1736 Lapaloma St Memphis, TN 38114
Southeast Memphis Neighborhood
3
Beds
2
Baths
100-999
Sq Ft
6,098
Sq Ft Lot
Highlights
- Traditional Architecture
- Corner Lot
- Wheelchair Access
- Separate Formal Living Room
- Porch
- Accessible Ramps
About This Home
As of November 2024Your Investment Opportunity! Seize the chance to enhance your rental portfolio with this charming 3-bedroom, 2-bathroom home, situated in a desirable residential community. This property is not only a fantastic investment but also offers immediate cash flow potential, thanks to a reliable tenant currently in place. One of the standout features of this property is the covered side porch, which offers a delightful outdoor space for tenants to enjoy. The property is professionally managed by a reputable property management company. Located in a vibrant neighborhood that is experiencing growth, you will find new construction homes emerging nearby, which indicates a promising future which indicates a promising future for property values in the area. This development enhances the community's appeal and could lead to increased demand for rentals, making this an excellent long-term investment. Please note that we will not entertain assignment of contracts. Don’t let this opportunity slip away!
Last Agent to Sell the Property
KAIZEN Realty, LLC License #275139 Listed on: 11/04/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $170
Year Built
- Built in 1950
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 90x97
- Corner Lot
- Few Trees
Parking
- Driveway
Home Design
- Traditional Architecture
- Composition Shingle Roof
- Pier And Beam
Interior Spaces
- 100-999 Sq Ft Home
- 672 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Separate Formal Living Room
- Pull Down Stairs to Attic
- Fire and Smoke Detector
- Washer and Dryer Hookup
Flooring
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Accessible Home Design
- Wheelchair Access
- Accessible Ramps
Outdoor Features
- Porch
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
Community Details
- Barksdale Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 060105 00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2024
Closed on
Nov 25, 2024
Sold by
Maples Larry D and Maples Carmen A
Bought by
Dawning Investments Llc
Seller's Agent
Linda Woods Bell
KAIZEN Realty, LLC
Buyer's Agent
Mark Nichols
Fast Track Realty, LLC
List Price
$85,000
Sold Price
$85,000
Total Days on Market
1
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,565
Avg. Annual Appreciation
-5.83%
Original Mortgage
$85,500
Outstanding Balance
$43,436
Interest Rate
6.44%
Mortgage Type
Construction
Estimated Equity
$38,999
Purchase Details
Listed on
Nov 4, 2022
Closed on
Dec 30, 2022
Sold by
Hendricks Reginald Dewayne
Bought by
Maples Larry D and Maples Carmen Alexis
Seller's Agent
Jasmine Nolan
Keller Williams
Buyer's Agent
Linda Woods Bell
KAIZEN Realty, LLC
List Price
$73,000
Sold Price
$70,000
Premium/Discount to List
-$3,000
-4.11%
Views
51
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%
Original Mortgage
$59,500
Interest Rate
6.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 2, 2016
Sold by
Hendricks Lina M
Bought by
Hendricks Reginald Dewayne
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $85,000 | Excel Title & Escrow | |
| Warranty Deed | $85,000 | Excel Title & Escrow | |
| Warranty Deed | $70,000 | -- | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $85,500 | Construction | |
| Closed | $85,500 | Construction | |
| Previous Owner | $59,500 | New Conventional | |
| Previous Owner | $20,410 | Unknown | |
| Previous Owner | $20,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2024 11/25/24 | Sold | $85,000 | 0.0% | $850 / Sq Ft |
| 11/05/2024 11/05/24 | Pending | -- | -- | -- |
| 11/04/2024 11/04/24 | For Sale | $85,000 | +21.4% | $850 / Sq Ft |
| 01/03/2023 01/03/23 | Sold | $70,000 | 0.0% | $700 / Sq Ft |
| 11/25/2022 11/25/22 | Price Changed | $70,000 | -4.1% | $700 / Sq Ft |
| 11/04/2022 11/04/22 | For Sale | $73,000 | -- | $730 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $170 | $21,400 | $1,500 | $19,900 |
| 2024 | $170 | $5,025 | $1,000 | $4,025 |
| 2023 | $306 | $5,025 | $1,000 | $4,025 |
| 2022 | $306 | $5,025 | $1,000 | $4,025 |
| 2021 | $136 | $5,025 | $1,000 | $4,025 |
| 2020 | $317 | $4,375 | $1,000 | $3,375 |
| 2019 | $140 | $4,375 | $1,000 | $3,375 |
| 2018 | $140 | $4,375 | $1,000 | $3,375 |
| 2017 | $143 | $4,375 | $1,000 | $3,375 |
| 2016 | $231 | $5,275 | $0 | $0 |
| 2014 | $231 | $5,275 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Linda Woods Bell
Seller's Agent in 2024
Linda Woods Bell
KAIZEN Realty, LLC
(901) 340-8024
4 in this area
124 Total Sales
-
Mark Nichols
Buyer's Agent in 2024
Mark Nichols
Fast Track Realty, LLC
(901) 444-2246
3 in this area
82 Total Sales
-
Jasmine Nolan
Seller's Agent in 2023
Jasmine Nolan
Keller Williams
(901) 581-6973
4 in this area
36 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10184579
APN: 06-0105-0-0001
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