1541 Mcmillan St Memphis, TN 38106
South Memphis Neighborhood
5
Beds
2
Baths
1,600-1,799
Sq Ft
5,663
Sq Ft Lot
Highlights
- Traditional Architecture
- Porch
- Central Heating and Cooling System
- Main Floor Primary Bedroom
- Laundry Room
- 3-minute walk to Southside Park
About This Home
As of January 2025Rare opportunity to own a 5 bedroom 2 full bath investment property! Already income producing with Section 8 tenant in place. $1541 monthly, Lease Exp: 01/31/2025. Fantastic ROI! Built in 2007, low maintenance exterior; Brick with vinyl siding. HVAC system and new water heater less than 2 years old. DO NOT DISTURB TENANT! No owner or creative financing available on this property. *Photos taken prior to current tenant occupancy. Call agent for more information.
Last Agent to Sell the Property
KAIZEN Realty, LLC License #309063 Listed on: 01/14/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $525
Year Built
- Built in 2007
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 75x80
- Level Lot
Parking
- Driveway
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,600-1,799 Sq Ft Home
- 1,680 Sq Ft Home
- 2-Story Property
- Popcorn or blown ceiling
- Aluminum Window Frames
- Partially Carpeted
- Attic Access Panel
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Primary Bedroom on Main
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Additional Features
- Porch
- Central Heating and Cooling System
Community Details
- Lauderdale St Pl Blk 11 Subdivision
Listing and Financial Details
- Assessor Parcel Number 034026 00005C
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 14, 2025
Closed on
Jan 28, 2025
Sold by
Aviato Holdings Llc
Bought by
Mcmillan 1541 Tn Llc
Seller's Agent
LaJuana Miller
KAIZEN Realty, LLC
Buyer's Agent
LaJuana Miller
KAIZEN Realty, LLC
List Price
$133,000
Sold Price
$127,500
Premium/Discount to List
-$5,500
-4.14%
Total Days on Market
2
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249
Avg. Annual Appreciation
0.56%
Purchase Details
Listed on
Sep 12, 2022
Closed on
Nov 30, 2022
Sold by
Markus Arthur
Bought by
Aviato Holdings Llc
Seller's Agent
LaJuana Miller
KAIZEN Realty, LLC
Buyer's Agent
LaJuana Miller
KAIZEN Realty, LLC
List Price
$115,000
Sold Price
$90,000
Premium/Discount to List
-$25,000
-21.74%
Views
57
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.50%
Original Mortgage
$90,000
Interest Rate
7.08%
Mortgage Type
Seller Take Back
Purchase Details
Listed on
Jan 20, 2022
Closed on
Jul 29, 2022
Sold by
Phoenix Gp Llc
Bought by
Markus Arthur and Genin Vadim
Seller's Agent
Tina Andrade
Fast Track Realty, LLC
Buyer's Agent
LaJuana Miller
KAIZEN Realty, LLC
List Price
$65,000
Sold Price
$56,000
Premium/Discount to List
-$9,000
-13.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
303.68%
Purchase Details
Closed on
May 31, 2018
Sold by
Uph 127 Lp
Bought by
Gp Phenix
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,877
Interest Rate
4.5%
Mortgage Type
New Conventional
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $127,500 | Edco Title & Closing Services | |
| Warranty Deed | $90,000 | Edco Title & Closing Services | |
| Warranty Deed | $56,000 | Realty Title & Escrow | |
| Warranty Deed | $115,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $90,000 | Seller Take Back | |
| Previous Owner | $89,600 | New Conventional | |
| Previous Owner | $89,600 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $142,877 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2025 01/29/25 | Sold | $127,500 | -4.1% | $80 / Sq Ft |
| 01/16/2025 01/16/25 | Pending | -- | -- | -- |
| 01/14/2025 01/14/25 | For Sale | $133,000 | +47.8% | $83 / Sq Ft |
| 12/01/2022 12/01/22 | Sold | $90,000 | -14.2% | $56 / Sq Ft |
| 11/03/2022 11/03/22 | Pending | -- | -- | -- |
| 10/21/2022 10/21/22 | Price Changed | $104,900 | -0.1% | $66 / Sq Ft |
| 10/16/2022 10/16/22 | Price Changed | $105,000 | -3.7% | $66 / Sq Ft |
| 10/06/2022 10/06/22 | Price Changed | $109,000 | -0.9% | $68 / Sq Ft |
| 09/23/2022 09/23/22 | Price Changed | $110,000 | -4.3% | $69 / Sq Ft |
| 09/12/2022 09/12/22 | For Sale | $115,000 | +105.4% | $72 / Sq Ft |
| 07/29/2022 07/29/22 | Sold | $56,000 | -13.8% | $35 / Sq Ft |
| 05/24/2022 05/24/22 | Pending | -- | -- | -- |
| 05/06/2022 05/06/22 | For Sale | $65,000 | +16.1% | $41 / Sq Ft |
| 05/03/2022 05/03/22 | Off Market | $56,000 | -- | -- |
| 04/15/2022 04/15/22 | Price Changed | $65,000 | -13.3% | $41 / Sq Ft |
| 01/20/2022 01/20/22 | For Sale | $75,000 | +16.9% | $47 / Sq Ft |
| 12/11/2020 12/11/20 | Sold | $64,140 | 0.0% | $40 / Sq Ft |
| 12/03/2020 12/03/20 | Off Market | $64,140 | -- | -- |
| 12/01/2020 12/01/20 | Pending | -- | -- | -- |
| 11/16/2020 11/16/20 | For Sale | $67,500 | +5.2% | $42 / Sq Ft |
| 09/10/2020 09/10/20 | Off Market | $64,140 | -- | -- |
| 09/10/2020 09/10/20 | Pending | -- | -- | -- |
| 08/19/2020 08/19/20 | Price Changed | $67,500 | +3.8% | $42 / Sq Ft |
| 08/18/2020 08/18/20 | For Sale | $65,000 | -- | $41 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $525 | $24,500 | $1,750 | $22,750 |
| 2024 | $525 | $15,475 | $750 | $14,725 |
| 2023 | $943 | $15,475 | $750 | $14,725 |
| 2022 | $943 | $15,475 | $750 | $14,725 |
| 2021 | $954 | $15,475 | $750 | $14,725 |
| 2020 | $203 | $2,800 | $750 | $2,050 |
| 2019 | $89 | $2,800 | $750 | $2,050 |
| 2018 | $89 | $2,800 | $750 | $2,050 |
| 2017 | $92 | $2,800 | $750 | $2,050 |
| 2016 | $152 | $3,475 | $0 | $0 |
| 2014 | $152 | $14,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
LaJuana Miller
Seller's Agent in 2025
LaJuana Miller
KAIZEN Realty, LLC
(901) 483-1393
32 in this area
196 Total Sales
-
Tina Andrade
Seller's Agent in 2022
Tina Andrade
Fast Track Realty, LLC
(901) 502-0762
52 in this area
282 Total Sales
-
Jimmie Tapley
Seller's Agent in 2020
Jimmie Tapley
Crye-Leike, Inc., REALTORS
(901) 336-7898
33 in this area
287 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10188060
APN: 03-4026-0-0005C
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