NOT LISTED FOR SALE

1324 Michigan St Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $410,000

0.16 Acre
$2,562,500 Price per Acre
6,970 Sq Ft Lot

Last Sold November 04, 2022

Last sale price $4,500

Est. 9,011% increase in value since last sale

Current estimated payment $2,248/month

58 Days on Market

About This Lot

As of November 2022

Motivated seller! Huge double lot! Perfect for a multiplex! 1324 Michigan is right next to 1316 Michigan. Hurry and come secure your lot before the new development nearby starts!

Last Agent to Sell the Property

Myles Wilson

Keller Williams License #342620 Listed on: 08/06/2022

Keller Williams

Last Buyer's Agent

Dawn Kinard

Welch Realty, LLC License #234524

Property Details

Property Type

  • Land

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 55x130
  • Level Lot

Additional Features

  • City Lot
  • Phone Available

Community Details

  • Riehlman Subdivision

Listing and Financial Details

  • Assessor Parcel Number 024054 00023

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Land
  • Type: Land
  • Location: City
  • MLS Map #: 747A
  • MAAR Subdivision Name: RIEHLMAN
  • Price Per Sq Ft: 28125
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Utilities

  • Utilities: Electricity, Telephone, Public Water

Lot Info

  • Lot Number: 24&SPT23
  • Acreage: 0.16
  • Lot Size: 55X130
  • Price Per Acre: 31250
  • Zoning: res
  • Improvements: Curbs and Gutters
  • Present Usage: None/Vacant
  • Shape: Regular
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Multi-Family, Single Family

Tax Info

  • Assessor Parcel Number: 024054 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2022
Closed on
Nov 4, 2022
Sold by
Hassan Ikhlas
Bought by
Lockyear Scott and Lockyear Cynthia
Seller's Agent
Myles Wilson
Keller Williams
Buyer's Agent
Dawn Kinard
Welch Realty, LLC
List Price
$5,000
Sold Price
$4,500
Premium/Discount to List
-$500
-10%
Views
4
Current Estimated Value
$410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,500
Avg. Annual Appreciation
409.83%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Lockyear Scott $4,500 Commercial Title Group
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $4,500 -10.0% --
10/03/2022 10/03/22 Pending -- -- --
08/06/2022 08/06/22 For Sale $5,000 -- --
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 -- $1,100 $1,100 --
2024 -- $650 $650 --
2023 $40 $650 $650 $0
2022 $40 $650 $650 $0
2021 $47 $650 $650 $0
2020 $33 $450 $450 $0
2019 $14 $450 $450 $0
2018 $14 $450 $450 $0
2017 $15 $0 $0 $0
2016 $0 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Myles Wilson

    Seller's Agent in 2022

    Myles Wilson

    Keller Williams

    (901) 340-3243

    7 in this area

    208 Total Sales

    Section Image
  • Dawn Kinard

    Buyer's Agent in 2022

    Dawn Kinard

    Welch Realty, LLC

    (901) 490-9003

    11 in this area

    184 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10130589

Memphis Area Association of REALTORS®

APN: 02-4054-0-0023

Tennessee Shelby County Memphis 38106 South Memphis

1324 Michigan St, Memphis, TN

This home is located at 1324 Michigan St, Memphis, TN 38106 since 06 August 2022 and is currently estimated at $410,000. 1324 Michigan St is a home located in Shelby County with nearby schools including Riverview Middle School, Hamilton High School, and Memphis Scholars Florida Kansas.

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