NOT LISTED FOR SALE

Estimated Value: $354,000 - $393,000

4 Beds
4 Baths
3,098 Sq Ft
$120/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $289,900 $94 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,309/month

Highlights

  • Wood Flooring
  • Efficiency Studio
  • Laundry Facilities

About This Home

As of October 2018

Great income producing property in desirable midtown location. 3 out of 4 units are occupied by tenants and 4th unit (one of the studios) is current set up to be used as an airbnb. All showing are contingent on acceptable offer, tenant rights.

Last Agent to Sell the Property

Stephanie Taylor

Sowell, Realtors License #295151 Listed on: 09/06/2018

Last Buyer's Agent

Stephanie Taylor

Sowell, Realtors License #295151 Listed on: 09/06/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,094

Year Built

  • Built in 1929

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Shake Siding

Interior Spaces

  • 3,098 Sq Ft Home
  • 2-Story Property
  • Efficiency Studio
  • Wood Flooring
  • Crawl Space

Parking

  • Gravel Driveway
  • Off-Site Parking

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 016053 00004

Community Details

Overview

  • 4 Units
  • Idlewild Forest Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,094

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Fourplex
  • MLS Map #: 746G
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Freestanding: Yes
  • List Price Per Sq Ft: 94
  • Number Of Stories: 2
  • Price Per Sq Ft: 1525789.47
  • Estimated Sq Ft: 3098
  • Year Built: 1929
  • Construction: Shake/Shingle
  • List Price Per Unit: 72475
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Facility: Gravel, Offsite/Street

Utilities

  • Hot Water: Public Water, Public Sewer
  • Cooling Systems: 1 Window Unit per Unit, 2+ Window Units per Unit
  • Heating Systems: Hot Water/Steam
  • Laundry: Common Laundry

Lot Info

  • Lot Number: 3
  • Acreage: 0.19
  • Lot Size: 50 X 166/167.4
  • Price Per Acre: 1525789

Rental Info

  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 016053 00004

Multi Family

  • Total Number Of Units: 4
  • Number2 Bedroom Units: 2
  • Number Efficiency Studio Units: 2
  • Type of Unit: Efficiency/Studio, 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2024
Sold by
Hansen Shad
Bought by
Rowland Derek
Current Estimated Value
$371,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$259,245
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$111,927

Purchase Details

Closed on
Dec 29, 2020
Sold by
Hansen Shad
Bought by
Hansen Shad

Purchase Details

Listed on
Sep 6, 2018
Closed on
Oct 18, 2018
Sold by
Sweeney Teresa Ann
Bought by
Hansen Natlaie June and Hansen Shad James
Seller's Agent
Stephanie Taylor
Sowell, Realtors
Buyer's Agent
Stephanie Taylor
Sowell, Realtors
List Price
$289,900
Sold Price
$289,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%
Original Mortgage
$217,425
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2015
Sold by
Hannock Melanee L
Bought by
Sweeney Teresa Ann and Melanee L Hannocke Re Investment Servies

Purchase Details

Listed on
Mar 14, 2012
Closed on
May 11, 2012
Sold by
Titan Properties Llc
Bought by
Hannock Melanee L
Seller's Agent
Heath Gooch
STIXNBRIX
Buyer's Agent
Paige Arnold
Crye-Leike, Inc., REALTORS
List Price
$199,900
Sold Price
$180,000
Premium/Discount to List
-$19,900
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$135,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2011
Sold by
Mcdade Frederick
Bought by
Titan Properties Llc

Purchase Details

Closed on
May 18, 2006
Sold by
Mohammed Farouk and Mohammed Carmen
Bought by
Hewlett Investments Inc

Purchase Details

Closed on
Jun 28, 1996
Sold by
Christides Michelle L Erickson and Christides Lee S
Bought by
Mohammed Farouk and Mohammed Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,550
Interest Rate
7.99%
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
Rowland Derek $375,000 None Listed On Document
Hansen Shad -- None Available
Hansen Natlaie June $289,900 None Available
Sweeney Teresa Ann -- None Available
Hannock Melanee L $180,000 None Available
Titan Properties Llc $94,901 None Available
Hewlett Investments Inc $82,000 None Available
Mohammed Farouk $126,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowland Derek $262,500
Previous Owner Hansen Natlaie June $217,425
Previous Owner Hannock Melanee L $135,000
Previous Owner Mohammed Farouk $88,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2018 10/18/18 Sold $289,900 0.0% $94 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $289,900 +61.1% $94 / Sq Ft
05/11/2012 05/11/12 Sold $180,000 -10.0% $58 / Sq Ft View Prior Sale
04/13/2012 04/13/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $199,900 -- $65 / 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 $4,094 $146,360 $35,560 $110,800
2024 $4,094 $120,760 $24,800 $95,960
2023 $7,356 $120,760 $24,800 $95,960
2022 $7,356 $120,760 $24,800 $95,960
2021 $7,443 $120,760 $24,800 $95,960
2020 $6,437 $88,840 $24,800 $64,040
2019 $2,839 $88,840 $24,800 $64,040
2018 $2,839 $88,840 $24,800 $64,040
2017 $2,906 $88,840 $24,800 $64,040
2016 $3,473 $79,480 $0 $0
2014 $3,473 $79,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10036300

Memphis Area Association of REALTORS®

APN: 01-6053-0-0004