NOT LISTED FOR SALE

1564 Foster Ave Memphis, TN 38106

Southeast Memphis Neighborhood

Estimated Value: $108,000 - $197,000

4 Beds
2 Baths
3,232 Sq Ft
$46/Sq Ft Est. Value

Last Sold December 18, 2019

Last sale price $22,000 $7 Per Sq Ft

Est. 570% increase in value since last sale

Current estimated payment $895/month

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Level Lot

About This Home

As of December 2019

Brick Duplex in well established community. Over 3200 Sq Ft of Space. Each Unit contains Four Bedrooms, 2 baths. This property is being sold as-is, but has loads of potential. Perfect Investment Opportunity.

Last Agent to Sell the Property

Cresha Rounds

Adaro Realty, Inc. License #280127 Listed on: 08/01/2019

Adaro Realty, Inc.

Last Buyer's Agent

Danny Lipsey

Keller Williams License #267789

Keller Williams

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,353

Year Built

  • Built in 1912

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 146
  • Chain Link Fence
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Synthetic Stucco Exterior

Interior Spaces

  • 3,232 Sq Ft Home
  • 1.5-Story Property

Flooring

  • Wood
  • Partially Carpeted
  • Vinyl

Utilities

  • Gas Water Heater

Community Details

  • Magnolia Terr Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031023 00037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,353

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 748B
  • MAAR Subdivision Name: MAGNOLIA TERRACE
  • Freestanding: Yes
  • List Price Per Sq Ft: 12
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 6.81
  • Estimated Sq Ft: 3232
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Part Hardwood, Part Carpet, Vinyl Floor

Exterior Features

  • Exterior Windows: Brick Veneer, Synthetic Stucco

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Hot Water: Gas

Lot Info

  • Lot Description: Level, Chain Fenced
  • Lot Number: 97
  • Acreage: 0.16
  • Lot Size: 50 X 146
  • Price Per Acre: 250000

Tax Info

  • Assessor Parcel Number: 031023 00037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2019
Closed on
Dec 19, 2019
Sold by
Thomas Adrian
Bought by
Faith Hope & Grace Properties Llc
Seller's Agent
Cresha Rounds
Adaro Realty, Inc.
Buyer's Agent
Danny Lipsey
Keller Williams
List Price
$54,000
Sold Price
$22,000
Premium/Discount to List
-$32,000
-59.26%
Current Estimated Value
$147,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,362
Avg. Annual Appreciation
38.65%
Original Mortgage
$120,800
Interest Rate
3.7%
Mortgage Type
Commercial
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
Faith Hope & Grace Properties Llc $22,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Faith Hope & Grace Properties Llc $120,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2019 12/18/19 Sold $22,000 -45.0% $7 / Sq Ft
11/22/2019 11/22/19 Pending -- -- --
10/02/2019 10/02/19 Price Changed $40,000 -25.9% $12 / Sq Ft
08/01/2019 08/01/19 For Sale $54,000 -- $17 / 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 $1,353 $56,240 $11,200 $45,040
2024 $1,353 $39,920 $2,360 $37,560
2023 $2,432 $39,920 $2,360 $37,560
2022 $2,432 $39,920 $2,360 $37,560
2021 $2,460 $39,920 $2,360 $37,560
2020 $3,220 $44,440 $2,360 $42,080
2019 $1,420 $44,440 $2,360 $42,080
2018 $1,420 $44,440 $2,360 $42,080
2017 $1,454 $44,440 $2,360 $42,080
2016 $1,748 $40,000 $0 $0
2014 $1,748 $4,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cresha Rounds

    Seller's Agent in 2019

    Cresha Rounds

    Adaro Realty, Inc.

    (901) 602-2890

    1 in this area

    28 Total Sales

    Cresha Rounds
    Section Image
  • Danny Lipsey

    Buyer's Agent in 2019

    Danny Lipsey

    Keller Williams

    (901) 261-7918

    1 in this area

    66 Total Sales

    Danny Lipsey
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10058764

Memphis Area Association of REALTORS®

APN: 03-1023-0-0037

Tennessee Shelby County Memphis 38106 Southeast Memphis

1564 Foster Ave, Memphis, TN

This home is located at 1564 Foster Ave, Memphis, TN 38106 since 01 August 2019 and is currently estimated at $147,362, approximately $45 per square foot. This property was built in 1912. 1564 Foster Ave is a home located in Shelby County with nearby schools including Hamilton High School, Memphis Delta Preparatory Charter School, and Soulsville Charter School.

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