Memphis Area Association of REALTORS®

APN: 02-0002-0-0003

Tennessee Shelby County Memphis 38104 Crosstown

1197 Forrest Ave, Memphis, TN

Not Listed for Sale

Detached

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