NOT LISTED FOR SALE

2425 Lamar Cir Memphis, TN 38114

Orange Mound Neighborhood

Estimated Value: $53,000 - $122,000

4 Beds
2 Baths
1,508 Sq Ft
$59/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $43,500 $29 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $533/month

31 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 1-Story Property
  • Separate Formal Living Room

About This Home

As of April 2021

4 Br 2 Ba Rented COTTAGE STYLE DUPLEX. TENANT OCCUPYING ONE SIDE PAYING $550 PER MONTH WITH LEASE ENDING FEB 2021 OTHER SIDE VACANT. PROPERTY MANAGED BY REEDY PROPERTY MANAGEMENT AND RENT ROLL AND LEASE IS ATTACHED IN DOCUMENTS. . THIS IS A CASH FLOWING ASSET YOUR INVESTOR WOULD WANT !!! ALL OFFERS ARE SUBJECT TO INSPECTION UNTIL OFFER IS ACCEPTED BY SELLER THEN WE WILL GET BUYER IN FOR THEIR INSPECTIONS. NO SHOWINGS PRIOR TO ACCEPTED SUBJECT TO INSPECTION OFFER

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 01/25/2021

Last Buyer's Agent

Jacob Laurence

Keller Williams License #339121

Keller Williams

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 48x178

Parking

  • Driveway

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,508 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Wood Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • Lamar Circle 1St Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 047061 00064

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • MAAR Subdivision Name: ORANGE MOUND
  • Freestanding: Yes
  • List Price Per Sq Ft: 31
  • Number Of Stories: 1
  • Estimated Sq Ft: 1508
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood

Exterior Features

  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Number: E PT 2
  • Acreage: 0.18
  • Lot Size: 48X178

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 047061 00064

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Apr 14, 2021
Sold by
Yamoah Isaac and Ohunyon Joy
Bought by
Hoefling Benjamin
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
Jacob Laurence
Keller Williams
List Price
$47,000
Sold Price
$43,500
Premium/Discount to List
-$3,500
-7.45%
Current Estimated Value
$96,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,031
Avg. Annual Appreciation
16.26%
Original Mortgage
$53,476
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2018
Sold by
Le Mcnamara Real Estate Llc
Bought by
Joy Yamoah Issac and Joy Ohunynn

Purchase Details

Closed on
May 9, 2002
Sold by
Oleary Ann
Bought by
Oleary Ann and Oleary Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,400
Interest Rate
6.98%
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
Hoefling Benjamin $43,500 None Listed On Document
Joy Yamoah Issac $31,000 None Available
Oleary Ann -- American Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hoefling Benjamin $53,476
Previous Owner Oleary Ann $40,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2021 04/16/21 Sold $43,500 -7.4% $29 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $47,000 0.0% $31 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $47,000 +57.2% $31 / Sq Ft
08/10/2016 08/10/16 Sold $29,900 0.0% $20 / Sq Ft View Prior Sale
05/03/2016 05/03/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $29,900 +30.0% $20 / Sq Ft
09/28/2015 09/28/15 Sold $23,000 -11.5% $15 / Sq Ft View Prior Sale
09/11/2015 09/11/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $26,000 -- $17 / 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 $335 $24,920 $2,600 $22,320
2024 $335 $9,880 $1,200 $8,680
2023 $602 $9,880 $1,200 $8,680
2022 $602 $9,880 $1,200 $8,680
2021 $715 $9,880 $1,200 $8,680
2020 $843 $11,640 $1,200 $10,440
2019 $372 $11,640 $1,200 $10,440
2018 $372 $11,640 $1,200 $10,440
2017 $381 $11,640 $1,200 $10,440
2016 $911 $20,840 $0 $0
2014 $911 $20,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark Saller

    Reedy Group II, LLC

    Section Image
  • Jacob Laurence

    Buyer's Agent in 2021

    Jacob Laurence

    Keller Williams

    (901) 734-8006

    2 in this area

    51 Total Sales

    Jacob Laurence
    Section Image
  • Rochelle Bouchard

    Buyer Co-Listing Agent in 2021

    Rochelle Bouchard

    Keller Williams

    (901) 206-6948

    1 in this area

    24 Total Sales

    Rochelle Bouchard
    Section Image

  • P

    Seller's Agent in 2016

    Patrick Scifres

    Fast Track Realty, LLC

  • Tina Sandoval

    Seller Co-Listing Agent in 2016

    Tina Sandoval

    Spartan REALTORS, LLC

    (901) 218-6558

    1 in this area

    277 Total Sales

    Tina Sandoval
    Section Image

  • J

    Buyer's Agent in 2016

    Jim Williams

    Tiger Realty

    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10092353

Memphis Area Association of REALTORS®

APN: 04-7061-0-0064

Tennessee Shelby County Memphis 38114 Orange Mound

2425 Lamar Cir, Memphis, TN

Not Listed for Sale

MultiFamily

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