$21,000
SOLD SEP 6, 2024

2046 Portland Ave Memphis, TN 38127

Frayser Neighborhood
2 Beds
1 Bath
100-999 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$21 Per Sq Ft

48% Below List Price

61 Days on Market

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Combination Dining and Living Room
  • Wood Flooring
  • Porch
  • 1-Story Property

About This Home

As of September 2024

This property is for sale in as is condition. Owner says bring an offer. Needs cosmetic work and HVAC.

Last Agent to Sell the Property

Thomas Blanche

Northpoint Asset Management, L License #330484 Listed on: 06/28/2024

Last Buyer's Agent

Thomas Blanche

Northpoint Asset Management, L License #330484 Listed on: 06/28/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $292

Year Built

  • Built in 1948

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 86x112
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 100-999 Sq Ft Home
  • 833 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Combination Dining and Living Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Community Details

  • Rugby Fifth Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072049 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$292

Year Built

Built in 1948

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 5TH ADD
  • Number Of Stories: 1
  • Price Per Sq Ft: 25.21
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 833
  • Year Built: 1948
  • List Price/ Sq Ft: 48
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition, Vinyl Siding

Garage/Parking

  • Parking Storage: Driveway/Pad

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 847
  • Acreage: 0.14
  • Lot Size: 86X112
  • Price Per Acre: 285714
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 072049 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2025
Sold by
Freedom Finders Llc
Bought by
Pcv 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000,000
Outstanding Balance
$19,949,650
Interest Rate
6.91%
Mortgage Type
Construction
Estimated Equity
-$19,886,682

Purchase Details

Listed on
Jun 28, 2024
Closed on
Sep 6, 2024
Sold by
1893 Mcpherson Dr Llc
Bought by
Freedom Finders Llc
Seller's Agent
Thomas Blanche
Northpoint Asset Management, L
Buyer's Agent
Thomas Blanche
Northpoint Asset Management, L
List Price
$40,000
Sold Price
$21,000
Premium/Discount to List
-$19,000
-47.5%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
263.96%
Original Mortgage
$31,000
Interest Rate
6.78%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 11, 2019
Sold by
Toprank 901 Llc
Bought by
1893 Mcpherson Dr Llc

Purchase Details

Closed on
Feb 11, 2019
Sold by
Lowe Richard
Bought by
Toprank901 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2005
Sold by
Equicredit Corp Of America
Bought by
Naumann Steven A and Naumann Patty

Purchase Details

Closed on
May 19, 2005
Sold by
Seay David
Bought by
Equicredit Corp Of America
Source: Public Records

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Range of Values:

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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 $23,367 Advocate Title & Escrow Servic
Warranty Deed $21,000 Saddle Creek Title
Warranty Deed $150,000 Saddle Creek Title Llc
Warranty Deed $13,500 Saddle Creek Title Llc
Special Warranty Deed $10,500 None Available
Trustee Deed $11,979 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $20,000,000 Construction
Previous Owner $31,000 Construction
Previous Owner $17,000 Purchase Money Mortgage
Previous Owner $56,481 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $64,000 -14.6% $80 / Sq Ft
05/14/2025 05/14/25 Price Changed $74,900 -6.3% $94 / Sq Ft
04/28/2025 04/28/25 For Sale $79,900 +280.5% $100 / Sq Ft
09/06/2024 09/06/24 Sold $21,000 -47.5% $210 / Sq Ft
06/28/2024 06/28/24 For Sale $40,000 -- $400 / 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 $292 $16,250 $1,475 $14,775
2024 $292 $8,625 $1,200 $7,425
2023 $525 $8,625 $1,200 $7,425
2022 $525 $8,625 $1,200 $7,425
2021 $298 $8,625 $1,200 $7,425
2020 $411 $5,675 $1,200 $4,475
2019 $181 $5,675 $1,200 $4,475
2018 $181 $5,675 $1,200 $4,475
2017 $186 $5,675 $1,200 $4,475
2016 $248 $5,675 $0 $0
2014 $248 $5,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joseph Doughton

    Seller's Agent in 2025

    Joseph Doughton

    KAIZEN Realty, LLC

    (901) 412-4502

    5 in this area

    33 Total Sales

    Joseph Doughton
    Section Image

  • K

    Seller Co-Listing Agent in 2025

    Kimberly Nickelberry

    KAIZEN Realty, LLC

    (901) 335-0507

    5 Total Sales

    Kimberly Nickelberry
    Section Image
  • Thomas Blanche

    Seller's Agent in 2024

    Thomas Blanche

    Northpoint Asset Management, L

    (901) 288-9801

    6 in this area

    66 Total Sales

    Thomas Blanche
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10175759

Memphis Area Association of REALTORS®

APN: 07-2049-0-0016

Tennessee Shelby County Memphis 38127 Frayser

2046 Portland Ave, Memphis, TN

This home is located at 2046 Portland Ave, Memphis, TN 38127 and is currently priced at $21,000, approximately $21 per square foot. This property was built in 1948. 2046 Portland 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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