NOT LISTED FOR SALE

1947 Foster Ave Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $196,266 - $231,000

3 Beds
2 Baths
2,000-2,199 Sq Ft
$96/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $132,500 $60 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,171/month

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Some Wood Windows
  • Wood Flooring
  • Separate Formal Living Room
  • Laundry Room

About This Home

As of August 2022

Nice brick home on great street. Needs some work. Great opportunity for someone to buy and rehab for either resell, live in or rent. Being sold as is.

Last Agent to Sell the Property

Joe King

Marathon REALTORS, LLC License #291170 Listed on: 07/08/2022

Last Buyer's Agent

Joe King

Marathon REALTORS, LLC License #291170 Listed on: 07/08/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $712

Year Built

  • Built in 1941

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 2,000-2,199 Sq Ft Home
  • 2,017 Sq Ft Home
  • 1.3-Story Property
  • Fireplace Features Masonry
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Edgewood Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031096 00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$712

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 748B
  • MAAR Subdivision Name: EDGEWOOD MANOR
  • List Price Per Sq Ft: 74
  • Number Of Stories: 1.3
  • Price Per Sq Ft: 65.69
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2017
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 2000-2199
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Fireplace: Masonry
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • Total Bathrooms: 2

Exterior Features

  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 55
  • Acreage: 0.16
  • Lot Size: 50X140
  • Price Per Acre: 936875

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 031096 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Aug 17, 2022
Sold by
Marvins Garden Llc
Bought by
Marvelous Prop Mgmt Co Llc
Seller's Agent
Joe King
Marathon REALTORS, LLC
Buyer's Agent
Joe King
Marathon REALTORS, LLC
List Price
$149,900
Sold Price
$132,500
Premium/Discount to List
-$17,400
-11.61%
Current Estimated Value
$210,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,817
Avg. Annual Appreciation
15.64%

Purchase Details

Closed on
May 3, 2011
Sold by
Reo Property Company L P
Bought by
Alliance Re Holdings Llc

Purchase Details

Closed on
Jun 4, 2010
Sold by
Umth Lending Company Lp
Bought by
Reo Property Company Lp

Purchase Details

Closed on
Oct 15, 2009
Sold by
Kight Yolanda R
Bought by
Umth Lending Company Lp

Purchase Details

Closed on
Jan 17, 2007
Sold by
Jpmorgan Chase Bank
Bought by
Kight Yolanda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,027
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2006
Sold by
Smith Clinton and Smith Elizabeth
Bought by
Jpmorgan Chase Bank and Saxon Mortgage Services Inc

Purchase Details

Closed on
Jan 29, 1999
Sold by
Strickman Levitas Deron and Baker Charles P
Bought by
Smith Clinton and Smith Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,100
Interest Rate
6.72%

Purchase Details

Closed on
Jul 28, 1998
Sold by
United Companies Lending Corp
Bought by
Strickman Levitas Deron and Baker Charles P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
6.94%

Purchase Details

Closed on
Mar 23, 1998
Sold by
Loraine Lewis
Bought by
United Companies Lending Corp

Purchase Details

Closed on
Feb 15, 1996
Bought by
West Margaret W
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
Marvelous Prop Mgmt Co Llc $132,500 Nexus Title & Escrow
Alliance Re Holdings Llc $18,894 None Available
Reo Property Company Lp $62,000 None Available
Umth Lending Company Lp $62,000 None Available
Kight Yolanda R $45,000 None Available
Jpmorgan Chase Bank $60,447 None Available
Smith Clinton $67,900 --
Strickman Levitas Deron $31,500 --
United Companies Lending Corp $42,660 --
West Margaret W $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kight Yolanda R $64,027
Previous Owner Smith Clinton $61,100
Previous Owner Strickman Levitas Deron $56,000
Closed Smith Clinton $6,790
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2022 08/17/22 Sold $132,500 -11.6% $66 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $149,900 +29.8% $75 / Sq Ft
05/31/2022 05/31/22 Sold $115,500 +10.0% $58 / Sq Ft View Prior Sale
05/09/2022 05/09/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $105,000 -- $53 / 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 $712 $47,600 $6,900 $40,700
2024 $712 $21,000 $1,400 $19,600
2023 $1,279 $21,000 $1,400 $19,600
2022 $1,279 $21,000 $1,400 $19,600
2021 $1,294 $21,000 $1,400 $19,600
2020 $1,023 $14,125 $1,400 $12,725
2019 $451 $14,125 $1,400 $12,725
2018 $529 $16,550 $1,400 $15,150
2017 $541 $16,550 $1,400 $15,150
2016 $579 $13,250 $0 $0
2014 $579 $13,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Carstensen

    Seller's Agent in 2022

    Jennifer Carstensen

    Real Estate Agency

    (901) 201-0280

    4 in this area

    336 Total Sales

    Jennifer Carstensen
    Section Image

  • J

    Seller's Agent in 2022

    Joe King

    Marathon REALTORS, LLC

    (901) 260-3141

    1 in this area

    86 Total Sales

    Joe King
    Section Image
  • Melissa Wilbanks

    Buyer's Agent in 2022

    Melissa Wilbanks

    Crye-Leike

    (901) 438-1107

    1 in this area

    95 Total Sales

    Melissa Wilbanks
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10128292

Memphis Area Association of REALTORS®

APN: 03-1096-0-0010

Tennessee Shelby County Memphis 38114 Southeast Memphis

1947 Foster Ave, Memphis, TN

This home is located at 1947 Foster Ave, Memphis, TN 38114 since 08 July 2022 and is currently estimated at $210,317, approximately $95 per square foot. This property was built in 1941. 1947 Foster Ave is a home located in Shelby County with nearby schools including Hamilton High School, Hanley School - Elementary, and Hanley Schoool - Middle.

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