NOT LISTED FOR SALE

159 N Belvedere Blvd Memphis, TN 38104

Midtown Memphis Neighborhood

Estimated Value: $324,854 - $391,000

4 Beds
5 Baths
3,516 Sq Ft
$104/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $270,000 $77 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,257/month

7 Days on Market

Highlights

  • Wood Flooring
  • Central Heating
  • Hot Water Heating System
  • Efficiency Studio

About This Home

As of February 2020

Great Midtown Investment Addition. Updated and renovated and 100% leased. This Midtown beauty is perfect for any investor's portfolio. Large lot presents great opportunity to add permenant parking and additional units for maximum growth potential. Priced to sell, this one won't last long!

Last Agent to Sell the Property

Rasheedah Jones

Dreamteam Realty Co License #299503 Listed on: 01/23/2020

Last Buyer's Agent

Bernie Klein

KAIZEN Realty, LLC License #332584

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,291

Year Built

  • Built in 1912

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 50 x 246.5

Parking

  • Gravel Driveway

Home Design

  • Slab Foundation
  • Composition Roof
  • Plaster
  • Stucco

Interior Spaces

  • 3,516 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Efficiency Studio

Kitchen

  • Free-Standing Range
  • Recirculated Exhaust Fan

Flooring

  • Wood
  • Tile
  • Vinyl

Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for heating, gas, electric, cable TV, cooling
  • Assessor Parcel Number 017038 00005

Community Details

Overview

  • 5 Units
  • Mosby Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,291

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 746B
  • MAAR Subdivision Name: MOSBY
  • Freestanding: Yes
  • List Price Per Sq Ft: 87
  • Number Of Stories: 2
  • Price Per Sq Ft: 964285.71
  • Estimated Sq Ft: 3516
  • Year Built: 1912
  • Construction: Stucco
  • List Price Per Unit: 61000
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor, Dry Wall, Plaster
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Exhaust Fan/Vent Hood

Exterior Features

  • Foundation: Slab, Conventional/Crawl Space, Partial Basement
  • Roof: Composition

Garage/Parking

  • Parking Facility: Gravel

Utilities

  • Hot Water: Gas, House System, Public Water, Public Sewer
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Central

Lot Info

  • Lot Number: N PT 14
  • Acreage: 0.28
  • Lot Size: 50 X 246.5
  • Price Per Acre: 1089286
  • Improved Sq Ft: 3516
  • Land Sq Ft: 12284

Rental Info

  • Actual Annual Rent: 33636
  • Leaseable Sq Ft: 3516
  • Tenant Pays: Heating, Gas, Electric, Cable TV, Cooling

Tax Info

  • Assessor Parcel Number: 017038 00005

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 5
  • Number1 Bedroom Units: 4
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
Feb 24, 2020
Sold by
Stone Realty Investments Llc
Bought by
J & S Consulting Services
Seller's Agent
Rasheedah Jones
Dreamteam Realty Co
Buyer's Agent
Bernie Klein
KAIZEN Realty, LLC
List Price
$305,000
Sold Price
$270,000
Premium/Discount to List
-$35,000
-11.48%
Current Estimated Value
$363,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,964
Avg. Annual Appreciation
5.50%

Purchase Details

Listed on
Mar 23, 2018
Closed on
Jun 5, 2018
Sold by
Ess Investments Llc
Bought by
Stone Realty Investments Llc
Seller's Agent
Brandon Kamm
Revid Investments, LLC
Buyer's Agent
Patrick Bingham
Keller Williams
List Price
$259,000
Sold Price
$259,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%
Original Mortgage
$194,250
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 25, 2015
Closed on
Jun 3, 2015
Sold by
Wise David R
Bought by
Ess Investments Llc
Seller's Agent
Jerry Modesto
Crye-Leike, Inc., REALTORS
Buyer's Agent
Brandon Kamm
Revid Investments, LLC
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.90%
Original Mortgage
$120,000
Interest Rate
3.79%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 3, 2005
Sold by
Huddleston James Daniel
Bought by
Wise David R and The Sons & Daughters Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,196
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
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
J & S Consulting Services $270,000 Delta Title Services Llc
Stone Realty Investments Llc $259,000 None Available
Ess Investments Llc $150,000 Tri State Title & Escrow Inc
Wise David R $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stone Realty Investments Llc $194,250
Previous Owner Ess Investments Llc $120,000
Previous Owner Ess Investments Llc $120,000
Previous Owner Wise David R $131,196
Closed Wise David R $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2020 02/24/20 Sold $270,000 -11.5% $77 / Sq Ft
01/31/2020 01/31/20 For Sale $305,000 0.0% $87 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $305,000 +17.8% $87 / Sq Ft
06/12/2018 06/12/18 Sold $259,000 0.0% $65 / Sq Ft
04/08/2018 04/08/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $259,000 +72.7% $65 / Sq Ft
06/08/2015 06/08/15 Sold $150,000 -6.2% $46 / Sq Ft
05/05/2015 05/05/15 Pending -- -- --
04/25/2015 04/25/15 For Sale $159,900 -- $50 / 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 $3,291 $136,600 $19,120 $117,480
2024 $3,291 $97,080 $11,560 $85,520
2023 $5,914 $97,080 $11,560 $85,520
2022 $5,914 $97,080 $11,560 $85,520
2021 $5,983 $97,080 $11,560 $85,520
2020 $4,353 $60,080 $11,560 $48,520
2019 $1,920 $60,080 $11,560 $48,520
2018 $1,920 $60,080 $11,560 $48,520
2017 $1,966 $60,080 $11,560 $48,520
2016 $2,821 $64,560 $0 $0
2014 $2,821 $64,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rasheedah Jones

    Seller's Agent in 2020

    Rasheedah Jones

    Dreamteam Realty Co

    (901) 335-5098

    48 Total Sales

    Rasheedah Jones
    Section Image

  • B

    Buyer's Agent in 2020

    Bernie Klein

    KAIZEN Realty, LLC

    Section Image

  • B

    Seller's Agent in 2018

    Brandon Kamm

    Revid Investments, LLC

    (901) 485-4848

    1 in this area

    22 Total Sales

    Brandon Kamm
    Section Image

  • P

    Buyer's Agent in 2018

    Patrick Bingham

    Keller Williams

  • J

    Seller's Agent in 2015

    Jerry Modesto

    Crye-Leike, Inc., REALTORS

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10069523

Memphis Area Association of REALTORS®

APN: 01-7038-0-0005

Tennessee Shelby County Memphis 38104 Midtown Memphis

159 N Belvedere Blvd, Memphis, TN

This home is located at 159 N Belvedere Blvd, Memphis, TN 38104 since 23 January 2020 and is currently estimated at $363,964, approximately $103 per square foot. This property was built in 1912. 159 N Belvedere Blvd is a home located in Shelby County with nearby schools including Idlewild Elementary School, Central High School, and Memphis Academy of Science Engineering Middle/High School.

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