NOT LISTED FOR SALE

2562 Monette Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $88,000 - $111,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$69/Sq Ft Est. Value

Last Sold October 11, 2021

Last sale price $54,500 $39 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $581/month

80 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Partially Carpeted
  • Separate Formal Living Room
  • Dining Room
  • Level Lot

About This Home

As of October 2021

Great opportunity for investors to add to their portfolio. Section 8 tenant occupied home in vibrant area. Rent is currently 500.00 which is lower than the average rent for the area. Tenants rights. Showings will be subject to accepted offer.

Last Agent to Sell the Property

Demetris Mays-Graham

C21 Patterson & Assoc. Real Es License #243040 Listed on: 06/21/2021

C21 Patterson & Assoc. Real Es

Co-Listed By

Kandee Barnes-Cooper

United Real Estate Mid South License #264062

Last Buyer's Agent

Demetris Mays-Graham

C21 Patterson & Assoc. Real Es License #243040 Listed on: 06/21/2021

C21 Patterson & Assoc. Real Es

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $458

Year Built

  • Built in 1965

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 91x134
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,200 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Dining Room
  • Partially Carpeted
  • Iron Doors
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Garage
  • Front Facing Garage

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Oak Grove Park Re Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072068 00015C

Home Details

Home Type

Single Family

Est. Annual Taxes

$458

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 727B
  • MAAR Subdivision Name: OAK GROVE PARK
  • List Price Per Sq Ft: 53
  • Number Of Stories: 1
  • Price Per Sq Ft: 45.42
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1200
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 3 Description: Level 1, Carpet
  • Bedroom 4 Description: Level 1, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 1
  • Equipment: Range/Oven
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1
  • 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: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Electric Water Heater

Lot Info

  • Lot Description: Level
  • Lot Number: 198 and PT
  • Acreage: 0.29
  • Lot Size: 91X134
  • Price Per Acre: 220690

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 072068 00015C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Oct 11, 2021
Sold by
Tm Investment Properties Llc
Bought by
Elevation Apartments Llc
Seller's Agent
Demetris Mays-Graham
C21 Patterson & Assoc. Real Es
Buyer's Agent
Demetris Mays-Graham
C21 Patterson & Assoc. Real Es
List Price
$68,000
Sold Price
$54,500
Premium/Discount to List
-$13,500
-19.85%
Total Days on Market
80
Current Estimated Value
$97,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,639
Avg. Annual Appreciation
17.06%

Purchase Details

Closed on
Aug 20, 2020
Sold by
Pugh Mark E and Pugh Timothy L
Bought by
Tm Investment Properties Llc

Purchase Details

Closed on
Apr 10, 2003
Sold by
Citifinancial Mortgage Co Inc
Bought by
Pugh Mark E and Pugh Timothy L

Purchase Details

Closed on
Jan 2, 2003
Sold by
Perry Robert L
Bought by
Citifinancial Mortgage Co Inc
Source: Public Records

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Range of Values:

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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
Elevation Apartments Llc $218,000 None Available
Tm Investment Properties Llc -- None Available
Pugh Mark E $30,000 Edco Title & Closing Service
Citifinancial Mortgage Co Inc $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pugh Timothy $46,500
Previous Owner Perry Ii Robert L $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2021 10/11/21 Sold $54,500 -14.8% $45 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
08/10/2021 08/10/21 Price Changed $64,000 -5.9% $53 / Sq Ft
06/21/2021 06/21/21 For Sale $68,000 -- $57 / 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 $458 $24,325 $2,375 $21,950
2024 $458 $13,500 $1,900 $11,600
2023 $822 $13,500 $1,900 $11,600
2022 $822 $13,500 $1,900 $11,600
2021 $366 $13,500 $1,900 $11,600
2020 $806 $11,125 $1,900 $9,225
2019 $356 $11,125 $1,900 $9,225
2018 $356 $11,125 $1,900 $9,225
2017 $364 $11,125 $1,900 $9,225
2016 $418 $9,575 $0 $0
2014 $418 $12,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Demetris Mays-Graham

    Seller's Agent in 2021

    Demetris Mays-Graham

    C21 Patterson & Assoc. Real Es

    (901) 406-0398

    17 in this area

    44 Total Sales

    Demetris Mays-Graham
    Section Image

  • K

    Seller Co-Listing Agent in 2021

    Kandee Barnes-Cooper

    United Real Estate Mid South

    (901) 831-7511

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10102183

Memphis Area Association of REALTORS®

APN: 07-2068-0-0015C

Tennessee Shelby County Memphis 38127 Frayser

2562 Monette Ave, Memphis, TN

This home is located at 2562 Monette Ave, Memphis, TN 38127 since 21 June 2021 and is currently estimated at $97,139, approximately $69 per square foot. This property was built in 1965. 2562 Monette Ave is a home located in Shelby County with nearby schools including Lucie E. Campbell Elementary School, Grandview Heights Middle, and Trezevant High School.

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