NOT LISTED FOR SALE

1742 N Parkway Memphis, TN 38112

Vollintine Evergreen Neighborhood

Estimated Value: $392,000 - $560,192

6 Beds
4 Baths
3,197 Sq Ft
$150/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $335,000 $105 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,832/month

Highlights

  • Wood Flooring
  • Two Cooling Systems Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Efficiency Studio
  • Landscaped
  • Hot Water Heating System

About This Home

As of July 2019

Awesome opportunity for a great investment property located in the Evergreen neighborhood in Midtown. Well cared for triplex with studio apartment in the back. Triple carport with extra parking in rear. Gated Parking. 3 br 1 ba upstairs with central heat and air. Downstairs has a 2br and 1 br apartment. Lots of improvements over the years. Tenants stay an avg of 4 yrs. Total monthly income is $2950.

Last Agent to Sell the Property

Kendall Haney

901 Real Estate Services License #218380 Listed on: 06/13/2019

Last Buyer's Agent

Kendall Haney

901 Real Estate Services License #218380 Listed on: 06/13/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,424

Year Built

  • Built in 1930

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 60 x 225
  • Wood Fence
  • Chain Link Fence
  • Landscaped

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,197 Sq Ft Home
  • 1.5-Story Property
  • Efficiency Studio
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Assigned Parking
  • Secure Parking

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for some utilities, security deposit
  • Month-to-Month Lease Term
  • Assessor Parcel Number 036051 00018

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Faxon's Evergreen Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,424

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Fourplex
  • MLS Map #: 744D
  • MAAR Subdivision Name: EVERGREEN
  • Freestanding: Yes
  • List Price Per Sq Ft: 109
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 1116666.67
  • Estimated Sq Ft: 3197
  • Year Built: 1930
  • Construction: Brick, Wood/Composition
  • List Price Per Unit: 87475
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor, Partial Carpet
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Disposal, Dishwasher, Smoke Detector(s)

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks, Some Landscaping, Wood Fence, Chain Fence

Garage/Parking

  • Parking Facility: Asphalt/Blacktop, Secured, Assigned

Utilities

  • Hot Water: Individual System, Public Water, Public Sewer
  • Cooling Systems: Central, Electrial, 2+ Window Units per Unit, 220 Wiring
  • Heating Systems: Central, Gas, Floor Furnace
  • Laundry: Washer in Unit, Dryer in Unit, Common Laundry

Lot Info

  • Lot Number: 5
  • Acreage: 0.3
  • Lot Size: 60 X 225
  • Price Per Acre: 1166333

Rental Info

  • Actual Annual Rent: 33300
  • Tenant Pays: Some Utilities, Security Deposit
  • Type Of Leases: Monthly, Year

Tax Info

  • Assessor Parcel Number: 036051 00018

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 4
  • Number1 Bedroom Units: 1
  • Number2 Bedroom Units: 1
  • Number3 Bedroom Units: 1
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath, 2 BR - 1 Bath, 3 BR - 1 Bath, Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2019
Closed on
Jul 31, 2019
Sold by
Kennedy Michael K and Williamson Ray D
Bought by
Pass Kassey
Seller's Agent
Kendall Haney
901 Real Estate Services
Buyer's Agent
Kendall Haney
901 Real Estate Services
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%
Current Estimated Value
$478,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,048
Avg. Annual Appreciation
3.46%
Original Mortgage
$328,932
Outstanding Balance
$290,736
Interest Rate
3.73%
Mortgage Type
FHA
Estimated Equity
$121,889

Purchase Details

Closed on
May 29, 1998
Sold by
Mccrosky Nell W
Bought by
Kennedy Michael K and Williamson Ray D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,698
Interest Rate
7.23%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Pass Kassey $335,000 None Available
Kennedy Michael K $158,235 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pass Kassey $328,932
Previous Owner Kennedy Michael K $10,000
Previous Owner Kennedy Michael K $156,698
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $335,000 -4.3% $105 / Sq Ft
06/13/2019 06/13/19 For Sale $349,900 -- $109 / 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 $3,424 $134,040 $24,240 $109,800
2024 $3,424 $101,000 $15,600 $85,400
2023 $6,153 $101,000 $15,600 $85,400
2022 $6,153 $101,000 $15,600 $85,400
2021 $6,225 $101,000 $15,600 $85,400
2020 $5,159 $71,200 $15,600 $55,600
2019 $2,276 $71,200 $15,600 $55,600
2018 $2,276 $71,200 $15,600 $55,600
2017 $2,329 $71,200 $15,600 $55,600
2016 $3,045 $69,680 $0 $0
2014 $3,045 $69,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kendall Haney

    Seller's Agent in 2019

    Kendall Haney

    901 Real Estate Services

    (901) 218-8887

    3 in this area

    94 Total Sales

    Kendall Haney
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10055310

Memphis Area Association of REALTORS®

APN: 03-6051-0-0018

Tennessee Shelby County Memphis 38112 Vollintine Evergreen

1742 N Parkway, Memphis, TN

This home is located at 1742 N Parkway, Memphis, TN 38112 since 13 June 2019 and is currently estimated at $478,048, approximately $149 per square foot. This property was built in 1930. 1742 N Parkway is a home located in Shelby County with nearby schools including Snowden Elementary/Middle School, Central High School, and Believe Memphis Academy Charter School.

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