NOT LISTED FOR SALE

Estimated Value: $250,000 - $381,000

4 Beds
4 Baths
2,356 Sq Ft
$139/Sq Ft Est. Value

Sale Details

Date Sold: July 21, 2023

Last sale price $354,000 $150 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,133 / mo

169 Days on Market

Highlights

  • Central Heating and Cooling System
  • Vinyl Flooring
  • 1-Story Property

About This Home

As of July 2023

This 4 unit property is located in Booming Midtown Memphis! The units are all 1 bedroom. The market rents are 3600. Recently upgraded ! Owner will finance with 20% down. The total scheduled monthly income is 3345. Drive by only. Please do not disturb tenants.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 01/04/2023

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 01/04/2023

Crye-Leike Commercial

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1930

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 130x45

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,356 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Floor Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 028018 00005

Community Details

Overview

  • 4 Units
  • Landis Subdivision

Building Details

  • Insurance Expense $1,769

Property Details

Home Type

Apartment

Year Built

Built in 1930

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: LENOX
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 2356
  • Year Built: 1930
  • Construction: Brick/Veneer
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Gas
  • Cooling Systems: Central, 1 Window Unit per Unit
  • Heating Systems: Central, Floor Furnace
  • Laundry: Connections

Lot Info

  • Lot Number: N PTS 14
  • Acreage: 0.13
  • Lot Size: 130X45
  • Improved Sq Ft: 2356

Rental Info

  • Actual Annual Rent: 38880
  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 028018 00005

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 4
  • Type of Unit: 1 BR - 1 Bath

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2023
Closed on
Jul 18, 2023
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$429,000
Sold Price
$354,000
Premium/Discount to List
-$75,000
-17.48%
Views
295
Current Estimated Value
$328,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,357
Avg. Annual Appreciation
-2.38%
Original Mortgage
$283,200
Outstanding Balance
$129,526
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$199,117

Purchase Details

Closed on
May 5, 1999
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cooper-Young, TN

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$354,000 None Listed On Document
-- --
$68,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $283,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/21/2023 07/21/23 Sold $354,000 -9.2% $150 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
03/30/2023 03/30/23 Price Changed $389,900 -1.3% $165 / Sq Ft
02/28/2023 02/28/23 Price Changed $395,000 -4.8% $168 / Sq Ft
01/30/2023 01/30/23 Price Changed $415,000 -3.3% $176 / Sq Ft
01/04/2023 01/04/23 For Sale $429,000 -- $182 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,920 $145,720 $20,960 $124,760
2024 $2,745 $80,960 $11,480 $69,480
2023 $4,932 $80,960 $11,480 $69,480
2022 $4,932 $80,960 $11,480 $69,480
2021 $4,990 $80,960 $11,480 $69,480
2020 $4,640 $64,040 $11,480 $52,560
2019 $4,640 $64,040 $11,480 $52,560
2018 $4,640 $64,040 $11,480 $52,560
2017 $2,632 $64,040 $11,480 $52,560
2016 $2,671 $61,120 $0 $0
2014 $2,671 $61,120 $0 $0
Source: Public Records

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10139816

Memphis Area Association of REALTORS®

APN: 02-8018-0-0005

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