NOT LISTED FOR SALE

3117 Faxon Ave Unit 3117/3119 Memphis, TN 38112

Binghampton Neighborhood

Estimated Value: $56,000 - $127,000

1 Bed
1 Bath
1,310 Sq Ft
$72/Sq Ft Est. Value

Last Sold December 28, 2023

Last sale price $34,000 $26 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $534/month

50 Days on Market

About This Home

As of December 2023

Great addition to any rental portfolio. 2-unit duplex with two 1 bed 1 bath units. Needs some TLC, including new front doors. Doors and windows boarded up currently. Property is vacant and available for inspection. Being sold AS/IS and the seller prefers offers with no inspection contingencies. Will need to unscrew plywood at front door to enter. Please replace the plywood when finished. No assignments. No wholesalers.

Last Agent to Sell the Property

Corwyn Smith

Harvest Realty License #362720 Listed on: 10/20/2023

Last Buyer's Agent

Monica Mauricio

REMAX Experts License #273318

REMAX Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x123

Home Design

  • Duplex

Interior Spaces

  • 1,310 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen

Community Details

  • Hillcrest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052094 00005

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • MAAR Subdivision Name: HILLCREST
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 1310
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Lot Info

  • Lot Number: 49
  • Acreage: 0.14
  • Lot Size: 50X123

Tax Info

  • Assessor Parcel Number: 052094 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Dec 18, 2023
Sold by
Kenn T Ishida Trust
Bought by
Zamora Denis and Zamora Columba Torres
Seller's Agent
Corwyn Smith
Harvest Realty
Buyer's Agent
Monica Mauricio
REMAX Experts
List Price
$39,000
Sold Price
$34,000
Premium/Discount to List
-$5,000
-12.82%
Views
98
Current Estimated Value
$94,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,469
Avg. Annual Appreciation
67.55%

Purchase Details

Closed on
Mar 12, 2019
Sold by
Task Melissa R
Bought by
Ishida Kenn Toshio and Kenn T Ishida Trust

Purchase Details

Closed on
Feb 19, 1999
Sold by
Reggie Jennings
Bought by
Russell Melissa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,869
Interest Rate
6.79%
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
Zamora Denis $34,000 Regency Title & Escrow
Ishida Kenn Toshio $20,000 Closetrak Closing & Ttl Svcs
Russell Melissa R $47,500 --
Russell Melissa R $47,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russell Melissa R $36,869
Closed Russell Melissa R $9,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2023 12/28/23 Sold $34,000 -2.6% $26 / Sq Ft
12/09/2023 12/09/23 Pending -- -- --
12/08/2023 12/08/23 Price Changed $34,900 -10.5% $27 / Sq Ft
11/29/2023 11/29/23 For Sale $39,000 0.0% $30 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/06/2023 11/06/23 For Sale $39,000 0.0% $30 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $39,000 -- $30 / 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 $442 $18,320 $3,600 $14,720
2024 $442 $13,040 $1,800 $11,240
2023 $794 $13,040 $1,800 $11,240
2022 $794 $13,040 $1,800 $11,240
2021 $450 $13,040 $1,800 $11,240
2020 $956 $13,200 $1,800 $11,400
2019 $497 $15,560 $1,800 $13,760
2018 $497 $15,560 $1,800 $13,760
2017 $509 $15,560 $1,800 $13,760
2016 $797 $18,240 $0 $0
2014 $797 $18,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Corwyn Smith

    Harvest Realty

    Section Image
  • Monica Mauricio

    Buyer's Agent in 2023

    Monica Mauricio

    RE/MAX

    (901) 262-3838

    6 in this area

    131 Total Sales

    Monica Mauricio
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10159281

Memphis Area Association of REALTORS®

APN: 05-2094-0-0005

Tennessee Shelby County Memphis 38112 Binghampton

3117 Faxon Ave Unit 3117/3119, Memphis, TN

Not Listed for Sale

MultiFamily

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