NOT LISTED FOR SALE

1398 E Mallory Ave Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $100,755 - $127,000

2 Beds
1 Bath
1,411 Sq Ft
$80/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $99,900 $71 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $665/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Wood Fence
  • 1-Story Property
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

As of July 2022

Excellent investment opportunity. Cash flowing, tenant occupied, brick duplex that is professionally managed. Property is on a corner lot. Home has had many recent repairs including a new roof and LVP flooring throughout. Total monthly rent is $997/mo. Financed offers welcome. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. NO WHOLESALE OR ASSIGNMENTS.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 06/17/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

William Haynes

Crye-Leike, Inc., REALTORS License #355990

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $603

Year Built

  • Built in 1963

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60x121
  • Wood Fence

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,411 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Mallory Avenue Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 060048 00040

Home Details

Home Type

Single Family

Est. Annual Taxes

$603

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 748D
  • MAAR Subdivision Name: MALLORY AVE TERRACE
  • Freestanding: Yes
  • List Price Per Sq Ft: 71
  • Number Of Stories: 1
  • Price Per Sq Ft: 70.8
  • Estimated Sq Ft: 1411
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Electric

Lot Info

  • Lot Description: Wood Fenced
  • Lot Number: 260
  • Acreage: 0.15
  • Lot Size: 60X121
  • Price Per Acre: 666000

Tax Info

  • Assessor Parcel Number: 060048 00040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Jul 15, 2022
Sold by
Lake Investment Holdings Llc
Bought by
Yuriar Bryant
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
William Haynes
Crye-Leike, Inc., REALTORS
List Price
$99,900
Sold Price
$99,900
Current Estimated Value
$112,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,539
Avg. Annual Appreciation
3.94%
Original Mortgage
$74,925
Outstanding Balance
$72,059
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$40,380

Purchase Details

Listed on
Apr 27, 2020
Closed on
May 27, 2020
Sold by
Mc2012 Properties Memphis Llc
Bought by
Lake Investment Holdings Llc
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$45,000
Sold Price
$42,500
Premium/Discount to List
-$2,500
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.81%

Purchase Details

Listed on
Jan 16, 2013
Closed on
Nov 8, 2013
Sold by
Alfred Lee Enterprises Llc
Bought by
Mc2012 Properties Memphis Llc
Seller's Agent
Beverly Hyter
KAIZEN Realty, LLC
Buyer's Agent
Rasheedah Jones
Dreamteam Realty Co
List Price
$46,000
Sold Price
$31,500
Premium/Discount to List
-$14,500
-31.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%

Purchase Details

Listed on
Jul 23, 2012
Closed on
Sep 21, 2012
Sold by
Federal National Mortgage Association
Bought by
Alfred Lee Enterprise Llc
Seller's Agent
Juan Brooks
Process Realty Services
Buyer's Agent
Beverly Hyter
KAIZEN Realty, LLC
List Price
$17,500
Sold Price
$12,100
Premium/Discount to List
-$5,400
-30.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
133.20%

Purchase Details

Closed on
Jun 21, 2012
Sold by
Johnson Christie E
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 23, 2002
Sold by
Yates Linda Fay Ballentine
Bought by
Thomas Christie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
6.1%

Purchase Details

Closed on
Jun 3, 1996
Sold by
Armstrong Branch Shirley M
Bought by
Ballentine Linda Fay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,607
Interest Rate
7.88%
Mortgage Type
FHA
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
Yuriar Bryant $99,900 Memphis Title
Lake Investment Holdings Llc $42,500 Saddle Creek Title Llc
Mc2012 Properties Memphis Llc $31,500 None Available
Alfred Lee Enterprise Llc $12,100 Multiple
Federal National Mortgage Association $49,232 None Available
Thomas Christie $40,000 Assured Escrow & Title
Ballentine Linda Fay $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yuriar Bryant $74,925
Previous Owner Johnson Christie E $50,150
Previous Owner Thomas Christie E $23,444
Previous Owner Thomas Christie $32,000
Previous Owner Ballentine Linda F $3,523
Previous Owner Ballentine Linda Fay $27,607
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $99,900 0.0% $71 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $99,900 +135.1% $71 / Sq Ft
05/27/2020 05/27/20 Sold $42,500 -5.6% $30 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $45,000 +42.9% $32 / Sq Ft
11/08/2013 11/08/13 Sold $31,500 -31.5% $22 / Sq Ft
11/06/2013 11/06/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $46,000 +280.2% $32 / Sq Ft
09/21/2012 09/21/12 Sold $12,100 -30.9% $9 / Sq Ft
09/10/2012 09/10/12 Pending -- -- --
07/23/2012 07/23/12 For Sale $17,500 -- $12 / 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 $38,200 $2,600 $35,600
2024 $603 $17,800 $1,080 $16,720
2023 $1,084 $17,800 $1,080 $16,720
2022 $1,084 $17,800 $1,080 $16,720
2021 $1,097 $17,800 $1,080 $16,720
2020 $1,243 $17,160 $1,080 $16,080
2019 $548 $17,160 $1,080 $16,080
2018 $548 $17,160 $1,080 $16,080
2017 $561 $17,160 $1,080 $16,080
2016 $787 $18,000 $0 $0
2014 $787 $18,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Tapley

    Seller's Agent in 2022

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    45 in this area

    1,232 Total Sales

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  • William Haynes

    Buyer's Agent in 2022

    William Haynes

    Crye-Leike, Inc., REALTORS

    (865) 454-1124

    15 in this area

    258 Total Sales

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  • Beverly Hyter

    Seller's Agent in 2013

    Beverly Hyter

    KAIZEN Realty, LLC

    (901) 219-6646

    3 in this area

    88 Total Sales

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  • Rasheedah Jones

    Buyer's Agent in 2013

    Rasheedah Jones

    Dreamteam Realty Co

    (901) 335-5098

    3 in this area

    48 Total Sales

    Section Image
  • Juan Brooks

    Seller's Agent in 2012

    Juan Brooks

    Process Realty Services

    (901) 864-4145

    1 in this area

    61 Total Sales

    Section Image

  • R

    Seller Co-Listing Agent in 2012

    R Darnell Tate

    Byrd Realty Services, LLC

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10126600

Memphis Area Association of REALTORS®

APN: 06-0048-0-0040

Tennessee Shelby County Memphis 38106 Southeast Memphis

1398 E Mallory Ave, Memphis, TN

This home is located at 1398 E Mallory Ave, Memphis, TN 38106 since 17 June 2022 and is currently estimated at $112,439, approximately $79 per square foot. This property was built in 1963. 1398 E Mallory Ave is a home located in Shelby County with nearby schools including Hamilton High School, Believe Memphis Academy Charter School, and Memphis College Preparatory.

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