NOT LISTED FOR SALE

1950 Burnham Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $114,000 - $159,000

3 Beds
1.5 Baths
1,600-1,799 Sq Ft
$78/Sq Ft Est. Value

Last Sold June 27, 2022

Last sale price $114,900 $64 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $802/month

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Living Room
  • Traditional Architecture
  • Brick Veneer
  • Tile Flooring

About This Home

As of June 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $825 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: 06/08/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 19,166 Sq Ft Lot
  • Lot Dimensions are 135x148
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,600 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Wren Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071019 00010

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

0.44 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: WREN
  • List Price Per Sq Ft: 72
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1600
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 1/2 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Dishwasher
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • 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: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 2
  • Acreage: 0.44
  • Lot Size: 135X148

Tax Info

  • Assessor Parcel Number: 071019 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Jun 27, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Lemon Grove Homes Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$114,900
Sold Price
$114,900
Current Estimated Value
$140,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,477
Avg. Annual Appreciation
5.49%

Purchase Details

Closed on
Nov 30, 2021
Sold by
Mcgreen Najee
Bought by
Memphis Investment Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.09%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 22, 2016
Closed on
Jun 23, 2016
Sold by
Hardin Enterprises Inc
Bought by
Mcgreen Najee
Seller's Agent
Robert Vaughn
The Carter Group LLC, REALTORS
Buyer's Agent
Lisa Haley
Keystone Realty, LLC
List Price
$24,900
Sold Price
$19,000
Premium/Discount to List
-$5,900
-23.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.59%
Original Mortgage
$40,750
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 22, 2016
Closed on
May 27, 2016
Sold by
Tradewinds Development Group Llc
Bought by
Hardin Enterprises Llc
Seller's Agent
Robert Vaughn
The Carter Group LLC, REALTORS
Buyer's Agent
Lisa Haley
Keystone Realty, LLC
List Price
$24,900
Sold Price
$19,000
Premium/Discount to List
-$5,900
-23.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,750
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2015
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Tradewinds Development Group Lc

Purchase Details

Closed on
Jul 29, 2015
Sold by
Craft Steven D
Bought by
The Bank Of New York Mellon Trust Co Na

Purchase Details

Closed on
Apr 15, 1998
Sold by
Townsend Barbara A
Bought by
Craft Steven D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,550
Interest Rate
7.03%
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
Lemon Grove Homes Llc $114,900 Delta Title Services
Memphis Investment Properties Iii Llc $43,800 Delta Title Services Llc
Mcgreen Najee $40,750 Closetrak Llc
Hardin Enterprises Llc $19,000 Closetrak Closing & Title Se
Tradewinds Development Group Lc $20,071 Premium Title Services Inc
The Bank Of New York Mellon Trust Co Na $25,000 Attorney
Craft Steven D $59,500 --
Craft Steven D $59,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Memphis Investment Properties Iii Llc $80,000
Previous Owner Mcgreen Najee $40,750
Previous Owner Craft Steven D $53,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2022 06/27/22 Sold $114,900 0.0% $72 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $114,900 +504.7% $72 / Sq Ft
05/30/2016 05/30/16 Sold $19,000 -23.7% $14 / Sq Ft View Prior Sale
05/20/2016 05/20/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $24,900 -- $18 / Sq Ft
Source: Memphis Area 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 $772 $42,075 $2,750 $39,325
2024 $772 $22,775 $2,250 $20,525
2023 $1,387 $22,775 $2,250 $20,525
2022 $987 $16,200 $2,250 $13,950
2021 $998 $16,200 $2,250 $13,950
2020 $1,016 $14,025 $2,250 $11,775
2019 $448 $14,025 $2,250 $11,775
2018 $448 $14,025 $2,250 $11,775
2017 $459 $14,025 $2,250 $11,775
2016 $607 $13,900 $0 $0
2014 $607 $13,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    52 in this area

    304 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    51 in this area

    319 Total Sales

    Bradley Reedy
    Section Image

  • R

    Seller's Agent in 2016

    Robert Vaughn

    The Carter Group LLC, REALTORS

    (901) 652-4634

    1 in this area

    15 Total Sales

    Robert Vaughn
    Section Image
  • Lisa Haley

    Buyer's Agent in 2016

    Lisa Haley

    Keystone Realty, LLC

    (901) 553-4237

    17 Total Sales

    Lisa Haley
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10126040

Memphis Area Association of REALTORS®

APN: 07-1019-0-0010

Tennessee Shelby County Memphis 38127 Frayser

1950 Burnham Ave, Memphis, TN

Not Listed for Sale

Detached

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