NOT LISTED FOR SALE

1408 Effie Rd Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $74,213 - $98,000

1 Bed
1 Bath
1,008 Sq Ft
$85/Sq Ft Est. Value

Sale Details

Date Sold: June 4, 2020

Last sale price $17,000 $17 Per Sq Ft

Est. 406% increase in value since last sale

Current estimated payment $524 / mo

25 Days on Market

Highlights

  • Separate Formal Living Room
  • Brick Veneer
  • Level Lot
  • Porch
  • Partially Carpeted
  • 1-Story Property

About This Home

As of June 2020

Great investment opportunity solid brick duplex

Last Agent to Sell the Property

Barry Less

Leco Realty, Inc. License #281548 Listed on: 03/26/2020

Last Buyer's Agent

Barry Less

Leco Realty, Inc. License #281548 Listed on: 03/26/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Brick Veneer

Interior Spaces

  • 1,008 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Separate Formal Living Room

Flooring

  • Partially Carpeted
  • Vinyl

Outdoor Features

  • Porch

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • Mallory Avenue Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 060051 00057

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Ranch
  • Second Address Number: 1410
  • MAAR Subdivision Name: MALLORY AVE TERRACE
  • Freestanding: Yes
  • List Price Per Sq Ft: 12
  • Number Of Stories: 1
  • Estimated Sq Ft: 1008
  • Year Built: 1958
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Carpet, Vinyl Floor

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer, Aluminum Window(s)

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Heating: Wall Heat
  • Hot Water: Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 71 and 72
  • Acreage: 0.14
  • Lot Size: .14 acres

Tax Info

  • Assessor Parcel Number: 060051 00057

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2024
Sold by
Bought by
Current Estimated Value
$86,053

Purchase Details

Listed on
Mar 26, 2020
Closed on
Jun 5, 2020
Sold by
Bought by
Seller's Agent
Barry Less
Leco Realty, Inc.
Buyer's Agent
Barry Less
Leco Realty, Inc.
List Price
$12,500
Sold Price
$17,000
Premium/Discount to List
$4,500
36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.23%

Purchase Details

Closed on
Feb 21, 2019
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
5.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$17,000 None Available
$51,880 None Available
-- Netco
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $61,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/04/2020 06/04/20 Sold $17,000 +36.0% $17 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $12,500 -- $12 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $629 $23,400 $2,560 $20,840
2024 $439 $12,960 $1,000 $11,960
2023 $789 $12,960 $1,000 $11,960
2022 $789 $12,960 $1,000 $11,960
2021 $352 $12,960 $1,000 $11,960
2020 $710 $9,800 $1,000 $8,800
2019 $313 $9,800 $1,000 $8,800
2018 $313 $9,800 $1,000 $8,800
2017 $321 $9,800 $1,000 $8,800
2016 $676 $15,480 $0 $0
2014 $676 $15,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barry Less

    Seller's Agent in 2020

    Barry Less

    Leco Realty, Inc.

    (901) 461-0046

    1 in this area

    151 Total Sales

    Barry Less
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10073634

Memphis Area Association of REALTORS®

APN: 06-0051-0-0057

Tennessee Shelby County Memphis 38106 Southeast Memphis

1408 Effie Rd, Memphis, TN

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