NOT LISTED FOR SALE

1580 Marjorie St Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $53,189 - $141,000

2 Beds
2 Baths
1,537 Sq Ft
$57/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $45,000 $29 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $486/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • 1-Story Property
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of April 2021

Brick Duplex with 2 BR, 1 BA each side. Fenced yards on each side. Extra deep lot. Long term tenants that would love to stay. Home is set back from the street. Great income property, great condition, great tenants. There are multiple offers as of the afternoon of Monday, Jan. 11, 2021. Highest and Best offers due by 5 pm Tuesday, January 12.

Last Agent to Sell the Property

Van Preston

KAIZEN Realty, LLC License #301504 Listed on: 01/09/2021

KAIZEN Realty, LLC

Last Buyer's Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $441

Year Built

  • Built in 1966

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 50x240
  • Chain Link Fence

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,537 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Wood Flooring
  • Eat-In Kitchen

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Barton & Lamb Blk 5 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 034053 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$441

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 747B
  • MAAR Subdivision Name: BARTON & LAMB BLK 5
  • Freestanding: Yes
  • List Price Per Sq Ft: 29
  • Number Of Stories: 1
  • Price Per Sq Ft: 29.28
  • Estimated Sq Ft: 1537
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout

Exterior Features

  • Exterior Windows: Aluminum/Steel Siding

Garage/Parking

  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Chain Fenced
  • Lot Number: 16
  • Acreage: 0.27
  • Lot Size: 50X240
  • Price Per Acre: 166296

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 034053 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2021
Sold by
Bowen Johnny
Bought by
Ghst Investments Llc
Current Estimated Value
$81,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2005
Sold by
Bowen Properties & Management Co Inc
Bought by
Bowen Johnny E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 27, 2004
Sold by
Perry Rosie Lee
Bought by
Bowen Properties & Management Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.73%
Mortgage Type
Credit Line Revolving
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
Ghst Investments Llc $46,000 Memphis Title Co
Bowen Johnny E -- Edco Title & Closing Service
Bowen Properties & Management Co Inc $38,000 Stewart Title Of Memphis Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ghst Investments Llc $40,000
Previous Owner Bowen Johnny E $52,000
Previous Owner Bowen Johnny E $40,000
Previous Owner Bowen Properties & Management Co Inc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $45,000 +0.2% $29 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $44,900 -- $29 / 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 $441 $19,720 $2,400 $17,320
2024 $441 $13,000 $1,600 $11,400
2023 $792 $13,000 $1,600 $11,400
2022 $792 $13,000 $1,600 $11,400
2021 $353 $13,000 $1,600 $11,400
2020 $1,261 $17,400 $1,600 $15,800
2019 $556 $17,400 $1,600 $15,800
2018 $556 $17,400 $1,600 $15,800
2017 $569 $17,400 $1,600 $15,800
2016 $869 $19,880 $0 $0
2014 $869 $19,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    Van Preston

    KAIZEN Realty, LLC

    (615) 540-6302

    6 in this area

    30 Total Sales

    Section Image
  • Tyler Tapley

    Buyer's Agent in 2021

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    80 in this area

    1,237 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10091533

Memphis Area Association of REALTORS®

APN: 03-4053-0-0016

Tennessee Shelby County Memphis 38106 South Memphis

1580 Marjorie St, Memphis, TN

This home is located at 1580 Marjorie St, Memphis, TN 38106 since 09 January 2021 and is currently estimated at $88,047, approximately $57 per square foot. This property was built in 1966. 1580 Marjorie 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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