NOT LISTED FOR SALE

2404 Forrest Ave Memphis, TN 38112

Binghampton Neighborhood

Estimated Value: $103,255 - $195,000

1 Bed
1 Bath
1,100 Sq Ft
$126/Sq Ft Est. Value

Last Sold December 17, 2024

Last sale price $98,500 $90 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $816/month

25 Days on Market

Highlights

  • Traditional Architecture
  • Great Room
  • Central Heating and Cooling System
  • Wood Flooring
  • Brick Veneer
  • Level Lot

About This Home

As of December 2024

Duplex being sold as with a package of two other duplexes on the street! Duplex occupied and being professionally managed. Current tenant pays $250 and $595. One tenant in month to month and the other through July 2024. Please do not disturb tenants. Viewing upon accepted offer! Please contact listing agent.

Last Agent to Sell the Property

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 11/04/2024

Last Buyer's Agent

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 11/04/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • Lot Dimensions are 50x125
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Wood Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • Misses Hanson Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MAAR Subdivision Name: Misses Hanson
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 1100
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Size: 50x125
  • Geo Subdivision: TN

Rental Info

  • Type Of Leases: Monthly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2024
Closed on
Dec 13, 2024
Sold by
Paragon Principal Capital Tennessee Llc
Bought by
Lucchesi Samuel and Lucchesi Alex
Seller's Agent
Andrew Akins
CB Properties of Memphis, LLC
Buyer's Agent
Andrew Akins
CB Properties of Memphis, LLC
List Price
$98,500
Sold Price
$98,500
Views
3
Current Estimated Value
$139,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,564
Avg. Annual Appreciation
41.18%

Purchase Details

Closed on
Mar 17, 2020
Sold by
Lubin Nathan
Bought by
Paragon Principal Capital Tennessee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Lubin Nathan

Purchase Details

Closed on
Apr 24, 2008
Sold by
Porter Deshawn
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2006-2

Purchase Details

Closed on
Dec 29, 2005
Sold by
Johnson Endra Douglas
Bought by
Porter Deshawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
10.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 1, 2000
Sold by
Banktennessee
Bought by
Johnson Endra Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 24, 1998
Sold by
White Geraldine H
Bought by
Ray John M and Jordan Stephen M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lucchesi Samuel $98,500 Home Surety Title & Escrow
Lucchesi Samuel $98,500 Home Surety Title & Escrow
Paragon Principal Capital Tennessee Llc $72,500 Close Trak Closing & Ttl Svc
Lubin Nathan $17,000 Real Estate Title Services
Deutsche Bank National Trust Co $46,750 None Available
Porter Deshawn $55,000 --
Johnson Endra Douglas $30,000 Fayette County Title Company
Ray John M $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paragon Principal Capital Tennessee Llc $91,000
Previous Owner Porter Deshawn $54,000
Previous Owner Johnson Endra Douglas $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2024 12/17/24 Sold $98,500 0.0% $90 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $98,500 -- $90 / 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 $1,002 $53,400 $13,240 $40,160
2024 $1,002 $29,560 $8,360 $21,200
2023 $1,801 $29,560 $8,360 $21,200
2022 $1,801 $29,560 $8,360 $21,200
2021 $1,020 $29,560 $8,360 $21,200
2020 $1,296 $17,880 $8,360 $9,520
2019 $571 $17,880 $8,360 $9,520
2018 $571 $17,880 $8,360 $9,520
2017 $585 $17,880 $8,360 $9,520
2016 $898 $20,560 $0 $0
2014 $898 $20,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Akins

    Seller's Agent in 2024

    Andrew Akins

    CB Properties of Memphis, LLC

    (901) 277-6567

    7 in this area

    333 Total Sales

    Andrew Akins
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10186865

Memphis Area Association of REALTORS®

APN: 03-3001-0-0027

Tennessee Shelby County Memphis 38112 Binghampton

2404 Forrest Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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