$23,000
SOLD DEC 11, 2024
1 Bed
1 Bath
100-999 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$23 Per Sq Ft

23% Below List Price

20 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Wall to Wall Carpet
  • Separate Formal Living Room
  • Level Lot
  • 1-Story Property

About This Home

As of December 2024

This 1-bedroom, 1-bathroom home is a fantastic investment opportunity in Memphis, ideal for those looking to expand their portfolio. The property requires some minor repairs, offering a great chance to add value and customize to your liking. With its solid structure and classic layout, this house has the potential to become a lucrative rental or a perfect option for VA housing. The home features hardwood floors, a functional kitchen, all situated on a manageable lot. Conveniently located near local amenities, schools, and public transit, it’s a prime spot for attracting tenants or future buyers. Whether you’re considering a fix-and-rent strategy or a light rehab and flip, this property presents a valuable opportunity to invest in an area with high rental demand. Don’t miss out on this promising investment!

Last Agent to Sell the Property

Travis Patterson

C21 Patterson & Assoc. Real Es License #328947 Listed on: 10/16/2024

C21 Patterson & Assoc. Real Es

Last Buyer's Agent

Patrice Williams-Wooten

Keller Williams License #283971

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $93

Year Built

  • Built in 1932

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 75x50
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 100-999 Sq Ft Home
  • 462 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Additional Features

  • Porch
  • Ground Level

Community Details

  • New Chelsea Subdivision

Listing and Financial Details

  • Assessor Parcel Number 040055 00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$93

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 742A
  • MAAR Subdivision Name: NEW CHELSEA
  • Number Of Stories: 1
  • Price Per Sq Ft: 49.78
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 462
  • Year Built: 1932
  • List Price/ Sq Ft: 54
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Wall to Wall Carpet
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Unit

Lot Info

  • Lot Description: Level
  • Lot Number: W PT 8&9
  • Acreage: 0.08
  • Lot Size: 75X50
  • Price Per Acre: 312500
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 040055 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2024
Closed on
Dec 11, 2024
Sold by
Jefferson Juan and Jefferson Jessica
Bought by
Conley Latonya and Conley Julius
Seller's Agent
Travis Patterson
C21 Patterson & Assoc. Real Es
Buyer's Agent
Patrice Williams-Wooten
Keller Williams
List Price
$30,000
Sold Price
$23,000
Premium/Discount to List
-$7,000
-23.33%
Views
54
Current Estimated Value
$36,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,040
Avg. Annual Appreciation
118.24%

Purchase Details

Closed on
Apr 9, 2021
Sold by
Shelby County
Bought by
Jefferson Juan and Jefferson Jessica

Purchase Details

Closed on
Apr 28, 2006
Sold by
Mcdaniel Arthur L
Bought by
Nosam Investment Llc

Purchase Details

Closed on
Jul 11, 2005
Sold by
Taxpayers Delinquent
Bought by
Unik Properties Ltd

Purchase Details

Closed on
Jun 10, 2005
Sold by
Taxpayers Delinquent
Bought by
Unik Properties Ltd

Purchase Details

Closed on
Sep 27, 2001
Sold by
Hilliard Mary Frances Mae and Freeman Beatrice L
Bought by
Mcdaniel Arthur L
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $23,000 Titan Title Company
Warranty Deed $23,000 Titan Title Company
Quit Claim Deed $10,200 None Available
Warranty Deed $9,500 Equity Title & Escrow Co
Legal Action Court Order $1,700 --
Legal Action Court Order $1,700 --
Warranty Deed $5,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $23,000 -8.0% $230 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $25,000 -16.7% $250 / Sq Ft
10/16/2024 10/16/24 For Sale $30,000 -- $300 / 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 $93 $5,875 $1,000 $4,875
2024 $93 $2,750 $625 $2,125
2023 $168 $2,750 $625 $2,125
2022 $168 $2,750 $625 $2,125
2021 $195 $0 $0 $0
2020 $196 $2,700 $625 $2,075
2019 $86 $2,700 $625 $2,075
2018 $86 $2,700 $625 $2,075
2017 $88 $2,700 $625 $2,075
2016 $118 $2,700 $0 $0
2014 $118 $2,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10183426

Memphis Area Association of REALTORS®

APN: 04-0055-0-0011