NOT LISTED FOR SALE

1949 Prospect St Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $44,000 - $63,000

1 Bed
1.5 Baths
634 Sq Ft
$82/Sq Ft Est. Value

Last Sold February 10, 2025

Last sale price $8,500 $13 Per Sq Ft

Est. 514% increase in value since last sale

Current estimated payment $289/month

75 Days on Market

Highlights

  • Deck
  • Central Heating
  • 1-Story Property
  • Traditional Architecture

About This Home

As of February 2025

FIRE SALE!!! Property has had a fire and will need extensive repair. Fantastic opportunity for an awesome investment property or owner occupantfixer upper. Property has big potential needing some TLC. The main floor has the kitchen, laundry, 1 full bath, two rooms with closets, one room without a closet, and anearly finished basement with half bath that could be a 2nd or 3rd bedroom, office, or playroom. The property is being sold AS-IS.

Last Agent to Sell the Property

Haydn Wiseman

Cahltrep Realty, LLC License #333143 Listed on: 11/05/2024

Last Buyer's Agent

Haydn Wiseman

Cahltrep Realty, LLC License #333143 Listed on: 11/05/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 50x260

Home Design

  • Traditional Architecture

Interior Spaces

  • 634 Sq Ft Home
  • 1-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary Bedroom Upstairs

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 049044 00009

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0.3 Acres

Listing Details

  • Year Built: 1948
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • Lot Size Acres: 0.3
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Phone: 901-206-3242
  • MLS Status: Closed
  • Subdivision Name: None
  • Architectural Style: Traditional
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal:Tax Annual Amount: 318.29
  • Location Tax and Legal Parcel Number2: 049044 00009
  • General Property Information:Bathrooms Half: 1
  • General Property Information Accessibility Features YN2: No
  • General Property Information Lot Size Acres: 0.3
  • General Property Information Lot Size Dimensions: 50X260
  • General Property Information New Construction YN: No
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information:Stories Total: 1
  • Currently Not Used Cooling YN: No
  • Main Room Levels Main Level Bathrooms: 1
  • Main Room Levels Main Level Bedrooms: 1
  • Water Source:Public: Yes
  • General Property Information Building Area Total2: 1029.0
  • Currently Not Used Heating YN: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: Upper
  • Levels:Two: Yes
  • General Property Information Home Warranty YN: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: None
  • Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • ResoLivingAreaSource: Assessor
  • Basement Finished: Yes
  • Appliances:None3: Yes

Exterior Features

  • View: No
  • Waterfront: No
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No

Utilities

  • Cooling Y N: No
  • Heating: Central, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: Yes

Lot Info

  • Parcel Number: 049044 00009
  • Lot Dimensions: 50X260
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 318.29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
Feb 10, 2025
Sold by
Volunteer Equity Investments Llc
Bought by
Kabir Dusit and Bahrun Nefissa
Seller's Agent
Haydn Wiseman
Cahltrep Realty, LLC
Buyer's Agent
Haydn Wiseman
Cahltrep Realty, LLC
List Price
$39,000
Sold Price
$8,500
Premium/Discount to List
-$30,500
-78.21%
Views
104
Current Estimated Value
$52,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,686
Avg. Annual Appreciation
420.58%

Purchase Details

Listed on
Nov 5, 2024
Closed on
Jan 28, 2025
Sold by
Cphtn Llc
Bought by
Volunteer Equity Investments Llc
Seller's Agent
Haydn Wiseman
Cahltrep Realty, LLC
Buyer's Agent
Haydn Wiseman
Cahltrep Realty, LLC
List Price
$39,000
Sold Price
$8,500
Premium/Discount to List
-$30,500
-78.21%
Views
104

Purchase Details

Closed on
Jul 1, 2024
Sold by
Darnell Clifton E
Bought by
Cphtn Llc

Purchase Details

Closed on
Oct 27, 2020
Sold by
Cates Capital Llc
Bought by
Hancock Kim Vaneese

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,210
Interest Rate
2.8%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 21, 2018
Sold by
Kvidera Larry D
Bought by
Cates Capital Llc

Purchase Details

Closed on
Nov 7, 2007
Sold by
First Tennessee Bank Na
Bought by
Kvidera Larry D and Kvidera Golden T

Purchase Details

Closed on
Jun 22, 2006
Sold by
Smith Tommy Maurice and Smith Barbara Stokes
Bought by
First Tennessee Bank Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kabir Dusit $8,500 Title Group
Volunteer Equity Investments Llc -- None Listed On Document
Cphtn Llc $2,501 None Listed On Document
Hancock Kim Vaneese $33,000 Close Trak Closing & Ttl Svc
Cates Capital Llc -- None Available
Castes Capital Llc $13,646 None Available
Kvidera Larry D $4,000 None Available
First Tennessee Bank Na $18,183 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hancock Kim Vaneese $5,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2025 02/10/25 Sold $8,500 -32.0% $13 / Sq Ft
01/19/2025 01/19/25 Pending -- -- --
01/17/2025 01/17/25 Price Changed $12,500 -60.9% $20 / Sq Ft
12/17/2024 12/17/24 Price Changed $32,000 -17.9% $50 / Sq Ft
11/05/2024 11/05/24 For Sale $39,000 -- $62 / Sq Ft
Source: Central West Tennessee Association of REALTORS®

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 $177 $8,025 $2,000 $6,025
2024 $177 $5,225 $1,000 $4,225
2023 $318 $5,225 $1,000 $4,225
2022 $318 $5,225 $1,000 $4,225
2021 $180 $5,225 $1,000 $4,225
2020 $226 $3,125 $1,000 $2,125
2019 $100 $3,125 $1,000 $2,125
2018 $100 $3,125 $1,000 $2,125
2017 $102 $3,125 $1,000 $2,125
2016 $172 $3,925 $0 $0
2014 $172 $3,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2025

    Haydn Wiseman

    Cahltrep Realty, LLC

    (901) 334-8895

    1 in this area

    8 Total Sales

    Haydn Wiseman
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Map

Source: Central West Tennessee Association of REALTORS®

MLS Number: 247134

Central West Tennessee Association of REALTORS®

APN: 04-9044-0-0009

Tennessee Shelby County Memphis 38106 South Memphis

1949 Prospect St, Memphis, TN

Not Listed for Sale

Detached

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