NOT LISTED FOR SALE

314 W Fay Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated Value: $28,382

2 Beds
1 Bath
1,400-1,599 Sq Ft
$18/Sq Ft Est. Value

Last Sold October 25, 2018

Last sale price $18,000 $11 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $193/month

110 Days on Market

Highlights

  • Separate Formal Living Room
  • Porch
  • Bungalow
  • Corner Lot
  • Storage Room
  • Dining Room

About This Home

As of October 2018

Unique opportunity to buy a 2 BD, 1 BA home with an established business, ALEXANDER SUNDRY which is attached to the home. Appliances remaining in the house include: stove, refrigerator, chest freezer, washer and dryer- no warranties. Business equipment remains: 3 coolers, refrigerator, shelving, meat slicer- no warranties, etc. to help you get started in your business. Check out this money making opportunity-needs some TLC. SOLD AS IS, CASH. For 19,900 you get both business and house.

Last Agent to Sell the Property

Lizbeth Stimac

Crye-Leike, Inc., REALTORS License #337990 Listed on: 05/30/2018

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Lizbeth Stimac

Crye-Leike, Inc., REALTORS License #337990 Listed on: 05/30/2018

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $418

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 120 x 50
  • Chain Link Fence
  • Corner Lot
  • Few Trees

Home Design

  • Bungalow

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,400 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Separate Formal Living Room
  • Dining Room
  • Storage Room
  • Vinyl Flooring
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • On-Street Parking

Additional Features

  • Porch
  • Ground Level
  • Window Unit Cooling System

Community Details

  • Fordhurst Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$418

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Bungalow
  • Attached Unit Type: Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MLS Map #: 747A
  • MAAR Subdivision Name: Fordhurst
  • List Price Per Sq Ft: 14
  • Number Of Stories: 1
  • Price Per Sq Ft: 12.86
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1400
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Vinyl Floor
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room
  • Misc Interior: All Window Treatments, Smoke Detector(s)
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking Storage: Driveway/Pad, Storage Room(s), On-Street Parking

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Lot Description: Some Trees, Corner, Chain Fenced
  • Lot Number: 264
  • Lot Size: 120 x 50

Multi Family

  • Number Of Rooms: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2018
Closed on
Oct 25, 2018
Sold by
Alexander Bobbie J
Bought by
Siber Nook Ira 314W Fay Llc
Seller's Agent
Lizbeth Stimac
Crye-Leike, Inc., REALTORS
Buyer's Agent
Lizbeth Stimac
Crye-Leike, Inc., REALTORS
List Price
$32,500
Sold Price
$18,000
Premium/Discount to List
-$14,500
-44.62%
Current Estimated Value
$28,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,382
Avg. Annual Appreciation
6.99%
Source: Public Records

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Range of Values:

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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
Siber Nook Ira 314W Fay Llc $18,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2018 10/25/18 Sold $18,000 -9.5% $13 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
09/04/2018 09/04/18 Price Changed $19,900 -20.4% $14 / Sq Ft
07/16/2018 07/16/18 Price Changed $25,000 -23.1% $18 / Sq Ft
05/30/2018 05/30/18 For Sale $32,500 -- $23 / 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 $418 $19,120 $3,480 $15,640
2024 $418 $12,320 $3,120 $9,200
2023 $750 $12,320 $3,120 $9,200
2022 $750 $12,320 $3,120 $9,200
2021 $759 $12,320 $3,120 $9,200
2020 $893 $12,320 $3,120 $9,200
2019 $394 $12,320 $3,120 $9,200
2018 $394 $12,320 $3,120 $9,200
2017 $403 $12,320 $3,120 $9,200
2016 $538 $12,320 $0 $0
2014 $538 $12,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lizbeth Stimac

    Seller's Agent in 2018

    Lizbeth Stimac

    Crye-Leike

    (901) 552-8146

    10 Total Sales

    Lizbeth Stimac
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10028213

Memphis Area Association of REALTORS®

APN: 03-5013-0-0026

Tennessee Shelby County Memphis 38109 South Memphis

314 W Fay Ave, Memphis, TN

This home is located at 314 W Fay Ave, Memphis, TN 38109 since 30 May 2018 and is currently estimated at $28,382, approximately $17 per square foot. This property was built in 1928. 314 W Fay Ave is a home located in Shelby County with nearby schools including Riverview Middle School, Hamilton High School, and Memphis Scholars Florida Kansas.

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