NOT LISTED FOR SALE

2682 Carnes Ave Memphis, TN 38114

Orange Mound Neighborhood

Estimated Value: $100,000 - $114,000

2 Beds
1 Bath
1,225 Sq Ft
$88/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $50,000 $41 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $666/month

41 Days on Market

Highlights

  • Updated Kitchen
  • 1-Story Property
  • 5-minute walk to Hanley Park

About This Home

As of June 2021

Investment property! This duplex is occupied and cash flowing $499 / $350 per side respectively. This one is priced to sell and wont last long. Central location in a good investment zip code. Please 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: 04/27/2021

Last Buyer's Agent

William Haynes

Crye-Leike, Inc., REALTORS License #355990

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 41x136

Home Design

  • Duplex

Interior Spaces

  • 1,225 Sq Ft Home
  • 1-Story Property
  • Updated Kitchen

Community Details

  • East Fairgrounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 029089 00020

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • MAAR Subdivision Name: ORANGE MOUND
  • Freestanding: Yes
  • List Price Per Sq Ft: 57
  • Number Of Stories: 1
  • Estimated Sq Ft: 1225
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Lot Info

  • Lot Number: 26
  • Acreage: 0.12
  • Lot Size: 41X136

Tax Info

  • Assessor Parcel Number: 029089 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2025
Sold by
Life Spring Properties Llc
Bought by
Jhong Jocelyn
Current Estimated Value
$107,815

Purchase Details

Listed on
Apr 27, 2021
Closed on
Jun 11, 2021
Sold by
Li Benjamin
Bought by
Life Springs Properties Llc
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
William Haynes
Crye-Leike, Inc., REALTORS
List Price
$70,000
Sold Price
$50,000
Premium/Discount to List
-$20,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.14%

Purchase Details

Listed on
Jan 20, 2017
Closed on
Feb 12, 2019
Sold by
Your Home Llc Inc
Bought by
Li Benjamin
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$26,900
Sold Price
$26,000
Premium/Discount to List
-$900
-3.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.40%

Purchase Details

Closed on
Jul 14, 2014
Sold by
Bermar Associates 1 Llc
Bought by
Your Home Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,953,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2012
Sold by
L F Properties I Llc
Bought by
Bermar Associates I Llc

Purchase Details

Closed on
Apr 30, 2010
Sold by
County Of Shelby
Bought by
Nho Management Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jhong Jocelyn $110,500 Realty Title
Life Springs Properties Llc $50,000 Local Title Llc
Li Benjamin $26,000 Close Trak Closing & Title
Your Home Llc $2,050,000 None Available
Bermar Associates I Llc -- None Available
Nho Management Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Your Home Llc $2,953,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/11/2021 06/11/21 Sold $50,000 -28.6% $41 / Sq Ft
04/27/2021 04/27/21 For Sale $70,000 +169.2% $57 / Sq Ft
02/12/2019 02/12/19 Sold $26,000 -3.3% $22 / Sq Ft View Prior Sale
02/01/2019 02/01/19 Pending -- -- --
01/20/2017 01/20/17 For Sale $26,900 -- $22 / 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 -- $18,200 $2,400 $15,800
2024 -- $8,040 $1,200 $6,840
2023 $490 $8,040 $1,200 $6,840
2022 $490 $8,040 $1,200 $6,840
2021 $277 $8,040 $1,200 $6,840
2020 $939 $12,960 $1,200 $11,760
2019 $414 $12,960 $1,200 $11,760
2018 $414 $12,960 $1,200 $11,760
2017 $424 $12,960 $1,200 $11,760
2016 $315 $7,200 $0 $0
2014 $315 $7,200 $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

    32 in this area

    1,413 Total Sales

    Dean Harris
    Section Image
  • William Haynes

    Buyer's Agent in 2021

    William Haynes

    Crye-Leike, Inc., REALTORS

    (865) 454-1124

    11 in this area

    263 Total Sales

    William Haynes
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10098019

Memphis Area Association of REALTORS®

APN: 02-9089-0-0020

Tennessee Shelby County Memphis 38114 Orange Mound

2682 Carnes Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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