NOT LISTED FOR SALE

Estimated Value: $293,000 - $301,000

2 Beds
1 Bath
1,987 Sq Ft
$150/Sq Ft Est. Value

Last Sold February 01, 2016

Last sale price $137,500 $69 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $1,783/month

Highlights

  • Deck
  • 1 Fireplace
  • 2 Car Detached Garage
  • Wood Flooring
  • Some Wood Windows
  • Skylights

About This Home

As of February 2016

Located on a street of single family homes, this duplex enjoys all of the amenities of Central Gardens--including 24-hour security patrol. With scheduled rents of $1500 a month, 100% occupancy, low turn-over, and over 10% Cap Rate, this is an ideal investment! Walk-up attic is unfinished but could be expanded. Easily convert this back into a single-family home for built-in equity. Back deck, covered parking, laundry rooms, central H/A, appliances included, all utilities metered separately.

Last Agent to Sell the Property

Jenna Williamson

Green Bee Real Estate License #330197 Listed on: 12/11/2015

Last Buyer's Agent

Lana Fowler

Real Estate Agency License #271315

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,575

Year Built

  • Built in 1929

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x160
  • Wood Fence
  • Level Lot

Home Design

  • Bungalow
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • Walk-In Closet
  • 1,987 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Skylights
  • 1 Fireplace
  • Some Wood Windows
  • Window Treatments
  • Attic Access Panel

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • 2 Car Detached Garage
  • Carport
  • Driveway

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Parkland Subdivision
  • Insurance Expense $840

Listing and Financial Details

  • Tenant pays for all utilities, heating, gas, electric, water/sewer, trash collection
  • Assessor Parcel Number 030015 00025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,575

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Single Family Conversion
  • Style: Bungalow
  • Cross Street: Mclean
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Freestanding: Yes
  • List Price Per Sq Ft: 73
  • Number Of Stories: 1
  • Estimated Sq Ft: 1987
  • Termite Contract: Yes
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, 9 or more Ft. Ceiling
  • Number Of Fireplaces: 1
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher, Smoke Detector(s)
  • Estimated Entire Duplex Sq Ft: 1800-1999
  • Miscellaneous Interior: All Window Treatments, Walk-In Closet(s), Attic Access, Sky Light(s), Cable Wired

Exterior Features

  • Misc Exterior: Porch, Deck, Separate Meters
  • Exterior Windows: Wood Window(s), Storm Window(s), Storm Door(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2D
  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level, Wood Fenced
  • Lot Number: E PT 65
  • Acreage: 0.18
  • Lot Size: 50X160

Rental Info

  • Tenants Pay: All Utilities, Heating, Gas, Electric, Water/Sewer, Trash Collection
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 030015 00025

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2025
Sold by
Christopher Mark S and Christopher Caroline
Bought by
King Katelynn and Miller Lauren
Current Estimated Value
$298,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Outstanding Balance
$170,815
Interest Rate
6.01%
Mortgage Type
Credit Line Revolving
Estimated Equity
$127,276

Purchase Details

Listed on
Dec 11, 2015
Closed on
Feb 1, 2016
Sold by
Haralson Bros Holding Co Llc
Bought by
Christopher Mark S and Christopher Caroline
Seller's Agent
Jenna Williamson
Green Bee Real Estate
Buyer's Agent
Lana Fowler
Real Estate Agency
List Price
$145,000
Sold Price
$137,500
Premium/Discount to List
-$7,500
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Original Mortgage
$103,125
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2012
Sold by
Haralson Josh
Bought by
Haralsom Brothers Holding Company Llc

Purchase Details

Closed on
Dec 10, 2003
Sold by
Whitington Frank G
Bought by
Haralson Josha A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,280
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2002
Sold by
Whitington Martha Gaines
Bought by
Whitington Frank G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 29, 2000
Sold by
Mbg Investment Company Llc
Bought by
Whitington Frank G and Whitington Martha Gaines

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2000
Sold by
Rexer William A and Rexer Ruth A
Bought by
Mbg Co Llc and Mbg Investment Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 1994
Bought by
And Rexer and And Ruth
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
King Katelynn $302,000 Edco Title & Closing Services
Christopher Mark S $137,500 Fntg
Haralson Bros Holding Co Llc -- Fntg
Haralsom Brothers Holding Company Llc -- None Available
Haralson Josha A $134,100 --
Whitington Frank G -- --
Whitington Frank G -- Principal Escrow & Title Co
Mbg Co Llc $100,000 --
And Rexer $64,604 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Katelynn $172,000
Previous Owner Christopher Mark S $103,125
Previous Owner Haralson Josha A $107,280
Previous Owner Whitington Frank G $106,500
Previous Owner Mbg Co Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2016 02/01/16 Sold $137,500 -5.2% $69 / Sq Ft
12/24/2015 12/24/15 Pending -- -- --
12/11/2015 12/11/15 For Sale $145,000 -- $73 / 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 $2,575 $102,480 $35,440 $67,040
2024 $2,575 $75,960 $23,920 $52,040
2023 $4,627 $75,960 $23,920 $52,040
2022 $4,627 $75,960 $23,920 $52,040
2021 $4,681 $75,960 $23,920 $52,040
2020 $3,878 $53,520 $23,920 $29,600
2019 $3,878 $53,520 $23,920 $29,600
2018 $3,878 $53,520 $23,920 $29,600
2017 $2,200 $53,520 $23,920 $29,600
2016 $2,248 $51,440 $0 $0
2014 $2,248 $53,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9966817

Memphis Area Association of REALTORS®

APN: 03-0015-0-0025