NOT LISTED FOR SALE

2720 Merle St Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $103,000 - $122,899

3 Beds
1 Bath
100-999 Sq Ft
$111/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $115,900 $116 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $663/month

62 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Central Heating and Cooling System
  • Traditional Architecture
  • Porch
  • Level Lot

About This Home

As of December 2023

Completely renovated home with resident moving in on a 2-year lease at $940 in year 1 and $990 in year 2. New roof, updated kitchen, bathroom & vinyl plank flooring. HVAC in new as well. Our repairs & updates make this a great investment home to maximize cash flow. Can be bought individually or part of a package of fully renovated homes. Need a Quick Sell? We are always looking to buy homes "as is" without inspection and will pay cash. Call listing agent for details.

Last Agent to Sell the Property

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 09/05/2023

Last Buyer's Agent

Andrew Akins

CB Properties of Memphis, LLC License #350853 Listed on: 09/05/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $680

Year Built

  • Built in 1955

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 59x125
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 837 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Updated Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Lamar View Subdivision

Listing and Financial Details

  • Assessor Parcel Number 073020 00024

Home Details

Home Type

Single Family

Est. Annual Taxes

$680

Year Built

Built in 1955

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
  • Number Of Stories: 1
  • Price Per Sq Ft: 138.47
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 837
  • Year Built: 1955
  • List Price/ Sq Ft: 138
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 14
  • Acreage: 0.16
  • Lot Size: 59X125
  • Price Per Acre: 724375

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 073020 00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2025
Sold by
Chaison Matthew William
Bought by
Chaison Matthew William and Chaison Jessica Constance
Current Estimated Value
$111,225

Purchase Details

Listed on
Sep 5, 2023
Closed on
Dec 8, 2023
Sold by
Memphis Turnkey Properties Gp
Bought by
Chaison Matthew William
Seller's Agent
Andrew Akins
CB Properties of Memphis, LLC
Buyer's Agent
Andrew Akins
CB Properties of Memphis, LLC
List Price
$115,900
Sold Price
$115,900
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.17%

Purchase Details

Closed on
May 25, 2023
Sold by
Parish John F and Parish Jean P
Bought by
Memphis Turnkey Properties Gp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.43%
Mortgage Type
New Conventional
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
Chaison Matthew William -- Home Surety Title
Chaison Matthew William $115,900 Home Surety Title & Escrow
Memphis Turnkey Properties Gp $48,350 Local Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Memphis Turnkey Properties Gp $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $115,900 0.0% $1,159 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $115,900 -- $1,159 / 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 $680 $28,250 $2,500 $25,750
2024 $286 $20,050 $1,750 $18,300
2023 $513 $8,425 $1,750 $6,675
2022 $513 $8,425 $1,750 $6,675
2021 $519 $8,425 $1,750 $6,675
2020 $630 $8,700 $1,750 $6,950
2019 $630 $8,700 $1,750 $6,950
2018 $630 $8,700 $1,750 $6,950
2017 $358 $8,700 $1,750 $6,950
2016 $390 $8,925 $0 $0
2014 $390 $8,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Akins

    Seller's Agent in 2023

    Andrew Akins

    CB Properties of Memphis, LLC

    (901) 277-6567

    23 in this area

    339 Total Sales

    Andrew Akins
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10162710

Memphis Area Association of REALTORS®

APN: 07-3020-0-0024

Tennessee Shelby County Memphis 38118 Parkway Village

2720 Merle St, Memphis, TN

This home is located at 2720 Merle St, Memphis, TN 38118 since 05 September 2023 and is currently estimated at $111,225, approximately $111 per square foot. This property was built in 1955. 2720 Merle 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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