NOT LISTED FOR SALE

Estimated Value: $124,000 - $165,000

2 Beds
2 Baths
2,000 Sq Ft
$74/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $125,000 $62 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $857/month

21 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of May 2023

Excellent cash-flowing duplex available! Bringing in $1350/mo! Both sides occupied. One side is M2M, the other side is leased through 9/30/23. No showings without accepted offer. Drive by only. Professionally managed. Multiple offers. Highest and best due Wednesday 4/12 at 5pm.

Last Agent to Sell the Property

Caleb Parr

Renshaw Company, REALTORS License #340494 Listed on: 04/10/2023

Last Buyer's Agent

Alissa Fowler

CrestCore Realty MphsBrokerage License #340310

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,012

Year Built

  • Built in 1970

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80x130
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property

Utilities

  • Central Heating and Cooling System

Community Details

  • Valley Forge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 076002 00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,012

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 149
  • MAAR Subdivision Name: VALLEY FORGE
  • Freestanding: Yes
  • List Price Per Sq Ft: 55
  • Number Of Stories: 1
  • Estimated Sq Ft: 2000
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 33
  • Acreage: 0.23
  • Lot Size: 80X130

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 076002 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
May 10, 2023
Sold by
Kitakis Demetrios
Bought by
Henderson Shenika N
Seller's Agent
Caleb Parr
Renshaw Company, REALTORS
Buyer's Agent
Alissa Fowler
CrestCore Realty MphsBrokerage
List Price
$110,000
Sold Price
$125,000
Premium/Discount to List
$15,000
13.64%
Views
1
Current Estimated Value
$147,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,633
Avg. Annual Appreciation
7.03%
Original Mortgage
$93,750
Outstanding Balance
$91,143
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$56,490

Purchase Details

Closed on
Apr 5, 2021
Sold by
Lipson Benjamin
Bought by
Kitakis Demetrios

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 29, 2017
Closed on
Nov 2, 2017
Sold by
Gronwald Harvey
Bought by
Lipson Benjamin and Kitakis Demetrios
Seller's Agent
Jennifer Carstensen
Real Estate Agency
Buyer's Agent
Adam Watson
Keller Williams
List Price
$70,000
Sold Price
$62,000
Premium/Discount to List
-$8,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.47%
Original Mortgage
$46,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2012
Sold by
Tennessee Investment Properties
Bought by
Gronwald Harvey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,930
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2008
Sold by
Perry Gregory L and Perry Janese
Bought by
Tennessee Investment Properties
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
Henderson Shenika N $125,000 Local Title
Kitakis Demetrios -- Saddle Creek Title Llc
Lipson Benjamin $62,000 Title & Escrow Svcs Inc
Gronwald Harvey $59,900 None Available
Tennessee Investment Properties $30,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henderson Shenika N $93,750
Previous Owner Kitakis Demetrios $87,500
Previous Owner Lipson Benjamin $46,500
Previous Owner Gronwald Harvey $41,930
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2023 05/17/23 Sold $125,000 +13.6% $63 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $110,000 +77.4% $55 / Sq Ft
11/03/2017 11/03/17 Sold $62,000 -11.4% $31 / Sq Ft View Prior Sale
09/22/2017 09/22/17 Pending -- -- --
08/29/2017 08/29/17 For Sale $70,000 -- $35 / 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 $1,012 $51,200 $5,960 $45,240
2024 $1,012 $29,840 $4,920 $24,920
2023 $1,818 $29,840 $4,920 $24,920
2022 $1,818 $29,840 $4,920 $24,920
2021 $1,029 $29,840 $4,920 $24,920
2020 $1,962 $27,080 $4,920 $22,160
2019 $865 $27,080 $4,920 $22,160
2018 $865 $27,080 $4,920 $22,160
2017 $886 $27,080 $4,920 $22,160
2016 $1,084 $24,800 $0 $0
2014 $1,084 $24,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10145562

Memphis Area Association of REALTORS®

APN: 07-6002-0-0003