NOT LISTED FOR SALE

2369 Lamar Ave Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $123,520 - $205,000

6 Beds
3 Baths
2,225 Sq Ft
$75/Sq Ft Est. Value

Last Sold July 25, 2016

Last sale price $37,500 $17 Per Sq Ft

Est. 347% increase in value since last sale

Current estimated payment $970/month

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Hot Water Heating System
  • Efficiency Studio

About This Home

As of July 2016

Great Investment Triplex! Fully Leased at $330, $450 & $425 =$1,205 per month! Owner has made many improvements! Don't Disturb Tenants!

Last Agent to Sell the Property

Lee McWaters

McWaters & Associates License #234109 Listed on: 03/02/2016

Last Buyer's Agent

Brenda Allen

Leaving A Legacy Realty, LLC License #284932

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $928

Year Built

  • Built in 1945

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,225 Sq Ft Home
  • 1.5-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Efficiency Studio
  • Free-Standing Range
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Parking

  • Paved Parking
  • Off-Site Parking

Utilities

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

Community Details

  • 3 Units
  • Less Right Of Way Bethel Grove Blk 134 Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 047060 00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$928

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MLS Map #: 757E
  • MAAR Subdivision Name: BETHEL GROVE
  • Freestanding: Yes
  • List Price Per Sq Ft: 18
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 156250
  • Estimated Sq Ft: 2225
  • Year Built: 1945
  • Construction: Brick/Veneer
  • List Price Per Unit: 13300
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Vinyl Floor, Dry Wall, Less Than 8 Feet
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks, Ceiling Fan(s)

Garage/Parking

  • Parking Facility: Concrete, Offsite/Street

Utilities

  • Hot Water: Gas, Individual System, Public Water, Public Sewer
  • Cooling Systems: 2+ Window Units per Unit
  • Heating Systems: Electrical, Wall Heat
  • Laundry: Connections

Lot Info

  • Lot Number: 1
  • Acreage: 0.24
  • Lot Size: 50.05 X 214/216.5
  • Price Per Acre: 166250

Rental Info

  • Tenant Pays: All Utilities
  • Type Of Leases: Weekly

Tax Info

  • Assessor Parcel Number: 047060 00004

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 3
  • Number1 Bedroom Units: 1
  • Number2 Bedroom Units: 1
  • Number3 Bedroom Units: 1
  • Number Efficiency Studio Units: 3
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath, Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2016
Closed on
Jul 25, 2016
Sold by
Bolding James W
Bought by
Parris Trish Mcghee
Seller's Agent
Lee McWaters
McWaters & Associates
Buyer's Agent
Brenda Allen
Leaving A Legacy Realty, LLC
List Price
$39,900
Sold Price
$37,500
Premium/Discount to List
-$2,400
-6.02%
Current Estimated Value
$167,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,130
Avg. Annual Appreciation
15.83%
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
Parris Trish Mcghee $24,900 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2016 07/25/16 Sold $37,500 -6.0% $17 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
03/02/2016 03/02/16 For Sale $39,900 -- $18 / 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 $928 $42,040 $3,120 $38,920
2024 $928 $27,360 $1,440 $25,920
2023 $1,667 $27,360 $1,440 $25,920
2022 $1,667 $27,360 $1,440 $25,920
2021 $1,686 $27,360 $1,440 $25,920
2020 $1,840 $25,400 $1,440 $23,960
2019 $1,840 $25,400 $1,440 $23,960
2018 $1,840 $25,400 $1,440 $23,960
2017 $1,044 $25,400 $1,440 $23,960
2016 $975 $22,320 $0 $0
2014 $975 $22,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lee McWaters

    McWaters & Associates

    Section Image
  • Brenda Allen

    Buyer's Agent in 2016

    Brenda Allen

    Leaving A Legacy Realty, LLC

    (901) 949-1892

    2 in this area

    44 Total Sales

    Brenda Allen
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9971695

Memphis Area Association of REALTORS®

APN: 04-7060-0-0004

Tennessee Shelby County Memphis 38114 Southeast Memphis

2369 Lamar Ave, Memphis, TN

This home is located at 2369 Lamar Ave, Memphis, TN 38114 since 02 March 2016 and is currently estimated at $167,630, approximately $75 per square foot. This property was built in 1945. 2369 Lamar Ave is a home located in Shelby County with nearby schools including Bethel Grove Elementary School, Sherwood Middle, and Melrose High School.

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