NOT LISTED FOR SALE

2540 Malone Ave Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $102,000 - $113,000

2 Beds
1 Bath
100-999 Sq Ft
$106/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $87,000 $87 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $637/month

27 Days on Market

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Level Lot
  • Wood Flooring
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of October 2022

Wonderful home in Bethel Grove area that has tons of amenities & is in MOVE-IN CONDITION. New paint, air conditioner, flooring, light fixtures, great kitchen with new cabinets & countertops, new carpet in bedrooms, updated bathroom, etc. Home qualifies for special 100% financing thru Trustmark & Pinnacle Bank. FHA/ VA/ Conv offers welcome. Seller will help with closing costs & home warranty with acceptable offer. Bulk sale opportunity available. 735 East, 3792 Dunn and 2540 Malone.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 08/19/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 08/19/2022

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $590

Year Built

  • Built in 1936

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x154
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 841 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Iron Doors

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • Bethel Grove Blk 167 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 047059 00018

Home Details

Home Type

Single Family

Est. Annual Taxes

$590

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 757E
  • MAAR Subdivision Name: BETHEL GROVE
  • List Price Per Sq Ft: 129
  • Number Of Stories: 1
  • Price Per Sq Ft: 103.45
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 841
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Pantry
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 1
  • Acreage: 0.17
  • Lot Size: 50X154
  • Price Per Acre: 640588

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 047059 00018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Oct 12, 2022
Sold by
Rackem 901 Properties Llc
Bought by
Hidalgo Michael J and Hidalgo Bethany J
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$109,000
Sold Price
$87,000
Premium/Discount to List
-$22,000
-20.18%
Current Estimated Value
$106,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,610
Avg. Annual Appreciation
7.45%
Original Mortgage
$43,000
Outstanding Balance
$41,540
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$64,841

Purchase Details

Closed on
May 17, 2022
Sold by
Shannon Mosley-Williams
Bought by
Rackem 901 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
$60,000
Interest Rate
4.48%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 9, 2018
Sold by
Williams Stanley
Bought by
Mosley Williams Shannon

Purchase Details

Closed on
Nov 30, 2015
Sold by
Davis Antonious
Bought by
Bolden Ricardo

Purchase Details

Closed on
Sep 7, 2013
Sold by
Carter Jim and Carter Sue
Bought by
Davis Antonious

Purchase Details

Closed on
Mar 30, 2012
Sold by
Carter Jim
Bought by
Carter Jim and Carter Sue
Source: Public Records

Range of Values:

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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
Hidalgo Michael J $87,000 Memphis Title
Rackem 901 Properties Llc $45,000 Delta Title Services
Mosley Williams Shannon -- None Available
Bolden Ricardo -- None Available
Davis Antonious $4,700 None Available
Carter Jim -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hidalgo Michael J $43,000
Previous Owner Rackem 901 Properties Llc $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $87,000 -20.1% $870 / Sq Ft
09/08/2022 09/08/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $108,900 -0.1% $1,089 / Sq Ft
08/12/2022 08/12/22 For Sale $109,000 -- $1,090 / 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 $590 $22,750 $2,450 $20,300
2024 $590 $17,400 $1,125 $16,275
2023 $1,060 $17,400 $1,125 $16,275
2022 $682 $11,200 $1,125 $10,075
2021 $811 $11,200 $1,125 $10,075
2020 $576 $7,950 $1,125 $6,825
2019 $254 $7,950 $1,125 $6,825
2018 $254 $7,950 $1,125 $6,825
2017 $260 $7,950 $1,125 $6,825
2016 $351 $8,025 $0 $0
2014 $351 $8,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Tapley

    Seller's Agent in 2022

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    45 in this area

    1,237 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10131544

Memphis Area Association of REALTORS®

APN: 04-7059-0-0018

Tennessee Shelby County Memphis 38114 Southeast Memphis

2540 Malone Ave, Memphis, TN

This home is located at 2540 Malone Ave, Memphis, TN 38114 since 19 August 2022 and is currently estimated at $106,381, approximately $106 per square foot. This property was built in 1936. 2540 Malone Ave is a home located in Shelby County with nearby schools including Bethel Grove Elementary School, Sherwood Middle, and Melrose High School.

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