$34,250
SOLD JAN 15, 2019

1988 Sipes Ave Memphis, TN 38127

Frayser Neighborhood
3 Beds
2 Baths
1,000-1,199 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$29 Per Sq Ft

24% Below List Price

Highlights

  • Traditional Architecture
  • Storm Windows
  • Central Heating and Cooling System
  • Some Wood Windows
  • Landscaped
  • Level Lot

About This Home

As of March 2022

This 3 Bedroom Home is OCCUPIED, income-producing, turn-key rental property. Please do not disturb tenants! Current Rent is $595 per mo. Property is to be conveyed in - AS IS - condition, 4 Additional Properties Available. Call for details. Make offers contingent upon interior inspection. Drive by only – Please do not disturb tenants.

Last Agent to Sell the Property

Francis Hughes

Crye-Leike, Inc., REALTORS License #280846 Listed on: 06/05/2018

Crye-Leike, Inc., REALTORS

Co-Listed By

Joann Hughes

Crye-Leike, Inc., REALTORS License #287270

Last Buyer's Agent

Rhiannon Padgett

Keller Williams License #346492

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $490

Year Built

  • Built in 2002

Lot Details

  • 6,098 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,053 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Storm Windows

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

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
  • Cross Street: Beaverbrook St.
  • MLS Map #: 727C
  • MAAR Subdivision Name: RUGBY (SOUTH) REV BLK J
  • List Price Per Sq Ft: 33
  • Number Of Stories: 1
  • Price Per Sq Ft: 32.53
  • 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, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Exterior Windows: Brick Veneer, Wood/Composition, Storm Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Landscaped
  • Lot Number: 7
  • Acreage: 0.14
  • Lot Size: 6250 SF 50 X 125
  • Price Per Acre: 244643

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
13.64%
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 Type Sale Price Title Company
Warranty Deed $139,800 None Listed On Document
Warranty Deed $70,000 None Listed On Document
Warranty Deed $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

    1,223 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: 10028676

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 and is currently priced at $34,250, approximately $28 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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