NOT LISTED FOR SALE

1771 Forrest Ave Memphis, TN 38112

Midtown Memphis Neighborhood

Estimated Value: $388,226 - $443,000

2 Beds
1 Bath
1,000-1,199 Sq Ft
$345/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $305,000 $254 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,618/month

Highlights

  • The property is located in a historic district
  • 0.36 Acre Lot
  • Some Wood Windows
  • Updated Kitchen
  • Wood Flooring
  • Living Room

About This Home

As of February 2023

Recently renovated spacious 2 bedroom with lots of closet space, lovely hardwood floors, fireplace , eat in kitchen and washer dryer. This English cottage is in a great location within walking distance of Overton Park and the zoo plus restaurants and the Concourse.

Last Agent to Rent the Property

Linda Sowell

Sowell, Realtors License #50660 Listed on: 11/10/2022

Last Renter's Agent

Linda Sowell

Sowell, Realtors License #50660 Listed on: 11/10/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,407

Year Built

  • Built in 1945

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 90x176
  • Few Trees

Parking

  • Driveway

Home Design

  • Triplex
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Window Treatments
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Partial Basement
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Location

  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Glen Mary Subdivision

Listing and Financial Details

  • Assessor Parcel Number 020070 00005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,407

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: Rental Properties
  • Type: Rental
  • Style Code Use: General Residential, Triplex - Inc
  • Cross Street: Hawthorne
  • MLS Map #: 744H
  • MAAR Subdivision Name: EVERGREEN
  • Historic District: Evergreen HC District
  • Number Of Stories: 1
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Dishwasher
  • Living Dining Kitchen: Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments
  • Other Rooms: Unfinished Basement
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Sec Doors, Historic District
  • Exterior Windows: Brick Veneer, Wood/Composition, Wood Window(s)
  • Foundation: Conventional, Partial Basement
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Water Sewer: Public Sewer, Public Water

Lot Info

  • Lot Description: Some Trees
  • Lot Number: W PT 12
  • Acreage: 0.36
  • Lot Size: 90X176
  • Price Per Acre: 4431

Multi Family

  • Number Of Rooms: 5
  • Total Number Of Units: 1

Tax Info

  • Assessor Parcel Number: 020070 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Oct 15, 2020
Sold by
Welch Jack Royel and Watson Robert Andrew
Bought by
Sowell Linda B and Sowell Kirk G
Seller's Agent
Pamela Watson
Crye-Leike, Inc., REALTORS
Buyer's Agent
Linda Sowell
Sowell, Realtors
List Price
$295,000
Sold Price
$305,000
Premium/Discount to List
$10,000
3.39%
Current Estimated Value
$413,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,807
Avg. Annual Appreciation
5.76%
Original Mortgage
$228,750
Outstanding Balance
$166,745
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$233,962
Source: Public Records

Range of Values:

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Average Value
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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
Sowell Linda B $305,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sowell Linda B $228,750
Previous Owner Watson Frank A $210,000
Previous Owner Watson Frank A $78,848
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2023 02/17/23 Rented $1,595 0.0% --
02/08/2023 02/08/23 Under Contract -- -- --
01/11/2023 01/11/23 Price Changed $1,595 -3.3% $2 / Sq Ft
11/15/2022 11/15/22 Price Changed $1,650 -5.7% $2 / Sq Ft
11/10/2022 11/10/22 For Rent $1,750 0.0% --
10/15/2020 10/15/20 Sold $305,000 +3.4% $94 / Sq Ft
09/03/2020 09/03/20 For Sale $295,000 -- $91 / 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 $4,407 $184,760 $44,760 $140,000
2024 $4,407 $130,000 $30,600 $99,400
2023 $7,919 $130,000 $30,600 $99,400
2022 $7,919 $130,000 $30,600 $99,400
2021 $8,012 $147,600 $30,600 $117,000
2020 $6,634 $91,550 $19,125 $72,425
2019 $2,926 $91,550 $19,125 $72,425
2018 $2,926 $91,550 $19,125 $72,425
2017 $2,995 $91,550 $19,125 $72,425
2016 $3,114 $71,250 $0 $0
2014 $3,114 $71,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Sowell

    Landlord's Agent in 2023

    Linda Sowell

    Sowell, Realtors

    (901) 277-4380

    27 in this area

    210 Total Sales

    Linda Sowell
    Section Image
  • Pamela Watson

    Seller's Agent in 2020

    Pamela Watson

    Crye-Leike

    (901) 870-8884

    1 in this area

    77 Total Sales

    Pamela Watson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10137452

Memphis Area Association of REALTORS®

APN: 02-0070-0-0005

Tennessee Shelby County Memphis 38112 Midtown Memphis

1771 Forrest Ave, Memphis, TN

This home is located at 1771 Forrest Ave, Memphis, TN 38112 since 10 November 2022 and is currently priced at $413,807. This property was built in 1945. 1771 Forrest Ave is a home located in Shelby County with nearby schools including Snowden Elementary/Middle School, Central High School, and Crosstown High School.

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