NOT LISTED FOR SALE

1499 N Merton St Memphis, TN 38108

Hollywood Neighborhood

Estimated Value: $44,192 - $76,000

2 Beds
1 Bath
1,323 Sq Ft
$42/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $37,500 $28 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $322/month

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property

About This Home

As of December 2020

Fully rented duplex for sale. Rent is $310 for unit 1501 and $260 for 1499. Long term tenants are month to month. This is an investment property being marketed to investors. Property is in great shape with many updates. Do not disturb tenants. No showings without accepted offer.

Last Agent to Sell the Property

Jane Baker

Sowell, Realtors License #257949 Listed on: 11/19/2020

Last Buyer's Agent

LaJuana Miller

KAIZEN Realty, LLC License #309063

KAIZEN Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40x150
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,323 Sq Ft Home
  • 1-Story Property

Utilities

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

Community Details

  • Fairfax Subdivision

Listing and Financial Details

  • Assessor Parcel Number 042061 00008

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 1501
  • MLS Map #: 742B
  • MAAR Subdivision Name: FAIRFAX
  • Freestanding: Yes
  • List Price Per Sq Ft: 28
  • Number Of Stories: 1
  • Price Per Sq Ft: 28.34
  • Estimated Sq Ft: 1323
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 105
  • Acreage: 0.13
  • Lot Size: 40X150
  • Price Per Acre: 288462

Tax Info

  • Assessor Parcel Number: 042061 00008

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Dec 15, 2020
Sold by
Sims Don and Sims Chryl G
Bought by
Lev Tomer
Seller's Agent
Jane Baker
Sowell, Realtors
Buyer's Agent
LaJuana Miller
KAIZEN Realty, LLC
List Price
$32,500
Sold Price
$37,500
Premium/Discount to List
$5,000
15.38%
Current Estimated Value
$55,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,798
Avg. Annual Appreciation
8.34%
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
Lev Tomer $37,500 Saddle Creek Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2020 12/15/20 Sold $37,500 0.0% $28 / Sq Ft
11/20/2020 11/20/20 Price Changed $37,500 +15.4% $28 / Sq Ft
11/19/2020 11/19/20 For Sale $32,500 -- $25 / 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 -- $21,160 $2,000 $19,160
2024 $362 $10,680 $1,520 $9,160
2023 $651 $10,680 $1,520 $9,160
2022 $651 $10,680 $1,520 $9,160
2021 $658 $10,680 $1,520 $9,160
2020 $675 $9,320 $1,520 $7,800
2019 $298 $9,320 $1,520 $7,800
2018 $298 $9,320 $1,520 $7,800
2017 $305 $9,320 $1,520 $7,800
2016 $449 $10,280 $0 $0
2014 $449 $10,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jane Baker

    Seller's Agent in 2020

    Jane Baker

    Sowell, Realtors

    (901) 500-8550

    1 in this area

    85 Total Sales

    Jane Baker
    Section Image
  • LaJuana Miller

    Buyer's Agent in 2020

    LaJuana Miller

    KAIZEN Realty, LLC

    (901) 483-1393

    6 in this area

    196 Total Sales

    LaJuana Miller
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10089216

Memphis Area Association of REALTORS®

APN: 04-2061-0-0008

Tennessee Shelby County Memphis 38108 Hollywood

1499 N Merton St, Memphis, TN

This home is located at 1499 N Merton St, Memphis, TN 38108 since 19 November 2020 and is currently estimated at $55,298, approximately $41 per square foot. This property was built in 1959. 1499 N Merton St is a home located in Shelby County with nearby schools including Douglass Elementary School, Douglass High School, and Promise Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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