NOT LISTED FOR SALE

2539 Arlington Ave Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $86,625 - $121,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$72/Sq Ft Est. Value

Sale Details

Date Sold: January 31, 2020

Last sale price $79,900 $57 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $582 / mo

Highlights

  • Updated Kitchen
  • 1 Fireplace
  • Some Wood Windows
  • Traditional Architecture
  • Den
  • Tile Flooring

About This Home

As of January 2020

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $795 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 12/18/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x153.5
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,237 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Bethel Grove Blk 210 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 047049 00012

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: BETHEL GROVE
  • List Price Per Sq Ft: 65
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1237
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Number Of Fireplaces: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 1
  • Acreage: 0.17
  • Lot Size: 50X153.5

Tax Info

  • Assessor Parcel Number: 047049 00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2020
Sold by
Tran Justin
Bought by
Iti Tn One Llc
Current Estimated Value
$101,406

Purchase Details

Listed on
Dec 18, 2019
Closed on
Jan 31, 2020
Sold by
Memphis Investment Properties Llc
Bought by
Tran Justin
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$79,900
Sold Price
$79,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.89%
Original Mortgage
$63,920
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2015
Sold by
Reedy James E and Reedy Debra L
Bought by
Memphis Investment Properties Llc

Purchase Details

Closed on
Aug 22, 2007
Sold by
Memphis Investment Properties Llc
Bought by
Reedy James E and Reedy Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2006
Sold by
Citimortgage Inc
Bought by
Memphis Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,500
Interest Rate
12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2006
Sold by
Sanders Ruby
Bought by
Citimortgage Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,500
Interest Rate
12%
Mortgage Type
Purchase Money Mortgage
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
Iti Tn One Llc -- None Available
Tran Justin $79,900 Delta Title Services Llc
Memphis Investment Properties Llc -- Delta Title Services Llc
Reedy James E -- Fayette County Title Company
Memphis Investment Properties Llc $22,500 Edco Title & Closing Service
Citimortgage Inc $26,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tran Justin $63,920
Previous Owner Reedy James E $42,000
Previous Owner Memphis Investment Properties Llc $24,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2020 01/31/20 Sold $79,900 0.0% $67 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
12/18/2019 12/18/19 For Sale $79,900 -- $67 / 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 $587 $24,275 $2,450 $21,825
2024 $587 $17,325 $1,125 $16,200
2023 $1,055 $17,325 $1,125 $16,200
2022 $1,055 $17,325 $1,125 $16,200
2021 $598 $17,325 $1,125 $16,200
2020 $676 $9,325 $1,125 $8,200
2019 $298 $9,325 $1,125 $8,200
2018 $298 $9,325 $1,125 $8,200
2017 $305 $9,325 $1,125 $8,200
2016 $412 $9,425 $0 $0
2014 $412 $9,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    9 in this area

    287 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    9 in this area

    302 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10067926

Memphis Area Association of REALTORS®

APN: 04-7049-0-0012

Tennessee Shelby County Memphis 38114 Southeast Memphis

2539 Arlington Ave, Memphis, TN

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