NOT LISTED FOR SALE

1720 Edward Ave Memphis, TN 38107

Vollintine Evergreen Neighborhood

Estimated Value: $94,117 - $130,000

2 Beds
1 Bath
1,793 Sq Ft
$62/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $72,500 $40 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $655/month

49 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Wall to Wall Carpet
  • Corner Lot
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of February 2021

DUPLEX! Great investment opportunity! Central heat and air in both units. Long term tenant on one side (20 years) paying $380/mo, Tenant on the other side (2 years) paying $500/mo. Please don't disturb tenants. Once an acceptable sales price is negotiated, seller will make both sides available for viewing.

Last Agent to Sell the Property

Brandon Smith

Smith Family Real Estate, LLC License #327926 Listed on: 12/02/2020

Last Buyer's Agent

Jimmy Kennedy

KAIZEN Realty, LLC License #303950

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $447

Year Built

  • Built in 1951

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 90x145
  • Corner Lot
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,793 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • John Taylor Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Section 8 Allowed
  • Assessor Parcel Number 041020 00061

Home Details

Home Type

Single Family

Est. Annual Taxes

$447

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 1109
  • MLS Map #: 742C
  • MAAR Subdivision Name: JOHN TAYLOR
  • Freestanding: Yes
  • List Price Per Sq Ft: 50
  • Number Of Stories: 1
  • Price Per Sq Ft: 40.44
  • Estimated Sq Ft: 1793
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Wall to Wall Carpet
  • Estimated Entire Duplex Sq Ft: 1600-1799

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees, Level, Corner
  • Lot Number: 1
  • Acreage: 0.29
  • Lot Size: 90X145
  • Price Per Acre: 310000

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year, Subsidized Rents

Tax Info

  • Assessor Parcel Number: 041020 00061

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2020
Closed on
Feb 1, 2021
Sold by
Anhure Investments Llc
Bought by
Ellis Craig D and Ellis Kimberly M
Seller's Agent
Brandon Smith
Smith Family Real Estate, LLC
Buyer's Agent
Jimmy Kennedy
KAIZEN Realty, LLC
List Price
$99,900
Sold Price
$72,500
Premium/Discount to List
-$27,400
-27.43%
Total Days on Market
49
Current Estimated Value
$111,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,779
Avg. Annual Appreciation
10.80%
Original Mortgage
$54,375
Outstanding Balance
$48,996
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$64,864

Purchase Details

Closed on
Feb 17, 2016
Sold by
Barnett Lillina W and Hill Jean B
Bought by
Anhure Investments Llc

Purchase Details

Closed on
Jul 17, 2012
Sold by
Barnett Lillian W
Bought by
Barnett Lillian W and Hill Jean B
Source: Public Records

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Range of Values:

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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
Ellis Craig D $72,500 None Available
Anhure Investments Llc $22,000 None Available
Barnett Lillian W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellis Craig D $54,375
Previous Owner Mcvay Kevin L $283,195
Previous Owner Barnett Ralph $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $72,500 -19.4% $40 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
01/05/2021 01/05/21 Price Changed $89,900 -10.0% $50 / Sq Ft
12/02/2020 12/02/20 For Sale $99,900 -- $56 / 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 $447 $30,920 $2,400 $28,520
2024 $447 $13,200 $1,600 $11,600
2023 $804 $13,200 $1,600 $11,600
2022 $804 $13,200 $1,600 $11,600
2021 $455 $13,200 $1,600 $11,600
2020 $1,481 $20,440 $1,600 $18,840
2019 $653 $20,440 $1,600 $18,840
2018 $653 $20,440 $1,600 $18,840
2017 $669 $20,440 $1,600 $18,840
2016 $918 $21,000 $0 $0
2014 $918 $21,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brandon Smith

    Smith Family Real Estate, LLC

    (901) 356-4397

    1 in this area

    106 Total Sales

    Brandon Smith
    Section Image

  • J

    Buyer's Agent in 2021

    Jimmy Kennedy

    KAIZEN Realty, LLC

    (901) 221-4041

    2 in this area

    53 Total Sales

    Jimmy Kennedy
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10089788

Memphis Area Association of REALTORS®

APN: 04-1020-0-0061

Tennessee Shelby County Memphis 38107 Vollintine Evergreen

1720 Edward Ave, Memphis, TN

This home is located at 1720 Edward Ave, Memphis, TN 38107 since 02 December 2020 and is currently estimated at $111,279, approximately $62 per square foot. This property was built in 1951. 1720 Edward Ave is a home located in Shelby County with nearby schools including Vollentine Elementary School, Grandview Heights Middle, and Manassas High School.

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