NOT LISTED FOR SALE

2001 Central Ave Memphis, TN 38104

Cooper-Young Neighborhood

Estimated Value: $483,000 - $590,000

5 Beds
3 Baths
5,162 Sq Ft
$105/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $585,000 $113 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,946/month

2 Days on Market

Highlights

  • 0.41 Acre Lot
  • Attached Garage
  • 2-minute walk to Peabody Park & Raymond Skinner Center
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of September 2022

This 3 unit property is located in Midtown. It consists of 1-3BR and 2-1BR units.. The total scheduled monthly income is 3840. Drive by only, please do not disturb tenants.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 07/18/2022

Crye-Leike Commercial

Last Buyer's Agent

Timothy Smith

REMAX Experts License #344336

REMAX Experts

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1922

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 50x349

Parking

  • Attached Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 5,162 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Wood Flooring
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 3 Units
  • Higbee Hlns Subdivision

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 030026 00005

Property Details

Home Type

Apartment

Year Built

Built in 1922

Lot Details

0.41 Acres

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: CENTRAL GARDENS
  • Freestanding: Yes
  • List Price Per Sq Ft: 121
  • Number Of Stories: 2
  • Estimated Sq Ft: 5162
  • Year Built: 1922
  • Construction: Brick/Veneer
  • List Price Per Unit: 208333.33
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Dry Wall, Hardwood Throughout

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Attached

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Connections

Lot Info

  • Lot Number: E PT 2
  • Acreage: 0.41
  • Lot Size: 50X349
  • Improved Sq Ft: 5162
  • Land Sq Ft: 17988

Rental Info

  • Actual Annual Rent: 49380
  • Leaseable Sq Ft: 5162
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 030026 00005

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 3
  • Number3 Bedroom Units: 1
  • Type of Unit: 1 BR - 1 Bath, 3 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Aug 29, 2022
Sold by
Dana Gabrion
Bought by
Ktfg Investments Limited Liability Company
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Timothy Smith
REMAX Experts
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Current Estimated Value
$541,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,733
Avg. Annual Appreciation
-2.19%
Original Mortgage
$363,137
Outstanding Balance
$328,760
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$212,507

Purchase Details

Closed on
Dec 15, 2003
Sold by
The Lee H & Annette H Askew Family Lp
Bought by
Gabrion Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,210
Interest Rate
5.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 21, 1998
Sold by
Askew Lee H and Askew Annette
Bought by
The Lee H & Annette H Askew Family Lp
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
Ktfg Investments Limited Liability Company $585,000 --
Gabrion Dana $197,000 Memphis Title Company
The Lee H & Annette H Askew Family Lp -- --
The Lee H & Annette H Askew Family Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ktfg Investments Limited Liability Company $363,137
Previous Owner Gabrion Dana $183,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2022 09/02/22 Sold $585,000 -6.4% $113 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $625,000 0.0% $121 / Sq Ft
07/05/2020 07/05/20 Rented $1,595 0.0% --
06/29/2020 06/29/20 Under Contract -- -- --
06/17/2020 06/17/20 For Rent $1,595 0.0% --
06/04/2020 06/04/20 Under Contract -- -- --
05/08/2020 05/08/20 For Rent $1,595 +6.0% --
04/03/2018 04/03/18 Rented $1,505 -8.8% --
02/19/2018 02/19/18 Under Contract -- -- --
10/06/2017 10/06/17 For Rent $1,650 -- --
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 $1,987 $185,240 $23,840 $161,400
2024 $1,987 $117,200 $27,240 $89,960
2023 $7,139 $117,200 $27,240 $89,960
2022 $7,139 $117,200 $27,240 $89,960
2021 $7,444 $125,360 $27,240 $98,120
2020 $5,890 $81,280 $27,240 $54,040
2019 $5,885 $81,280 $27,240 $54,040
2018 $2,598 $81,280 $27,240 $54,040
2017 $2,659 $81,280 $27,240 $54,040
2016 $3,496 $80,000 $0 $0
2014 $3,496 $80,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2022

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    3 in this area

    79 Total Sales

    Jeffrey Moore
    Section Image
  • Timothy Smith

    Buyer's Agent in 2022

    Timothy Smith

    RE/MAX

    (901) 488-0380

    1 in this area

    10 Total Sales

    Timothy Smith
    Section Image

  • K

    Seller's Agent in 2020

    Kim Love

    Crye-Leike

    (901) 598-0673

    Kim Love
    Section Image

  • C

    Buyer's Agent in 2020

    Craig Knox

    Crye-Leike

    (901) 758-5678

    Craig Knox
    Section Image
  • Jennifer Brown

    Seller's Agent in 2018

    Jennifer Brown

    Crye-Leike

    (901) 483-0605

    58 Total Sales

    Jennifer Brown
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10129048

Memphis Area Association of REALTORS®

APN: 03-0026-0-0005

Tennessee Shelby County Memphis 38104 Cooper-Young

2001 Central Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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