NOT LISTED FOR SALE

1247 Tutwiler Ave Memphis, TN 38107

Crosstown Neighborhood

Estimated Value: $96,000 - $210,000

3 Beds
3 Baths
2,454 Sq Ft
$67/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $51,000 $21 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $1,031/month

140 Days on Market

Highlights

  • Wood Flooring
  • Central Heating
  • Laundry Facilities
  • Ceiling height of 9 feet or more

About This Home

As of May 2018

Triplex - each has a Living Room, Bedroom, Bath & Kitchen - Hardwood in Living Room & Bedroom - Tile in Kitchen and Bath, Some Renovation, Bank owned.

Last Agent to Sell the Property

Myra Quinley

Crye-Leike, Inc., REALTORS License #53045 Listed on: 11/30/2017

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Myra Quinley

Crye-Leike, Inc., REALTORS License #53045 Listed on: 11/30/2017

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1930

Lot Details

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

Parking

  • Gravel Driveway

Home Design

  • Composition Roof
  • Stucco
  • Wood Composite

Interior Spaces

  • 2,454 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling height of 9 feet or more
  • Partial Basement

Flooring

  • Wood
  • Tile

Utilities

  • Central Heating

Community Details

  • Speedway Terr Blk A Subdivision
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 021096 00001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,052

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MLS Map #: 744C
  • MAAR Subdivision Name: SPEEDWAY TERRACE BLK A
  • Freestanding: Yes
  • List Price Per Sq Ft: 31
  • Number Of Stories: 2
  • Price Per Sq Ft: 283333.33
  • Estimated Sq Ft: 2454
  • Year Built: 1930
  • Construction: Wood/Composition, Stucco
  • List Price Per Unit: 25000
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Dry Wall, 9 Ft or More

Exterior Features

  • Foundation: Partial Basement
  • Roof: Composition

Garage/Parking

  • Parking Facility: Gravel

Utilities

  • Hot Water: Public Water, Public Sewer
  • Cooling Systems: 220 Wiring
  • Heating Systems: Central
  • Laundry: Common Laundry

Lot Info

  • Lot Number: 85
  • Acreage: 0.18
  • Lot Size: 50 X 160
  • Price Per Acre: 416667
  • Improved Sq Ft: 2454
  • Land Sq Ft: 8000

Rental Info

  • Leaseable Sq Ft: 2454
  • Tenant Pays: All Utilities

Tax Info

  • Assessor Parcel Number: 021096 00001

Multi Family

  • Total Number Of Units: 3
  • Number1 Bedroom Units: 3
  • Type of Unit: 1 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2017
Closed on
May 10, 2018
Sold by
Trustmark National Bank Inc
Bought by
Mcdonnell Kevin A and Ellen Mcdonnell W
Seller's Agent
Myra Quinley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Myra Quinley
Crye-Leike, Inc., REALTORS
List Price
$75,000
Sold Price
$51,000
Premium/Discount to List
-$24,000
-32%
Current Estimated Value
$172,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,333
Avg. Annual Appreciation
19.42%
Original Mortgage
$30,000
Outstanding Balance
$26,074
Interest Rate
4.44%
Mortgage Type
Commercial
Estimated Equity
$158,926

Purchase Details

Closed on
Oct 19, 2012
Sold by
Regions Bank
Bought by
Trustmark National Bank

Purchase Details

Closed on
Aug 30, 2012
Sold by
Federal National Mortgage Association
Bought by
Regions Bank

Purchase Details

Closed on
Jul 3, 2012
Sold by
Nordberg Howard and Gonzalez David
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 22, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Nordberg Howard and Gonzalez David

Purchase Details

Closed on
Mar 23, 2007
Sold by
Morgan Erma
Bought by
Deutsche Bank National Trust Co and Gsamp Trust 2005-He5

Purchase Details

Closed on
Jun 9, 2005
Sold by
Morgan Elvis D
Bought by
Morgan Erma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.32%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 12, 1996
Sold by
Torrance Alvin and Torrance Melvina
Bought by
The Baker Family Ltd Partnership
Source: Public Records

Range of Values:

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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
Mcdonnell Kevin A $51,000 None Available
Trustmark National Bank -- None Available
Regions Bank -- None Available
Federal National Mortgage Association $135,903 None Available
Nordberg Howard $37,000 Servicelink Lp
Deutsche Bank National Trust Co $88,691 None Available
Morgan Erma $90,000 --
The Baker Family Ltd Partnership $45,512 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonnell Kevin A $30,000
Previous Owner Nordberg Howard $112,000
Previous Owner Morgan Erma $72,000
Previous Owner Nineteen Ninety Seven Inc $45,000
Closed Morgan Erma $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $51,000 -32.0% $21 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
11/30/2017 11/30/17 For Sale $75,000 -- $31 / 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 $1,052 $54,920 $8,120 $46,800
2024 $1,052 $31,040 $3,200 $27,840
2023 $1,891 $31,040 $3,200 $27,840
2022 $1,891 $31,040 $3,200 $27,840
2021 $1,913 $31,040 $3,200 $27,840
2020 $2,217 $30,600 $3,200 $27,400
2019 $3,148 $43,440 $3,200 $40,240
2018 $3,148 $43,440 $3,200 $40,240
2017 $1,785 $43,440 $3,200 $40,240
2016 $1,862 $42,600 $0 $0
2014 $1,862 $42,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Myra Quinley

    Crye-Leike

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10016603

Memphis Area Association of REALTORS®

APN: 02-1096-0-0001

Tennessee Shelby County Memphis 38107 Crosstown

1247 Tutwiler Ave, Memphis, TN

This home is located at 1247 Tutwiler Ave, Memphis, TN 38107 since 30 November 2017 and is currently estimated at $164,000, approximately $66 per square foot. This property was built in 1930. 1247 Tutwiler Ave 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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