NOT LISTED FOR SALE

2389 Faxon Ave Memphis, TN 38112

Binghampton Neighborhood

Estimated Value: $187,836 - $240,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$131/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $225,000 $141 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,189/month

448 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Corner Lot
  • Traditional Architecture
  • 1 Fireplace
  • Porch

About This Home

As of March 2023

Price Reduced on this income producing asset located walking distance to Rhodes College and Broad Street. Minutes from Downtown, Fairgrounds, and CBU as well. Seller will sell and lease back at $1600 per/month or provide full turkey AirBnB support for new owner. Typically rented on weekends from Friday to Monday. Vacant this week and easy to show. Submit offers contingent upon showing and inspections.

Last Agent to Sell the Property

Daryl Lewis

Infinity Group REALTORS, Inc. License #260303 Listed on: 12/18/2021

Last Buyer's Agent

Debbie Sowell

NextHome Cornerstone Realty License #259008

NextHome Cornerstone Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50x163
  • Wrought Iron Fence
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,351 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Security Gate
  • Fire and Smoke Detector
  • Iron Doors

Outdoor Features

  • Patio
  • Porch

Location

  • Ground Level

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Deshazo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052016 00008

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Attached Unit Type: Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: DESHAZO
  • List Price Per Sq Ft: 167
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1351
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 4
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Microwave, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Security System, Smoke Detector(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch, Patio
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Security: Burglar Alarm, Security Gate
  • Water Sewer: Gas Water Heater

Lot Info

  • Lot Description: Level, Corner, Landscaped, Iron Fenced
  • Lot Number: 6
  • Acreage: 0.19
  • Lot Size: 50X163

Tax Info

  • Assessor Parcel Number: 052016 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2021
Closed on
Mar 28, 2023
Sold by
Bfsy Corporation
Bought by
Viramontes Juan
Seller's Agent
Daryl Lewis
Infinity Group REALTORS, Inc.
Buyer's Agent
Debbie Sowell
NextHome Cornerstone Realty
List Price
$249,000
Sold Price
$225,000
Premium/Discount to List
-$24,000
-9.64%
Views
47
Current Estimated Value
$209,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,041
Avg. Annual Appreciation
-2.29%
Original Mortgage
$235,000
Outstanding Balance
$227,850
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$17,891

Purchase Details

Closed on
Dec 19, 2019
Sold by
Shieh Margaret
Bought by
Bfsy Corporation

Purchase Details

Closed on
Oct 24, 2013
Sold by
The County Of Shelby
Bought by
Fm 2391 Faxon Trust

Purchase Details

Closed on
Nov 29, 2000
Sold by
Gooch Larry E and Gooch Charlotte A
Bought by
Ward Larry and Ward Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 1, 1998
Sold by
Harris George E
Bought by
Gooch Larry E and Gooch Charlotte A
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
Viramontes Juan $225,000 Executive Title & Closing
Bfsy Corporation -- None Available
Fm 2391 Faxon Trust $9,000 None Available
Ward Larry $48,500 --
Ward Larry $48,500 --
Gooch Larry E $15,443 --
Gooch Larry E $15,443 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Viramontes Juan $235,000
Previous Owner Ward Larry $48,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2023 03/28/23 Sold $225,000 0.0% $161 / Sq Ft
03/11/2023 03/11/23 Pending -- -- --
02/12/2023 02/12/23 Price Changed $225,000 -9.6% $161 / Sq Ft
12/18/2021 12/18/21 For Sale $249,000 -- $178 / 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 $1,024 $74,880 $8,000 $66,880
2024 $674 $30,200 $3,200 $27,000
2023 $1,211 $19,880 $3,200 $16,680
2022 $1,211 $19,880 $3,200 $16,680
2021 $1,225 $19,880 $3,200 $16,680
2020 $1,206 $16,640 $3,200 $13,440
2019 $532 $16,640 $3,200 $13,440
2018 $532 $16,640 $3,200 $13,440
2017 $724 $22,120 $3,200 $18,920
2016 $727 $16,640 $0 $0
2014 $727 $16,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daryl Lewis

    Seller's Agent in 2023

    Daryl Lewis

    Infinity Group REALTORS, Inc.

    (901) 502-5894

    2 in this area

    52 Total Sales

    Daryl Lewis
    Section Image

  • D

    Buyer's Agent in 2023

    Debbie Sowell

    NextHome Cornerstone Realty

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10114535

Memphis Area Association of REALTORS®

APN: 05-2016-0-0008

Tennessee Shelby County Memphis 38112 Binghampton

2389 Faxon Ave, Memphis, TN

Not Listed for Sale

Detached

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