NOT LISTED FOR SALE

Estimated Value: $307,341

9 Beds
4 Baths
4,000-4,499 Sq Ft
$68/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $242,000 $54 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,857/month

370 Days on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • Eat-In Kitchen
  • Colonial Architecture
  • Attached Garage
  • Storm Windows

About This Home

As of March 2021

Downtown Memphis Medical District - Boarding House - Steady Income - Good tenants - 9 furnished rooms - 1 year lease with weekly rent payments-shared kitchen and laundry facility. Within a mile of the new Crosstown Concourse. 2 minutes to MATA Bus line - Medical District - walk to Kroger. Don't disturb tenants.Restricted Showings. Property Showing and Inspections can occur only with accepted Offer and all funds to close are verified.

Last Agent to Sell the Property

Skip Miller

Morris Realty & Auction, LLC License #291138 Listed on: 01/17/2020

Last Buyer's Agent

Adam Watson

Keller Williams License #307518

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,092

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 50 x 180
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Home Design

  • Colonial Architecture
  • Built-Up Roof
  • Pier And Beam

Interior Spaces

  • 4,000-4,499 Sq Ft Home
  • 4,244 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Storage Room
  • Unfinished Basement
  • Partial Basement
  • Attic Access Panel

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms | 4 Main Level Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Security Gate
  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector
  • Iron Doors

Parking

  • Attached Garage
  • Driveway
  • Gated Parking
  • On-Site Parking for Rent
  • Parking Lot
  • Unassigned Parking

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Wilkerson Subdivision

Listing and Financial Details

  • Assessor Parcel Number 020093 00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,092

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Colonial
  • Detached Unit Type: General Residential
  • MLS Map #: 744G
  • MAAR Subdivision Name: WILKERSON
  • List Price Per Sq Ft: 59
  • Number Of Stories: 1
  • Price Per Sq Ft: 57.02
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 4244
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 1/2 Bath, 1 Bath
  • Second Story Floor Plan: Living Room, 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, 1/2 Bath, 1 Bath
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 4000-4499
  • Bedrooms: 9
  • Bedrooms Down: 4
  • Fireplace: Masonry, In Living Room
  • Floors/Ceilings: Hardwood Throughout, Vinyl Floor, Sprayed Ceiling
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Eat-In Kitchen, Pantry, Washer/Dryer Connections
  • Misc Interior: Attic Access, Security System, Smoke Detector(s), Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Unfinished Basement, Storage Room
  • Total Bathrooms: 2.2

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer, Stone, Storm Window(s), Storm Door(s)
  • Foundation: Conventional, Partial Basement
  • Roof: Built-Up/Flat

Garage/Parking

  • Attached Detached Parking: Attached
  • Parking Display: 0A
  • Parking Storage: Driveway/Pad, Gated Parking, Parking Lot, Unassigned Parking, Rent Parking Space

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Monitored Alarm System, Smoke Detector(s), Security Gate
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Wood Fenced, Chain Fenced
  • Lot Number: 10
  • Lot Size: 50 X 180

Multi Family

  • Number Of Rooms: 12

Tax Info

  • Assessor Parcel Number: 020093 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2020
Closed on
Mar 26, 2021
Sold by
Paris Management Llc
Bought by
Bonner Sharron L
Seller's Agent
Skip Miller
Morris Realty & Auction, LLC
Buyer's Agent
Adam Watson
Keller Williams
List Price
$250,000
Sold Price
$242,000
Premium/Discount to List
-$8,000
-3.2%
Current Estimated Value
$307,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,341
Avg. Annual Appreciation
5.16%

Purchase Details

Closed on
Dec 9, 2015
Sold by
Tri State Bank Of Memphis
Bought by
Paris Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,500
Interest Rate
4.01%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 9, 2004
Sold by
Black United Fund And Memphis Business D
Bought by
Tri & State Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,187
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 1999
Sold by
Third & Madison Co
Bought by
Black United Fund and The Memphis Business Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,771
Interest Rate
9.62%
Mortgage Type
Commercial
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
Bonner Sharron L $242,000 Closetrak Memphis
Paris Management Llc $55,000 Attorney
Tri & State Bank $55,000 None Available
Black United Fund $94,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paris Management Llc $113,700
Previous Owner Paris Management Llc $84,500
Previous Owner Black United Fund $154,187
Previous Owner Black United Fund $125,771
Previous Owner Third & Madison Company $55,954
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $242,000 -3.2% $61 / Sq Ft
01/17/2020 01/17/20 For Sale $250,000 -- $63 / 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 $2,092 $85,160 $5,920 $79,240
2024 $2,092 $61,720 $5,400 $56,320
2023 $3,760 $61,720 $5,400 $56,320
2022 $3,760 $61,720 $5,400 $56,320
2021 $4,469 $61,720 $5,400 $56,320
2020 $4,200 $57,960 $5,400 $52,560
2019 $1,812 $56,680 $5,400 $51,280
2018 $1,811 $56,680 $5,400 $51,280
2017 $1,854 $56,680 $5,400 $51,280
2016 $3,223 $73,760 $0 $0
2014 $3,223 $73,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10073880

Memphis Area Association of REALTORS®

APN: 02-0093-0-0010