NOT LISTED FOR SALE

Estimated Value: $42,000 - $83,000

2 Beds
1 Bath
1,068 Sq Ft
$57/Sq Ft Est. Value

Last Sold January 05, 2022

Last sale price $12,000 $11 Per Sq Ft

Est. 428% increase in value since last sale

Current estimated payment $367/month

21 Days on Market

Highlights

  • Traditional Architecture
  • Den
  • Level Lot
  • Separate Formal Living Room
  • Some Wood Windows
  • 1-Story Property

About This Home

As of January 2022

Two bedroom house/One bath needing some TLC ---tenant occupied/great property for investors to add to your portfolio or great property for new/beginning investors.

Last Agent to Sell the Property

Trina Boyce

The Bailey Company Realty, Inc License #272100 Listed on: 12/14/2021

Last Buyer's Agent

Trina Boyce

The Bailey Company Realty, Inc License #272100 Listed on: 12/14/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $237

Year Built

  • Built in 1948

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40x150
  • Level Lot

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,068 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Den

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • On-Street Parking

Location

  • Ground Level

Community Details

  • South Fairfax Subdivision

Listing and Financial Details

  • Assessor Parcel Number 042056 00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$237

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Ground Level-Single Story
  • MLS Map #: 742D
  • MAAR Subdivision Name: FAIRFAX (SOUTH)
  • List Price Per Sq Ft: 19
  • Number Of Stories: 1
  • Price Per Sq Ft: 11.24
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1068
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Den
  • Total Bathrooms: 1

Exterior Features

  • Exterior Windows: Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad, On-Street Parking

Lot Info

  • Lot Description: Level
  • Lot Number: 114
  • Acreage: 0.13
  • Lot Size: 40X150
  • Price Per Acre: 153846

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 042056 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2021
Closed on
Jan 5, 2022
Sold by
Bernard Marye Stevenson and Bernard Sylvester E
Bought by
Horton Richard
Seller's Agent
Trina Boyce
The Bailey Company Realty, Inc
Buyer's Agent
Trina Boyce
The Bailey Company Realty, Inc
List Price
$20,000
Sold Price
$12,000
Premium/Discount to List
-$8,000
-40%
Current Estimated Value
$63,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,376
Avg. Annual Appreciation
59.59%
Original Mortgage
$6,000
Outstanding Balance
$5,575
Interest Rate
3.12%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$59,602

Purchase Details

Listed on
Dec 14, 2021
Closed on
Dec 29, 2021
Sold by
Taylor Jessica and Boyd Desiree
Bought by
Bernard Mary Stevenson
Seller's Agent
Trina Boyce
The Bailey Company Realty, Inc
Buyer's Agent
Trina Boyce
The Bailey Company Realty, Inc
List Price
$20,000
Sold Price
$12,000
Premium/Discount to List
-$8,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Outstanding Balance
$5,575
Interest Rate
3.12%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$59,602

Purchase Details

Closed on
Jul 26, 1996
Sold by
Mcmath Esther B and Stevenson Rubye M
Bought by
Person Rubye M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,800
Interest Rate
8.15%
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
Horton Richard $11,800 Omega T&E Svcs Llc
Bernard Mary Stevenson -- Omega T&E Svcs Llc
Person Rubye M -- First Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horton Richard $6,000
Previous Owner Bernard Marye E $22,245
Previous Owner Person Rubye M $23,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2022 01/05/22 Sold $12,000 -40.0% $11 / Sq Ft
12/14/2021 12/14/21 For Sale $20,000 -- $19 / 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 $237 $8,100 $1,375 $6,725
2024 $237 $7,000 $875 $6,125
2023 $426 $7,000 $875 $6,125
2022 $426 $7,000 $875 $6,125
2021 $507 $7,000 $875 $6,125
2020 $500 $6,900 $875 $6,025
2019 $221 $6,900 $875 $6,025
2018 $221 $6,900 $875 $6,025
2017 $226 $6,900 $875 $6,025
2016 $294 $6,725 $0 $0
2014 $294 $6,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10114270

Memphis Area Association of REALTORS®

APN: 04-2056-0-0010