NOT LISTED FOR SALE

191 West St Collierville, TN 38017

Estimated Value: $148,000 - $323,000

5 Beds
3 Baths
1,800 Sq Ft
$124/Sq Ft Est. Value

Last Sold January 08, 2020

Last sale price $80,000 $44 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $1,281/month

Highlights

  • Central Heating
  • Partially Carpeted
  • 3-minute walk to Nikki McCray Park
  • Sycamore Elementary School Rated A
  • 1-Story Property

About This Home

As of January 2020

This property was previously a convenient store. It has the potential of being a great rental property. Please Bring All Offers.

Last Agent to Sell the Property

Sherita McCray

Assured Real Estate Services License #310059 Listed on: 01/07/2020

Last Buyer's Agent

Shereta Davis

Prime Realty & Investments License #344773

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,089

Year Built

  • Built in 1966

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings

Flooring

  • Partially Carpeted
  • Concrete
  • Vinyl

Utilities

  • Central Heating
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 3 Units
  • Alcorn Village 3Rd Addn Rev Subdv Subdivision

Listing and Financial Details

  • Tenant pays for gas, electric
  • Assessor Parcel Number C0244H B00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,089

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MLS Map #: 876C
  • MAAR Subdivision Name: ALCORN VILLAGE 3RD ADD
  • Freestanding: Yes
  • List Price Per Sq Ft: 66
  • Number Of Stories: 1
  • Price Per Sq Ft: 500000
  • Estimated Sq Ft: 1800
  • Year Built: 1966
  • Construction: Brick
  • List Price Per Unit: 39666.67
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor, Partial Carpet, Dry Wall, Concrete

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Gas
  • Heating Systems: Central, Gas

Lot Info

  • Lot Number: 1
  • Acreage: 0.16
  • Lot Size: 36.48/41.31 X 200.575/180.635
  • Price Per Acre: 743750

Rental Info

  • Tenant Pays: Gas, Electric
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: C0244H B00001

Multi Family

  • Total Number Of Units: 3
  • Number1 Bedroom Units: 1
  • Number2 Bedroom Units: 2
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2022
Sold by
Memphis Passive 4 Llc
Bought by
Memphis Passive Llc
Current Estimated Value
$223,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,902
Outstanding Balance
$255,567
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
-$63,900

Purchase Details

Closed on
Sep 11, 2020
Sold by
Johnson Christopher and Ingram Kevin
Bought by
Memphis Passive 4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 7, 2020
Closed on
Jan 8, 2020
Sold by
Walker Barnes Tonya Doniell and Mccray Sherita
Bought by
Ingram Kevin and Johnson Christopher
Seller's Agent
Sherita McCray
Assured Real Estate Services
Buyer's Agent
Shereta Davis
Prime Realty & Investments
List Price
$119,000
Sold Price
$80,000
Premium/Discount to List
-$39,000
-32.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.57%
Original Mortgage
$110,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Memphis Passive Llc $527,902 Southern Trust Title
Memphis Passive 4 Llc $152,500 Nexus Title & Escrow Llc
Ingram Kevin $80,000 Nexus Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Memphis Passive Llc $527,902
Previous Owner Memphis Passvie 4 Llc $100,000
Previous Owner Memphis Passive 4 Llc $35,000
Previous Owner Memphis Passive 4 Llc $122,000
Previous Owner Ingram Kevin $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2020 01/08/20 Sold $80,000 -32.8% $44 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
01/07/2020 01/07/20 For Sale $119,000 -- $66 / 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 $1,089 $107,560 $10,920 $96,640
2024 $1,089 $32,120 $5,560 $26,560
2023 $1,680 $32,120 $5,560 $26,560
2022 $1,641 $32,120 $5,560 $26,560
2021 $1,108 $32,120 $5,560 $26,560
2020 $1,635 $27,800 $7,240 $20,560
2019 $1,126 $27,800 $7,240 $20,560
2018 $1,126 $27,800 $7,240 $20,560
2017 $1,596 $27,800 $7,240 $20,560
2016 $1,315 $30,080 $0 $0
2014 $1,315 $30,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10068634

Memphis Area Association of REALTORS®

APN: C0-244H-B0-0001