NOT LISTED FOR SALE

2986 Elbert Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $82,000 - $122,000

4 Beds
2 Baths
1,700 Sq Ft
$63/Sq Ft Est. Value

Last Sold May 26, 2020

Last sale price $59,000 $35 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $605/month

87 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of May 2020

BACK ON MARKET DUE TO BUYER'S FINANCING! This duplex features two 2/2 units, 850 sq ft each side for a total of 1700 sq ft! Recently renovated on both sides, this property is bringing in a total of $1,050.00 per month. Tenants leases were renewed in November and December of 2019. DO NOT DISTURB TENANTS - contact me to coordinate a time to see.

Last Agent to Sell the Property

Ralph Harvey

List With Freedom.Com, Inc. License #338742 Listed on: 02/22/2020

List With Freedom.Com, Inc.

Last Buyer's Agent

Carolyn McAfee

The Home Partners Realty License #345734

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 43x48x43x48

Parking

  • Off-Site Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Schoolfield St Elmo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072121 B00016

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi-Family
  • MAAR Subdivision Name: SCHOOLFIELD ST ELMO
  • Freestanding: Yes
  • List Price Per Sq Ft: 38
  • Number Of Stories: 1
  • Estimated Sq Ft: 1700
  • Year Built: 1973
  • Construction: Brick/Veneer
  • List Price Per Unit: 64900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile

Exterior Features

  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Offsite/Street

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central
  • Heating Systems: Central

Lot Info

  • Lot Number: 82
  • Acreage: 0.21
  • Lot Size: 43x48x43x48

Tax Info

  • Assessor Parcel Number: 072121 B00016

Multi Family

  • Total Number Of Units: 1
  • Number Efficiency Studio Units: 1
  • Type of Unit: 4 or More Bedrooms

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2020
Closed on
May 20, 2020
Sold by
In God We Trust Investment Property Llc
Bought by
Cecato Llc
Seller's Agent
Ralph Harvey
List With Freedom.Com, Inc.
Buyer's Agent
Carolyn McAfee
The Home Partners Realty
List Price
$69,999
Sold Price
$59,000
Premium/Discount to List
-$10,999
-15.71%
Current Estimated Value
$107,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,333
Avg. Annual Appreciation
11.11%
Original Mortgage
$42,000
Interest Rate
3.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 19, 2020
Sold by
Nancy Benjamin and Nancy Virginia Lee
Bought by
In God We Trust Investment Prop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,240
Interest Rate
3.4%
Mortgage Type
Balloon

Purchase Details

Listed on
Sep 25, 2018
Closed on
Feb 7, 2019
Sold by
D & D Property Consultants Inc
Bought by
Nanney Benjamin and Nenney Virginia Lee
Seller's Agent
Carol Dupree
Crye-Leike, Inc., REALTORS
Buyer's Agent
Ashley Campbell
Advantage Property Management
List Price
$34,500
Sold Price
$33,000
Premium/Discount to List
-$1,500
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.41%

Purchase Details

Closed on
Feb 29, 2016
Sold by
Yarbrough Frances
Bought by
D And D Property Consultants Inc

Purchase Details

Closed on
Sep 2, 2013
Sold by
Kee Dale and Bell Greg
Bought by
Yarbrough Frances

Purchase Details

Closed on
Jun 3, 2002
Sold by
Haskell James H
Bought by
Haskell James M and Haskell Kathleen M

Purchase Details

Closed on
Oct 6, 2000
Sold by
Bank One National Assn
Bought by
Haskell James H and Haskell James M

Purchase Details

Closed on
May 4, 2000
Sold by
Shaw Kenneth A
Bought by
Bank One National Assn and Rfc

Purchase Details

Closed on
Feb 11, 1998
Sold by
Martinez Elizabeth
Bought by
Shaw Kenneth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,600
Interest Rate
6.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cecato Llc $59,000 Home Surety T&E Llc
In God We Trust Investment Prop Llc $47,812 None Available
Nanney Benjamin $33,000 Realty Title
D And D Property Consultants Inc -- Attorney
Yarbrough Frances -- None Available
Haskell James M -- Stewart Title
Haskell James H $17,000 --
Haskell James H $17,000 --
Bank One National Assn $24,596 --
Bank One National Assn $24,596 --
Shaw Kenneth A $47,000 Security Title
Shaw Kenneth A $47,000 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cecato Llc $42,000
Previous Owner In God We Trust Investment Prop Llc $49,240
Previous Owner Shaw Kenneth A $37,600
Closed Shaw Kenneth A $7,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2020 05/26/20 Sold $59,000 -9.1% $35 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
05/01/2020 05/01/20 Price Changed $64,900 -7.3% $38 / Sq Ft
05/01/2020 05/01/20 For Sale $69,999 0.0% $41 / Sq Ft
05/01/2020 05/01/20 Price Changed $69,999 0.0% $41 / Sq Ft
03/23/2020 03/23/20 Price Changed $69,999 0.0% $41 / Sq Ft
03/18/2020 03/18/20 Pending -- -- --
03/17/2020 03/17/20 Pending -- -- --
02/28/2020 02/28/20 Price Changed $69,999 -6.7% $41 / Sq Ft
02/22/2020 02/22/20 For Sale $75,000 +127.3% $44 / Sq Ft
02/07/2019 02/07/19 Sold $33,000 -4.3% $17 / Sq Ft View Prior Sale
01/15/2019 01/15/19 Pending -- -- --
09/25/2018 09/25/18 For Sale $34,500 -- $17 / 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 $568 $28,520 $2,400 $26,120
2024 $568 $16,760 $2,000 $14,760
2023 $1,021 $16,760 $2,000 $14,760
2022 $1,021 $16,760 $2,000 $14,760
2021 $1,033 $16,760 $2,000 $14,760
2020 $1,142 $15,760 $2,000 $13,760
2019 $504 $15,760 $2,000 $13,760
2018 $504 $15,760 $2,000 $13,760
2017 $516 $15,760 $2,000 $13,760
2016 $764 $17,480 $0 $0
2014 $764 $17,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ralph Harvey

    Seller's Agent in 2020

    Ralph Harvey

    List With Freedom.Com, Inc.

    (855) 456-4945

    6 in this area

    10,495 Total Sales

    Ralph Harvey
    Section Image

  • C

    Buyer's Agent in 2020

    Carolyn McAfee

    The Home Partners Realty

    (901) 864-1203

    5 in this area

    59 Total Sales

    Carolyn McAfee
    Section Image
  • Carol Dupree

    Seller's Agent in 2019

    Carol Dupree

    Crye-Leike

    (901) 428-8417

    15 Total Sales

    Carol Dupree
    Section Image

  • A

    Buyer's Agent in 2019

    Ashley Campbell

    Advantage Property Management

    (901) 568-9996

    6 in this area

    39 Total Sales

    Ashley Campbell
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10071433

Memphis Area Association of REALTORS®

APN: 07-2121-B0-0016

Tennessee Shelby County Memphis 38127 Frayser

2986 Elbert Dr, Memphis, TN

Not Listed for Sale

MultiFamily

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