NOT LISTED FOR SALE

2723 Supreme Ave Memphis, TN 38114

Orange Mound Neighborhood

Estimated Value: $100,000 - $132,000

3 Beds
2 Baths
1,400-1,599 Sq Ft
$76/Sq Ft Est. Value

Last Sold January 23, 2023

Last sale price $123,600 $77 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $716/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • 2-minute walk to Lewis-Davis Park

About This Home

As of January 2023

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $950 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: 11/14/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $630

Year Built

  • Built in 1941

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x125
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,492 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors

Kitchen

  • Updated Kitchen
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • Fraternal Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 061033 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$630

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 757C
  • MAAR Subdivision Name: ORANGE MOUND
  • List Price Per Sq Ft: 83
  • Number Of Stories: 1
  • Price Per Sq Ft: 82.84
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1492
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Equipment: Dishwasher
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 2
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer, 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: Level
  • Lot Number: 160
  • Acreage: 0.11
  • Lot Size: 40X125
  • Price Per Acre: 1123636

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 061033 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2022
Closed on
Jan 20, 2023
Sold by
Memphis Investment Properties Iii Llc
Bought by
Jvd 1 Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$123,600
Sold Price
$123,600
Views
1
Current Estimated Value
$121,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,676
Avg. Annual Appreciation
1.41%
Original Mortgage
$98,800
Outstanding Balance
$96,023
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$32,157

Purchase Details

Closed on
Sep 29, 2022
Sold by
Smith Claretha R
Bought by
Memphis Investment Properties Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Jvd 1 Llc $123,600 Delta Title Services
Memphis Investment Properties Iii Llc $50,000 Delta Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jvd 1 Llc $98,800
Previous Owner Memphis Investment Properties Iii Llc $84,000
Previous Owner Bufford Douglass $31,413
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2023 01/23/23 Sold $123,600 0.0% $88 / Sq Ft
11/14/2022 11/14/22 Pending -- -- --
11/14/2022 11/14/22 For Sale $123,600 -- $88 / 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 $630 $31,550 $1,625 $29,925
2024 -- $18,575 $750 $17,825
2023 $1,132 $18,575 $750 $17,825
2022 $474 $7,775 $750 $7,025
2021 $563 $7,775 $750 $7,025
2020 $207 $6,475 $750 $5,725
2019 $207 $6,475 $750 $5,725
2018 $207 $6,475 $750 $5,725
2017 $212 $6,475 $750 $5,725
2016 $338 $7,725 $0 $0
2014 $338 $7,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2023

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    20 in this area

    425 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2023

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    20 in this area

    442 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10137753

Memphis Area Association of REALTORS®

APN: 06-1033-0-0005

Tennessee Shelby County Memphis 38114 Orange Mound

2723 Supreme Ave, Memphis, TN

This home is located at 2723 Supreme Ave, Memphis, TN 38114 since 14 November 2022 and is currently estimated at $121,924, approximately $76 per square foot. This property was built in 1941. 2723 Supreme Ave is a home located in Shelby County with nearby schools including Dunbar Elementary School, Sherwood Middle, and Melrose High School.

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