NOT LISTED FOR SALE

2383 Avery Ave Memphis, TN 38112

Chickasaw Gardens Neighborhood

Estimated Value: $241,000 - $363,781

4 Beds
3 Baths
2,561 Sq Ft
$118/Sq Ft Est. Value

Last Sold October 30, 2018

Last sale price $180,000 $70 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $1,730/month

Highlights

  • 0.47 Acre Lot
  • Efficiency Studio
  • 1-Story Property
  • Wood Flooring
  • Partially Fenced Property

About This Home

As of October 2018

Nice triplex with two 2br/1ba apartments plus a studio apartment in the back. Close to CBU. $2,230 a month potential rent income.

Last Agent to Sell the Property

Linda Sowell

Sowell, Realtors License #50660 Listed on: 09/12/2018

Last Buyer's Agent

Ben Strauch

Skyline Realty License #265513

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,799

Year Built

  • Built in 1954

Lot Details

  • 0.47 Acre Lot
  • Partially Fenced Property
  • Wood Fence
  • Chain Link Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Wood Composite

Interior Spaces

  • 2,561 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Efficiency Studio
  • Free-Standing Range
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • Covered Parking
  • Gravel Driveway
  • Paved Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 3 Units
  • Daviss Avery Ave Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 028037 00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,799

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Multi-Family
  • MAAR Subdivision Name: DAVIS AVERY AVE
  • Freestanding: Yes
  • List Price Per Sq Ft: 71
  • Number Of Stories: 1
  • Estimated Sq Ft: 2561
  • Year Built: 1954
  • Construction: Brick, Wood/Composition
  • List Price Per Unit: 61000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

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

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake
  • Miscellaneous Exterior: No Landscaping, Wood Fence, Chain Fence, Partically Fenced

Garage/Parking

  • Parking Facility: Asphalt/Blacktop, Gravel, Detached, Covered

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Gas
  • Laundry: Connections

Lot Info

  • Lot Number: 1
  • Acreage: 0.47
  • Lot Size: 80/89.9 X 281.7/240.7

Rental Info

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

Tax Info

  • Assessor Parcel Number: 028037 00003

Multi Family

  • Total Number Of Units: 3
  • Number2 Bedroom Units: 2
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2018
Closed on
Oct 30, 2018
Sold by
Boll Weevil Properties Llc
Bought by
Weatherall Charles Allen
Seller's Agent
Linda Sowell
Sowell, Realtors
Buyer's Agent
Ben Strauch
Skyline Realty
List Price
$183,000
Sold Price
$180,000
Premium/Discount to List
-$3,000
-1.64%
Current Estimated Value
$301,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,695
Avg. Annual Appreciation
7.67%
Original Mortgage
$135,000
Outstanding Balance
$118,217
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$183,478

Purchase Details

Closed on
Apr 25, 2007
Sold by
Wilder Randall K
Bought by
Memphis Theological Seminary Of The Cumb

Purchase Details

Closed on
Dec 3, 2004
Sold by
Moser Bobby N
Bought by
Wilder Randall K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,500
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 1997
Sold by
Griste Rubye A
Bought by
Moser Bobby N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,764
Interest Rate
7.19%
Mortgage Type
FHA
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
Weatherall Charles Allen $180,000 None Available
Memphis Theological Seminary Of The Cumb $180,500 None Available
Wilder Randall K $110,000 --
Moser Bobby N $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weatherall Charles Allen $135,000
Previous Owner Wilder Randall K $93,500
Previous Owner Moser Bobby N $79,764
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2018 10/30/18 Sold $180,000 -1.6% $70 / Sq Ft
09/12/2018 09/12/18 For Sale $183,000 +31.7% $71 / Sq Ft
10/31/2013 10/31/13 Sold $139,000 -12.6% $54 / Sq Ft View Prior Sale
09/17/2013 09/17/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $159,000 -- $62 / 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 $1,799 $78,800 $8,000 $70,800
2024 $1,799 $53,080 $6,520 $46,560
2023 $3,233 $53,080 $6,520 $46,560
2022 $3,233 $53,080 $6,520 $46,560
2021 $1,831 $53,080 $6,520 $46,560
2020 $4,156 $57,360 $6,520 $50,840
2019 $1,833 $57,360 $6,520 $50,840
2018 $1,833 $57,360 $6,520 $50,840
2017 $1,877 $57,360 $6,520 $50,840
2016 $2,430 $55,600 $0 $0
2014 $2,975 $68,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Sowell

    Seller's Agent in 2018

    Linda Sowell

    Sowell, Realtors

    (901) 277-4380

    12 in this area

    207 Total Sales

    Linda Sowell
    Section Image
  • Ben Strauch

    Buyer's Agent in 2018

    Ben Strauch

    Skyline Realty

    (901) 501-5126

    58 Total Sales

    Ben Strauch
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10036390

Memphis Area Association of REALTORS®

APN: 02-8037-0-0003

Tennessee Shelby County Memphis 38112 Chickasaw Gardens

2383 Avery Ave, Memphis, TN

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