NOT LISTED FOR SALE

2729 Central Ave Unit 1 of the 2 Memphis, TN 38111

Chickasaw Gardens Neighborhood

Estimated Value: $306,243 - $367,000

3 Beds
2 Baths
3,478 Sq Ft
$99/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $367,000 $106 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,968/month

Highlights

  • Traditional Architecture
  • Corner Lot
  • Some Wood Windows
  • Wood Flooring
  • Great Room
  • 2 Car Detached Garage

About This Home

As of November 2021

Amazing opportunity to own a duplex outside Chickasaw Gardens, between U of M and the Liberty Bowl! This houses 2 nearly identical units...each w/ 3 spacious bedrooms, 2 full baths, renovated kitchens, nice hardwood floors throughout, tile in baths, really large rooms, and each have their own covered front porch plus a shared back porch w/ storage and a 2 car detached carport. Lot is nearly 1/2 acre. Possibility of Zoning for 2 HOMES if you choose. Accepting offers contingent on viewing units.

Last Agent to Sell the Property

Kelly Cruise Henderson

Weichert, REALTORS-BenchMark License #282983 Listed on: 09/16/2021

Weichert, REALTORS-BenchMark

Last Buyer's Agent

Ashley Wisch

eXp Realty, LLC License #345883

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,675

Year Built

  • Built in 1952

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 180x100
  • Landscaped
  • Corner Lot
  • Level Lot
  • Few Trees

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,478 Sq Ft Home
  • 1.5-Story Property
  • Smooth Ceilings
  • Some Wood Windows
  • Window Treatments
  • Great Room

Kitchen

  • Free-Standing Range
  • Recirculated Exhaust Fan
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Tile

Parking

  • 2 Car Detached Garage
  • Carport
  • Driveway

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Dobson Erb Central Ave Subdivision

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,675

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Marianna
  • Second Address Number: 2731
  • MLS Map #: 754G
  • MAAR Subdivision Name: Dobson-Erb Central Ave
  • Freestanding: Yes
  • List Price Per Sq Ft: 118
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 105.52
  • Estimated Sq Ft: 3478
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling
  • Appliances Equipment: Refrigerator, Ice Maker Combination, Range/Oven (Freestanding), Dishwasher, Exhaust Fan/Vent Hood
  • Estimated Entire Duplex Sq Ft: 3400-3599
  • Miscellaneous Interior: Excl Some Window Treatmnt, Permanent Attic Stairs, Cable Wired, Cable Available

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer, Vinyl Siding, Wood Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2D
  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling, Electric Cooling
  • Heating: Central, Gas
  • Hot Water: Gas

Lot Info

  • Lot Description: Some Trees, Level, Corner, Landscaped
  • Acreage: 0.41
  • Lot Size: 180x100
  • Price Per Acre: 1000000

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Oct 28, 2021
Sold by
Monypeny Kent B
Bought by
Maon Properties Llc
Seller's Agent
Kelly Cruise Henderson
Weichert, REALTORS-BenchMark
Buyer's Agent
Ashley Wisch
eXp Realty, LLC
List Price
$410,000
Sold Price
$367,000
Premium/Discount to List
-$43,000
-10.49%
Current Estimated Value
$344,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,189
Avg. Annual Appreciation
-1.57%
Original Mortgage
$311,950
Outstanding Balance
$146,750
Interest Rate
2.88%
Mortgage Type
Commercial
Estimated Equity
$198,061

Purchase Details

Closed on
Apr 13, 2006
Sold by
Friend Jack W and Friend Lynette L
Bought by
Monypeny Kent B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
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
Maon Properties Llc $367,000 Home Surety T&E Llc
Monypeny Kent B $192,900 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maon Properties Llc $311,950
Previous Owner Monypeny Kent B $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2021 11/03/21 Sold $367,000 -10.5% $106 / Sq Ft
09/16/2021 09/16/21 For Sale $410,000 -- $118 / 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 $1,675 $121,360 $10,920 $110,440
2024 -- $49,400 $4,720 $44,680
2023 $3,009 $49,400 $4,720 $44,680
2022 $3,009 $49,400 $4,720 $44,680
2021 $1,903 $30,875 $2,950 $27,925
2020 $2,311 $31,900 $2,950 $28,950
2019 $1,020 $31,900 $2,950 $28,950
2018 $1,020 $31,900 $2,950 $28,950
2017 $1,044 $31,900 $2,950 $28,950
2016 $1,465 $33,525 $0 $0
2014 $1,465 $33,525 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kelly Cruise Henderson

    Weichert, REALTORS-BenchMark

    Section Image
  • Ashley Wisch

    Buyer's Agent in 2021

    Ashley Wisch

    eXp Realty, LLC

    (901) 361-1293

    2 in this area

    276 Total Sales

    Ashley Wisch
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10108825

Memphis Area Association of REALTORS®

APN: 04-5020-0-0003

Tennessee Shelby County Memphis 38111 Chickasaw Gardens

2729 Central Ave Unit 1 of the 2, Memphis, TN

This home is located at 2729 Central Ave Unit 1 of the 2, Memphis, TN 38111 since 16 September 2021 and is currently estimated at $344,811, approximately $99 per square foot. This property was built in 1952. 2729 Central Ave Unit 1 of the 2 is a home located in Shelby County with nearby schools including Sherwood Middle, Melrose High School, and Hanley Schoool - Middle.

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