NOT LISTED FOR SALE

1312 Faxon Ave Memphis, TN 38104

Crosstown Neighborhood

Estimated Value: $182,000 - $281,000

10 Beds
2 Baths
1,512 Sq Ft
$149/Sq Ft Est. Value

Last Sold September 19, 2021

Last sale price $440,000 $291 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $1,334/month

3 Days on Market

About This Home

As of September 2021

Calling all investors, welcome to Crosstown! This recently renovated and stabilized 8-UNIT property is the perfect addition to your portfolio. The location couldn't be better as it is walking distance to Crosstown Concourse and sandwiched between two of the best neighborhoods in Midtown, Evergreen and Vollintine-Evergreen. This area is well-positioned for long-term job growth and will always have a solid workforce tenant base. Leases and inspections available after a contract is accepted.

Last Agent to Sell the Property

Jacob Laurence

Keller Williams License #339121 Listed on: 09/16/2021

Keller Williams

Last Buyer's Agent

Jessica Sewell

Prime Real Estate Group License #362061

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,237

Year Built

  • Built in 1947

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 40x160

Parking

  • Paved Parking

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property

Laundry

  • Dryer
  • Washer

Utilities

  • Mini Split Heat Pump

Listing and Financial Details

  • Assessor Parcel Number 021101 00034

Community Details

Overview

  • 8 Units
  • Speedway Terr Blk B Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,237

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Multi-Family
  • MLS Map #: 744C
  • MAAR Subdivision Name: SPEEDWAY TERRACE BLK B
  • Freestanding: Yes
  • List Price Per Sq Ft: 288
  • Number Of Stories: 1
  • Price Per Sq Ft: 3142857.14
  • Estimated Sq Ft: 1512
  • Year Built: 1947
  • List Price Per Unit: 54375
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Heating Systems: Individual Systems
  • Laundry: Washer in Unit, Dryer in Unit

Lot Info

  • Lot Number: 63
  • Acreage: 0.14
  • Lot Size: 40X160
  • Price Per Acre: 3107143

Rental Info

  • Actual Annual Rent: 60900
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 021101 00034

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 8
  • Number1 Bedroom Units: 4
  • Number2 Bedroom Units: 3
  • Number Efficiency Studio Units: 1
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2021
Sold by
Berglund Kirstine and Back Joergen
Bought by
Here2xl Llc
Total Days on Market
3
Current Estimated Value
$225,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$152,437
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$73,536

Purchase Details

Closed on
Dec 8, 2021
Sold by
Hpm Properties Llc
Bought by
Berglund Kirstine and Bach Joergen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$152,437
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$73,536

Purchase Details

Listed on
Apr 1, 2020
Closed on
Apr 24, 2020
Sold by
Weich Benjamin
Bought by
Hpm Properties Llc
Seller's Agent
Jimmy Kennedy
KAIZEN Realty, LLC
Buyer's Agent
Jacob Laurence
Keller Williams
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%

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%

Purchase Details

Listed on
Jun 22, 2016
Closed on
Mar 3, 2017
Sold by
Conley Helen Jean and Sims Cathy Jean
Bought by
Welch Benjamin
Seller's Agent
Debra Conley
The Austin Group
Buyer's Agent
Jimmy Kennedy
KAIZEN Realty, LLC
List Price
$115,000
Sold Price
$100,000
Premium/Discount to List
-$15,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.16%
Original Mortgage
$37,500
Interest Rate
4.19%
Mortgage Type
New Conventional
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
Here2xl Llc -- None Available
Berglund Kirstine $220,000 None Available
Hpm Properties Llc $235,000 Home Surety Title & Escrow
Welch Benjamin $50,000 Edco Title & Closing Svcs In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berglund Kirstine $165,000
Previous Owner Welch Benjamin $37,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2021 09/19/21 Sold $440,000 +1.1% $291 / Sq Ft
09/19/2021 09/19/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $435,000 +85.1% $288 / Sq Ft
04/24/2020 04/24/20 Sold $235,000 -6.0% $155 / Sq Ft
04/01/2020 04/01/20 For Sale $250,000 +150.0% $165 / Sq Ft
03/03/2017 03/03/17 Sold $100,000 -13.0% $66 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
06/22/2016 06/22/16 For Sale $115,000 -- $76 / 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 $1,237 $72,200 $8,120 $64,080
2024 $1,237 $36,480 $3,200 $33,280
2023 $2,222 $36,480 $3,200 $33,280
2022 $2,222 $36,480 $3,200 $33,280
2021 $1,259 $36,480 $3,200 $33,280
2020 $2,513 $34,680 $3,200 $31,480
2019 $1,108 $34,680 $3,200 $31,480
2018 $1,108 $34,680 $3,200 $31,480
2017 $1,135 $34,680 $3,200 $31,480
2016 $1,339 $30,640 $0 $0
2014 $1,339 $30,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jacob Laurence

    Seller's Agent in 2021

    Jacob Laurence

    Keller Williams

    (901) 734-8006

    1 in this area

    55 Total Sales

    Jacob Laurence
    Section Image

  • J

    Buyer's Agent in 2021

    Jessica Sewell

    Prime Real Estate Group

    (208) 620-8283

    2 in this area

    36 Total Sales

    Jessica Sewell
    Section Image

  • J

    Seller's Agent in 2020

    Jimmy Kennedy

    KAIZEN Realty, LLC

    (901) 221-4041

    55 Total Sales

    Jimmy Kennedy
    Section Image

  • D

    Seller's Agent in 2017

    Debra Conley

    The Austin Group

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10108845

Memphis Area Association of REALTORS®

APN: 02-1101-0-0034

Tennessee Shelby County Memphis 38104 Crosstown

1312 Faxon Ave, Memphis, TN

This home is located at 1312 Faxon Ave, Memphis, TN 38104 since 16 September 2021 and is currently estimated at $225,973, approximately $149 per square foot. This property was built in 1947. 1312 Faxon 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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