NOT LISTED FOR SALE

1988 Sipes Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $69,000 - $98,000

3 Beds
2 Baths
1,000-1,199 Sq Ft
$67/Sq Ft Est. Value

Last Sold March 08, 2022

Last sale price $75,000 $63 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $514/month

36 Days on Market

Highlights

  • Traditional Architecture
  • Partially Carpeted
  • 1-Story Property
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of March 2022

Terrific chance to grow your rental portfolio. This 2002 brick home is professionally managed and cash flowing, rented at $850/mo. Financed offers will be considered. Wonderful area with little traffic. Do not approach or disturb the tenants. No showings without an accepted offer. No assignment or wholesale. Interior video available upon request. Nice tenant who wants to stay.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 12/29/2021

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 12/29/2021

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $490

Year Built

  • Built in 2002

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,053 Sq Ft Home
  • 1-Story Property
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • South Rugby Rev Blk J Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072044 00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$490

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 727C
  • MAAR Subdivision Name: RUGBY (SOUTH) REV BLK J
  • List Price Per Sq Ft: 71
  • Number Of Stories: 1
  • Price Per Sq Ft: 71.23
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1053
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Pantry
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Sidewalks
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 7
  • Acreage: 0.14
  • Lot Size: 50X125
  • Price Per Acre: 535714

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 072044 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2025
Sold by
Mid South Homebuyers Llc
Bought by
Royal-Elika Llc
Current Estimated Value
$87,328

Purchase Details

Closed on
Feb 28, 2025
Sold by
Smith Dispoto Properties Llc
Bought by
Mid South Homebuyers Llc

Purchase Details

Listed on
Jun 5, 2018
Closed on
Jan 15, 2019
Sold by
Wilkes Carl Gary
Bought by
Dawson Dustin K and Dawson Chelsey K
Seller's Agent
Francis Hughes
Crye-Leike, Inc., REALTORS
Buyer's Agent
Rhiannon Padgett
Keller Williams
List Price
$45,110
Sold Price
$34,250
Premium/Discount to List
-$10,860
-24.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.70%
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
Royal-Elika Llc $139,800 None Listed On Document
Mid South Homebuyers Llc $70,000 None Listed On Document
Dawson Dustin K $34,250 Baymark Title And Escrow
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2022 03/08/22 Sold $75,000 0.0% $75 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $75,000 0.0% $75 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/29/2021 12/29/21 For Sale $75,000 +119.0% $75 / Sq Ft
01/15/2019 01/15/19 Sold $34,250 0.0% $34 / Sq Ft
10/19/2018 10/19/18 Price Changed $34,250 -16.7% $34 / Sq Ft
09/11/2018 09/11/18 Price Changed $41,100 +0.2% $41 / Sq Ft
07/11/2018 07/11/18 Price Changed $41,000 -9.1% $41 / Sq Ft
06/05/2018 06/05/18 For Sale $45,110 -- $45 / 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 $490 $26,825 $1,450 $25,375
2024 $490 $14,450 $1,200 $13,250
2023 $880 $14,450 $1,200 $13,250
2022 $880 $14,450 $1,200 $13,250
2021 $1,046 $14,450 $1,200 $13,250
2020 $687 $9,475 $1,200 $8,275
2019 $303 $9,475 $1,200 $8,275
2018 $303 $9,475 $1,200 $8,275
2017 $310 $9,475 $1,200 $8,275
2016 $422 $9,650 $0 $0
2014 $422 $9,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Tapley

    Seller's Agent in 2022

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    164 in this area

    1,221 Total Sales

    Tyler Tapley
    Section Image

  • F

    Seller's Agent in 2019

    Francis Hughes

    Crye-Leike

    Section Image

  • J

    Seller Co-Listing Agent in 2019

    Joann Hughes

    Crye-Leike

    Section Image

  • R

    Buyer's Agent in 2019

    Rhiannon Padgett

    Keller Williams

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10114865

Memphis Area Association of REALTORS®

APN: 07-2044-0-0020

Tennessee Shelby County Memphis 38127 Frayser

1988 Sipes Ave, Memphis, TN

This home is located at 1988 Sipes Ave, Memphis, TN 38127 since 29 December 2021 and is currently estimated at $80,352, approximately $67 per square foot. This property was built in 2002. 1988 Sipes Ave is a home located in Shelby County with nearby schools including Whitney Achievement Elementary School, Grandview Heights Middle, and Cornerstone Prep Denver Campus.

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