2562 Saint Elmo Ave Memphis, TN 38127
Frayser Neighborhood
3
Beds
2
Baths
1,400-1,599
Sq Ft
0.53
Acres
Highlights
- Updated Kitchen
- Traditional Architecture
- 1 Fireplace
- 0.53 Acre Lot
- Wood Flooring
- 2-minute walk to Pickett Park
About This Home
As of July 2025RENTED FOR $1150 PERMONTH -EXCEEDS the 1% Rule- Really great 3 bedroom, 2 bath property. Long Term Tenant in soaring rental market. Current Market value $132,000, sold as is. Excellent addition to your portfolio, listing based on 1% investment rule. Home was beautifully remodeled and well maintained by long term tenant. Large 1⁄2 Acre lot, formal living and dining, fully remodeled kitchen and baths, hardwood floors and tile. Do not miss out on this cash-flowing opportunity!
Last Agent to Sell the Property
The Stamps Real Estate Company License #346958 Listed on: 01/06/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $606
Year Built
- Built in 1968
Lot Details
- 0.53 Acre Lot
- Lot Dimensions are 156x151
- Wood Fence
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
- Slab Foundation
Interior Spaces
- 1,400-1,599 Sq Ft Home
- 1,492 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Separate Formal Living Room
- Dining Room
Kitchen
- Updated Kitchen
- Eat-In Kitchen
- Breakfast Bar
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Remodeled Bathroom
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Central Heating and Cooling System
Community Details
- Brookmeade Gardens Subdivision
Listing and Financial Details
- Assessor Parcel Number 071049 00005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 6, 2025
Closed on
Jul 15, 2025
Sold by
Richardson Joy
Bought by
Sar Chakrya
Seller's Agent
Brett Bernard
The Stamps Real Estate Company
Buyer's Agent
Kimberly Simmons SRS, AHWD, ePRO
Tally Real Estate Group, LLC
List Price
$115,000
Sold Price
$110,000
Premium/Discount to List
-$5,000
-4.35%
Views
50
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-63.00%
Original Mortgage
$90,700
Outstanding Balance
$90,700
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving
Estimated Equity
$13,965
Purchase Details
Closed on
Dec 21, 2006
Sold by
Richardson Mark D
Bought by
Richardson Mark D and Richardson Joy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.1%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 29, 2006
Sold by
Britt David S and Vaughan Janice A
Bought by
Richardson Mark D
Similar Homes in Memphis, TN
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | Memphis Title Company | |
| Interfamily Deed Transfer | -- | Title Assurance & Escrow Inc | |
| Warranty Deed | $46,000 | Title Assurance & Escrow Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $90,700 | Credit Line Revolving | |
| Previous Owner | $46,900 | New Conventional | |
| Previous Owner | $68,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Sold | $110,000 | +4.8% | $79 / Sq Ft |
| 06/18/2025 06/18/25 | Pending | -- | -- | -- |
| 06/10/2025 06/10/25 | Price Changed | $105,000 | -7.8% | $75 / Sq Ft |
| 05/20/2025 05/20/25 | Price Changed | $113,900 | -1.0% | $81 / Sq Ft |
| 04/07/2025 04/07/25 | For Sale | $115,000 | 0.0% | $82 / Sq Ft |
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 03/30/2025 03/30/25 | For Sale | $115,000 | 0.0% | $82 / Sq Ft |
| 01/08/2025 01/08/25 | Pending | -- | -- | -- |
| 01/06/2025 01/06/25 | For Sale | $115,000 | -- | $82 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $606 | $29,050 | $2,875 | $26,175 |
| 2024 | $606 | $17,875 | $2,025 | $15,850 |
| 2023 | $1,089 | $17,875 | $2,025 | $15,850 |
| 2022 | $1,089 | $17,875 | $2,025 | $15,850 |
| 2021 | $1,102 | $17,875 | $2,025 | $15,850 |
| 2020 | $1,101 | $15,200 | $2,025 | $13,175 |
| 2019 | $1,101 | $15,200 | $2,025 | $13,175 |
| 2018 | $1,101 | $15,200 | $2,025 | $13,175 |
| 2017 | $625 | $15,200 | $2,025 | $13,175 |
| 2016 | $618 | $14,150 | $0 | $0 |
| 2014 | $618 | $14,150 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Brett Bernard
The Stamps Real Estate Company
(901) 692-7401
78 in this area
221 Total Sales
-
Buyer's Agent in 2025
Kimberly Simmons SRS, AHWD, ePRO
Tally Real Estate Group, LLC
(901) 463-6415
9 in this area
45 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10187602
APN: 07-1049-0-0005
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