NOT LISTED FOR SALE

2556 Lisa Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $97,000 - $130,000

3 Beds
1 Bath
1,219 Sq Ft
$91/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $85,000 $70 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $639/month

74 Days on Market

Highlights

  • Traditional Architecture
  • Patio
  • Carpet
  • No HOA
  • Central Heating and Cooling System
  • Property has 3 Levels

About This Home

As of August 2021

INVESTORS ONLY!! DO NOT DISTURB TENANT. SFH Rented for $735/month, managed by a Local Professional Management Company. Lease renews 6/30/2021. Tenant moved in 6/16/2017. Completely renovated in 2017: new roof, new AC, furnace, A-coil- repair and maintenance history available upon request. Showings only with accepted offer.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,070

Year Built

  • Built in 1972

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 69x128

Parking

  • Parking Pad

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,219 Sq Ft Home
  • Property has 3 Levels
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • St Elmo 6Th Addn Sec D Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 071048 E00061

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,070

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1972
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Building Area Units: Square Feet
  • Living Area: 1219
  • Living Area Units: Square Feet

Exterior Features

  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Pad

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size: 69X128
  • Lot Size Units: Acres
  • Parcel #: 071048 E00061
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1070
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Aug 23, 2021
Sold by
Orion Holdings Llc
Bought by
Cerberus Re Llc
List Price
$87,500
Sold Price
$85,000
Premium/Discount to List
-$2,500
-2.86%
Current Estimated Value
$111,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,110
Avg. Annual Appreciation
6.62%
Original Mortgage
$59,500
Outstanding Balance
$53,940
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$57,170

Purchase Details

Closed on
May 1, 2021
Sold by
Shin Myung
Bought by
Orion Holdings Llc

Purchase Details

Closed on
Mar 1, 2021
Sold by
Shio Myung
Bought by
Orion Holdings Llc

Purchase Details

Closed on
Jul 1, 2019
Sold by
Palmer Raymond
Bought by
Shin Myung

Purchase Details

Closed on
Jul 28, 2017
Sold by
Mid South Homebuyers Inc
Bought by
Shin Myung F and Palmer Raymond L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2017
Sold by
Matthews Bessie Jean
Bought by
Mid South Homebuyers Inc
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
Cerberus Re Llc $85,000 Saddle Creek Title Llc
Orion Holdings Llc -- None Available
Orion Holdings Llc -- None Available
Shin Myung -- None Available
Shin Myung F $64,000 Saddle Creek Title Llc
Mid South Homebuyers Inc $19,000 Saddle Creek Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cerberus Re Llc $59,500
Previous Owner Shin Myung F $51,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $85,000 -2.9% $70 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $87,500 -- $72 / Sq Ft
Source: Realtracs

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 $678 $32,425 $2,725 $29,700
2024 $678 $20,000 $2,350 $17,650
2023 $1,218 $20,000 $2,350 $17,650
2022 $1,218 $20,000 $2,350 $17,650
2021 $543 $20,000 $2,350 $17,650
2020 $1,071 $14,775 $2,350 $12,425
2019 $472 $14,775 $2,350 $12,425
2018 $472 $14,775 $2,350 $12,425
2017 $399 $12,200 $2,350 $9,850
2016 $511 $11,700 $0 $0
2014 $511 $11,700 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 3023977

Realtracs

APN: 07-1048-E0-0061

Tennessee Shelby County Memphis 38127 Frayser

2556 Lisa Ave, Memphis, TN

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