NOT LISTED FOR SALE

Estimated Value: $47,000 - $56,611

2 Beds
1 Bath
100-999 Sq Ft
$51/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $7,333 $7 Per Sq Ft

Est. 601% increase in value since last sale

Current estimated payment $298/month

100 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property
  • Separate Formal Living Room

About This Home

As of May 2016

5 rooms 2 BR 1Ba Rentable ready to go. Normally rents for $425.00 A package of 6 buildings for 45K bring in 2,ooo.oo per month presently even with 2 vacant.

Last Agent to Sell the Property

Elbert Carr

Crye-Leike, Inc., REALTORS License #221660 Listed on: 01/26/2016

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Elbert Carr

Crye-Leike, Inc., REALTORS License #221660 Listed on: 01/26/2016

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $212

Year Built

  • Built in 1915

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40 x 120
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 100-999 Sq Ft Home
  • 984 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Iron Doors

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Mayfield Subdivision

Listing and Financial Details

  • Assessor Parcel Number 042025 00007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$212

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Hollywood
  • MLS Map #: 742D
  • MAAR Subdivision Name: MAYFIELD
  • List Price Per Sq Ft: 10
  • Number Of Stories: 1
  • Price Per Sq Ft: 7.45
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 984
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs

Garage/Parking

  • Parking Storage: Driveway/Pad

Lot Info

  • Lot Description: Level
  • Lot Number: 192
  • Acreage: 0.11
  • Lot Size: 40 X 120
  • Price Per Acre: 90909

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 042025 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2011
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Newman Robert
Current Estimated Value
$51,403

Purchase Details

Closed on
Nov 12, 2010
Sold by
Shelton Spencer and Shelton Patricia Oaks Nichols
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jan 25, 2000
Sold by
Jefferson Ave Llc
Bought by
Shelton Spencer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,551
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 1999
Sold by
Harris Trust & Svgs Bank
Bought by
Jefferson Avenue Llc

Purchase Details

Closed on
Mar 12, 1999
Sold by
Bernice Gipson and Davis Shirley Davis
Bought by
Harris Trust & Svgs Bank

Purchase Details

Closed on
Apr 2, 1998
Sold by
Bernice Gipson and Davis Shirley Davis
Bought by
Harris Trust & Svgs Bank

Purchase Details

Closed on
Jun 20, 1996
Sold by
Snowden Bernice and Gipson Bernice
Bought by
Davis Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,200
Interest Rate
8.15%
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
Newman Robert $4,050 None Available
Secretary Of Housing & Urban Development $37,255 None Available
Shelton Spencer $36,200 --
Jefferson Avenue Llc $6,000 --
Harris Trust & Svgs Bank $30,010 --
Harris Trust & Svgs Bank $30,010 --
Davis Shirley -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shelton Spencer $36,551
Previous Owner Gipson Bernice $27,200
Previous Owner Davis Shirley $27,200
Closed Shelton Spencer $2,441
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2016 05/11/16 Sold $7,333 -26.7% $73 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $10,000 0.0% $100 / Sq Ft
01/30/2015 01/30/15 Sold $10,000 -22.5% $10 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
10/22/2014 10/22/14 For Sale $12,900 -- $13 / 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 $212 $7,800 $1,375 $6,425
2024 -- $6,250 $875 $5,375
2023 $381 $6,250 $875 $5,375
2022 $381 $6,250 $875 $5,375
2021 $385 $6,250 $875 $5,375
2020 $409 $5,650 $875 $4,775
2019 $409 $5,650 $875 $4,775
2018 $409 $5,650 $875 $4,775
2017 $232 $5,650 $875 $4,775
2016 $241 $5,525 $0 $0
2014 $241 $5,525 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9969139

Memphis Area Association of REALTORS®

APN: 04-2025-0-0007