NOT LISTED FOR SALE

2131 Lyon Ave Memphis, TN 38108

Hollywood Neighborhood

Estimated Value: $74,000 - $122,000

1 Bed
1 Bath
1,020 Sq Ft
$94/Sq Ft Est. Value

Last Sold October 03, 2022

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

Est. 15% increase in value since last sale

Current estimated payment $512/month

84 Days on Market

Highlights

  • Traditional Architecture
  • Brick Veneer
  • Level Lot
  • Detached Garage
  • Dining Area
  • Vinyl Flooring

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

Year Built

  • Built in 1951

Lot Details

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

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer
  • 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

Year Built

Built in 1951

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 2133
  • MAAR Subdivision Name: HYDE PARK BLK C
  • Freestanding: Yes
  • List Price Per Sq Ft: 80
  • Number Of Stories: 1
  • 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

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
$95,667

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
$321,194
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
-$225,527

Purchase Details

Listed on
Feb 17, 2022
Closed on
Sep 28, 2022
Sold by
Wolfe Aaron J and Wolfe Gigi H
Bought by
Bright River Llc
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jessica Sewell
Prime Real Estate Group
List Price
$89,000
Sold Price
$83,333
Premium/Discount to List
-$5,667
-6.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%

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
17.70%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Walsaw Inc $205,000 Omega Title
Bright River Llc $250,000 Commercial Title Group
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 List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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
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
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

    79 Total Sales

    Jeffrey Moore
    Section Image

  • J

    Buyer's Agent in 2022

    Jessica Sewell

    Prime Real Estate Group

    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

Not Listed for Sale

MultiFamily

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