NOT LISTED FOR SALE

1945 E Mclemore Ave Memphis, TN 38114

Orange Mound Neighborhood

Estimated Value: $112,254 - $162,000

4 Beds
1 Bath
1,800-1,999 Sq Ft
$69/Sq Ft Est. Value

Last Sold February 11, 2020

Last sale price $74,900 $37 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $806/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of February 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $750 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 12/05/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $635

Year Built

  • Built in 1927

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,915 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Schmalzried Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031105 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$635

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 748C
  • MAAR Subdivision Name: SCHMALZRIED
  • List Price Per Sq Ft: 39
  • Number Of Stories: 1
  • Price Per Sq Ft: 39.11
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1915
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedroom 4 Description: Level 1
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad, Garage Door Opener(s), Back-Load Garage

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 24
  • Acreage: 0.16
  • Lot Size: 60/50 X 146/108
  • Price Per Acre: 468125

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 031105 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2022
Sold by
Diaz Brandon
Bought by
Jojo Buys Memphis Houses Llc
Current Estimated Value
$138,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,150
Outstanding Balance
$399,324
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
-$265,144

Purchase Details

Closed on
Jul 7, 2021
Sold by
Reyes Catherine
Bought by
Diaz Brandon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 5, 2019
Closed on
Feb 12, 2020
Sold by
Reedy James E
Bought by
Reyes Catherine
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$74,900
Sold Price
$74,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%
Original Mortgage
$59,920
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2007
Sold by
Johnson Val
Bought by
Reedy James E

Purchase Details

Closed on
May 1, 2006
Sold by
Wells Fargo
Bought by
Johnson Val

Purchase Details

Closed on
Sep 22, 2005
Sold by
Griggs Melvin G
Bought by
Wells Fargo and First Union Home Equity Loan Trust 1998-
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
Jojo Buys Memphis Houses Llc -- --
Diaz Brandon $85,000 None Available
Reyes Catherine $74,900 Delta Title Services Llc
Reedy James E $16,500 Ctc
Johnson Val $14,500 Resource Title Agency Tn Llc
Wells Fargo $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jojo Buys Memphis Houses Llc $410,150
Previous Owner Diaz Brandon $94,000
Previous Owner Reyes Catherine $59,920
Previous Owner Griggs Melvin G $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2020 02/11/20 Sold $74,900 0.0% $42 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
12/05/2019 12/05/19 For Sale $74,900 -- $42 / 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 $635 $31,800 $3,875 $27,925
2024 $635 $18,725 $1,000 $17,725
2023 $1,141 $18,725 $1,000 $17,725
2022 $1,141 $18,725 $1,000 $17,725
2021 $646 $18,725 $1,000 $17,725
2020 $614 $8,475 $1,000 $7,475
2019 $271 $8,475 $1,000 $7,475
2018 $271 $8,475 $1,000 $7,475
2017 $277 $8,475 $1,000 $7,475
2016 $327 $7,475 $0 $0
2014 $327 $7,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    20 in this area

    425 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    20 in this area

    443 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10067256

Memphis Area Association of REALTORS®

APN: 03-1105-0-0003

Tennessee Shelby County Memphis 38114 Orange Mound

1945 E Mclemore Ave, Memphis, TN

This home is located at 1945 E Mclemore Ave, Memphis, TN 38114 since 05 December 2019 and is currently estimated at $138,314, approximately $69 per square foot. This property was built in 1927. 1945 E Mclemore Ave is a home located in Shelby County with nearby schools including Central High School, Hanley School - Elementary, and Hanley Schoool - Middle.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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