NOT LISTED FOR SALE

1531 Court Ave Memphis, TN 38104

Midtown Memphis Neighborhood

Estimated Value: $296,000 - $388,005

2 Beds
2 Baths
2,822 Sq Ft
$124/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $345,000 $122 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,186/month

2 Days on Market

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Central Heating and Cooling System
  • Wood Flooring
  • Some Wood Windows

About This Home

As of August 2023

Location, location, location 5 bedrooms, Duplex Apt 1 2br/2 ba rehabbed completely brand new granite countertops, bathrooms, kitchen, light fixtures, Laundry area. Apt 2 new light fixtures, 3br 1 & 1/2 bath with laundry area. You do not want to miss out on this duplex! Tenants do not disturb! New AC condenser, New plumbing pipes ran from house to street! Separate Metered. Showing after accepted offer with proof of funds or pre approval letter.

Last Agent to Sell the Property

Felecia Magro

The Stamps Real Estate Company License #336001 Listed on: 07/12/2023

Last Buyer's Agent

Christopher Lowrie

Bluff City Realty Group, LLC License #352065

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,414

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x155
  • Few Trees

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,822 Sq Ft Home
  • 2.5-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Aluminum Window Frames
  • Partial Basement
  • Termite Clearance
  • Free-Standing Range

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Courtland Pl Subdivision

Listing and Financial Details

  • Tenant pays for heating, gas, electric, lawn maintenance
  • Assessor Parcel Number 017031 00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,414

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 746B
  • MAAR Subdivision Name: COURTLAND PLACE
  • Number Of Stories: 2.5
  • Price Per Sq Ft: 122.25
  • Estimated Sq Ft: 2822
  • Termite Contract: Yes
  • Year Built: 1910
  • List Price/ Sq Ft: 115
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor
  • Number Of Fireplaces: 1
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)

Exterior Features

  • Exterior Windows: Wood/Composition, Aluminum/Steel Siding, Vinyl Siding
  • Foundation: Partial Basement
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Gas

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 13
  • Acreage: 0.17
  • Lot Size: 50X155
  • Price Per Acre: 1911176

Rental Info

  • Tenants Pay: Heating, Gas, Electric, Lawn Maintenance
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 017031 00011

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Aug 14, 2023
Sold by
Mtown Property Llc
Bought by
Nesovic Jennifer Morrison and Nesovic Vladan
Seller's Agent
Felecia Magro
The Stamps Real Estate Company
Buyer's Agent
Christopher Lowrie
Bluff City Realty Group, LLC
List Price
$324,900
Sold Price
$345,000
Premium/Discount to List
$20,100
6.19%
Views
27
Current Estimated Value
$349,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,001
Avg. Annual Appreciation
2.60%
Original Mortgage
$276,000
Outstanding Balance
$268,738
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$94,693

Purchase Details

Closed on
Jan 7, 2021
Sold by
Mtown Property Llc
Bought by
Bancorpsouth Bank

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 12, 2020
Sold by
Kevron Properties Llc
Bought by
Mtown Property Llc
Seller's Agent
Terron Perk
Perk Realty
Buyer's Agent
Felecia Magro
The Stamps Real Estate Company
List Price
$165,000
Sold Price
$160,050
Premium/Discount to List
-$4,950
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.67%

Purchase Details

Closed on
Jan 25, 2008
Sold by
Graves Thomas L
Bought by
Kevron Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Nesovic Jennifer Morrison $345,000 Delta Title Services
Bancorpsouth Bank -- Coventry Escrow & Ttl Co Llc
Mtown Property Llc $160,050 None Available
Kevron Properties Llc $80,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nesovic Jennifer Morrison $276,000
Previous Owner Mtown Property Llc $144,000
Previous Owner Kevron Properties Llc $112,000
Previous Owner Kevron Properties Llc $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $345,000 +6.2% $122 / Sq Ft
07/12/2023 07/12/23 For Sale $324,900 +103.0% $115 / Sq Ft
08/12/2020 08/12/20 Sold $160,050 -3.0% $57 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $165,000 -- $58 / 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 $3,414 $147,600 $17,400 $130,200
2024 $2,134 $62,950 $6,575 $56,375
2023 $3,835 $62,950 $6,575 $56,375
2022 $3,835 $62,950 $6,575 $56,375
2021 $1,708 $62,950 $6,575 $56,375
2020 $2,801 $38,650 $6,575 $32,075
2019 $1,235 $38,650 $6,575 $32,075
2018 $1,235 $38,650 $6,575 $32,075
2017 $1,264 $38,650 $6,575 $32,075
2016 $1,438 $32,900 $0 $0
2014 $1,438 $32,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Felecia Magro

    Seller's Agent in 2023

    Felecia Magro

    The Stamps Real Estate Company

    (901) 283-9373

    4 in this area

    81 Total Sales

    Felecia Magro
    Section Image
  • Christopher Lowrie

    Buyer's Agent in 2023

    Christopher Lowrie

    Bluff City Realty Group, LLC

    (901) 907-3122

    1 in this area

    62 Total Sales

    Christopher Lowrie
    Section Image
  • Terron Perk

    Seller's Agent in 2020

    Terron Perk

    Perk Realty

    (901) 497-1769

    1 in this area

    6 Total Sales

    Terron Perk
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10152046

Memphis Area Association of REALTORS®

APN: 01-7031-0-0011

Tennessee Shelby County Memphis 38104 Midtown Memphis

1531 Court Ave, Memphis, TN

This home is located at 1531 Court Ave, Memphis, TN 38104 since 12 July 2023 and is currently estimated at $349,001, approximately $123 per square foot. This property was built in 1910. 1531 Court Ave is a home located in Shelby County with nearby schools including Bruce Elementary School, Bellevue Middle School, and Central High School.

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