NOT LISTED FOR SALE

2718 Marlene St Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $97,000 - $112,070

2 Beds
1 Bath
1,000-1,199 Sq Ft
$89/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $84,900 $71 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $633/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of April 2021

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2021 standards! Target rent = $750 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 02/11/2021

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $625

Year Built

  • Built in 1956

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x132
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,128 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • Lamar View 1St Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 073021 00024

Home Details

Home Type

Single Family

Est. Annual Taxes

$625

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 771A
  • MAAR Subdivision Name: LAMAR VIEW
  • List Price Per Sq Ft: 75
  • Number Of Stories: 1
  • Price Per Sq Ft: 75.27
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1128
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Master Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Primary Bathroom Description: Tile Floor
  • Master Bedroom: Level 1
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 117
  • Acreage: 0.18
  • Lot Size: 60X132
  • Price Per Acre: 471667

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 073021 00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2021
Closed on
Apr 29, 2021
Sold by
Memphis Investment Properties Ii Llc
Bought by
Karoor Tejashree Anit and Shankar Siddharth
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$84,900
Sold Price
$84,900
Current Estimated Value
$106,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,868
Avg. Annual Appreciation
7.32%
Original Mortgage
$63,675
Outstanding Balance
$57,987
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$57,137

Purchase Details

Closed on
Jan 29, 2021
Sold by
Mitchell Christine R
Bought by
Memphis Investment 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
$78,960
Interest Rate
2.67%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 6, 2006
Sold by
Diggs Sam M
Bought by
Mitchell Christine R

Purchase Details

Closed on
Apr 4, 2006
Sold by
Hoskins Nancy Lynn
Bought by
Mitchell Christine R

Purchase Details

Closed on
Apr 3, 2006
Sold by
Dawkins Chandra Mitchell
Bought by
Mitchell Christine R
Source: Public Records

Range of Values:

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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
Karoor Tejashree Anit $84,900 Delta Title Services Llc
Memphis Investment Properties Ii Llc $25,000 Closetrak Llc
Mitchell Christine R -- None Available
Mitchell Christine R -- None Available
Mitchell Christine R -- None Available
Mitchell Christine R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karoor Tejashree Anit $63,675
Previous Owner Memphis Investment Properties Ii Llc $78,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $84,900 0.0% $85 / Sq Ft
02/11/2021 02/11/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $84,900 -- $85 / 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 $625 $27,375 $2,500 $24,875
2024 $625 $18,450 $1,750 $16,700
2023 $1,124 $18,450 $1,750 $16,700
2022 $1,124 $18,450 $1,750 $16,700
2021 $350 $10,150 $1,750 $8,400
2020 $725 $10,000 $1,750 $8,250
2019 $320 $10,000 $1,750 $8,250
2018 $320 $10,000 $1,750 $8,250
2017 $327 $10,000 $1,750 $8,250
2016 $454 $10,400 $0 $0
2014 $454 $10,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2021

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    426 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2021

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    26 in this area

    443 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10093560

Memphis Area Association of REALTORS®

APN: 07-3021-0-0024

Tennessee Shelby County Memphis 38118 Parkway Village

2718 Marlene St, Memphis, TN

This home is located at 2718 Marlene St, Memphis, TN 38118 since 11 February 2021 and is currently estimated at $106,768, approximately $89 per square foot. This property was built in 1956. 2718 Marlene St is a home located in Shelby County with nearby schools including Getwell Elementary School, American Way Middle School, and Sheffield High School.

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