NOT LISTED FOR SALE

3161 Yale Ave Memphis, TN 38112

Binghampton Neighborhood

Estimated Value: $82,000 - $106,000

4 Beds
2 Baths
1,566 Sq Ft
$57/Sq Ft Est. Value

Last Sold June 19, 2017

Last sale price $42,000 $27 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $575/month

17 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Central Heating and Cooling System
  • Some Wood Windows
  • Patio
  • Partially Carpeted

About This Home

As of June 2017

Residential Duplex! Normal sale! Cash offers only. Fully rented out and professionally managed. Corner lot. Each unit rents for $425 or $850 total. Immediate cash flow. Property has been well maintained. New tenant just moved in on 5-1-2017.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 05/02/2017

Crye-Leike, Inc., REALTORS

Co-Listed By

Meatha Haynes Tapley

Crye-Leike, Inc., REALTORS License #312020

Last Buyer's Agent

Jimmy Kennedy

KAIZEN Realty, LLC License #303950

KAIZEN Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,566 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Eastern Heights Blk M Subdivision

Listing and Financial Details

  • Assessor Parcel Number 044025 00001

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Ground Level-Single Story
  • Detached Unit Type: General Residential
  • MLS Map #: 754B
  • MAAR Subdivision Name: EASTERN HEIGHTS BLK M
  • List Price Per Sq Ft: 26
  • Number Of Stories: 1
  • Price Per Sq Ft: 26.82
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1566
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Floors/Ceilings: Part Carpet
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Porch, Patio
  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Some Trees
  • Lot Number: N PT 49
  • Acreage: 0.11
  • Lot Size: 50 X 100
  • Price Per Acre: 372727

Multi Family

  • Number Of Rooms: 8

Tax Info

  • Assessor Parcel Number: 044025 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2020
Sold by
Sloan Brett A
Bought by
Sloan Brett A and Siverts Lynn L
Current Estimated Value
$88,642

Purchase Details

Listed on
May 2, 2017
Closed on
Jun 19, 2017
Sold by
Fado Llc
Bought by
Sloan Brett A
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Jimmy Kennedy
KAIZEN Realty, LLC
List Price
$41,000
Sold Price
$42,000
Premium/Discount to List
$1,000
2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%

Purchase Details

Listed on
Jul 14, 2015
Closed on
Aug 7, 2015
Sold by
Murray Terry L
Bought by
Fado Llc
Seller's Agent
Cheryl Richmond
Heritage Homes Co.
Buyer's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
List Price
$38,000
Sold Price
$35,000
Premium/Discount to List
-$3,000
-7.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.24%

Purchase Details

Closed on
Dec 16, 2003
Sold by
Bank Of America Na
Bought by
Murray Terry L

Purchase Details

Closed on
Jun 20, 2003
Sold by
Foster Vernard and Foster Sandra D
Bought by
Bank Of America Na

Purchase Details

Closed on
Oct 28, 1999
Sold by
Allen Mario
Bought by
Foster Vernard and Foster Sandra D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
7.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 23, 1997
Sold by
Dan Walter Co Llc
Bought by
Foster Vernard and Foster Sandra
Source: Public Records

Range of Values:

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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
Sloan Brett A -- None Available
Sloan Brett A $42,000 None Available
Fado Llc $35,000 Tri State Title & Escrow Inc
Murray Terry L $21,000 Memphis Title Company
Bank Of America Na $27,900 --
Foster Vernard $7,000 --
Foster Vernard $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murray Terry L $25,550
Previous Owner Foster Vernard $36,000
Previous Owner Foster Vernard $32,561
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2017 06/19/17 Sold $42,000 +2.4% $27 / Sq Ft
05/19/2017 05/19/17 Pending -- -- --
05/02/2017 05/02/17 For Sale $41,000 +17.1% $26 / Sq Ft
08/07/2015 08/07/15 Sold $35,000 -7.9% $22 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
07/14/2015 07/14/15 For Sale $38,000 -- $24 / 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 -- $23,280 $4,400 $18,880
2024 -- $17,800 $2,400 $15,400
2023 $1,084 $17,800 $2,400 $15,400
2022 $1,084 $17,800 $2,400 $15,400
2021 $483 $17,800 $2,400 $15,400
2020 $1,087 $15,000 $2,400 $12,600
2019 $479 $15,000 $2,400 $12,600
2018 $479 $15,000 $2,400 $12,600
2017 $491 $15,000 $2,400 $12,600
2016 $612 $14,000 $0 $0
2014 $612 $26,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Tapley

    Seller's Agent in 2017

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    26 in this area

    1,237 Total Sales

    Section Image
  • Meatha Haynes Tapley

    Seller Co-Listing Agent in 2017

    Meatha Haynes Tapley

    Crye-Leike, Inc., REALTORS

    (901) 288-5582

    1 in this area

    243 Total Sales

    Section Image

  • J

    Buyer's Agent in 2017

    Jimmy Kennedy

    KAIZEN Realty, LLC

    (901) 221-4041

    2 in this area

    54 Total Sales

    Section Image

  • C

    Seller's Agent in 2015

    Cheryl Richmond

    Heritage Homes Co.

    (901) 277-0109

    7 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10001394

Memphis Area Association of REALTORS®

APN: 04-4025-0-0001

Tennessee Shelby County Memphis 38112 Binghampton

3161 Yale Ave, Memphis, TN

This home is located at 3161 Yale Ave, Memphis, TN 38112 since 02 May 2017 and is currently estimated at $89,915, approximately $57 per square foot. This property was built in 1958. 3161 Yale Ave is a home located in Shelby County with nearby schools including Brewster Elementary School, Treadwell Middle School, and Douglass High School.

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