NOT LISTED FOR SALE
4 Beds
-- Baths
3,908 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: June 29, 2018

Last sale price $320,000 $82 Per Sq Ft

33 Days on Market

Highlights

  • In a Historic District
  • Efficiency Studio
  • Ceiling height of 9 feet or more
  • Wood Flooring
  • Landscaped
  • Central Heating and Cooling System

About This Home

As of June 2018

Charming Central Gardens foursquare converted into 4- 1 bedroom apts with a guest house efficiency. Hardwood floors throughout, 100% occupied. Current rents are $800, $675, $675, $750, & $450. Rents should be higher, but are slowly being increased for long term tenants. Showing contingent on accepted offers.

Last Agent to Sell the Property

Stephanie Taylor

Sowell, Realtors License #295151 Listed on: 05/13/2018

Last Buyer's Agent

David Lee Steinberg

River City Land Co., LLC License #313473

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60 x 150
  • Landscaped

Parking

  • Parking Available

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Composition Roof
  • Plaster
  • Wood Composite

Interior Spaces

  • 3,908 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Efficiency Studio
  • Wood Flooring

Kitchen

  • Free-Standing Range
  • Dishwasher

Basement

  • Partial Basement
  • Crawl Space

Location

  • In a Historic District

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 016012 00008

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Merriman Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Converted House
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Freestanding: Yes
  • List Price Per Sq Ft: 83
  • Number Of Stories: 2
  • Estimated Sq Ft: 3908
  • Year Built: 1902
  • Construction: Brick, Wood/Composition
  • List Price Per Unit: 65000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Plaster, 9 Ft or More
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher

Exterior Features

  • Foundation: Conventional/Crawl Space, Partial Basement
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks, Some Landscaping, Historic District

Garage/Parking

  • Parking Facility: 1 Per Unit

Utilities

  • Hot Water: Gas, Public Water, Public Sewer
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Common Laundry

Lot Info

  • Lot Number: 12
  • Acreage: 0.2
  • Lot Size: 60 X 150

Rental Info

  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 016012 00008

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 5
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath, Unfurnished

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
Jun 18, 2021
Sold by
Steinbros Llc
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
$309,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2018
Closed on
Jun 27, 2018
Sold by
Williamson Scott
Bought by
Steinbros Llc
Seller's Agent
Stephanie Taylor
Sowell, Realtors
Buyer's Agent
David Lee Steinberg
River City Land Co., LLC
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 2016
Sold by
Clark Esther J
Bought by
Williamson Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2006
Sold by
Martin Leigh
Bought by
Clark Esther J and Paul E & Esther J Clark Family Trust

Purchase Details

Closed on
Jan 26, 2001
Sold by
Martin James H and Martin Kathryn R
Bought by
Martin Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
7.44%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$412,000 None Listed On Document
Steinbros Llc $320,000 None Available
Williamson Scott $275,000 Attorney
Clark Esther J $265,000 None Available
Martin Leigh $193,030 --
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
Closed $309,000
Previous Owner Steinbros Llc $240,000
Previous Owner Williamson Scott $220,000
Previous Owner Martin Leigh $168,750
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
06/29/2018 06/29/18 Sold $320,000 -1.5% $82 / Sq Ft
05/13/2018 05/13/18 For Sale $325,000 -- $83 / 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 $3,908 $145,280 $37,440 $107,840
2024 $3,519 $103,800 $28,800 $75,000
2023 $6,323 $103,800 $28,800 $75,000
2022 $6,323 $103,800 $28,800 $75,000
2021 $6,397 $103,800 $28,800 $75,000
2020 $7,229 $99,760 $28,800 $70,960
2019 $3,188 $99,760 $28,800 $70,960
2018 $3,188 $99,760 $28,800 $70,960
2017 $3,264 $99,760 $28,800 $70,960
2016 $2,895 $66,240 $0 $0
2014 $2,895 $66,240 $0 $0
Source: Public Records

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10027449

Memphis Area Association of REALTORS®
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