1197 Forrest Ave Memphis, TN 38105
Crosstown Neighborhood
2
Beds
1
Bath
1,200-1,399
Sq Ft
6,098
Sq Ft Lot
Highlights
- Traditional Architecture
- 1 Fireplace
- Some Wood Windows
- Wood Flooring
- Separate Formal Living Room
- Central Heating and Cooling System
About This Home
As of July 2024PRICE REDUCED & Great opportunity for owner-occupant or investor! Home is currently rented, please do not disturb tenant. Tenants pay $795 monthly and are current. Please call in advance to schedule a showing.
Last Agent to Sell the Property
Sterling Owens
Madison Avenue Realty, LLC License #318560 Listed on: 04/11/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,160
Year Built
- Built in 1916
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
- Few Trees
Parking
- Driveway
Home Design
- Traditional Architecture
Interior Spaces
- 1,200-1,399 Sq Ft Home
- 1,328 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Some Wood Windows
- Separate Formal Living Room
- Wood Flooring
- Iron Doors
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- All Upper Level Bedrooms
- 1 Full Bathroom
Utilities
- Central Heating and Cooling System
Community Details
- Chandler's Addn To Speedway Terrace Subdivision
Listing and Financial Details
- 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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,409
Avg. Annual Appreciation
3.04%
Original Mortgage
$108,750
Outstanding Balance
$107,840
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$41,569
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
-0.73%
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
17.45%
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
Similar Homes in Memphis, TN
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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 | $145,000 | Coventry Escrow & Title | |
| Quit Claim Deed | -- | John D Smith Pllc | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $155,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $42,000 | None Available | |
| Special Warranty Deed | $26,000 | Service Link | |
| Trustee Deed | $37,500 | None Available | |
| Warranty Deed | $65,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,750 | New Conventional | |
| Previous Owner | $151,449 | Unknown | |
| Previous Owner | $49,500 | Unknown | |
| Previous Owner | $55,000 | Credit Line Revolving | |
| Previous Owner | $55,000 | Credit Line Revolving | |
| Previous Owner | $52,000 | Purchase Money Mortgage | |
| Closed | $9,750 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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
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 |
| 2020 | $622 | $19,475 | $4,450 | $15,025 |
| 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 |
| 2014 | $672 | $15,375 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
David Da Ponte
D
Seller's Agent in 2024
David Da Ponte
Sowell, Realtors
(901) 278-4380
2 in this area
185 Total Sales
-
Justin Yarbrough
Buyer's Agent in 2024
Justin Yarbrough
JASCO Realty
(901) 258-6765
1 in this area
80 Total Sales
-
Lynn da Ponte Baack
Seller's Agent in 2020
Lynn da Ponte Baack
Sowell, Realtors
(901) 282-7532
5 in this area
78 Total Sales
-
S
Seller's Agent in 2017
Sterling Owens
Madison Avenue Realty, LLC
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10000029
APN: 02-0002-0-0003
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