NOT LISTED FOR SALE

2908 Elbert Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $112,000 - $138,000

2 Beds
1 Bath
885 Sq Ft
$141/Sq Ft Est. Value

Last Sold June 04, 2024

Last sale price $136,000 $154 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $697/month

33 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • 1-Story Property
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of June 2024

Amazing investment opportunity. This property offers two units, each featuring a 2 bedroom, 1 bathroom layout. Rent ready! Both sides have been updated with new flooring, fresh paint, and numerous enhancements to cater to modern living standards. Currently vacant, this duplex presents a compelling cash flow potential with market rents at $850 per side, totaling $1,700 per month. Don't miss out on this great opportunity!

Last Agent to Sell the Property

Brett Bernard

The Stamps Real Estate Company License #346958 Listed on: 04/26/2024

Last Buyer's Agent

Dean Harris

CrestCore Realty MphsBrokerage License #286759

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $392

Year Built

  • Built in 1973

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 112x137
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof

Interior Spaces

  • 885 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Tile

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Schoolfield St Elmo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072121 B00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$392

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Duplexes
  • Style: Traditional
  • Second Address Number: 2910
  • MLS Map #: 725F
  • MAAR Subdivision Name: SCHOOLFIELD ST ELMO
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 153.67
  • Estimated Sq Ft: 885
  • Year Built: 1973
  • List Price/ Sq Ft: 158
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 70
  • Acreage: 0.2
  • Lot Size: 112X137
  • Price Per Acre: 700000

Tax Info

  • Assessor Parcel Number: 072121 B00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
May 31, 2024
Sold by
Gurule Joffrey
Bought by
Sanker Arun Prem
Seller's Agent
Brett Bernard
The Stamps Real Estate Company
Buyer's Agent
Dean Harris
CrestCore Realty MphsBrokerage
List Price
$140,000
Sold Price
$136,000
Premium/Discount to List
-$4,000
-2.86%
Views
7
Current Estimated Value
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,000
Avg. Annual Appreciation
-5.97%

Purchase Details

Listed on
Apr 12, 2023
Closed on
Aug 8, 2023
Sold by
Sender Brothers & Co Llc
Bought by
Gurule Joffrey
Seller's Agent
Raven Henderson
KAIZEN Realty, LLC
Buyer's Agent
Brett Bernard
The Stamps Real Estate Company
List Price
$115,900
Sold Price
$110,000
Premium/Discount to List
-$5,900
-5.09%
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.13%

Purchase Details

Closed on
Oct 16, 2020
Sold by
Multiservices Prime Corp
Bought by
Sender Brothers & Co Llc

Purchase Details

Closed on
Oct 15, 2020
Sold by
Line Interior Desing Llc
Bought by
Multiserviees Prime Corp

Purchase Details

Closed on
Aug 30, 2019
Sold by
Multiservices Prime Corp
Bought by
Line Interior Design Llc

Purchase Details

Closed on
Aug 20, 2019
Sold by
Yasbek Two Llc
Bought by
Multiservices Prime Corp

Purchase Details

Closed on
May 5, 2017
Sold by
Multiservices Prime Corp
Bought by
Yasbek Two Llc

Purchase Details

Closed on
May 4, 2017
Sold by
County Of Shelby
Bought by
Multiservices Prime Corp

Purchase Details

Closed on
Mar 15, 2016
Sold by
Jeans Calvin
Bought by
Bribrok Investments Llc

Purchase Details

Closed on
May 23, 2006
Sold by
Memphis Investment Properties Llc
Bought by
Gray Mattie Thomas

Purchase Details

Closed on
Apr 26, 2005
Sold by
Deutsche Bank Trust Co Americas
Bought by
Memphis Investment Properties Llc

Purchase Details

Closed on
Feb 10, 2005
Sold by
Hayes Richard
Bought by
Deutsche Bank Trust Co Americas and Saxon Mortgage Services Inc

Purchase Details

Closed on
Mar 29, 1995
Bought by
Richard Hayes
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
Sanker Arun Prem $136,000 Local Title
Gurule Joffrey $110,000 Title Assurance & Escrow
Sender Brothers & Co Llc $75,000 None Available
Multiserviees Prime Corp $65,000 None Available
Line Interior Design Llc $55,000 None Available
Multiservices Prime Corp $42,000 None Available
Yasbek Two Llc $20,000 None Available
Multiservices Prime Corp $4,500 None Available
Bribrok Investments Llc $2,200 None Available
Gray Mattie Thomas $31,900 Ctc
Memphis Investment Properties Llc $21,500 West Tennessee Title
Deutsche Bank Trust Co Americas $36,975 --
Richard Hayes $16,763 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2024 06/04/24 Sold $136,000 -2.9% $154 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $140,000 +27.3% $158 / Sq Ft
08/07/2023 08/07/23 Sold $110,000 -5.1% $65 / Sq Ft View Prior Sale
05/19/2023 05/19/23 For Sale $115,900 0.0% $68 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $115,900 -- $68 / 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 $392 $52,480 $2,400 $50,080
2024 -- $11,560 $2,000 $9,560
2023 $704 $11,560 $2,000 $9,560
2022 $704 $11,560 $2,000 $9,560
2021 $712 $11,560 $2,000 $9,560
2020 $884 $12,200 $2,000 $10,200
2019 $118 $3,680 $2,000 $1,680
2018 $118 $3,680 $2,000 $1,680
2017 $0 $0 $0 $0
2016 $219 $5,000 $0 $0
2014 $829 $18,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brett Bernard

    Seller's Agent in 2024

    Brett Bernard

    The Stamps Real Estate Company

    (901) 692-7401

    80 in this area

    227 Total Sales

    Brett Bernard
    Section Image
  • Dean Harris

    Buyer's Agent in 2024

    Dean Harris

    CrestCore Realty MphsBrokerage

    (901) 619-6170

    215 in this area

    1,437 Total Sales

    Dean Harris
    Section Image
  • Raven Henderson

    Seller's Agent in 2023

    Raven Henderson

    KAIZEN Realty, LLC

    (901) 605-2218

    17 in this area

    104 Total Sales

    Raven Henderson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10171023

Memphis Area Association of REALTORS®

APN: 07-2121-B0-0004

Tennessee Shelby County Memphis 38127 Frayser

2908 Elbert Dr, Memphis, TN

This home is located at 2908 Elbert Dr, Memphis, TN 38127 since 26 April 2024 and is currently estimated at $125,000, approximately $141 per square foot. This property was built in 1973. 2908 Elbert Dr is a home located in Shelby County with nearby schools including Lucie E. Campbell Elementary School, Grandview Heights Middle, and Trezevant High School.

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