NOT LISTED FOR SALE

Estimated Value: $108,000 - $145,362

3 Beds
2 Baths
1,000-1,199 Sq Ft
$106/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $81,500 $68 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $726/month

10 Days on Market

About This Home

As of July 2023

What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 06/26/2023

Last Buyer's Agent

Melissa Wilbanks

Crye-Leike, Inc., REALTORS License #277840

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $574

Year Built

  • Built in 1955

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150

Parking

  • 1 Parking Space

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,186 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Otisdale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 076040 00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$574

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 767A
  • MAAR Subdivision Name: OTISDALE
  • Number Of Stories: 1
  • Price Per Sq Ft: 68.72
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1186
  • Year Built: 1955
  • List Price/ Sq Ft: 51
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1

Lot Info

  • Lot Number: 7 & 8
  • Acreage: 0.34
  • Lot Size: 100X150
  • Price Per Acre: 176471

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 076040 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2023
Sold by
Memphis Cashflow Gp
Bought by
Sc Real Investments Llc
Current Estimated Value
$127,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,720
Outstanding Balance
$114,779
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$12,562

Purchase Details

Listed on
Jun 26, 2023
Closed on
Jul 18, 2023
Sold by
Vb One Llc
Bought by
Memphis Cashflow Gp
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
Melissa Wilbanks
Crye-Leike, Inc., REALTORS
List Price
$60,000
Sold Price
$81,500
Premium/Discount to List
$21,500
35.83%
Views
297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.38%

Purchase Details

Closed on
Dec 9, 2021
Sold by
Reed Justin Michael and Estate Ventures Llc
Bought by
Vb One Llc

Purchase Details

Closed on
Feb 4, 2021
Sold by
Reed Erica Denise
Bought by
Reed Justin Michael and Estate Ventures Llc

Purchase Details

Closed on
Apr 3, 2019
Sold by
Reed Justin M and Reed Justin
Bought by
Estate Ventures Llc

Purchase Details

Closed on
May 17, 2010
Sold by
Williford Wanda R
Bought by
Reed Justin M
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
Sc Real Investments Llc $145,900 Saddle Creek Title
Memphis Cashflow Gp $81,500 Saddle Creek Title
Vb One Llc $82,250 None Available
Reed Justin Michael -- None Available
Estate Ventures Llc -- Coventry Escrow & Ttl Co Llc
Reed Justin M $19,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sc Real Investments Llc $116,720
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2023 07/19/23 Sold $81,500 +35.8% $82 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $60,000 -- $60 / 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 $574 $25,225 $4,625 $20,600
2024 $574 $16,925 $3,350 $13,575
2023 $1,031 $16,925 $3,350 $13,575
2022 $1,031 $16,925 $3,350 $13,575
2021 $1,043 $16,925 $3,350 $13,575
2020 $975 $13,450 $3,350 $10,100
2019 $430 $13,450 $3,350 $10,100
2018 $430 $13,450 $3,350 $10,100
2017 $440 $13,450 $3,350 $10,100
2016 $601 $13,750 $0 $0
2014 $601 $13,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10150935

Memphis Area Association of REALTORS®

APN: 07-6040-0-0004