NOT LISTED FOR SALE

2077 Lowell Ave Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $82,000 - $95,000

1 Bed
1 Bath
1,700 Sq Ft
$53/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $93,700 $55 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $516/month

14 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property
  • Partially Carpeted

About This Home

As of January 2023

Terrific investment opportunity. Professionally managed, fully occupied duplex. Total combined rent is $900/mo. Very close to a community center and to two elementary schools. This could be an excellent addition to your rental portfolio. Do not approach or disturb the tenants. No showings without an accepted offer. No wholesale or assignments.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 08/02/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

NON-MLS NON-BOARD AGENT

NON-MLS OR NON-BOARD OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75x100
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property
  • Partially Carpeted

Community Details

  • Yale Blk A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 047006 00005

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 2079
  • MAAR Subdivision Name: YALE BLK A
  • Freestanding: Yes
  • List Price Per Sq Ft: 59
  • Number Of Stories: 1
  • Estimated Sq Ft: 1700
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Carpet

Exterior Features

  • Exterior Windows: Brick Veneer

Lot Info

  • Lot Description: Level
  • Lot Number: 8 9&10
  • Acreage: 0.17
  • Lot Size: 75X100

Tax Info

  • Assessor Parcel Number: 047006 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2022
Closed on
Jan 3, 2023
Sold by
Lake Investment Holdings Llc
Bought by
Novak Robert A and Novak Tanya M
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$100,000
Sold Price
$93,700
Premium/Discount to List
-$6,300
-6.3%
Views
3
Current Estimated Value
$89,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,822
Avg. Annual Appreciation
-1.47%

Purchase Details

Listed on
Aug 11, 2020
Closed on
Dec 11, 2020
Sold by
Smd Real Estate Holdings Gp
Bought by
Lake Investment Holdings Llc
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$65,000
Sold Price
$63,000
Premium/Discount to List
-$2,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.25%
Original Mortgage
$50,400
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 8, 2015
Sold by
W J Curry Son Llc
Bought by
Waddell John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.93%
Mortgage Type
Unknown
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
Novak Robert A $93,700 Memphis Title
Lake Investment Holdings Llc $63,000 Memphis Title Company
Waddell John $305,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lake Investment Holdings Llc $50,400
Previous Owner Waddell John $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2023 01/03/23 Sold $93,700 -6.3% $55 / Sq Ft
08/19/2022 08/19/22 For Sale $100,000 0.0% $59 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
08/02/2022 08/02/22 For Sale $100,000 +58.7% $59 / Sq Ft
12/12/2020 12/12/20 Sold $63,000 -3.1% $37 / Sq Ft View Prior Sale
11/17/2020 11/17/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $65,000 -- $38 / 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 -- $27,280 $2,400 $24,880
2024 -- $9,120 $1,000 $8,120
2023 $556 $9,120 $1,000 $8,120
2022 $556 $9,120 $1,000 $8,120
2021 $660 $9,120 $1,000 $8,120
2020 $612 $8,440 $1,000 $7,440
2019 $169 $5,275 $625 $4,650
2018 $169 $5,275 $625 $4,650
2017 $173 $5,275 $625 $4,650
2016 $192 $4,400 $0 $0
2014 $324 $7,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Tapley

    Seller's Agent in 2023

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    46 in this area

    1,198 Total Sales

    Tyler Tapley
    Section Image

  • N

    Buyer's Agent in 2023

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

  • Jimmie Tapley

    Seller's Agent in 2020

    Jimmie Tapley

    Crye-Leike, Inc., REALTORS

    (901) 336-7898

    21 in this area

    254 Total Sales

    Jimmie Tapley
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10130223

Memphis Area Association of REALTORS®

APN: 04-7006-0-0005

Tennessee Shelby County Memphis 38114 Southeast Memphis

2077 Lowell Ave, Memphis, TN

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