NOT LISTED FOR SALE

2527 Union Ave Unit 1-2 Memphis, TN 38112

Chickasaw Gardens Neighborhood

Estimated Value: $110,000 - $207,000

2 Beds
1 Bath
2,087 Sq Ft
$78/Sq Ft Est. Value

Last Sold November 22, 2024

Last sale price $100,000 $48 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,003/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Central Heating and Cooling System
  • Wood Flooring
  • Brick Veneer
  • Combination Dining and Living Room

About This Home

As of November 2024

Cash offers only on this property- Terrific opportunity to tighten up this duplex to have an investment property within walking distance to shopping and restaurants and the Liberty Bowl. This property does need some improvements (some sheetrock, electric, paint and kitchen work) but the guts are solid and the location is great. 2 beds 1 bath on one side, and 2 beds and 2 baths on the other side. Rent range for side 1 should be $1000-1100 and rent range for side 2 should be $1200-1300. This property is temporarily boarded up.

Last Agent to Sell the Property

James Anson Underwood

Crye-Leike, Inc., REALTORS License #296115 Listed on: 10/21/2024

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Mark Wilson

Coldwell Banker Collins-Maury License #304054

Coldwell Banker Collins-Maury

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75x150
  • Corner Lot
  • Level Lot
  • Few Trees

Home Design

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

Interior Spaces

  • 2,087 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Wood Flooring

Parking

  • 1 Parking Space
  • 1 Covered Space
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Pettus Davis Of Pt Collier Tract Subdivision

Listing and Financial Details

  • Assessor Parcel Number 028046 00004

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MAAR Subdivision Name: PETTUS DAVIS
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 2087
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central, Gas
  • Hot Water: Gas

Lot Info

  • Lot Description: Some Trees, Level, Corner
  • Lot Number: 1
  • Acreage: 0.25
  • Lot Size: 75X150
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 028046 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Nov 22, 2024
Sold by
Roundoak Properties Llc
Bought by
Berry L C L and Berry Chiquita D
Seller's Agent
James Anson Underwood
Crye-Leike, Inc., REALTORS
Buyer's Agent
Mark Wilson
Coldwell Banker Collins-Maury
List Price
$200,000
Sold Price
$100,000
Premium/Discount to List
-$100,000
-50%
Views
21
Current Estimated Value
$163,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,091
Avg. Annual Appreciation
59.34%

Purchase Details

Closed on
Apr 2, 2018
Sold by
Roundoak Equity Llc
Bought by
Roundoak Properties Llc

Purchase Details

Closed on
Sep 28, 2017
Sold by
Gp Elkington Green
Bought by
Roundoak Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,400
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2017
Sold by
Green Brian Robert
Bought by
Gp Elkington Green

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,400
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 2017
Sold by
Bank Of America N A
Bought by
Green Brian Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,400
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2016
Sold by
Cimbalo Michael Joseph and Cimbalo Susana
Bought by
Bank Of America Na
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
Berry L C L $100,000 Coventry Escrow & Title
Roundoak Properties Llc -- None Available
Roundoak Equity Llc $144,569 None Available
Gp Elkington Green -- None Available
Green Brian Robert $136,569 None Available
Bank Of America Na $99,903 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roundoak Equity Llc $108,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $100,000 -50.0% $48 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/21/2024 10/21/24 For Sale $200,000 -- $96 / 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 $1,744 $53,000 $10,200 $42,800
2024 $1,744 $51,440 $6,560 $44,880
2023 $3,134 $51,440 $6,560 $44,880
2022 $3,134 $51,440 $6,560 $44,880
2021 $3,170 $51,440 $6,560 $44,880
2020 $2,956 $40,800 $7,720 $33,080
2019 $2,638 $35,040 $7,720 $27,320
2018 $2,539 $35,040 $7,720 $27,320
2017 $1,440 $35,040 $7,720 $27,320
2016 $1,876 $42,920 $0 $0
2014 $1,876 $42,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Anson Underwood

    Seller's Agent in 2024

    James Anson Underwood

    Crye-Leike

    (901) 338-0658

    2 in this area

    198 Total Sales

    James Anson Underwood
    Section Image

  • M

    Buyer's Agent in 2024

    Mark Wilson

    Coldwell Banker Collins-Maury

    (901) 753-0700

    1 in this area

    54 Total Sales

    Mark Wilson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10183710

Memphis Area Association of REALTORS®

APN: 02-8046-0-0004

Tennessee Shelby County Memphis 38112 Chickasaw Gardens

2527 Union Ave Unit 1-2, Memphis, TN

Not Listed for Sale

MultiFamily

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