NOT LISTED FOR SALE
8 Beds
-- Bath
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: December 13, 2018

Last sale price $51,000

41 Days on Market

About This Home

As of December 2018

Spacious 8 unit apartment building in the heart of Memphis. Great investment opportunity. Walking distance to shopping and restaurants. Property has been cleaned out and boarded up for security. With just a little TLC, this property is cash flow ready. Each unit is 1 bedroom, 1 bath. All brick exterior. Seller has added fence for security.

Last Agent to Sell the Property

Stephen Mansour

REMAX Experts License #323281 Listed on: 10/19/2018

REMAX Experts

Last Buyer's Agent

Stephen Mansour

REMAX Experts License #323281 Listed on: 10/19/2018

REMAX Experts
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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 75 x 146.75

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Community Details

  • 8 Units
  • Rembert Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051007 00033

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0.25 Acres

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: REMBERT
  • Freestanding: Yes
  • Year Built: 1960
  • Construction: Brick
  • List Price Per Unit: 7375
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Lot Info

  • Lot Number: 25
  • Acreage: 0.25
  • Lot Size: 75 X 146.75

Tax Info

  • Assessor Parcel Number: 051007 00033

Multi Family

  • Total Number Of Units: 8
  • Type of Unit: 1 BR - 1 Bath

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
Dec 13, 2018
Sold by
Bought by
Seller's Agent
Stephen Mansour
REMAX Experts
Buyer's Agent
Stephen Mansour
REMAX Experts
List Price
$74,900
Sold Price
$51,000
Premium/Discount to List
-$23,900
-31.91%

Purchase Details

Listed on
May 15, 2015
Closed on
Jan 22, 2016
Sold by
Bought by
Seller's Agent
Cheryl McCormick
#1 Realty Group, LLC
Buyer's Agent
Fred Sengstacke
KAIZEN Realty, LLC
List Price
$50,000
Sold Price
$19,000
Premium/Discount to List
-$31,000
-62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.56%
Original Mortgage
$19,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2012
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 23, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 28, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,800
Interest Rate
7.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$51,000 None Available
$19,000 First Natl Financial Title S
$134,900 Western Title & Escrow Servi
$37,000 C & T Title
$38,000 None Available
$69,000 Realty Title & Escrow
$15,000 Chicago Title Insurance Co
$7,500 Community Equity & Title Inc
-- Equity Title & Escrow Co
$26,500 --
-- Memphis Title
-- Memphis Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $19,000
Previous Owner $93,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2018 12/13/18 Sold $51,000 -13.6% --
11/02/2018 11/02/18 Price Changed $59,000 -13.2% --
10/26/2018 10/26/18 Price Changed $68,000 -9.2% --
10/19/2018 10/19/18 For Sale $74,900 +294.2% --
01/20/2016 01/20/16 Sold $19,000 -62.0% $5 / Sq Ft View Prior Sale
10/01/2015 10/01/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $50,000 -- $13 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $689 $25,600 $13,200 $12,400
2024 -- $21,480 $8,800 $12,680
2023 $1,308 $21,480 $8,800 $12,680
2022 $1,308 $21,480 $8,800 $12,680
2021 $583 $21,480 $8,800 $12,680
2020 $1,458 $20,120 $8,800 $11,320
2019 $643 $20,120 $8,800 $11,320
2018 $643 $20,120 $8,800 $11,320
2017 $658 $20,120 $8,800 $11,320
2016 $836 $19,120 $0 $0
2014 $836 $19,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10039079

Memphis Area Association of REALTORS®
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