NOT LISTED FOR SALE

Estimated Value: $170,041 - $392,000

2 Beds
3 Baths
2,550 Sq Ft
$119/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $271,500 $106 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,944/month

17 Days on Market

Highlights

  • The property is located in a historic district
  • Efficiency Studio
  • Wood Fence
  • Wood Flooring
  • Ceiling height of 9 feet or more
  • 1-Story Property

About This Home

As of October 2020

Owner agent. Please do not disturb tenants on east and west side of building. The middle unit is vacant. Unit A currently rented for $895.00 and lease in effect until 5/3021. Unit B ,which is vacant , I would ask $1200. per month for. This is the unit available for viewing. Unit C, the efficiency, is rented for $575.00 on mo to mo.

Last Agent to Sell the Property

Becca Dickerson

Sowell, Realtors License #221108 Listed on: 10/13/2020

Last Buyer's Agent

Becca Dickerson

Sowell, Realtors License #221108 Listed on: 10/13/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,634

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Wood Fence
  • Chain Link Fence

Home Design

  • Triplex
  • Composition Roof
  • Shake Siding
  • Plaster
  • Wood Composite

Interior Spaces

  • 2,550 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Efficiency Studio

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Location

  • The property is located in a historic district

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Window Unit Cooling System
  • Gas Water Heater

Community Details

  • Cooper Young Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, security deposit
  • Assessor Parcel Number 031127 00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,634

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MLS Map #: 746K
  • MAAR Subdivision Name: COOPER YOUNG
  • Freestanding: Yes
  • List Price Per Sq Ft: 114
  • Number Of Stories: 1
  • Price Per Sq Ft: 1597058.82
  • Estimated Sq Ft: 2550
  • Year Built: 1910
  • Construction: Wood/Composition, Shake/Shingle
  • List Price Per Unit: 96633.33
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Plaster, 9 Ft or More
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher, Microwave

Exterior Features

  • Foundation: Conventional/Crawl Space, Partial Basement
  • Roof: Composition
  • Miscellaneous Exterior: Wood Fence, Chain Fence, Historic District

Garage/Parking

  • Parking Facility: Less Than 1 Per Unit

Utilities

  • Hot Water: Gas, Public Water, Public Sewer
  • Cooling Systems: 1 Window Unit per Unit, 2+ Window Units per Unit
  • Heating Systems: Floor Furnace
  • Laundry: Washer in Unit, Dryer in Unit, Equipment Owned

Lot Info

  • Lot Number: 6
  • Acreage: 0.17
  • Lot Size: 50X150
  • Price Per Acre: 1705294

Rental Info

  • Actual Annual Rent: 28380
  • Tenant Pays: All Utilities, Security Deposit

Tax Info

  • Assessor Parcel Number: 031127 00007

Multi Family

  • Perc Occ: 75
  • Total Number Of Units: 3
  • Number1 Bedroom Units: 2
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath, Unfurnished, Some Fireplaces

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 1999
Sold by
Sullivan Richard T
Bought by
Phelan James Lee and Dickerson Rebecca J
Current Estimated Value
$303,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.71%
Source: Public Records

Range of Values:

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Average Value
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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
Phelan James Lee $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Phelan James Lee $20,000
Closed Phelan James Lee $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $271,500 -6.3% $106 / Sq Ft
10/13/2020 10/13/20 For Sale $289,900 0.0% $114 / Sq Ft
07/25/2019 07/25/19 Rented $895 0.0% --
07/23/2019 07/23/19 For Rent $895 -- --
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 $3,634 $126,960 $21,120 $105,840
2024 $3,634 $107,200 $17,800 $89,400
2023 $6,530 $107,200 $17,800 $89,400
2022 $6,530 $107,200 $17,800 $89,400
2021 $3,698 $107,200 $17,800 $89,400
2020 $4,501 $62,120 $16,040 $46,080
2019 $1,985 $62,120 $16,040 $46,080
2018 $1,985 $62,120 $16,040 $46,080
2017 $2,032 $62,120 $16,040 $46,080
2016 $2,641 $60,440 $0 $0
2014 $2,641 $60,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10086831

Memphis Area Association of REALTORS®

APN: 03-1127-0-0007