NOT LISTED FOR SALE

Estimated Value: $33,000 - $58,000

1 Bed
1 Bath
100-999 Sq Ft
8,712 Sq Ft Lot

Last Sold June 26, 2023

Last sale price $35,000 $35 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $253/month

26 Days on Market

Highlights

  • Updated Kitchen
  • Main Floor Primary Bedroom
  • Community Pool
  • Traditional Architecture
  • Separate Formal Living Room
  • Covered patio or porch

About This Home

As of June 2023

Attention investors! Check out this cash flowing investment opportunity. This first floor condo is already occupied and cash flowing for $650/Month. Do not disturb the tenants; no inspections until under contract. Make your offer contingent upon your inspection. Property is conveniently located near interstate access and restaurants.

Last Listed By

Stephanie Taylor

Sowell, Realtors License #295151 Listed on: 05/07/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $172

Year Built

  • Built in 1973

Lot Details

  • 8,712

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 679 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Vinyl Flooring
  • Iron Doors
  • Updated Kitchen

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Outdoor Features

  • Courtyard
  • Covered patio or porch

Additional Features

  • Few Trees
  • Ground Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 074090 A00049

Community Details

Overview

  • Property has a Home Owners Association
  • $170 Maintenance Fee
  • Association fees include exterior maintenance, grounds maintenance, exterior insurance, parking
  • The Hamlets Community
  • The Hamlets Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$172

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 784B
  • MAAR Subdivision Name: HAMLETS (THE)
  • Condo: Yes
  • List Price Per Sq Ft: 62
  • Number Of Stories: 1
  • Price Per Sq Ft: 51.55
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 679
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Covered Patio
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Pool Description: Neighborhood
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Parking Lot

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Courtyard
  • Condo Fees Include: Exterior Maintenance, Grounds Maintenance, Exterior Insurance, Parking
  • Condominium Association: Yes
  • Condominium Name: The HAMLETS

Fee Information

  • Monthly Maintenance Fee: 170

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: UNIT 29D
  • Acreage: 0.2
  • Price Per Acre: 210000

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 074090 A00049

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2022
Sold by
Wheeler Marcus Lee
Bought by
Wheeler Vanessa D
Total Days on Market
26
Current Estimated Value
$42,690

Purchase Details

Listed on
Aug 5, 2021
Closed on
Aug 31, 2021
Sold by
Anderson Timothy J
Bought by
Wheeler Marcus and Wheeler Vanessa
Seller's Agent
Anthony Mannie
KAIZEN Realty, LLC
Buyer's Agent
Stephanie Taylor
Sowell, Realtors
List Price
$28,000
Sold Price
$30,000
Premium/Discount to List
$2,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.66%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Memphis, TN

  • 3229 13 Colony Mall, Memphis, TN 38115

    $42,000

    • 1 Bed
    • 1 Bath
    • 100+ Sq Ft
    • 3229 13 Colony Mall
    • Memphis, TN

    INVESTOR SPECIAL! Add this long-term tenant-occupied property to your portfolio! $550/month rental income. The average rental rate of comparable condos is $750/month! So much potential! Tenant has lease in place; buyer must maintain the remainder of it. Tenant intends to stay long-term. DO NOT DISTURB TENANT.

    Sydney Carty Coldwell Banker Collins-Maury

    Section Image
  • 3246 S Mendenhall Rd Unit 3A, Memphis, TN 38115

    $34,900

    • 2 Beds
    • 2 Baths
    • 1,000+ Sq Ft
    • 3246 S Mendenhall Rd
    • Unit 3A
    • Memphis, TN

    Tenant's current rent is $1,000. Downstairs unit, Good investment opportunity, Currently occupied. Please do not disturb tenant. Sold As-is

    Cortney Lester Franchise Realty, LLC

    Section Image
  • 3439 Club Bridge Dr Unit 5, Memphis, TN 38118

    $40,000

    • 2 Beds
    • 1.5 Baths
    • 1,000+ Sq Ft
    • 3439 Club Bridge Dr
    • Unit 5
    • Memphis, TN

    This 2-bedroom, 1.5-bathroom condo is the perfect investment property! Currently tenant-occupied, generating $850/month in rental income, this unit provides immediate cash flow for investors. The condo features a functional layout with spacious bedrooms, a comfortable living space, and a convenient half-bath in addition to the full bathroom. Whether you're looking to expand your rental portfolio

    Tonja Pryor Assured Real Estate Services

    Section Image

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
Wheeler Vanessa D -- None Listed On Document
Wheeler Marcus $30,000 Sure Title Company Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $35,000 -16.7% $350 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
05/07/2023 05/07/23 For Sale $42,000 +40.0% $420 / Sq Ft
08/31/2021 08/31/21 Sold $30,000 +7.1% $44 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $28,000 +300.0% $41 / Sq Ft
09/04/2012 09/04/12 Sold $7,000 -53.3% $70 / Sq Ft
08/27/2012 08/27/12 Pending -- -- --
08/10/2012 08/10/12 For Sale $15,000 -- $150 / 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
2024 $172 $8,120 $1,520 $6,600
2023 $309 $5,075 $950 $4,125
2022 $309 $5,075 $950 $4,125
2021 $138 $5,075 $950 $4,125
2020 $277 $3,825 $950 $2,875
2019 $122 $3,825 $950 $2,875
2018 $122 $3,825 $950 $2,875
2017 $125 $3,825 $950 $2,875
2016 $248 $5,675 $0 $0
2014 $248 $5,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10147504

Memphis Area Association of REALTORS®

APN: 07-4090-A0-0049