NOT LISTED FOR SALE

3226 Forest Brook Dr Memphis, TN 38118

Parkway Village Neighborhood

Estimated Value: $142,000 - $154,000

3 Beds
2 Baths
2,340 Sq Ft
$63/Sq Ft Est. Value

Last Sold June 09, 2018

Last sale price $53,000 $23 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $913/month

82 Days on Market

Highlights

  • Wooded Lot
  • Wood Flooring
  • 1-Story Property
  • Traditional Architecture
  • Central Heating and Cooling System

About This Home

As of June 2018

Duplex with 3 bedrooms and 2 bathrooms on EACH side!!PRICED TO SELL! Already $15k lower than anything similar -Excellent cash-flowing investment property. Price reduced $5k. Motivated seller. Undermarket Rent each side is $550/mo ($1100/mo total). Professional property management in place. This property has had over $10k in renovations, new appliances, carpet & li rent ready repairs done recently. Collect rent checks from day 1 fully occupied. 34.3% Cash on Cash return with leverage assumptions.

Last Agent to Sell the Property

Carol Scott

Tiger Realty License #252614 Listed on: 03/10/2018

Last Buyer's Agent

Carol Scott

Tiger Realty License #252614 Listed on: 03/10/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,273

Year Built

  • Built in 1970

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 64x130
  • Wooded Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,340 Sq Ft Home
  • 1-Story Property
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Partially Carpeted

Utilities

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

Community Details

  • Knightwoods Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 073041 F00031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,273

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Knight Arnold
  • Second Address Number: 3228
  • MLS Map #: 772E
  • MAAR Subdivision Name: KNIGHTWOODS
  • List Price Per Sq Ft: 27
  • Number Of Stories: 1
  • Price Per Sq Ft: 22.65
  • Estimated Sq Ft: 2340
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Estimated Entire Duplex Sq Ft: 2200-2399
  • Miscellaneous Interior: Pull Down Attic Stairs

Exterior Features

  • Misc Exterior: Separate Meters
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central, Gas
  • Hot Water: Gas

Lot Info

  • Lot Description: Wooded
  • Lot Number: 563
  • Acreage: 0.19
  • Lot Size: 64x130
  • Price Per Acre: 334211

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 073041 F00031

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2021
Sold by
Hagelbert Frank and Hagelbert Patricia
Bought by
Dobbins John
Current Estimated Value
$147,385

Purchase Details

Listed on
Mar 10, 2018
Closed on
Jun 7, 2018
Sold by
White Anthony
Bought by
Hagelberg Frank and Hagelberg Patricia
Seller's Agent
Carol Scott
Tiger Realty
Buyer's Agent
Carol Scott
Tiger Realty
List Price
$64,900
Sold Price
$53,000
Premium/Discount to List
-$11,900
-18.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.33%

Purchase Details

Closed on
Aug 15, 2017
Sold by
Greer Priya and Greer Larry
Bought by
White Anthony

Purchase Details

Closed on
Aug 16, 2012
Sold by
White Ray L and White Dorothy M
Bought by
Greer Larry

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
3.58%
Mortgage Type
Seller Take Back
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
Dobbins John $130,000 Executive Ttl & Closing Inc
Hagelberg Frank $53,000 Closetrak Closing & Title Se
White Anthony $30,000 None Available
Greer Larry $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hagelberg Frank $46,900
Previous Owner Greer Larry $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2018 06/09/18 Sold $53,000 -18.3% $23 / Sq Ft
05/31/2018 05/31/18 Pending -- -- --
03/10/2018 03/10/18 For Sale $64,900 -- $28 / 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 $1,273 $54,200 $5,200 $49,000
2024 $1,273 $37,560 $3,800 $33,760
2023 $2,288 $37,560 $3,800 $33,760
2022 $2,288 $37,560 $3,800 $33,760
2021 $1,019 $37,560 $3,800 $33,760
2020 $1,742 $24,040 $3,800 $20,240
2019 $768 $24,040 $3,800 $20,240
2018 $480 $15,025 $2,375 $12,650
2017 $492 $15,025 $2,375 $12,650
2016 $745 $17,050 $0 $0
2014 $745 $17,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Carol Scott

    Tiger Realty

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10022231

Memphis Area Association of REALTORS®

APN: 07-3041-F0-0031

Tennessee Shelby County Memphis 38118 Parkway Village

3226 Forest Brook Dr, Memphis, TN

This home is located at 3226 Forest Brook Dr, Memphis, TN 38118 since 10 March 2018 and is currently estimated at $147,385, approximately $62 per square foot. This property was built in 1970. 3226 Forest Brook Dr is a home located in Shelby County with nearby schools including Sheffield Elementary School, American Way Middle School, and Sheffield High School.

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