NOT LISTED FOR SALE

Estimated Value: $410,000 - $470,546

2 Beds
3 Baths
3,092 Sq Ft
$142/Sq Ft Est. Value

Last Sold August 19, 2014

Last sale price $220,000 $71 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $2,680/month

31 Days on Market

Highlights

  • Wood Flooring
  • Ceiling height of 9 feet or more
  • Wood Fence
  • Efficiency Studio
  • Ceiling Fan

About This Home

As of August 2014

Currently a Ladies Dress Shop, the property could be returned to a three home tri-plex. The 3rd Unit is an efficiency apartment which is rented month to month depending on purchaser's plans. The tenant will sign a annual lease. Please follow the pictures for possible room uses.

Last Agent to Sell the Property

Edward Sharp

McWaters & Associates License #238564 Listed on: 05/28/2014

Co-Listed By

Lee McWaters

McWaters & Associates License #234109

Last Buyer's Agent

Edward Sharp

McWaters & Associates License #238564 Listed on: 05/28/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,574

Year Built

  • Built in 1925

Lot Details

  • 9,148 Sq Ft Lot
  • Wood Fence

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 3,092 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Drapes & Rods
  • Efficiency Studio
  • Crawl Space
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Parking

  • Over 1 Space Per Unit
  • Paved Parking
  • Off-Site Parking

Utilities

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

Community Details

  • Outline Fn Pl South 28 Idlewild Place Subdivision

Listing and Financial Details

  • Tenant pays for some utilities, cable TV
  • Assessor Parcel Number 017047 00022

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,574

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MLS Map #: 746B
  • MAAR Subdivision Name: IDLEWILD PLACE
  • Freestanding: Yes
  • List Price Per Sq Ft: 77
  • Number Of Stories: 2
  • Price Per Sq Ft: 1047619.05
  • Estimated Sq Ft: 3092
  • Year Built: 1925
  • Construction: Brick, Vinyl Siding
  • List Price Per Unit: 79666.67
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Plaster, 9 Ft or More

Exterior Features

  • Foundation: Conventional/Crawl Space, Storage Area
  • Roof: Composition
  • Miscellaneous Exterior: Curbs/Gutters, Sidewalks, Dedicated Streets, Professional Landscaping, Wood Fence, Ceiling Fan(s)

Garage/Parking

  • Parking Facility: Asphalt/Blacktop, Offsite/Street, More Than 1 Per Unit

Utilities

  • Hot Water: Gas, Public Water, Public Sewer
  • Cooling Systems: 1 Window Unit per Unit, 220 Wiring
  • Heating Systems: Gas, Hot Water/Steam
  • Laundry: Connections

Association/Amenities

  • Amenities: Drapes/Curtains, Privacy Walls/Fences

Lot Info

  • Lot Number: N PT 17
  • Acreage: 0.21
  • Lot Size: 0.2152AC 50X187.5
  • Price Per Acre: 1138095
  • Improved Sq Ft: 3020

Rental Info

  • Tenant Pays: Some Utilities, Cable TV
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 017047 00022

Multi Family

  • Total Number Of Units: 3
  • Number1 Bedroom Units: 2
  • Number Efficiency Studio Units: 1
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2014
Closed on
Aug 1, 2014
Sold by
Bell Joann and Bell Joanne
Bought by
Superior Property And Management Llc
Seller's Agent
Edward Sharp
McWaters & Associates
Buyer's Agent
Edward Sharp
McWaters & Associates
List Price
$239,000
Sold Price
$220,000
Premium/Discount to List
-$19,000
-7.95%
Current Estimated Value
$438,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,137
Avg. Annual Appreciation
6.81%
Original Mortgage
$176,000
Outstanding Balance
$136,382
Interest Rate
4.16%
Mortgage Type
Commercial
Estimated Equity
$318,723

Purchase Details

Closed on
Oct 20, 2004
Sold by
Burkhart Carolyn A
Bought by
Bell Joanne

Purchase Details

Closed on
Nov 3, 1998
Sold by
Martin Arthur M
Bought by
Parsons Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,200
Interest Rate
6.58%
Mortgage Type
Commercial
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
Superior Property And Management Llc $220,000 None Available
Bell Joanne $150,000 Edco Title & Closing Service
Parsons Carolyn $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Superior Property Of Management Llc $176,000
Previous Owner Parsons Carolyn $25,200
Previous Owner Parsons Carolyn A $95,800
Closed Parsons Carolyn $4,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2014 08/19/14 Sold $220,000 -7.9% $71 / Sq Ft
06/28/2014 06/28/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $239,000 -- $77 / 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 $3,574 $121,650 $11,250 $110,400
2024 $3,574 $105,425 $6,800 $98,625
2023 $6,422 $105,425 $6,800 $98,625
2022 $6,422 $105,425 $6,800 $98,625
2021 $6,497 $105,425 $6,800 $98,625
2020 $4,893 $67,525 $6,800 $60,725
2019 $4,893 $67,525 $6,800 $60,725
2018 $4,893 $67,525 $6,800 $60,725
2017 $2,775 $67,525 $6,800 $60,725
2016 $4,158 $95,160 $0 $0
2014 $2,820 $64,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9927657

Memphis Area Association of REALTORS®

APN: 01-7047-0-0022