NOT LISTED FOR SALE

2204 Madison Ave Memphis, TN 38104

Midtown Memphis Neighborhood

Estimated Value: $208,000 - $257,000

2 Beds
1 Bath
1,810 Sq Ft
$131/Sq Ft Est. Value

Last Sold January 22, 2015

Last sale price $122,500 $68 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,365/month

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Partially Carpeted
  • 2 Fireplaces
  • Floor Furnace
  • Level Lot

About This Home

As of January 2015

Great opportunity in the Overton Square area. Has positive cash flow and the rents have not been raised in 4 years. Both tenants have been here 4 years, current rents total $1220. Each side has washer/dryer. Has always been easy to rent.

Last Agent to Sell the Property

Jay Wood

Sowell, Realtors License #221237 Listed on: 08/08/2014

Last Buyer's Agent

Jay Wood

Sowell, Realtors License #221237 Listed on: 08/08/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,277

Year Built

  • Built in 1912

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 45 x 168.6
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,810 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Some Wood Windows
  • Partially Carpeted

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • Coles East End Subdivision

Listing and Financial Details

  • Assessor Parcel Number 028004 00016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,277

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Duplexes
  • Style: Traditional
  • Second Address Number: 2206
  • MLS Map #: 746D
  • MAAR Subdivision Name: EAST END
  • Freestanding: Yes
  • List Price Per Sq Ft: 77
  • Number Of Stories: 1
  • Price Per Sq Ft: 67.68
  • Estimated Sq Ft: 1810
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Carpet
  • Number Of Fireplaces: 2
  • Estimated Entire Duplex Sq Ft: 1800-1999

Exterior Features

  • Exterior Windows: Wood/Composition
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: 2+ Window Units per Unit
  • Heating: Gas, Floor Furnace, Wall Heat
  • Hot Water: Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 38
  • Acreage: 0.17
  • Lot Size: 45 X 168.6
  • Price Per Acre: 817647

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 028004 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2014
Closed on
Jan 22, 2015
Sold by
Pesch Robert N and Pesch William S
Bought by
Rogers Robert Brian
Seller's Agent
Jay Wood
Sowell, Realtors
Buyer's Agent
Jay Wood
Sowell, Realtors
List Price
$149,000
Sold Price
$122,500
Premium/Discount to List
-$26,500
-17.79%
Current Estimated Value
$236,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,786
Avg. Annual Appreciation
7.35%
Original Mortgage
$102,000
Outstanding Balance
$79,507
Interest Rate
4.01%
Mortgage Type
New Conventional
Estimated Equity
$181,149

Purchase Details

Closed on
Oct 5, 2000
Sold by
Ramey Enrica and Billingsley Donice
Bought by
Pesch Robert Nelson and Pesch William Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.65%
Mortgage Type
Seller Take Back
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
Rogers Robert Brian $122,500 None Available
Pesch Robert Nelson $125,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rogers Robert Brian $102,000
Previous Owner Presler Wendy J $44,632
Previous Owner Pesch Robert Nelson $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2015 01/22/15 Sold $122,500 -17.8% $68 / Sq Ft
12/05/2014 12/05/14 Pending -- -- --
08/08/2014 08/08/14 For Sale $149,000 -- $82 / 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 $1,277 $55,950 $17,675 $38,275
2024 $1,277 $37,675 $9,050 $28,625
2023 $2,295 $37,675 $9,050 $28,625
2022 $2,295 $37,675 $9,050 $28,625
2021 $2,322 $37,675 $9,050 $28,625
2020 $2,264 $31,250 $7,550 $23,700
2019 $2,264 $31,250 $7,550 $23,700
2018 $2,264 $31,250 $7,550 $23,700
2017 $1,284 $31,250 $7,550 $23,700
2016 $1,616 $36,975 $0 $0
2014 $1,616 $36,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jay Wood

    Sowell, Realtors

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9933363

Memphis Area Association of REALTORS®

APN: 02-8004-0-0016

Tennessee Shelby County Memphis 38104 Midtown Memphis

2204 Madison Ave, Memphis, TN

This home is located at 2204 Madison Ave, Memphis, TN 38104 since 08 August 2014 and is currently estimated at $236,286, approximately $130 per square foot. This property was built in 1912. 2204 Madison Ave is a home located in Shelby County with nearby schools including Idlewild Elementary School, Central High School, and Compass Community School Binghampton Campus.

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