NOT LISTED FOR SALE

1550 Harrison St Memphis, TN 38108

Hollywood Neighborhood

Estimated Value: $47,000 - $64,000

1 Bed
1 Bath
1,125 Sq Ft
$46/Sq Ft Est. Value

Last Sold January 25, 2021

Last sale price $34,000 $30 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $301/month

Highlights

  • Traditional Architecture
  • Hot Water Heating System
  • Level Lot
  • Porch
  • Floor Furnace
  • 5-minute walk to Hollywood Community Center

About This Home

As of January 2021

**Reduced* This all stone duplex has one bedroom and one bath on each side. 1548 side has a long term tenant who has rented for over 6 years ($245/mo) with excellent pay history. 1550 side needs repairs. Professionally managed with estimated market rents at $350-$400 per side. DO NOT DISTURB TENANT. Interior inspection once executed contract is in place. Electrical service was replaced and panel replaced on both sides. Call listing agent for more details.

Last Agent to Sell the Property

Elizabeth Glosson

Fast Track Realty, LLC License #282986 Listed on: 12/13/2020

Last Buyer's Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $292

Year Built

  • Built in 1946

Lot Details

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

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,125 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Vinyl Flooring

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Hot Water Heating System

Community Details

  • Norwood Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 042006 00034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$292

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Hollywood
  • Second Address Number: 1548
  • MLS Map #: 742B
  • MAAR Subdivision Name: NORWOOD
  • Freestanding: Yes
  • List Price Per Sq Ft: 31
  • Number Of Stories: 1
  • Price Per Sq Ft: 30.22
  • Estimated Sq Ft: 1125
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor
  • Estimated Entire Duplex Sq Ft: 1000-1199
  • Miscellaneous Interior: All Window Treatments

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Stone
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: 1 Window Unit per Unit
  • Heating: Floor Furnace
  • Hot Water: Individual System

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 86
  • Acreage: 0.13
  • Lot Size: 40X150
  • Price Per Acre: 268462

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 042006 00034

Multi Family

  • Perc Occ: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2020
Closed on
Jan 25, 2021
Sold by
Oak Street Properties Llc
Bought by
Albert Stephen
Seller's Agent
Elizabeth Glosson
Fast Track Realty, LLC
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$37,500
Sold Price
$34,000
Premium/Discount to List
-$3,500
-9.33%
Current Estimated Value
$51,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,995
Avg. Annual Appreciation
9.44%
Original Mortgage
$23,800
Outstanding Balance
$17,509
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$34,486

Purchase Details

Listed on
Aug 31, 2018
Closed on
Oct 1, 2018
Sold by
Harris Home Rehab Llc
Bought by
Warren Jason
Seller's Agent
Elizabeth Glosson
Fast Track Realty, LLC
Buyer's Agent
Elizabeth Glosson
Fast Track Realty, LLC
List Price
$22,450
Sold Price
$20,250
Premium/Discount to List
-$2,200
-9.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.15%

Purchase Details

Listed on
May 3, 2013
Closed on
Feb 21, 2014
Sold by
Mincey Jerry L
Bought by
Harris Home Rehab Llc
Seller's Agent
Amy Woods
Crye-Leike, Inc., REALTORS
Buyer's Agent
Shana Floyd-Lee
Realty Capital Management, LLC
List Price
$15,500
Sold Price
$10,000
Premium/Discount to List
-$5,500
-35.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.50%

Purchase Details

Closed on
Oct 23, 2009
Sold by
Dembs Sheryl Ann and Silber Bohne Lynn Goldfarb
Bought by
Mincey Jerry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,725
Interest Rate
5.04%
Mortgage Type
Purchase Money Mortgage
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
Albert Stephen $34,000 None Available
Warren Jason $23,250 Baymark Title And Escrow
Harris Home Rehab Llc $55,000 Realty Title
Mincey Jerry L $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Albert Stephen $23,800
Previous Owner Mincey Jerry L $100,725
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/25/2021 01/25/21 Sold $34,000 -2.6% $30 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
12/17/2020 12/17/20 Price Changed $34,900 -6.9% $31 / Sq Ft
12/13/2020 12/13/20 For Sale $37,500 +85.2% $33 / Sq Ft
10/04/2018 10/04/18 Sold $20,250 -9.8% $18 / Sq Ft View Prior Sale
09/25/2018 09/25/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $22,450 +124.5% $20 / Sq Ft
02/21/2014 02/21/14 Sold $10,000 -35.5% $9 / Sq Ft View Prior Sale
02/17/2014 02/17/14 Pending -- -- --
05/03/2013 05/03/13 For Sale $15,500 -- $14 / 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 $292 $18,080 $2,000 $16,080
2024 $292 $8,600 $1,520 $7,080
2023 $524 $8,600 $1,520 $7,080
2022 $524 $8,600 $1,520 $7,080
2021 $623 $8,600 $1,520 $7,080
2020 $571 $7,880 $1,520 $6,360
2019 $252 $7,880 $1,520 $6,360
2018 $252 $7,880 $1,520 $6,360
2017 $258 $7,880 $1,520 $6,360
2016 $383 $8,760 $0 $0
2014 $383 $8,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Glosson

    Seller's Agent in 2021

    Elizabeth Glosson

    Fast Track Realty, LLC

    (901) 336-8103

    3 in this area

    125 Total Sales

    Elizabeth Glosson
    Section Image
  • Tyler Tapley

    Buyer's Agent in 2021

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    19 in this area

    1,209 Total Sales

    Tyler Tapley
    Section Image
  • Amy Woods

    Seller's Agent in 2014

    Amy Woods

    Crye-Leike

    (901) 485-7005

    100 Total Sales

    Amy Woods
    Section Image
  • Shana Floyd-Lee

    Buyer's Agent in 2014

    Shana Floyd-Lee

    Realty Capital Management, LLC

    (901) 674-5690

    22 Total Sales

    Shana Floyd-Lee
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10090349

Memphis Area Association of REALTORS®

APN: 04-2006-0-0034

Tennessee Shelby County Memphis 38108 Hollywood

1550 Harrison St, Memphis, TN

This home is located at 1550 Harrison St, Memphis, TN 38108 since 13 December 2020 and is currently estimated at $51,995, approximately $46 per square foot. This property was built in 1946. 1550 Harrison St is a home located in Shelby County with nearby schools including Douglass Elementary School, Douglass High School, and Promise Academy.

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