NOT LISTED FOR SALE

1225 Faxon Ave Unit 1 Memphis, TN 38104

Crosstown Neighborhood

Estimated Value: $184,000 - $273,291

3 Beds
2 Baths
3,277 Sq Ft
$68/Sq Ft Est. Value

Last Sold February 21, 2019

Last sale price $187,500 $57 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,438/month

Highlights

  • Traditional Architecture
  • Porch
  • Wood Fence
  • 2 Fireplaces
  • Central Heating and Cooling System

About This Home

As of February 2019

for comp only

Last Agent to Sell the Property

Lynn da Ponte Baack

Sowell, Realtors License #305581 Listed on: 02/21/2019

Last Buyer's Agent

Stephanie Taylor

Sowell, Realtors License #295151

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,252

Year Built

  • Built in 1917

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50 x 160
  • Wood Fence

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 3,277 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Attic Access Panel

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Speedway Terr Blk A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 021098 00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,252

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Single Family Conversion
  • Style: Traditional
  • Second Address Number: unit 2
  • MLS Map #: 744C
  • MAAR Subdivision Name: SPEEDWAY TERRACE BLK A
  • Freestanding: Yes
  • List Price Per Sq Ft: 61
  • Number Of Stories: 2
  • Price Per Sq Ft: 57.22
  • Estimated Sq Ft: 3277
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Number Of Fireplaces: 2
  • Estimated Entire Duplex Sq Ft: 2600-2799
  • Miscellaneous Interior: Attic Access

Exterior Features

  • Misc Exterior: Porch
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Description: Wood Fenced
  • Lot Number: 42
  • Acreage: 0.18
  • Lot Size: 50 X 160
  • Price Per Acre: 1110556

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 021098 00008

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2019
Closed on
Feb 21, 2019
Sold by
Yarbrough Arthur
Bought by
Rowland Derek
Seller's Agent
Lynn da Ponte Baack
Sowell, Realtors
Buyer's Agent
Stephanie Taylor
Sowell, Realtors
List Price
$199,900
Sold Price
$187,500
Premium/Discount to List
-$12,400
-6.2%
Current Estimated Value
$241,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,956
Avg. Annual Appreciation
5.21%
Original Mortgage
$140,625
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2001
Sold by
Life Bank
Bought by
Yarbrough Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,701
Interest Rate
6.98%

Purchase Details

Closed on
Dec 6, 2000
Sold by
Rudd Darryl
Bought by
Life Bank

Purchase Details

Closed on
Feb 3, 2000
Sold by
Four Star Properties Llc
Bought by
Rudd Darryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
12.12%

Purchase Details

Closed on
Nov 19, 1999
Sold by
Leonard Marbry and Leonard Sandra
Bought by
Four Star Properties Llc
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
Rowland Derek $187,500 None Available
Yarbrough Arthur $52,590 --
Life Bank $90,000 --
Rudd Darryl $125,000 Equity Title & Escrow Co
Four Star Properties Llc $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowland Derek $145,500
Closed Rowland Derek $140,625
Previous Owner Yarbrough Arthur $108,500
Previous Owner Yarbrough Arthur $44,701
Previous Owner Rudd Darryl $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2019 02/21/19 Sold $187,500 -6.2% $57 / Sq Ft
02/21/2019 02/21/19 For Sale $199,900 -- $61 / 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 $1,252 $53,275 $5,075 $48,200
2024 $1,252 $36,925 $2,000 $34,925
2023 $2,249 $36,925 $2,000 $34,925
2022 $2,249 $36,925 $2,000 $34,925
2021 $1,274 $36,925 $2,000 $34,925
2020 $1,915 $26,425 $2,000 $24,425
2019 $845 $26,425 $2,000 $24,425
2018 $845 $26,425 $2,000 $24,425
2017 $864 $26,425 $2,000 $24,425
2016 $1,166 $26,675 $0 $0
2014 $1,166 $26,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn da Ponte Baack

    Seller's Agent in 2019

    Lynn da Ponte Baack

    Sowell, Realtors

    (901) 282-7532

    4 in this area

    76 Total Sales

    Section Image
  • Stephanie Taylor

    Buyer's Agent in 2019

    Stephanie Taylor

    Sowell, Realtors

    (901) 487-7452

    3 in this area

    147 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10046556

Memphis Area Association of REALTORS®

APN: 02-1098-0-0008

Tennessee Shelby County Memphis 38104 Crosstown

1225 Faxon Ave Unit 1, Memphis, TN

This home is located at 1225 Faxon Ave Unit 1, Memphis, TN 38104 since 21 February 2019 and is currently estimated at $222,073, approximately $67 per square foot. This property was built in 1917. 1225 Faxon Ave Unit 1 is a home located in Shelby County with nearby schools including Snowden School, Manassas High School, and Memphis Scholars Caldwell-Guthrie.

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