NOT LISTED FOR SALE

2909 Flora Ave Memphis, TN 38114

Southeast Memphis Neighborhood

Estimated Value: $87,276 - $105,000

2 Beds
1 Bath
787 Sq Ft
$123/Sq Ft Est. Value

Last Sold May 05, 2022

Last sale price $84,900 $108 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $574/month

Highlights

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

About This Home

As of May 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $695 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: 04/16/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $587

Year Built

  • Built in 1953

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 58x130
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 787 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 00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$587

Year Built

Built in 1953

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: 108
  • Number Of Stories: 1
  • Price Per Sq Ft: 107.88
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 787
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Primary Bedroom, 2nd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • Total Bathrooms: 1
  • 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 Sewer, Public Water

Lot Info

  • Lot Description: Level
  • Lot Number: 112
  • Acreage: 0.17
  • Lot Size: 58X130
  • Price Per Acre: 499412

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 059024 00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2022
Closed on
May 3, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Osako Shuji
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$84,900
Sold Price
$84,900
Current Estimated Value
$97,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,169
Avg. Annual Appreciation
4.12%

Purchase Details

Closed on
Sep 3, 2021
Sold by
Crawford Larry F
Bought by
Memphis Investments Properties Iiii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
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
Osako Shuji $84,900 Delta Title Services
Memphis Investments Properties Iiii Llc $43,000 Delta Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Memphis Investments Properties Iiii Llc $70,000
Previous Owner Crawford Larry F $40,669
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold $84,900 0.0% $108 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $84,900 -- $108 / 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 $587 $26,750 $2,450 $24,300
2024 $587 $17,325 $1,000 $16,325
2023 $1,055 $17,325 $1,000 $16,325
2022 $600 $9,850 $1,000 $8,850
2021 $267 $9,850 $1,000 $8,850
2020 $397 $5,475 $1,000 $4,475
2019 $175 $5,475 $1,000 $4,475
2018 $175 $5,475 $1,000 $4,475
2017 $179 $5,475 $1,000 $4,475
2016 $260 $5,950 $0 $0
2014 $260 $5,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    11 in this area

    422 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    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: 10121929

Memphis Area Association of REALTORS®

APN: 05-9024-0-0006

Tennessee Shelby County Memphis 38114 Southeast Memphis

2909 Flora Ave, Memphis, TN

This home is located at 2909 Flora Ave, Memphis, TN 38114 since 16 April 2022 and is currently estimated at $97,069, approximately $123 per square foot. This property was built in 1953. 2909 Flora 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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