NOT LISTED FOR SALE

Estimated Value: $57,000 - $118,000

2 Beds
1 Bath
1,200-1,399 Sq Ft
$60/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $39,450 $28 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $490/month

44 Days on Market

About This Home

As of March 2021

Attention investors! Check out this cash flowing investment opportunity. This property is already occupied and cash flowing for $595/Month with a lease expiring on 3/29/2021. Do not disturb the tenants; no inspections until under contract. Make your offer contingent upon your inspection. Photos are taken before the tenants moved in.

Last Listed By

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 01/20/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $336

Year Built

  • Built in 1947

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x145

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,226 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Mitchell Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052083 00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$336

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Detached Unit Type: General Residential
  • MLS Map #: 751A
  • MAAR Subdivision Name: MITCHELL HEIGHTS
  • List Price Per Sq Ft: 37
  • Number Of Stories: 1
  • Price Per Sq Ft: 32.18
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1226
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1

Lot Info

  • Lot Number: 50
  • Acreage: 0.16
  • Lot Size: 50X145
  • Price Per Acre: 280625

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 052083 00006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2021
Closed on
Mar 12, 2021
Sold by
Wright Bros Realty Llc
Bought by
Bunch Maria
Seller's Agent
Dean Harris
CrestCore Realty MphsBrokerage
Buyer's Agent
George Merryfield
Leco Realty, Inc.
List Price
$44,900
Sold Price
$39,450
Premium/Discount to List
-$5,450
-12.14%
Total Days on Market
44
Current Estimated Value
$83,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,983
Avg. Annual Appreciation
19.00%

Purchase Details

Closed on
Mar 10, 2005
Sold by
Hadley Justin and Young James Hamil
Bought by
Young James Hamil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
5.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 30, 2004
Sold by
Nunnally William Falkner and Nunnally Robert Wayne
Bought by
Hadley Justin and Young James Hamil

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
Bunch Maria $82,000 Local Title Llc
Young James Hamil -- Title Enterprise Svcs Co Llc
Hadley Justin $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young James Hamil $43,051
Previous Owner Young James H $52,000
Previous Owner Young James H $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $39,450 -12.1% $33 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $44,900 -- $37 / 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
2024 $336 $9,900 $1,125 $8,775
2023 $603 $9,900 $1,125 $8,775
2022 $603 $9,900 $1,125 $8,775
2021 $342 $9,900 $1,125 $8,775
2020 $184 $5,750 $1,125 $4,625
2019 $184 $5,750 $1,125 $4,625
2018 $184 $5,750 $1,125 $4,625
2017 $188 $5,750 $1,125 $4,625
2016 $259 $5,925 $0 $0
2014 $259 $5,925 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10092086

Memphis Area Association of REALTORS®

APN: 05-2083-0-0006