NOT LISTED FOR SALE

1962 Portland Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $55,000 - $67,670

2 Beds
1 Bath
768 Sq Ft
$77/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $61,000 $79 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $335/month

21 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Property has 3 Levels
  • Cooling Available
  • Heating System Uses Natural Gas

About This Home

As of March 2024

Great 2 bedroom 1 bath house located just minutes from Downtown and Midtown. Would make a great addition to any rental portfolio. Tenants may be present, Please do not disturb Tenants.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $507

Year Built

  • Built in 1946

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50x180

Parking

  • Parking Pad

Interior Spaces

  • 768 Sq Ft Home
  • Property has 3 Levels

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Rugby Third Addition Subdivision

Listing and Financial Details

  • Tax Lot 538
  • Assessor Parcel Number 072032 00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$507

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Year Built: 1946
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate, Tile
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Building Area Units: Square Feet
  • Living Area: 768
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Pad

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Utilities: Natural Gas Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size: 50X180
  • Lot Size Units: Acres
  • Parcel #: 072032 00012
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 507
  • Tax Lot: 538

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2024
Closed on
Mar 11, 2024
Sold by
Lifepoint Properties Llc
Bought by
Arita Elber Jose Guerra and Avalos Daisy
List Price
$60,000
Sold Price
$61,000
Premium/Discount to List
$1,000
1.67%
Views
28
Current Estimated Value
$59,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,582
Avg. Annual Appreciation
-1.59%
Original Mortgage
$54,900
Outstanding Balance
$53,989
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$5,429

Purchase Details

Closed on
Mar 15, 2022
Sold by
Adams and Christy
Bought by
Lifepoint Properties Llc

Purchase Details

Listed on
Aug 28, 2012
Closed on
Sep 10, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Adams Caleb and Adams Christy
Seller's Agent
Micky Jackson
Cowgirl Realty, LLC
Buyer's Agent
Calvin Jackson
Cowgirl Realty, LLC
List Price
$8,000
Sold Price
$6,700
Premium/Discount to List
-$1,300
-16.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.10%

Purchase Details

Listed on
Aug 28, 2012
Closed on
Jul 30, 2012
Sold by
Collins Leann
Bought by
Deutsche Bank National Trust Company
Seller's Agent
Micky Jackson
Cowgirl Realty, LLC
Buyer's Agent
Calvin Jackson
Cowgirl Realty, LLC
List Price
$8,000
Sold Price
$6,700
Premium/Discount to List
-$1,300
-16.25%

Purchase Details

Closed on
Nov 4, 2005
Sold by
Matlock Family Trust
Bought by
Collins Leann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
9.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 8, 2003
Sold by
Head Ronald C and Head Lorraine J
Bought by
Matlock Family Trust
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
Arita Elber Jose Guerra $61,000 None Listed On Document
Lifepoint Properties Llc -- H Mark Beanblossom Pc
Adams Caleb $6,700 None Available
Deutsche Bank National Trust Company $4,500 None Available
Collins Leann $45,000 --
Matlock Family Trust $21,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arita Elber Jose Guerra $54,900
Previous Owner Collins Leann $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2024 03/11/24 Sold $61,000 +1.7% $79 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $60,000 +795.5% $78 / Sq Ft
09/20/2012 09/20/12 Sold $6,700 -16.3% $67 / Sq Ft View Prior Sale
08/29/2012 08/29/12 Pending -- -- --
08/28/2012 08/28/12 For Sale $8,000 -- $80 / Sq Ft
Source: Realtracs

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 $282 $14,900 $1,575 $13,325
2024 $282 $8,325 $1,300 $7,025
2023 $507 $8,325 $1,300 $7,025
2022 $507 $8,325 $1,300 $7,025
2021 $287 $8,325 $1,300 $7,025
2020 $402 $5,550 $1,300 $4,250
2019 $177 $5,550 $1,300 $4,250
2018 $177 $5,550 $1,300 $4,250
2017 $182 $5,550 $1,300 $4,250
2016 $243 $5,550 $0 $0
2014 $243 $5,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Micky Jackson

    Cowgirl Realty, LLC

  • C

    Buyer's Agent in 2012

    Calvin Jackson

    Cowgirl Realty, LLC

See All Agents

Map

Source: Realtracs

MLS Number: 3020872

Realtracs

APN: 07-2032-0-0012

Tennessee Shelby County Memphis 38127 Frayser

1962 Portland Ave, Memphis, TN

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