NOT LISTED FOR SALE

Estimated Value: $78,000 - $115,000

2 Beds
1 Bath
100-999 Sq Ft
$94/Sq Ft Est. Value

Last Sold February 25, 2019

Last sale price $28,000 $28 Per Sq Ft

Est. 234% increase in value since last sale

Current estimated payment $523/month

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Some Wood Windows
  • Wood Flooring
  • Bonus Room
  • Storm Windows

About This Home

As of February 2019

Nice investment property near U of M. Hardwood floors, central heat and air, 2 bedrooms plus bonus room. Tenant occupied until March 8. Currently rented for $650.

Last Agent to Sell the Property

Jane Baker

Sowell, Realtors License #257949 Listed on: 02/06/2019

Last Buyer's Agent

Anthony Mannie

KAIZEN Realty, LLC License #329984

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $335

Year Built

  • Built in 1940

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50 x 160
  • Chain Link Fence
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 100-999 Sq Ft Home
  • 964 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Bonus Room
  • Wood Flooring
  • Storm Windows
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Park Ave Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 045078 00025

Home Details

Home Type

Single Family

Est. Annual Taxes

$335

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 757B
  • MAAR Subdivision Name: PARK AVE TERRACE
  • List Price Per Sq Ft: 36
  • Number Of Stories: 1
  • Price Per Sq Ft: 29.05
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 964
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 1 Bath
  • Second Story Floor Plan: Bonus Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1, Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, W/D Connection in Kitchen
  • Other Rooms: Bonus Room
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Hardwood Floor

Exterior Features

  • Misc Exterior: Chain Fence
  • Exterior Windows: Wood/Composition, Vinyl Siding, Storm Window(s)
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 36
  • Acreage: 0.18
  • Lot Size: 50 X 160
  • Price Per Acre: 194444

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 045078 00025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2019
Closed on
Feb 25, 2019
Sold by
Cunningham David L and Cunningham Marilyn K
Bought by
Salinas Construction And Investments Llc
Seller's Agent
Jane Baker
Sowell, Realtors
Buyer's Agent
Anthony Mannie
KAIZEN Realty, LLC
List Price
$35,000
Sold Price
$28,000
Premium/Discount to List
-$7,000
-20%
Current Estimated Value
$93,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,630
Avg. Annual Appreciation
19.84%
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
Salinas Construction And Investments Llc $28,000 Sure Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2019 02/25/19 Sold $28,000 -20.0% $280 / Sq Ft
02/15/2019 02/15/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $35,000 -- $350 / 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 $335 $17,000 $2,450 $14,550
2024 $335 $9,875 $1,000 $8,875
2023 $602 $9,875 $1,000 $8,875
2022 $602 $9,875 $1,000 $8,875
2021 $715 $9,875 $1,000 $8,875
2020 $563 $7,775 $1,000 $6,775
2019 $248 $7,775 $1,000 $6,775
2018 $248 $7,775 $1,000 $6,775
2017 $254 $7,775 $1,000 $6,775
2016 $334 $7,650 $0 $0
2014 $334 $7,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10045472

Memphis Area Association of REALTORS®

APN: 04-5078-0-0025