NOT LISTED FOR SALE

2540 Rust Ave Memphis, TN 38127

Estimated Value: $106,400 - $182,000

3 Beds
1 Bath
1,065 Sq Ft
$132/Sq Ft Est. Value

Last Sold May 08, 2012

Last sale price $9,600 $9 Per Sq Ft

Est. 1,370% increase in value since last sale

Current estimated payment $804/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Level Lot
  • Wood Flooring
  • Porch
  • 1-Story Property

About This Home

As of May 2012

**REDUCED** LOCATED IN NORTH MEMPHIS, THIS GREAT HOME NEEDS SOME REPAIRS BUT HAS LOTS OF POTENTIAL! THREE BEDROOMS AND A LARGE YARD. CALL FOR MORE DETAILS AND TO SCHEDULE A SHOWING TODAY!

Last Agent to Sell the Property

Greg Glosson

Fast Track Realty, LLC License #262724 Listed on: 01/20/2012

Last Buyer's Agent

Maurice Douglas

KAIZEN Realty, LLC License #239377

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $771

Year Built

  • Built in 1958

Lot Details

  • 0.99 Acre Lot
  • Lot Dimensions are 126.1 x 311
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 1,065 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Separate Formal Living Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Carport
  • Driveway

Outdoor Features

  • Porch

Community Details

  • Johnson Smith Sec A Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0135 00069

Home Details

Home Type

Single Family

Est. Annual Taxes

$771

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: HIGHWAY 51
  • MAAR Subdivision Name: JOHNSON-SMITH SEC A
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1065
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedroom 2 Description: Level 1, Carpet
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Hardwood, Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Misc Interior: All Window Treatments
  • P R I M A R Y B E D R O O M: Level 1, Carpet

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Driveway/Pad

Utilities

  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 1
  • Acreage: 0.99
  • Lot Size: 126.1 X 311

Tax Info

  • Assessor Parcel Number: D0135 00069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2013
Sold by
Smith Charles S and Smith Geneva F
Bought by
Johnson Dorothy G
Current Estimated Value
$141,100

Purchase Details

Listed on
Jan 20, 2012
Closed on
Jun 26, 2012
Sold by
Smith Charles S and Smith Geneva F
Bought by
Johnson Fred D and Johnson Dorothy G
Seller's Agent
Greg Glosson
Fast Track Realty, LLC
Buyer's Agent
Maurice Douglas
KAIZEN Realty, LLC
List Price
$39,500
Sold Price
$9,600
Premium/Discount to List
-$29,900
-75.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.07%

Purchase Details

Listed on
Jan 20, 2012
Closed on
May 4, 2012
Sold by
U S Bank National Association
Bought by
Smith Charles S and Smith Geneva F
Seller's Agent
Greg Glosson
Fast Track Realty, LLC
Buyer's Agent
Maurice Douglas
KAIZEN Realty, LLC
List Price
$39,500
Sold Price
$9,600
Premium/Discount to List
-$29,900
-75.7%

Purchase Details

Closed on
Jul 5, 2011
Sold by
Woodard Kevin
Bought by
U S Bank National Association

Purchase Details

Closed on
Dec 15, 2005
Sold by
Kerr Louella
Bought by
Woodard Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
8.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 15, 1996
Sold by
Johnson Fred D
Bought by
Kerr Louella
Source: Public Records

Range of Values:

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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
Johnson Dorothy G -- None Available
Johnson Fred D -- None Available
Smith Charles S $9,600 Fidelity Title & Escrow Inc
U S Bank National Association $63,000 None Available
Woodard Kevin $75,000 Community Equity & Title Inc
Kerr Louella $57,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Woodard Kevin $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2012 05/08/12 Sold $9,600 -75.7% $9 / Sq Ft
04/23/2012 04/23/12 Pending -- -- --
01/20/2012 01/20/12 For Sale $39,500 -- $37 / 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 $771 $29,100 $4,375 $24,725
2024 $771 $22,750 $3,825 $18,925
2023 $771 $22,750 $3,825 $18,925
2022 $771 $22,750 $3,825 $18,925
2021 $785 $22,750 $3,825 $18,925
2020 $573 $14,150 $3,475 $10,675
2019 $573 $14,150 $3,475 $10,675
2018 $573 $14,150 $3,475 $10,675
2017 $582 $14,150 $3,475 $10,675
2016 $583 $13,350 $0 $0
2014 $583 $13,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Glosson

    Seller's Agent in 2012

    Greg Glosson

    Fast Track Realty, LLC

    (901) 550-3633

    13 Total Sales

    Greg Glosson
    Section Image

  • M

    Buyer's Agent in 2012

    Maurice Douglas

    KAIZEN Realty, LLC

    (901) 335-9066

    1 Total Sale

    Maurice Douglas
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3239193

Memphis Area Association of REALTORS®

APN: D0-135-0-0069

Tennessee Shelby County Memphis 38127

2540 Rust Ave, Memphis, TN

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