NOT LISTED FOR SALE

2585 Dakar Ave Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $60,000 - $90,000

3 Beds
1 Bath
877 Sq Ft
$86/Sq Ft Est. Value

Sale Details

Date Sold: January 20, 2021

Last sale price $45,500 $52 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $436 / mo

106 Days on Market

About This Home

As of January 2021

Investment Opportunity! This property is located East of Hwy 51 in 38127 which is a solid investment area. It is already occupied with a tenant paying $578/Month in rent with a lease expiring on 7/31/2021. Don't miss out on this cash flowing opportunity. Do not disturb the tenants, no showings until under contract.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 10/01/2020

Last Buyer's Agent

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 10/01/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x110

Interior Spaces

  • 877 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Ridgegrove Blk B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 071056 00012

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: RIDGEGROVE BLK B
  • List Price Per Sq Ft: 63
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 877
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 0-999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1

Lot Info

  • Lot Number: 181
  • Acreage: 0.12
  • Lot Size: 50X110

Tax Info

  • Assessor Parcel Number: 071056 00012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Jan 20, 2021
Sold by
Bought by
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$59,900
Sold Price
$45,500
Premium/Discount to List
-$14,400
-24.04%
Current Estimated Value
$75,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,833
Avg. Annual Appreciation
9.75%
Original Mortgage
$45,800
Outstanding Balance
$40,470
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$34,863

Purchase Details

Closed on
Jul 22, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,190
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2017
Sold by
Bought by

Purchase Details

Closed on
May 6, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2003
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$45,500 None Available
$57,000 Rudy Title & Escrow Llc
$24,000 Rudy Title And Escrow Llc
-- None Available
$24,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $45,800
Previous Owner $92,190
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/20/2021 01/20/21 Sold $45,500 -17.1% $52 / Sq Ft
10/13/2020 10/13/20 Price Changed $54,900 -8.3% $63 / Sq Ft
10/01/2020 10/01/20 For Sale $59,900 -- $68 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $387 $14,400 $1,375 $13,025
2024 $329 $9,700 $1,250 $8,450
2023 $591 $9,700 $1,250 $8,450
2022 $591 $9,700 $1,250 $8,450
2021 $598 $9,700 $1,250 $8,450
2020 $529 $7,300 $1,250 $6,050
2019 $233 $7,300 $1,250 $6,050
2018 $233 $7,300 $1,250 $6,050
2017 $239 $7,300 $1,250 $6,050
2016 $330 $7,550 $0 $0
2014 $330 $7,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dean Harris

    Seller's Agent in 2021

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    210 in this area

    1,379 Total Sales

    Dean Harris
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10086025

Memphis Area Association of REALTORS®

APN: 07-1056-0-0012

Tennessee Shelby County Memphis 38127 Frayser

2585 Dakar Ave, Memphis, TN

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