$120,000
SOLD DEC 9, 2024

2583 Malone Ave Memphis, TN 38114

Southeast Memphis Neighborhood
4 Beds
2 Baths
1,200-1,399 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$86 Per Sq Ft

1% Below List Price

4 Days on Market

Highlights

  • Traditional Architecture
  • Partially Carpeted
  • 1-Story Property
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of December 2024

Terrific opportunity. Investors only. Tenant occupied cash flowing home. Professionally managed. Lease and ledger are available upon request. Currently rented for $1095/mo. Lease ends 10/31/25 Professionally managed. Roof and HVAC replaced in 2022.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 11/04/2024

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Monica Bynum

Crye-Leike, Inc., REALTORS License #343193

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $648

Year Built

  • Built in 2002

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 51x153
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,261 Sq Ft Home
  • 1-Story Property
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • La Belle Heights Blk 113 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 047056 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$648

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 757E
  • MAAR Subdivision Name: BETHEL GROVE
  • Number Of Stories: 1
  • Price Per Sq Ft: 95.16
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1261
  • Year Built: 2002
  • List Price/ Sq Ft: 96
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 4
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Living Dining Kitchen: Pantry
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Sidewalks
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 1
  • Acreage: 0.18
  • Lot Size: 51X153
  • Price Per Acre: 672222
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 047056 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2024
Closed on
Dec 9, 2024
Sold by
2583 Malone Avenue Llc
Bought by
Destefon John
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Monica Bynum
Crye-Leike, Inc., REALTORS
List Price
$121,000
Sold Price
$120,000
Premium/Discount to List
-$1,000
-0.83%
Total Days on Market
4
Views
23
Current Estimated Value
$117,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,785
Avg. Annual Appreciation
-4.77%
Original Mortgage
$84,000
Outstanding Balance
$83,636
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$33,579

Purchase Details

Closed on
Apr 8, 2022
Sold by
Tony Faris
Bought by
Zito Bonnie Jean and Zito Douglas Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,375
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2020
Closed on
Jun 19, 2020
Sold by
Memphis Investment Properties Ii Llc
Bought by
Faris Tony
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.44%
Original Mortgage
$80,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2020
Sold by
Roma Properties Llc
Bought by
Memphis Properties Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
3.74%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 20, 2011
Sold by
Troiani Cristopher D and Troiani Jill P
Bought by
Roma Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,850
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2011
Sold by
Fannie Mae
Bought by
Troiani Cristopher D and Troiani Jill P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,850
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2011
Sold by
Rodriguez Finney Rachel and Finney Gerry
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 27, 2002
Sold by
Finney Gerry
Bought by
Finney Ii Gerry and Rodriguez Finney Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,300
Interest Rate
5.99%

Purchase Details

Closed on
May 31, 2002
Sold by
County Of Shelby
Bought by
Finney Gerry
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 Type Sale Price Title Company
Warranty Deed $120,000 Memphis Title
Warranty Deed $108,500 Delta Title Services
Warranty Deed $75,000 Delta Title Services Llc
Warranty Deed $29,000 Delta Title Services Llc
Quit Claim Deed -- Fidelity Title & Escrow Inc
Corporate Deed $26,500 None Available
Trustee Deed $55,520 None Available
Interfamily Deed Transfer -- --
Quit Claim Deed $2,025 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $84,000 New Conventional
Previous Owner $81,375 New Conventional
Previous Owner $80,000 New Conventional
Previous Owner $52,000 Construction
Previous Owner $23,850 New Conventional
Previous Owner $54,300 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2024 12/09/24 Sold $120,000 -0.8% $100 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $121,000 +61.3% $101 / Sq Ft
06/22/2020 06/22/20 Sold $75,000 0.0% $63 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $75,000 -- $63 / 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 $648 $29,450 $2,450 $27,000
2024 $648 $19,125 $1,125 $18,000
2023 $1,165 $19,125 $1,125 $18,000
2022 $1,165 $19,125 $1,125 $18,000
2021 $1,179 $19,125 $1,125 $18,000
2020 $917 $12,650 $1,125 $11,525
2019 $404 $12,650 $1,125 $11,525
2018 $404 $12,650 $1,125 $11,525
2017 $414 $12,650 $1,125 $11,525
2016 $576 $13,175 $0 $0
2014 $576 $13,175 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Tapley

    Seller's Agent in 2024

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    46 in this area

    1,265 Total Sales

    Tyler Tapley
    Section Image
  • Monica Bynum

    Buyer's Agent in 2024

    Monica Bynum

    Crye-Leike, Inc., REALTORS

    (901) 833-5456

    11 in this area

    234 Total Sales

    Monica Bynum
    Section Image
  • Jim Reedy

    Seller's Agent in 2020

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    15 in this area

    481 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2020

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    15 in this area

    499 Total Sales

    Bradley Reedy
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10184524

Memphis Area Association of REALTORS®

APN: 04-7056-0-0005

Tennessee Shelby County Memphis 38114 Southeast Memphis

2583 Malone Ave, Memphis, TN

This home is located at 2583 Malone Ave, Memphis, TN 38114 and is currently priced at $120,000, approximately $85 per square foot. This property was built in 2002. 2583 Malone Ave is a home located in Shelby County with nearby schools including Bethel Grove Elementary School, Sherwood Middle, and Melrose High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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