NOT LISTED FOR SALE

1480 Patton St Memphis, TN 38106

South Memphis Neighborhood
16 Beds
-- Bath
5,088 Sq Ft
0.55 Acres

Last Sold January 27, 2015

Last sale price $70,000 $14 Per Sq Ft

84 Days on Market

Highlights

  • 0.55 Acre Lot
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of January 2015

This 8 unit property is located in S Memphis. The units are all 2 bedroom 1 bath. The scheduled monthly rents are $2573/mo.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 08/07/2014

Crye-Leike Commercial

Last Buyer's Agent

Ryan Lubin

Lubin Property Management, LLC License #317233

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1925

Lot Details

  • 0.55 Acre Lot

Parking

  • Off-Site Parking

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 5,088 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

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

Community Details

  • 2 Buildings
  • 8 Units
  • Rayburn Ave Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 035096 00002

Property Details

Home Type

Apartment

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: RAYBURN AVE
  • Freestanding: Yes
  • List Price Per Sq Ft: 20
  • Number Of Stories: 1
  • Estimated Sq Ft: 5088
  • Year Built: 1925
  • Construction: Brick
  • List Price Per Unit: 12437.5
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor, Wall to Wall Carpet
  • Appliances Equipment: Refrigerator

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Shingle/Shake, Pitched

Garage/Parking

  • Parking Facility: Offsite/Street

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Gas, Wall Heat

Lot Info

  • Lot Number: 9TO15
  • Acreage: 0.55
  • Lot Size: 126/133X150/195
  • Improved Sq Ft: 5084
  • Land Sq Ft: 24176

Rental Info

  • Leaseable Sq Ft: 5084
  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 035096 00002

Multi Family

  • Perc Occ: 87
  • Total Number Of Units: 8
  • Number2 Bedroom Units: 8
  • Type of Unit: 2 BR - 1 Bath

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/27/2015 01/27/15 Sold $70,000 -29.6% $14 / Sq Ft
10/30/2014 10/30/14 Pending -- -- --
08/07/2014 08/07/14 For Sale $99,500 +24.4% $20 / Sq Ft
07/02/2013 07/02/13 Sold $80,000 -16.7% $16 / Sq Ft View Prior Sale
06/27/2013 06/27/13 Pending -- -- --
02/22/2012 02/22/12 For Sale $96,000 -- $19 / 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 $926 $32,560 $13,440 $19,120
2024 $926 $27,320 $12,600 $14,720
2023 $1,664 $27,320 $12,600 $14,720
2022 $1,664 $27,320 $12,600 $14,720
2021 $1,684 $27,320 $12,600 $14,720
2020 $1,855 $25,600 $12,600 $13,000
2019 $818 $25,600 $12,600 $13,000
2018 $818 $25,600 $12,600 $13,000
2017 $837 $25,600 $12,600 $13,000
2016 $1,065 $24,360 $0 $0
2014 $1,065 $24,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2015

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    4 in this area

    81 Total Sales

    Jeffrey Moore
    Section Image

  • R

    Buyer's Agent in 2015

    Ryan Lubin

    Lubin Property Management, LLC

    (901) 272-0100

    3 Total Sales

    Ryan Lubin
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9933375

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38106 South Memphis

1480 Patton St, Memphis, TN

Not Listed for Sale

MultiFamily

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