NOT LISTED FOR SALE

Estimated Value: $127,000 - $168,000

2 Beds
1 Bath
1,663 Sq Ft
$87/Sq Ft Est. Value

Last Sold November 28, 2018

Last sale price $80,000 $48 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $835/month

Highlights

  • Traditional Architecture
  • Corner Lot
  • Detached Garage
  • Wood Flooring
  • Some Wood Windows
  • Porch

About This Home

As of November 2018

REDUCED REDUCED!! $$$,000... Speedway Terrace is presently being considered as a Historic District. Come and view this Moneymaker Brick Duplex - one side with long term tenant who rents month to month. Central heat, window units & new hot water tank. All kitchen appliances stay with Unit 1304. Roof installed 2014. 4-car parking in the rear. One side vacant & Handicap Accessible. Investor Special & Owner live on one side. PLEASE do not disturb Tenant. Need 24-hour notice to show. Thanks

Last Agent to Sell the Property

Erma Williams

Crye-Leike, Inc., REALTORS License #238019 Listed on: 03/17/2018

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Lauren Harkins Wiuff

Ware Jones, REALTORS License #284575

Ware Jones, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $732

Year Built

  • Built in 1953

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75 x 150
  • Corner Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,663 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Aluminum Window Frames
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Step Saver Kitchen Design
  • Free-Standing Range

Flooring

  • Wood
  • Partially Carpeted
  • Vinyl

Parking

  • Detached Garage
  • Driveway

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Window Unit Cooling System
  • Central Heating
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Accessible Ramps
  • Porch

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 021103 00035

Community Details

Overview

  • Speedway Terr Blk B Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$732

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 744C
  • MAAR Subdivision Name: SPEEDWAY TERRACE BLK B
  • Freestanding: Yes
  • Handicap Design: Ramp
  • List Price Per Sq Ft: 54
  • Number Of Stories: 1
  • Price Per Sq Ft: 48.11
  • Estimated Sq Ft: 1663
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood, Part Carpet, Vinyl Floor
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Smoke Detector(s)
  • Miscellaneous Interior: Attic Access, Cat/Dog Free House, Cable Available, Satellite Dish

Exterior Features

  • Misc Exterior: Porch, Cat/Dog Free House
  • Exterior Windows: Brick Veneer, Wood Window(s), Aluminum Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Parking Display: 0D
  • Parking: Driveway/Pad

Utilities

  • Cooling: 1 Window Unit per Unit, 2+ Window Units per Unit
  • Heating: Central
  • Hot Water: Electric, Gas

Lot Info

  • Lot Description: Corner
  • Lot Number: 132
  • Acreage: 0.25
  • Lot Size: 75 X 150
  • Price Per Acre: 360000

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 021103 00035

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2019
Sold by
Schlesinger Peter Q and Schlesinger Lesley S
Bought by
P & L Holdings Llc
Current Estimated Value
$145,187

Purchase Details

Closed on
Jan 30, 2004
Sold by
Jackson Diane G and Jackson Roy C
Bought by
Cleaborn Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,650
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 1998
Sold by
Diane Jackson
Bought by
Jackson Roy C and Jackson Diane G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
7.14%
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
P & L Holdings Llc -- None Available
Cleaborn Carolyn M $48,500 --
Jackson Roy C -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cleaborn Carolyn M $43,650
Previous Owner Jackson Roy C $37,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2018 11/28/18 Sold $80,000 -11.1% $48 / Sq Ft
09/16/2018 09/16/18 Price Changed $90,000 -6.7% $54 / Sq Ft
07/23/2018 07/23/18 Price Changed $96,500 -12.3% $58 / Sq Ft
03/17/2018 03/17/18 For Sale $110,000 -- $66 / 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 $732 $55,440 $8,120 $47,320
2024 $732 $21,600 $3,200 $18,400
2023 $1,316 $21,600 $3,200 $18,400
2022 $1,316 $21,600 $3,200 $18,400
2021 $1,331 $21,600 $3,200 $18,400
2020 $2,246 $31,000 $3,200 $27,800
2019 $991 $31,000 $3,200 $27,800
2018 $991 $31,000 $3,200 $27,800
2017 $1,014 $31,000 $3,200 $27,800
2016 $988 $22,600 $0 $0
2014 $988 $22,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10022670

Memphis Area Association of REALTORS®

APN: 02-1103-0-0035