NOT LISTED FOR SALE

3197 Madrid Ave Memphis, TN 38112

Binghampton Neighborhood

Estimated Value: $77,000 - $115,000

3 Beds
1 Bath
1,200-1,399 Sq Ft
$64/Sq Ft Est. Value

Last Sold February 02, 2015

Last sale price $16,000 $11 Per Sq Ft

Est. 460% increase in value since last sale

Current estimated payment $520/month

105 Days on Market

Highlights

  • Traditional Architecture
  • Great Room
  • Porch
  • Separate Formal Living Room
  • Some Wood Windows
  • Laundry closet

About This Home

As of February 2015

Great investment opportunity! This home offers 3bedrooms & much more! Selling in as-is condition. May be purchased in a package of 10 properties or sold individually. Please contact the office for more information.

Last Agent to Sell the Property

Jessica Buffington

HelloHome License #320624 Listed on: 10/03/2014

Last Buyer's Agent

Jessica Buffington

HelloHome License #320624 Listed on: 10/03/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $354

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Vinyl Siding
  • Pier And Beam

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,350 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Great Room
  • Separate Formal Living Room
  • Dining Room
  • Attic Access Panel

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Additional Features

  • Porch
  • Cable TV Available

Community Details

  • Eastern Heights Blk O Subdivision

Listing and Financial Details

  • Assessor Parcel Number 044034 00031

Home Details

Home Type

Single Family

Est. Annual Taxes

$354

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 754B
  • MAAR Subdivision Name: EASTERN HEIGHTS BLK O
  • List Price Per Sq Ft: 13
  • Number Of Stories: 1
  • Price Per Sq Ft: 11.85
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1350
  • Year Built: 1900
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 2
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Vinyl Floor
  • Full Bathrooms: 1
  • Equipment: Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Great Room, Pantry, Washer/Dryer Connections
  • Misc Interior: Attic Access
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition, Vinyl Siding
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 81and82and
  • Acreage: 0.14
  • Lot Size: 55.63/54.50 X 111/122.63
  • Price Per Acre: 127857

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 044034 00031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2014
Closed on
Jan 20, 2015
Sold by
Pegasus Development Llc
Bought by
Blue Line Acquisitions Llc
Seller's Agent
Jessica Buffington
HelloHome
Buyer's Agent
Jessica Buffington
HelloHome
List Price
$17,900
Sold Price
$16,000
Premium/Discount to List
-$1,900
-10.61%
Current Estimated Value
$89,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,571
Avg. Annual Appreciation
17.58%

Purchase Details

Closed on
Oct 3, 2014
Sold by
The Bank Of New York Mellon
Bought by
Pegasus Development Llc

Purchase Details

Closed on
Jun 27, 2014
Sold by
Hatch Anthony and Hatch Shuntell
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 19, 2004
Sold by
Dacus Donnie
Bought by
Hatch Anthony and Hatch Shuntell

Purchase Details

Closed on
Sep 24, 2003
Sold by
The Bank Of New York
Bought by
Dacus Donnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,200
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 14, 2003
Sold by
Ervin Marlen J and Ervin Keiko
Bought by
The Bank Of New York and Eqcc Trust 2001-1F

Purchase Details

Closed on
Dec 2, 1998
Sold by
Haley Enterprises Llc
Bought by
Ervin Marlen Jeffery and Ervin Keiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.9%

Purchase Details

Closed on
Oct 30, 1998
Sold by
Longo Joseph P and Longo Faye R
Bought by
Haley Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.9%
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
Blue Line Acquisitions Llc $16,000 Multiple
Pegasus Development Llc $12,645 Accommodation
The Bank Of New York Mellon $30,000 None Available
Hatch Anthony $35,000 --
Dacus Donnie $7,000 West Tennessee Title
The Bank Of New York $30,939 --
Ervin Marlen Jeffery $50,000 Stewart Title Company
Haley Enterprises Llc $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hatch Anthony $24,145
Previous Owner Hatch Anthony $59,850
Previous Owner Hatch Anthony Todd $30,000
Previous Owner Dacus Donnie $17,200
Previous Owner Ervin Marlen Jeffery $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2015 02/02/15 Sold $16,000 -10.6% $13 / Sq Ft
01/16/2015 01/16/15 Pending -- -- --
10/03/2014 10/03/14 For Sale $17,900 -- $15 / 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 $354 $16,650 $2,750 $13,900
2024 $354 $10,450 $1,500 $8,950
2023 $637 $10,450 $1,500 $8,950
2022 $637 $10,450 $1,500 $8,950
2021 $644 $10,450 $1,500 $8,950
2020 $458 $6,325 $1,500 $4,825
2019 $458 $6,325 $1,500 $4,825
2018 $458 $6,325 $1,500 $4,825
2017 $260 $6,325 $1,500 $4,825
2016 $236 $5,400 $0 $0
2014 $236 $5,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jessica Buffington

    Seller's Agent in 2015

    Jessica Buffington

    HelloHome

    (901) 282-8443

    65 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9937322

Memphis Area Association of REALTORS®

APN: 04-4034-0-0031

Tennessee Shelby County Memphis 38112 Binghampton

3197 Madrid Ave, Memphis, TN

This home is located at 3197 Madrid Ave, Memphis, TN 38112 since 03 October 2014 and is currently estimated at $89,217, approximately $63 per square foot. This property was built in 1900. 3197 Madrid Ave is a home located in Shelby County with nearby schools including Brewster Elementary School, Treadwell Middle School, and Douglass High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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