NOT LISTED FOR SALE

2882 Montague Ave Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $74,855 - $103,000

2 Beds
1 Bath
100-999 Sq Ft
$87/Sq Ft Est. Value

Last Sold November 12, 2019

Last sale price $99,000 $99 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $504/month

Highlights

  • Updated Kitchen
  • Den
  • Tile Flooring
  • Traditional Architecture
  • Some Wood Windows
  • Central Heating and Cooling System

About This Home

As of November 2019

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2019 standards! Target rent = $595 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 09/11/2019

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $436

Year Built

  • Built in 1952

Lot Details

  • 7,405 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 845 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Den
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • Fairlawn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 059024 00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$436

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 757G
  • MAAR Subdivision Name: BETHEL GROVE
  • List Price Per Sq Ft: 83
  • Number Of Stories: 1
  • Price Per Sq Ft: 117.16
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 845
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 104
  • Acreage: 0.17
  • Lot Size: 7540
  • Price Per Acre: 411176

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 059024 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2020
Sold by
Pauley George
Bought by
Iguana Protege Tn Llc
Current Estimated Value
$86,714

Purchase Details

Listed on
Sep 11, 2019
Closed on
Nov 8, 2019
Sold by
Memphis Investment Properties Llc
Bought by
Pauley Geroge
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$59,900
Sold Price
$99,000
Premium/Discount to List
$39,100
65.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.82%
Original Mortgage
$48,231
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2013
Sold by
Jbj Properties Llc
Bought by
Memphis Investment Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 30, 2006
Sold by
Saville Alphonso F
Bought by
Jbj Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,335
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2006
Sold by
Green Tree Servicing Llc
Bought by
Wells Ii Robert H

Purchase Details

Closed on
Dec 6, 2005
Sold by
Green Tree Servicing Llc
Bought by
Wells Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
11.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 6, 2005
Sold by
Pugh Veronica Marie and Pugh Julius
Bought by
Green Tree Servicing Llc

Purchase Details

Closed on
Jul 28, 1995
Bought by
Rawlings Veronica M

Purchase Details

Closed on
Mar 16, 1995
Bought by
Jackson Helen L

Purchase Details

Closed on
Feb 16, 1995
Bought by
Bell Darrius L
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
Iguana Protege Tn Llc -- Saddle Creek Title Llc
Pauley Geroge $69,900 Delta Title Services Llc
Memphis Investment Rental Properties Llc -- None Available
Jbj Properties Llc $50,000 None Available
Saville Alphonso F $59,300 First Natl Fincl Title Svcs
Wells Ii Robert H $15,000 Associates Closing & Title H
Wells Robert $15,000 Associates Closing & Title
Green Tree Servicing Llc $30,012 --
Rawlings Veronica M $34,500 --
Jackson Helen L $9,372 --
Bell Darrius L $8,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pauley Geroge $48,231
Previous Owner Memphis Investments Rental Properties Ll $80,000
Previous Owner Jbj Properties Llc $75,000
Previous Owner Saville Alphonso F $56,335
Previous Owner Wells Robert $50,000
Previous Owner Pugh Julius $47,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2019 11/12/19 Sold $99,000 +65.3% $990 / Sq Ft
09/11/2019 09/11/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $59,900 -- $599 / 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 $436 $21,375 $2,450 $18,925
2024 $436 $12,875 $1,000 $11,875
2023 $784 $12,875 $1,000 $11,875
2022 $784 $12,875 $1,000 $11,875
2021 $444 $12,875 $1,000 $11,875
2020 $417 $5,750 $1,000 $4,750
2019 $184 $5,750 $1,000 $4,750
2018 $184 $5,750 $1,000 $4,750
2017 $188 $5,750 $1,000 $4,750
2016 $270 $6,175 $0 $0
2014 $270 $6,175 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2019

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    11 in this area

    422 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2019

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    11 in this area

    439 Total Sales

    Bradley Reedy
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10061715

Memphis Area Association of REALTORS®

APN: 05-9024-0-0014

Tennessee Shelby County Memphis 38114 Southeast Memphis

2882 Montague Ave, Memphis, TN

This home is located at 2882 Montague Ave, Memphis, TN 38114 since 11 September 2019 and is currently estimated at $86,714, approximately $86 per square foot. This property was built in 1952. 2882 Montague Ave is a home located in Shelby County with nearby schools including Cherokee Elementary School, Sherwood Middle, and Melrose High School.

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