$45,000
SOLD SEP 19, 2025
3 Beds
2 Baths
1,000-1,199 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$38 Per Sq Ft

19% Below List Price

103 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • 1-Story Property

About This Home

As of September 2025

Great investor opportunity. 3 bedroom two bath home with carport. Owned by First Horizon Bank. (two parcels) Bank owned sold as is.

Last Agent to Sell the Property

Jeff Bennett

Hobson, REALTORS License #305204 Listed on: 05/07/2025

Last Buyer's Agent

Dean Harris

CrestCore Realty MphsBrokerage License #286759

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 168x117

Parking

  • 1 Parking Space

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,122 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • Person Ave Subdivision

Listing and Financial Details

  • Assessor Parcel Number 048040 00042

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PERSON AVE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1122
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: C1A

Utilities

  • Cooling: Central
  • Heating: Gas

Lot Info

  • Lot Number: 13
  • Acreage: 0.17
  • Lot Size: 168X117
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 048040 00042

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2025
Closed on
Sep 19, 2025
Sold by
First Tennessee Bank National Associatio
Bought by
Fair Cash Passive 2 Llc
Seller's Agent
Jeff Bennett
Hobson, REALTORS
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$55,900
Sold Price
$45,000
Premium/Discount to List
-$10,900
-19.5%
Views
63
Current Estimated Value
$52,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,726
Avg. Annual Appreciation
76.10%

Purchase Details

Closed on
Jan 17, 2024
Sold by
Mackie Wolf Zientz & Mann Pc
Bought by
First Horizon Bank

Purchase Details

Closed on
Jul 10, 2007
Sold by
Palmer Tracey L
Bought by
Walker Tammie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2004
Sold by
Herton Ricky
Bought by
Palmer Tracey L

Purchase Details

Closed on
Dec 30, 2003
Sold by
Palmer Jessie
Bought by
Hunton Rickey

Purchase Details

Closed on
May 30, 2002
Sold by
Palmer Tracey L
Bought by
Palmer Jessie G

Purchase Details

Closed on
Dec 2, 1996
Sold by
Evans Earnest L
Bought by
Palmer Tracey
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Special Warranty Deed $45,000 Medlock Title Escrow Llc
Trustee Deed $55,250 None Listed On Document
Warranty Deed $55,000 None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Interfamily Deed Transfer -- Memphis Title
Quit Claim Deed -- Memphis Title
Quit Claim Deed -- Memphis Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $55,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 Sold $45,000 -19.5% $45 / Sq Ft
08/18/2025 08/18/25 Pending -- -- --
08/07/2025 08/07/25 For Sale $55,900 0.0% $56 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
05/07/2025 05/07/25 For Sale $55,900 -- $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 $170 $8,925 $1,500 $7,425
2024 $170 $5,025 $1,000 $4,025
2023 $170 $5,025 $1,000 $4,025
2022 $306 $5,025 $1,000 $4,025
2021 $310 $5,025 $1,000 $4,025
2020 $319 $4,400 $1,000 $3,400
2019 $319 $4,400 $1,000 $3,400
2018 $319 $4,400 $1,000 $3,400
2017 $181 $4,400 $1,000 $3,400
2016 $232 $5,300 $0 $0
2014 $232 $5,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10196176

Memphis Area Association of REALTORS®

APN: 04-8040-0-0042