NOT LISTED FOR SALE

1581 N Parkway Memphis, TN 38112

Midtown Memphis Neighborhood

Estimated Value: $301,091 - $373,000

2 Beds
2 Baths
2,854 Sq Ft
$114/Sq Ft Est. Value

Last Sold April 27, 2016

Last sale price $191,250 $67 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,008/month

23 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Level Lot
  • Wood Flooring

About This Home

As of April 2016

Look at this fully renovated midtown duplex, minutes from the Zoo, Greenline, Rhodes College and booming Sears Crosstown areas. Each unit has two full bedrooms, large kitchens, high ceilings and hardwood floors--easily attracting the best tenants and the highest rents. Great management: 0% Vacancy w/ over 10% cap rate. The common laundry and basement storage have potential for increased profit. Built as a duplex! Central heat and air, off street parking and alley access. $1845 in monthly income.

Last Agent to Sell the Property

Jenna Williamson

Green Bee Real Estate License #330197 Listed on: 03/25/2016

Last Buyer's Agent

Kelly Erb

Marx-Bensdorf, REALTORS License #327414

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,754

Year Built

  • Built in 1930

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 63.5x155
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 2,854 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Wood Flooring
  • Partial Basement
  • Fire and Smoke Detector
  • Dishwasher

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Woodland Subdivision

Listing and Financial Details

  • Tenant pays for heating, gas, electric, trash collection
  • Assessor Parcel Number 020040 00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,754

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 1581
  • MLS Map #: 744H
  • MAAR Subdivision Name: EVERGREEN
  • Freestanding: Yes
  • List Price Per Sq Ft: 70
  • Number Of Stories: 2
  • Price Per Sq Ft: 67.01
  • Estimated Sq Ft: 2854
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Appliances Equipment: Refrigerator, Dishwasher, Smoke Detector(s)
  • Estimated Entire Duplex Sq Ft: 2800-2999
  • Miscellaneous Interior: All Window Treatments

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Partial Basement
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: WPT 7
  • Acreage: 0.22
  • Lot Size: 63.5X155
  • Price Per Acre: 902273

Rental Info

  • Tenants Pay: Heating, Gas, Electric, Trash Collection
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 020040 00013

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2012
Closed on
Nov 15, 2012
Sold by
First Bank
Bought by
Mj Holdings Llc
Seller's Agent
Griffin Elkington
River City Land Co., LLC
Buyer's Agent
Griffin Elkington
River City Land Co., LLC
List Price
$169,000
Sold Price
$120,000
Premium/Discount to List
-$49,000
-28.99%
Current Estimated Value
$326,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,273
Avg. Annual Appreciation
7.83%
Original Mortgage
$112,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2011
Sold by
Jones Ii Robert M
Bought by
Firstbank

Purchase Details

Closed on
Apr 27, 2006
Sold by
Gabrion Al Stephen and Nevins Gabrion Julie
Bought by
Jones Ii Robert M and Jones Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.44%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 11, 2005
Sold by
Teixeira Paul L and Teixeira Priscilla
Bought by
Gabrion Al Stephen and Nevins Gabrion Julie

Purchase Details

Closed on
Nov 7, 2003
Sold by
Funk Susan B
Bought by
Teixeira Paul L and Teixeira Priscilla
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
Mj Holdings Llc $120,000 None Available
Firstbank $153,000 None Available
Jones Ii Robert M $205,000 Edco Title & Closing Service
Gabrion Al Stephen $180,000 Southern Trust Title Company
Teixeira Paul L $135,000 Edco Title & Closing Service
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mj Holdings Llc $230,000
Closed Mj Holdings Llc $112,000
Previous Owner Jones Ii Robert M $164,000
Previous Owner Funk Susan B $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2016 04/27/16 Sold $191,250 -3.7% $67 / Sq Ft
04/17/2016 04/17/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $198,500 +65.4% $70 / Sq Ft
11/15/2012 11/15/12 Sold $120,000 -29.0% $42 / Sq Ft
10/19/2012 10/19/12 Pending -- -- --
05/22/2012 05/22/12 For Sale $169,000 -- $59 / 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 $2,754 $130,880 $30,560 $100,320
2024 $2,754 $81,240 $20,880 $60,360
2023 $4,949 $81,240 $20,880 $60,360
2022 $4,949 $81,240 $20,880 $60,360
2021 $5,007 $81,240 $20,880 $60,360
2020 $4,629 $63,880 $20,880 $43,000
2019 $4,629 $63,880 $20,880 $43,000
2018 $4,629 $63,880 $20,880 $43,000
2017 $2,625 $63,880 $20,880 $43,000
2016 $2,797 $64,000 $0 $0
2014 $3,106 $71,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jenna Williamson

    Seller's Agent in 2016

    Jenna Williamson

    Green Bee Real Estate

    (901) 281-3916

    2 in this area

    69 Total Sales

    Section Image
  • Kelly Erb

    Buyer's Agent in 2016

    Kelly Erb

    Marx-Bensdorf, REALTORS

    (901) 355-3830

    4 in this area

    128 Total Sales

    Section Image

  • M

    Buyer Co-Listing Agent in 2016

    Mevolene Rippy

    Leader Realty, LLC

  • Sheldon Rosengarten

    Buyer Co-Listing Agent in 2016

    Sheldon Rosengarten

    Marx-Bensdorf, REALTORS

    (901) 755-5222

    6 in this area

    203 Total Sales

    Section Image

  • G

    Seller's Agent in 2012

    Griffin Elkington

    River City Land Co., LLC

    28 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9973400

Memphis Area Association of REALTORS®

APN: 02-0040-0-0013

Tennessee Shelby County Memphis 38112 Midtown Memphis

1581 N Parkway, Memphis, TN

This home is located at 1581 N Parkway, Memphis, TN 38112 since 25 March 2016 and is currently estimated at $326,273, approximately $114 per square foot. This property was built in 1930. 1581 N Parkway is a home located in Shelby County with nearby schools including Snowden School, Central High School, and Perea Elementary School.

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