NOT LISTED FOR SALE

1551 Victor St Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $46,000 - $68,000

2 Beds
1 Bath
1,200-1,399 Sq Ft
$42/Sq Ft Est. Value

Last Sold November 08, 2021

Last sale price $40,000 $29 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $341/month

56 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Central Heating and Cooling System
  • Wood Flooring
  • Outdoor Storage
  • Level Lot

About This Home

As of November 2021

Cash Only for this Income producing property that has a great ROI!! Do not disturb the tenants. You can't go wrong with this home, repairs and improvements has been completed. The seller will consider a package deal with other tenant occupied property of 6 yrs (MLS 10108977). Professional Management company in place and is currently rented for $750 a month. Property is being sold As/Is

Last Agent to Sell the Property

KaTrina Kelly-Isom

4 Success Realty, LLC License #291782 Listed on: 08/31/2021

Last Buyer's Agent

Cassandra Bell-Warren

4 Success Realty, LLC License #289692

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $281

Year Built

  • Built in 1922

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 55x150
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,254 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Wood Flooring
  • Iron Doors

Bedrooms and Bathrooms

  • 2 Bedrooms | 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Garage
  • Front Facing Garage
  • Driveway

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Community Details

  • Cordes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 034049 00019

Home Details

Home Type

Single Family

Est. Annual Taxes

$281

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747B
  • MAAR Subdivision Name: CORDES
  • List Price Per Sq Ft: 34
  • Number Of Stories: 1
  • Price Per Sq Ft: 31.9
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1254
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Storage Building
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Iron Door(s)
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 19N PT20
  • Acreage: 0.18
  • Lot Size: 55X150
  • Price Per Acre: 236111

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 034049 00019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2024
Sold by
Smith Brad
Bought by
Rbs Holdings Llc
Current Estimated Value
$58,470

Purchase Details

Listed on
Aug 31, 2021
Closed on
Nov 8, 2021
Sold by
Gardner Dawn and Brown Dawn
Bought by
Smith Brad
Seller's Agent
KaTrina Kelly-Isom
4 Success Realty, LLC
Buyer's Agent
Cassandra Bell-Warren
4 Success Realty, LLC
List Price
$42,500
Sold Price
$40,000
Premium/Discount to List
-$2,500
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.06%

Purchase Details

Closed on
Jun 30, 2003
Sold by
Strickland Ernest D
Bought by
Brown Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2001
Sold by
Citifinancial Mtg Company Inc
Bought by
Strickland Ernest D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.74%

Purchase Details

Closed on
Mar 8, 2001
Sold by
Linda Willett
Bought by
Ford Consumer Finance Company Inc
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
Rbs Holdings Llc $7,000 Excel Title & Escrow
Smith Brad $40,000 Preferred Title & Escrow Llc
Brown Dawn $45,000 --
Strickland Ernest D $19,000 --
Ford Consumer Finance Company Inc $19,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gardner Dawn L $38,700
Previous Owner Brown Dawn $45,000
Previous Owner Strickland Ernest D $32,000
Previous Owner Strickland Ernest D $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2021 11/08/21 Sold $40,000 -5.9% $33 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $42,500 -- $35 / 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 $281 $13,025 $1,750 $11,275
2024 $281 $8,300 $750 $7,550
2023 $506 $8,300 $750 $7,550
2022 $506 $8,300 $750 $7,550
2021 $286 $8,300 $750 $7,550
2020 $446 $6,150 $750 $5,400
2019 $197 $6,150 $750 $5,400
2018 $197 $6,150 $750 $5,400
2017 $201 $6,150 $750 $5,400
2016 $225 $5,150 $0 $0
2014 $225 $5,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • KaTrina Kelly-Isom

    Seller's Agent in 2021

    KaTrina Kelly-Isom

    4 Success Realty, LLC

    (901) 331-5554

    6 in this area

    81 Total Sales

    KaTrina Kelly-Isom
    Section Image
  • Cassandra Bell-Warren

    Buyer's Agent in 2021

    Cassandra Bell-Warren

    4 Success Realty, LLC

    (981) 859-8562

    12 in this area

    137 Total Sales

    Cassandra Bell-Warren
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10108681

Memphis Area Association of REALTORS®

APN: 03-4049-0-0019

Tennessee Shelby County Memphis 38106 South Memphis

1551 Victor St, Memphis, TN

This home is located at 1551 Victor St, Memphis, TN 38106 since 31 August 2021 and is currently estimated at $58,470, approximately $41 per square foot. This property was built in 1922. 1551 Victor St is a home located in Shelby County with nearby schools including A. B. Hill Elementary School, Riverview Middle School, and Hamilton High School.

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