NOT LISTED FOR SALE

278 E Burdock Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $40,000 - $79,000

1 Bed
1 Bath
1,176 Sq Ft
$47/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $40,100 $34 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $340/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Level Lot
  • Wood Flooring
  • Brick Veneer
  • 1-Story Property

About This Home

As of June 2023

Great Investment opportunity. 1 bedroom 1 bath on each side. 278 E Burdock rents for $425.00 on a month to month lease. 280 E Burdock side is vacant. Cash Only.

Last Agent to Sell the Property

Flor Bernal

Crye-Leike, Inc., REALTORS License #338265 Listed on: 06/07/2023

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Chris Mosby

ResiAmerica, Inc. License #282881

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 81x125
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,176 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room

Flooring

  • Wood
  • Tile

Utilities

  • Electric Water Heater

Community Details

  • Rayburn Ave Blk A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 035096 00003

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Single Family Conversion
  • Style: Traditional
  • MAAR Subdivision Name: RAYBURN AVE BLK A
  • Freestanding: Yes
  • List Price Per Sq Ft: 38
  • Number Of Stories: 1
  • Estimated Sq Ft: 1176
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood, Tile

Exterior Features

  • Exterior Windows: Brick Veneer

Utilities

  • Hot Water: Electric

Lot Info

  • Lot Description: Level
  • Lot Number: 27TO29
  • Acreage: 0.1
  • Lot Size: 81X125

Rental Info

  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 035096 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Jun 23, 2023
Sold by
Orchard Grove Holdings Llc Duplex Series
Bought by
Dumas Edward E and Dumas Louise B
Seller's Agent
Flor Bernal
Crye-Leike, Inc., REALTORS
Buyer's Agent
Chris Mosby
ResiAmerica, Inc.
List Price
$45,000
Sold Price
$40,100
Premium/Discount to List
-$4,900
-10.89%
Views
26
Current Estimated Value
$54,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,464
Avg. Annual Appreciation
13.83%

Purchase Details

Closed on
Jul 5, 2017
Sold by
Delforia Properties Llc
Bought by
Orchard Grove Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 16, 2015
Closed on
Apr 23, 2015
Sold by
Epstein Segal Llc
Bought by
Mc Ventures Gp
Seller's Agent
Micah Layman
Ware Jones, REALTORS
Buyer's Agent
Micah Layman
Ware Jones, REALTORS
List Price
$15,000
Sold Price
$16,000
Premium/Discount to List
$1,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dumas Edward E $40,100 None Listed On Document
Orchard Grove Holdings Llc $888,000 Delta Title Services Llc
Mc Ventures Gp $32,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orchard Grove Holdings Llc $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2023 06/23/23 Sold $40,100 -10.9% $34 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $45,000 +28.6% $38 / Sq Ft
03/01/2016 03/01/16 Sold $35,000 0.0% $30 / Sq Ft View Prior Sale
12/29/2015 12/29/15 Pending -- -- --
12/28/2015 12/28/15 For Sale $35,000 +118.8% $30 / Sq Ft
04/29/2015 04/29/15 Sold $16,000 +6.7% $14 / Sq Ft View Prior Sale
04/23/2015 04/23/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $15,000 -- $13 / 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 -- $17,200 $2,400 $14,800
2024 -- $8,400 $1,200 $7,200
2023 $512 $8,400 $1,200 $7,200
2022 $512 $8,400 $1,200 $7,200
2021 $518 $8,400 $1,200 $7,200
2020 $930 $12,840 $1,200 $11,640
2019 $930 $12,840 $1,200 $11,640
2018 $930 $12,840 $1,200 $11,640
2017 $528 $12,840 $1,200 $11,640
2016 $411 $9,400 $0 $0
2014 $411 $11,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Flor Bernal

    Seller's Agent in 2023

    Flor Bernal

    Crye-Leike

    (901) 270-2857

    6 in this area

    206 Total Sales

    Flor Bernal
    Section Image
  • Chris Mosby

    Buyer's Agent in 2023

    Chris Mosby

    ResiAmerica, Inc.

    (901) 830-7200

    4 in this area

    441 Total Sales

    Chris Mosby
    Section Image

  • P

    Seller's Agent in 2016

    Patrick Scifres

    Fast Track Realty, LLC

  • Tina Sandoval

    Seller Co-Listing Agent in 2016

    Tina Sandoval

    Spartan REALTORS, LLC

    (901) 218-6558

    277 Total Sales

    Tina Sandoval
    Section Image
  • James Wachob

    Buyer's Agent in 2016

    James Wachob

    Foundation Property Management

    (901) 633-1484

    15 in this area

    650 Total Sales

    James Wachob
    Section Image
  • Micah Layman

    Seller's Agent in 2015

    Micah Layman

    Ware Jones, REALTORS

    (901) 634-9114

    3 in this area

    54 Total Sales

    Micah Layman
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10149626

Memphis Area Association of REALTORS®

APN: 03-5096-0-0003

Tennessee Shelby County Memphis 38106 South Memphis

278 E Burdock Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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