NOT LISTED FOR SALE

1985 Young Ave Memphis, TN 38104

Cooper-Young Neighborhood

Estimated Value: $239,228 - $511,000

3 Beds
3 Baths
2,191 Sq Ft
$161/Sq Ft Est. Value

Last Sold February 26, 2018

Last sale price $260,000 $119 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,110/month

Highlights

  • Landscaped Professionally
  • Central Heating and Cooling System
  • Wood Fence
  • Wood Flooring
  • Laundry Facilities

About This Home

As of February 2018

Incredible find. Triplex in the heart of midtown. "Owner Agent"

Last Agent to Sell the Property

Micah Layman

Ware Jones, REALTORS License #310771 Listed on: 02/26/2018

Ware Jones, REALTORS

Last Buyer's Agent

Micah Layman

Ware Jones, REALTORS License #310771 Listed on: 02/26/2018

Ware Jones, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Wood Fence
  • Chain Link Fence
  • Landscaped Professionally

Parking

  • Parking Available

Home Design

  • Triplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,191 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Crawl Space

Kitchen

  • Free-Standing Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 031122 00015

Community Details

Overview

  • 3 Units
  • Mclaughlin Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MAAR Subdivision Name: Cooper Young
  • Freestanding: Yes
  • List Price Per Sq Ft: 119
  • Number Of Stories: 3
  • Estimated Sq Ft: 2191
  • Year Built: 1920
  • Construction: Wood/Composition
  • List Price Per Unit: 86666.67
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Disposal, Dishwasher, Exhaust Fan/Vent Hood

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks, Professional Landscaping, Wood Fence, Chain Fence

Garage/Parking

  • Parking Facility: 1 Per Unit

Utilities

  • Hot Water: Public Water, Public Sewer
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Common Laundry

Lot Info

  • Lot Size: .16
  • Land Sq Ft: 7300

Rental Info

  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 031122 00015

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 3
  • Type of Unit: 1 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2018
Closed on
Feb 6, 2018
Sold by
Bkd Properties Llc
Bought by
Taylor Kenneth
Seller's Agent
Micah Layman
Ware Jones, REALTORS
Buyer's Agent
Micah Layman
Ware Jones, REALTORS
List Price
$260,000
Sold Price
$260,000
Current Estimated Value
$351,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,807
Avg. Annual Appreciation
3.92%
Original Mortgage
$208,000
Outstanding Balance
$177,164
Interest Rate
4.22%
Estimated Equity
$174,643

Purchase Details

Closed on
Oct 1, 2010
Sold by
Heinemann Jan
Bought by
Arlington Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2007
Sold by
Haley John S
Bought by
Arlington Road Llc

Purchase Details

Closed on
Jul 30, 2003
Sold by
Haley Lisa
Bought by
Lisa Haley Irrevocable Living Trust

Purchase Details

Closed on
Mar 28, 2003
Sold by
Doucet Vincent A
Bought by
Haley Lisa

Purchase Details

Closed on
Nov 6, 1998
Sold by
Macyauski Michael D
Bought by
Doucet Vincent A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
6.58%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Taylor Kenneth $260,000 --
Arlington Road Llc -- None Available
Heinemann Jan $108,750 None Available
Arlington Road Llc -- None Available
Lisa Haley Irrevocable Living Trust -- Title Enterprises Svc Co Llc
Haley Lisa $70,000 Southern Trust Title Company
Doucet Vincent A $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Kenneth $208,000
Closed Taylor Kenneth --
Previous Owner Heinemann Jan $108,750
Previous Owner Doucet Vincent A $61,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2018 02/26/18 Sold $260,000 0.0% $119 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $260,000 -- $119 / 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 $3,267 $124,120 $21,000 $103,120
2024 $3,267 $96,360 $17,720 $78,640
2023 $5,870 $96,360 $17,720 $78,640
2022 $5,870 $96,360 $17,720 $78,640
2021 $5,939 $96,360 $17,720 $78,640
2020 $4,278 $59,040 $15,960 $43,080
2019 $4,278 $59,040 $15,960 $43,080
2018 $4,278 $59,040 $15,960 $43,080
2017 $2,427 $59,040 $15,960 $43,080
2016 $2,218 $50,760 $0 $0
2014 $2,218 $50,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Micah Layman

    Seller's Agent in 2018

    Micah Layman

    Ware Jones, REALTORS

    (901) 634-9114

    1 in this area

    54 Total Sales

    Micah Layman
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10021129

Memphis Area Association of REALTORS®

APN: 03-1122-0-0015

Tennessee Shelby County Memphis 38104 Cooper-Young

1985 Young Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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