NOT LISTED FOR SALE

1641 Forrest Ave Memphis, TN 38112

Midtown Memphis Neighborhood

Estimated Value: $278,000 - $483,000

4 Beds
2 Baths
2,704 Sq Ft
$135/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $375,000 $139 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,135/month

17 Days on Market

About This Home

As of May 2021

Rare chance to own quality rental property(2 Units) in the sought after midtown area! Fantastic location just minutes from downtown Memphis. Hurry won't last long!

Last Agent to Sell the Property

Don Martin

Martin Properties License #218285 Listed on: 04/16/2021

Last Buyer's Agent

Jason Miller

eXp Realty, LLC License #328506

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 55x112

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,704 Sq Ft Home
  • 2-Story Property
  • Washer

Flooring

  • Wood
  • Partially Carpeted

Parking

  • Covered Parking
  • Off-Site Parking

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2 Units
  • Salky Forrest Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 020052 00017

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Townhouse Units
  • MAAR Subdivision Name: EVERGREEN
  • Freestanding: Yes
  • List Price Per Sq Ft: 148
  • Number Of Stories: 2
  • Estimated Sq Ft: 2704
  • Year Built: 1970
  • Construction: Brick
  • List Price Per Unit: 199500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Partial Carpet

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Offsite/Street, Covered

Utilities

  • Hot Water: Gas
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Washer in Unit

Lot Info

  • Lot Number: 1
  • Acreage: 0.14
  • Lot Size: 55X112

Rental Info

  • Tenant Pays: All Utilities
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 020052 00017

Multi Family

  • Total Number Of Units: 2
  • Number2 Bedroom Units: 2
  • Type of Unit: 2 BR - 1+ Baths, Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
May 28, 2021
Sold by
1641 43 Forrest Llc
Bought by
Skb Properties Llc
Seller's Agent
Don Martin
Martin Properties
Buyer's Agent
Jason Miller
eXp Realty, LLC
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%
Current Estimated Value
$365,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,308
Avg. Annual Appreciation
-0.55%
Original Mortgage
$319,200
Outstanding Balance
$265,918
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$99,774

Purchase Details

Closed on
May 21, 2018
Sold by
Pardue Olivia Collom and Pardue Ronald Paul
Bought by
1641 43 Forrest Llc

Purchase Details

Closed on
Apr 1, 2015
Sold by
Pardue Olivia Collom
Bought by
Pardue Olivia Collom and Pardue Ronald Paul

Purchase Details

Closed on
Sep 14, 2009
Sold by
Collom Wanda G
Bought by
Collom Wanda G and Pardue Olivia Collom

Purchase Details

Closed on
Mar 28, 2003
Sold by
Ray Charles Eugene and Ray Laura Edith
Bought by
Collom Wanda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.82%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Skb Properties Llc $375,000 Memphis Title Company
1641 43 Forrest Llc -- None Available
Pardue Olivia Collom -- None Available
Collom Wanda G -- None Available
Collom Wanda G $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skb Properties Llc $319,200
Previous Owner Collom Wanda G $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $375,000 -6.0% $139 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $399,000 -- $148 / 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 $2,537 $137,840 $21,520 $116,320
2024 $2,537 $74,840 $14,720 $60,120
2023 $4,559 $74,840 $14,720 $60,120
2022 $4,559 $74,840 $14,720 $60,120
2021 $2,582 $74,840 $14,720 $60,120
2020 $4,721 $65,160 $14,720 $50,440
2019 $2,082 $65,160 $14,720 $50,440
2018 $2,639 $65,160 $14,720 $50,440
2017 $2,132 $65,160 $14,720 $50,440
2016 $2,540 $58,120 $0 $0
2014 $2,540 $58,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Don Martin

    Martin Properties

    Section Image
  • Jason Miller

    Buyer's Agent in 2021

    Jason Miller

    eXp Realty, LLC

    (901) 212-4141

    1 in this area

    228 Total Sales

    Jason Miller
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10097291

Memphis Area Association of REALTORS®

APN: 02-0052-0-0017

Tennessee Shelby County Memphis 38112 Midtown Memphis

1641 Forrest Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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