$108,500
SOLD AUG 17, 2021
3 Beds
2 Baths
1,200-1,399 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$78 Per Sq Ft

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of August 2021

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $825 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 06/21/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $603

Year Built

  • Built in 1948

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 54x116
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,214 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Fair Oaks Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 043087 00021

Home Details

Home Type

Single Family

Est. Annual Taxes

$603

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 752C
  • MAAR Subdivision Name: FAIR OAKS TERRACE
  • List Price Per Sq Ft: 89
  • Number Of Stories: 1
  • Price Per Sq Ft: 89.37
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1214
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 20
  • Acreage: 0.14
  • Lot Size: 54X116
  • Price Per Acre: 775000

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 043087 00021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Aug 1, 2021
Sold by
Memphis Ivestments Properties Llc
Bought by
Katira Ashil
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$108,500
Sold Price
$108,500
Total Days on Market
0

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.32%
Original Mortgage
$86,800
Outstanding Balance
$79,606
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$73,023

Purchase Details

Closed on
Aug 19, 2019
Sold by
Tennessee Investment Rental Prop Llc
Bought by
Memphis Investment Porperties Llc

Purchase Details

Closed on
Aug 1, 2006
Sold by
Reedy Debra L
Bought by
Tennessee Investment Rental Property Llc

Purchase Details

Closed on
Oct 25, 2004
Sold by
Tennessee Rehab Inc
Bought by
Reedy Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2003
Sold by
Hill Carlton Lee
Bought by
Tennessee Rehab Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,750
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 1996
Sold by
Lazarini Leo R and Lazarini Martha J
Bought by
Hill Ii Carlton Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,620
Interest Rate
8.28%
Mortgage Type
Unknown
Source: Public Records

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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 $108,500 Delta Title Services Llc
Quit Claim Deed -- Delta Title Services Llc
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Warranty Deed $47,829 --
Warranty Deed $48,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $86,800 New Conventional
Previous Owner $58,500 Purchase Money Mortgage
Previous Owner $42,750 Purchase Money Mortgage
Previous Owner $1,620 Unknown
Previous Owner $49,553 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Price Changed $150,000 -3.2% $125 / Sq Ft
04/14/2025 04/14/25 For Sale $154,900 +42.8% $129 / Sq Ft
08/17/2021 08/17/21 Sold $108,500 0.0% $90 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $108,500 -- $90 / 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 $603 $39,675 $3,750 $35,925
2024 $603 $17,800 $1,350 $16,450
2023 $1,084 $17,800 $1,350 $16,450
2022 $1,084 $17,800 $1,350 $16,450
2021 $231 $8,500 $1,350 $7,150
2020 $498 $6,875 $1,175 $5,700
2019 $220 $6,875 $1,175 $5,700
2018 $220 $6,875 $1,175 $5,700
2017 $225 $6,875 $1,175 $5,700
2016 $397 $9,075 $0 $0
2014 $397 $9,075 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10102190

Memphis Area Association of REALTORS®

APN: 04-3087-0-0021