NOT LISTED FOR SALE

2542 Union Ave Memphis, TN 38112

Chickasaw Gardens Neighborhood

Estimated Value: $201,000 - $291,137

2 Beds
2 Baths
1,752 Sq Ft
$130/Sq Ft Est. Value

Last Sold January 28, 2015

Last sale price $135,000 $77 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,290/month

24 Days on Market

Highlights

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

About This Home

As of January 2015

This midtown duplex is one of a kind. The units are 2 bedroom 2 baths. The scheduled monthly rents are $1250 per month. One tenant at $400/mo has 2.6 years left on lease.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 12/12/2014

Crye-Leike Commercial

Last Buyer's Agent

Rebecca Bell-Taylor

Legendary Realty License #57550

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $679

Year Built

  • Built in 1942

Lot Details

  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,752 Sq Ft Home
  • 1-Story Property

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Alicia Park Blk 9 Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 028047 00033

Home Details

Home Type

Single Family

Est. Annual Taxes

$679

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: ALICIA
  • Second Address Number: 2544
  • MLS Map #: 746E
  • MAAR Subdivision Name: ALICIA PARK BLK 9
  • Freestanding: Yes
  • List Price Per Sq Ft: 80
  • Number Of Stories: 1
  • Price Per Sq Ft: 77.05
  • Estimated Sq Ft: 1752
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding), Dishwasher, Microwave
  • Estimated Entire Duplex Sq Ft: 2200-2399

Exterior Features

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

Garage/Parking

  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: E PT 13
  • Lot Size: 55.82 X 172.4/171.5

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 028047 00033

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2014
Closed on
Jan 28, 2015
Sold by
Broadmoor Investment Corp
Bought by
Deberry Taurus
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Rebecca Bell-Taylor
Legendary Realty
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%
Current Estimated Value
$228,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,034
Avg. Annual Appreciation
5.31%
Original Mortgage
$132,554
Interest Rate
3.75%
Mortgage Type
FHA
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
Deberry Taurus $135,000 Ppreferred Title & Escrow Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deberry Taurus $126,750
Closed Deberry Taurus $132,554
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2015 01/28/15 Sold $135,000 -3.6% $77 / Sq Ft
01/05/2015 01/05/15 Pending -- -- --
12/12/2014 12/12/14 For Sale $140,000 -- $80 / 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 $679 $40,650 $7,500 $33,150
2024 $679 $20,025 $4,750 $15,275
2023 $1,220 $20,025 $4,750 $15,275
2022 $1,220 $20,025 $4,750 $15,275
2021 $1,234 $20,025 $4,750 $15,275
2020 $1,341 $18,500 $4,750 $13,750
2019 $1,341 $18,500 $4,750 $13,750
2018 $1,341 $18,500 $4,750 $13,750
2017 $760 $18,500 $4,750 $13,750
2016 $971 $22,225 $0 $0
2014 $1,554 $35,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2015

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    88 Total Sales

    Jeffrey Moore
    Section Image
  • Rebecca Bell-Taylor

    Buyer's Agent in 2015

    Rebecca Bell-Taylor

    Legendary Realty

    (901) 949-6935

    41 Total Sales

    Rebecca Bell-Taylor
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9941652

Memphis Area Association of REALTORS®

APN: 02-8047-0-0033

Tennessee Shelby County Memphis 38112 Chickasaw Gardens

2542 Union Ave, Memphis, TN

This home is located at 2542 Union Ave, Memphis, TN 38112 since 12 December 2014 and is currently estimated at $228,034, approximately $130 per square foot. This property was built in 1942. 2542 Union Ave is a home located in Shelby County with nearby schools including Idlewild Elementary School, Sherwood Middle, and Central High School.

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