$56,000
SOLD OCT 30, 2024

1603 Marianna St Memphis, TN 38114

Orange Mound Neighborhood
3 Beds
1 Bath
1,000-1,199 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$47 Per Sq Ft

20% Below List Price

7 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating
  • 1-Story Property
  • Wood Flooring
  • Combination Dining and Living Room

About This Home

As of October 2024

Tenant-occupied property, great for investors. Property features 3 bdr 1ba, central heat, window units for air conditioning, being sold AS-IS, cash only. Tenant currently paying $675 per month on a month- to-month term. Property is close to The University of Memphis and the Fairgrounds.

Last Agent to Sell the Property

Kimberly Leake

Tri-Leake Realty License #371113 Listed on: 09/09/2024

Last Buyer's Agent

Kimberly Leake

Tri-Leake Realty License #371113 Listed on: 09/09/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x136
  • Chain Link Fence
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,018 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Wood Flooring
  • Iron Doors

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • George C Diehl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 047068 00021

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 757C
  • MAAR Subdivision Name: ORANGE MOUND
  • Number Of Stories: 1
  • Price Per Sq Ft: 55.01
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1018
  • Year Built: 1952
  • List Price/ Sq Ft: 69
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Chain Fenced
  • Lot Number: 29
  • Acreage: 0.15
  • Lot Size: 50X136
  • Price Per Acre: 466667
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 047068 00021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Sep 26, 2024
Sold by
Smith Emily and Akah Sandra
Bought by
Faircashpassive Llc
Seller's Agent
Kimberly Leake
Tri-Leake Realty
Buyer's Agent
Kimberly Leake
Tri-Leake Realty
List Price
$70,000
Sold Price
$56,000
Premium/Discount to List
-$14,000
-20%
Views
12
Current Estimated Value
$70,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,972
Avg. Annual Appreciation
33.22%
Original Mortgage
$90,008
Interest Rate
6.08%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $56,000 Preferred Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $78,750 New Conventional
Previous Owner $90,008 New Conventional
Previous Owner $15,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2024 10/30/24 Sold $56,000 -20.0% $56 / Sq Ft
09/16/2024 09/16/24 Pending -- -- --
09/09/2024 09/09/24 For Sale $70,000 -- $70 / 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 -- $15,600 $2,450 $13,150
2024 $320 $9,425 $1,000 $8,425
2023 $574 $9,425 $1,000 $8,425
2022 $574 $9,425 $1,000 $8,425
2021 $581 $9,425 $1,000 $8,425
2020 $504 $6,950 $1,000 $5,950
2019 $504 $6,950 $1,000 $5,950
2018 $504 $6,950 $1,000 $5,950
2017 $286 $6,950 $1,000 $5,950
2016 $356 $8,150 $0 $0
2014 $356 $8,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kimberly Leake

    Tri-Leake Realty

    (901) 650-1922

    2 in this area

    3 Total Sales

    Kimberly Leake
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10180879

Memphis Area Association of REALTORS®

APN: 04-7068-0-0021

Tennessee Shelby County Memphis 38114 Orange Mound

1603 Marianna St, Memphis, TN

This home is located at 1603 Marianna St, Memphis, TN 38114 and is currently priced at $56,000, approximately $46 per square foot. This property was built in 1952. 1603 Marianna St is a home located in Shelby County with nearby schools including Dunbar Elementary School, Sherwood Middle, and Melrose High School.

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