NOT LISTED FOR SALE

2131 Lyon Ave Memphis, TN 38108

Hollywood Neighborhood

Estimated Value: $68,000 - $72,000

1 Bed
1 Bath
1,020 Sq Ft
$69/Sq Ft Est. Value

Last Sold October 03, 2022

Last sale price $83,333 $82 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $402/month

84 Days on Market

Highlights

  • Traditional Architecture
  • Dining Area
  • Vinyl Flooring
  • Detached Garage
  • Level Lot
  • 1-Story Property

About This Home

As of October 2022

This duplex consists of 1 bedroom and 1 bath units. The total scheduled monthly income is 650. Great upside in rent! Part of a duplex portfolio, additional duplexes are available. Drive by only. Please do not disturb tenants.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 02/17/2022

Crye-Leike Commercial

Last Buyer's Agent

Jessica Sewell

Prime Real Estate Group License #362061

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $252

Year Built

  • Built in 1951

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x120
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,020 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Vinyl Flooring

Parking

  • Detached Garage
  • Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Community Details

  • Hyde Park Blk C Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 041052 00138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$252

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 2133
  • MLS Map #: 742B
  • MAAR Subdivision Name: HYDE PARK BLK C
  • Freestanding: Yes
  • List Price Per Sq Ft: 80
  • Number Of Stories: 1
  • Price Per Sq Ft: 81.7
  • Estimated Sq Ft: 1020
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor
  • Estimated Entire Duplex Sq Ft: 1000-1199

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Parking Display: 0D
  • Parking: Driveway/Pad

Utilities

  • Cooling: 1 Window Unit per Unit
  • Heating: Wall Heat
  • Hot Water: Electric

Lot Info

  • Lot Description: Level
  • Lot Number: 9
  • Acreage: 0.11
  • Lot Size: 40X120
  • Price Per Acre: 745455

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 041052 00138

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Bright River Llc
Bought by
Walsaw Inc
Current Estimated Value
$70,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$323,569
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
-$256,236

Purchase Details

Listed on
Mar 25, 2012
Closed on
Mar 30, 2012
Sold by
Epstein Samuel H and Epstein Barbara
Bought by
Wolfe Aaron J and Wolfe Gigi H
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$20,000
Sold Price
$15,000
Premium/Discount to List
-$5,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.82%
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
Walsaw Inc $205,000 Omega Title
Wolfe Aaron J $85,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walsaw Inc $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $83,333 +1.6% $82 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
05/10/2022 05/10/22 Price Changed $82,000 -7.9% $80 / Sq Ft
02/17/2022 02/17/22 For Sale $89,000 +493.3% $87 / Sq Ft
03/30/2012 03/30/12 Sold $15,000 -25.0% $15 / Sq Ft
03/26/2012 03/26/12 Pending -- -- --
03/25/2012 03/25/12 For Sale $20,000 -- $20 / 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 $252 $14,000 $2,000 $12,000
2024 $252 $7,440 $1,520 $5,920
2023 $453 $7,440 $1,520 $5,920
2022 $453 $7,440 $1,520 $5,920
2021 $257 $7,440 $1,520 $5,920
2020 $519 $7,160 $1,520 $5,640
2019 $229 $7,160 $1,520 $5,640
2018 $229 $7,160 $1,520 $5,640
2017 $234 $7,160 $1,520 $5,640
2016 $337 $7,720 $0 $0
2014 $337 $7,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2022

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    13 in this area

    88 Total Sales

    Jeffrey Moore
    Section Image

  • J

    Buyer's Agent in 2022

    Jessica Sewell

    Prime Real Estate Group

    (208) 620-8283

    10 in this area

    36 Total Sales

    Jessica Sewell
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10118044

Memphis Area Association of REALTORS®

APN: 04-1052-0-0138

Tennessee Shelby County Memphis 38108 Hollywood

2131 Lyon Ave, Memphis, TN

This home is located at 2131 Lyon Ave, Memphis, TN 38108 since 17 February 2022 and is currently estimated at $70,000, approximately $68 per square foot. This property was built in 1951. 2131 Lyon Ave is a home located in Shelby County with nearby schools including Douglass Elementary School, Douglass High School, and Promise Academy.

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