NOT LISTED FOR SALE

Estimated Value: $163,000 - $206,000

1 Bed
1 Bath
1,450 Sq Ft
$127/Sq Ft Est. Value

Last Sold August 03, 2012

Last sale price $50,300 $35 Per Sq Ft

Est. 265% increase in value since last sale

Current estimated payment $1,062/month

22 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Detached Garage
  • Landscaped
  • Wood Flooring
  • Step Saver Kitchen Design
  • Floor Furnace

About This Home

As of August 2012

Brick duplex w/ 1BR/1BA each side + double carport in the heart of Midtown! Good cash flow! Ideal for investor! New buyer can update units & get even better cash flow! No sign on property! Being sold as-is! PLEASE DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

George Couloubaritsis

Mid-South Realty, Inc. License #250466 Listed on: 07/02/2012

Last Buyer's Agent

Nathan Mitchell

Crye-Leike, Inc., REALTORS License #297349

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • Lot Dimensions are 50x150
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Storm Doors
  • Step Saver Kitchen Design

Parking

  • 2 Car Detached Garage
  • Carport
  • Driveway

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Floor Furnace

Community Details

  • Central Ave E End Parkway S/D Subdivision

Listing and Financial Details

  • Month-to-Month Lease Term
  • Assessor Parcel Number 029004 00025

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

7,492 Sq Ft Lot

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: EAST PARKWAY
  • Second Address Number: 2278
  • MAAR Subdivision Name: COOPER YOUNG
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 1450
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood
  • Estimated Entire Duplex Sq Ft: 1400-1599

Exterior Features

  • Exterior Windows: Storm Door(s)
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking: Driveway/Pad

Utilities

  • Cooling: 2+ Window Units per Unit
  • Heating: Floor Furnace

Lot Info

  • Lot Description: Some Trees, Level, Landscaped
  • Lot Number: 43
  • Lot Size: 50X150

Rental Info

  • Type Of Leases: Monthly, Year

Tax Info

  • Assessor Parcel Number: 029004 00025

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2012
Closed on
Aug 3, 2012
Sold by
First Tennesse Bank National Association
Bought by
Johnson Properties Of Memphis Llc
Seller's Agent
George Couloubaritsis
Mid-South Realty, Inc.
Buyer's Agent
Nathan Mitchell
Crye-Leike, Inc., REALTORS
List Price
$59,900
Sold Price
$50,300
Premium/Discount to List
-$9,600
-16.03%
Current Estimated Value
$183,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,149
Avg. Annual Appreciation
9.96%
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
Johnson Properties Of Memphis Llc $109,000 Realty Title & Escrow Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2012 08/03/12 Sold $50,300 -16.0% $35 / Sq Ft
07/24/2012 07/24/12 Pending -- -- --
07/02/2012 07/02/12 For Sale $59,900 -- $41 / 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 $1,296 $74,880 $22,760 $52,120
2024 $1,296 $38,240 $17,720 $20,520
2023 $2,329 $38,240 $17,720 $20,520
2022 $2,329 $38,240 $17,720 $20,520
2021 $2,357 $38,240 $17,720 $20,520
2020 $2,440 $33,680 $17,720 $15,960
2019 $1,076 $33,680 $17,720 $15,960
2018 $1,076 $33,680 $17,720 $15,960
2017 $1,102 $33,680 $17,720 $15,960
2016 $1,224 $28,000 $0 $0
2014 $1,440 $32,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3250962

Memphis Area Association of REALTORS®

APN: 02-9004-0-0025

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