$87,000
SOLD JUN 30, 2021
2 Beds
1 Bath
1,657 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

8% Below List Price

95 Days on Market

Highlights

  • Traditional Architecture
  • Step Saver Kitchen Design
  • Level Lot
  • Some Wood Windows
  • Hot Water Heating System
  • 1-Story Property

About This Home

As of June 2021

Here is a chance to get a brick duplex in a quickly-growing and changing part of town! Trending upwards in both prices and rents, Orange Mound is becoming well-known among investors for its popularity among tenants and potential to become the 'next big area' for investors! One side is occupied for $475 and the other is newly-occupied for $375, with the $375 side having undergone an extensive rent-ready to prep it for the new tenant. No assignable offers - they will be rejected per the seller.

Last Agent to Sell the Property

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 03/25/2021

Last Buyer's Agent

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 03/25/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $549

Year Built

  • Built in 1944

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,657 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Step Saver Kitchen Design

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • Barron Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 047070 00023

Home Details

Home Type

Single Family

Est. Annual Taxes

$549

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 2762
  • MLS Map #: 757F
  • MAAR Subdivision Name: CHEROKEE
  • Freestanding: Yes
  • List Price Per Sq Ft: 57
  • Number Of Stories: 1
  • Price Per Sq Ft: 52.5
  • Estimated Sq Ft: 1657
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Exterior Features

  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: 1 Window Unit per Unit
  • Hot Water: Gas, Individual System

Lot Info

  • Lot Description: Level
  • Lot Number: SW PT 34
  • Acreage: 0.17
  • Lot Size: 50X150
  • Price Per Acre: 558235

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 047070 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
Jun 30, 2021
Sold by
Lee Kevin Cheng Dar and Lee Living Trust
Bought by
Pham Tai
Seller's Agent
Randall Weatherall
Memphis Metro Realty
Buyer's Agent
Randall Weatherall
Memphis Metro Realty
List Price
$94,900
Sold Price
$87,000
Premium/Discount to List
-$7,900
-8.32%
Total Days on Market
95
Current Estimated Value
$112,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,189
Avg. Annual Appreciation
6.63%
Original Mortgage
$64,500
Outstanding Balance
$59,029
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$53,160

Purchase Details

Listed on
Jan 5, 2015
Closed on
Mar 20, 2015
Sold by
Bates Willie E and Bates Jo Ellen
Bought by
Lee Kevin Cheng Dar and Lee Living Trust
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$30,000
Sold Price
$25,000
Premium/Discount to List
-$5,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.00%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $87,000 Local Title Llc
Warranty Deed $25,000 Close Track Closing & Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $64,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $87,000 -8.3% $53 / Sq Ft
03/25/2021 03/25/21 For Sale $94,900 +279.6% $57 / Sq Ft
03/24/2015 03/24/15 Sold $25,000 -16.7% $15 / Sq Ft
03/16/2015 03/16/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $30,000 -- $18 / 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 $549 $35,320 $3,920 $31,400
2024 $549 $16,200 $1,600 $14,600
2023 $987 $16,200 $1,600 $14,600
2022 $987 $16,200 $1,600 $14,600
2021 $1,173 $16,200 $1,600 $14,600
2020 $991 $13,680 $1,600 $12,080
2019 $437 $13,680 $1,600 $12,080
2018 $437 $13,680 $1,600 $12,080
2017 $546 $16,680 $1,600 $15,080
2016 $766 $17,520 $0 $0
2014 $766 $17,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10095849

Memphis Area Association of REALTORS®

APN: 04-7070-0-0023