NOT LISTED FOR SALE

208 Prospect Ave Jackson, TN 38301

Downtown Jackson Neighborhood

Estimated Value: $278,000

12 Beds
6 Baths
4,814 Sq Ft
$58/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $79,900 $17 Per Sq Ft

Est. 248% increase in value since last sale

Current estimated payment $1,623/month

17 Days on Market

About This Home

As of December 2019

Six Units! Each unit has 2 bedrooms and 1 bathroom! Attention Investors: Amazing Income Producing Investment Opportunity to Diversify Your Portfolio and Generate High Returns ~ 6 Unit Apartment Complex ~ Can be purchased with other properties - Total of 44 Properties in Portfolio

Last Agent to Sell the Property

Allison Pierce

KAIZEN Realty, LLC License #325651 Listed on: 11/09/2019

KAIZEN Realty, LLC

Last Buyer's Agent

Allison Pierce

KAIZEN Realty, LLC License #325651 Listed on: 11/09/2019

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,307

Year Built

  • Built in 1970

Lot Details

  • 0.27

Parking

  • Over 1 Space Per Unit

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,814 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System

Community Details

Listing and Financial Details

  • Tenant pays for all utilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,307

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 6930
  • Freestanding: Yes
  • List Price Per Sq Ft: 17
  • Number Of Stories: 2
  • Estimated Sq Ft: 4814
  • Year Built: 1970
  • Construction: Brick/Veneer
  • List Price Per Unit: 13316.67
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: More Than 1 Per Unit

Utilities

  • Hot Water: Public Water Available
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Connections

Lot Info

  • Lot Size: .28 acres

Rental Info

  • Leaseable Sq Ft: 4814
  • Tenant Pays: All Utilities

Multi Family

  • Total Number Of Units: 6
  • Number2 Bedroom Units: 6
  • Type of Unit: 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2023
Sold by
Superior Acquisitions Llc
Bought by
D & E Properties General Partnership
Current Estimated Value
$278,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Outstanding Balance
$1,016,087
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
-$743,087

Purchase Details

Closed on
Aug 5, 2020
Sold by
Midland Capital
Bought by
Superior Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 9, 2019
Closed on
Dec 5, 2019
Sold by
Wyatt Joel
Bought by
Midland Capital
Seller's Agent
Allison Pierce
KAIZEN Realty, LLC
Buyer's Agent
Allison Pierce
KAIZEN Realty, LLC
List Price
$79,900
Sold Price
$79,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.01%

Purchase Details

Closed on
Feb 15, 2019
Sold by
Blurton Capital Llc
Bought by
Iberiabank

Purchase Details

Closed on
Dec 14, 2012
Sold by
Adams Ralph E
Bought by
Blurton Capital Llc

Purchase Details

Closed on
Feb 28, 2011
Sold by
First State Bank
Bought by
Adams Ralph E

Purchase Details

Closed on
Feb 3, 2011
Sold by
Holder Rt
Bought by
First State Bank

Purchase Details

Closed on
Nov 10, 2005
Bought by
Holder Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 1979
Bought by
Hefley Stephen E

Purchase Details

Closed on
Apr 29, 1977

Purchase Details

Closed on
Sep 8, 1975
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
D & E Properties General Partnership $1,600,000 None Listed On Document
Superior Acquisitions Llc $300,000 None Available
Midland Capital -- None Available
Wyatt Joel $79,900 Home Surety T&E Llc
Iberiabank $251,100 None Available
Blurton Capital Llc $81,700 --
Adams Ralph E $70,000 --
First State Bank $95,000 --
Holder Rt $280,000 --
Hefley Stephen E -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open D & E Properties General Partnership $1,040,000
Previous Owner Superior Acquisitions Llc $240,000
Previous Owner Holder Rt $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2019 12/06/19 Sold $79,900 0.0% $17 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
11/09/2019 11/09/19 For Sale $79,900 -- $17 / 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
2024 $1,307 $69,760 $4,880 $64,880
2022 $2,431 $69,760 $4,880 $64,880
2021 $2,937 $68,120 $2,840 $65,280
2020 $2,937 $68,120 $2,840 $65,280
2019 $983 $22,800 $2,840 $19,960
2018 $1,787 $22,800 $2,840 $19,960
2017 $2,961 $67,120 $2,840 $64,280
2016 $2,760 $67,120 $2,840 $64,280
2015 $2,760 $67,120 $2,840 $64,280
2014 $2,760 $67,120 $2,840 $64,280
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Allison Pierce

    KAIZEN Realty, LLC

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10065747

Memphis Area Association of REALTORS®

APN: 078H-S-026.00

Tennessee Madison County Jackson 38301 Downtown Jackson

208 Prospect Ave, Jackson, TN

This home is located at 208 Prospect Ave, Jackson, TN 38301 since 09 November 2019 and is currently estimated at $278,000, approximately $57 per square foot. This property was built in 1970. 208 Prospect Ave is a home located in Madison County with nearby schools including Alexander Elementary School, North Parkway Middle School, and South Side High School.

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