NOT LISTED FOR SALE

Estimated Value: $136,000 - $161,000

2 Beds
1 Bath
1,845 Sq Ft
$81/Sq Ft Est. Value

Last Sold July 30, 2012

Last sale price $18,000 $10 Per Sq Ft

Est. 732% increase in value since last sale

Current estimated payment $853/month

Highlights

  • Traditional Architecture
  • Central Heating
  • Level Lot
  • Eat-In Kitchen
  • Partially Carpeted
  • 1-Story Property

About This Home

As of July 2012

Good income producing property near U of M. 2br 1ba in each unit.

Last Agent to Sell the Property

Vanessa Marshall

BenchMark REALTORS, LLC License #268298 Listed on: 05/24/2012

Last Buyer's Agent

Kathy Newsom

BenchMark REALTORS, LLC License #258525

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $818

Year Built

  • Built in 1983

Lot Details

  • Lot Dimensions are 50 x 158
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 1,845 Sq Ft Home
  • 1-Story Property
  • Partially Carpeted
  • Eat-In Kitchen

Utilities

  • Central Heating

Community Details

  • Messick School Place Subdivision
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Assessor Parcel Number 045086 00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$818

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 757B
  • MAAR Subdivision Name: MESSICK SCHOOL PLACE
  • Corporate Own: Yes
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 9.76
  • Estimated Sq Ft: 1845
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Carpet
  • Estimated Entire Duplex Sq Ft: Not Available

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 11
  • Lot Size: 50 X 158

Tax Info

  • Assessor Parcel Number: 045086 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2012
Sold by
Mid South Home Buyer Inc
Bought by
Le Phong D
Current Estimated Value
$149,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,275
Outstanding Balance
$38,315
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$111,397

Purchase Details

Listed on
May 24, 2012
Closed on
Jul 11, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Mid South Homebuyers Inc
Seller's Agent
Vanessa Marshall
BenchMark REALTORS, LLC
Buyer's Agent
Kathy Newsom
BenchMark REALTORS, LLC
List Price
$30,000
Sold Price
$18,000
Premium/Discount to List
-$12,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.34%

Purchase Details

Closed on
May 25, 2012
Sold by
Carpenter Myron and Phipps Samuel N
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 20, 2007
Sold by
Weiss Michael D and Weiss Marcia Ann
Bought by
Phipps Samuel N and Carpenter Myron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.49%
Mortgage Type
Unknown
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
Le Phong D $73,700 None Available
Mid South Homebuyers Inc $18,000 Servicelink
Federal Home Loan Mortgage Corporation $50,750 None Available
Phipps Samuel N $65,000 American Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Phong D $55,275
Previous Owner Phipps Samuel N $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2012 07/30/12 Sold $18,000 -40.0% $10 / Sq Ft
07/09/2012 07/09/12 Pending -- -- --
05/24/2012 05/24/12 For Sale $30,000 -- $16 / 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 $818 $52,120 $3,920 $48,200
2024 $818 $24,120 $1,600 $22,520
2023 $1,469 $24,120 $1,600 $22,520
2022 $818 $24,120 $1,600 $22,520
2021 $1,487 $24,120 $1,600 $22,520
2020 $2,072 $28,600 $1,600 $27,000
2019 $2,072 $28,600 $1,600 $27,000
2018 $2,072 $28,600 $1,600 $27,000
2017 $1,175 $28,600 $1,600 $27,000
2016 $1,259 $28,800 $0 $0
2014 $1,259 $28,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3248221

Memphis Area Association of REALTORS®

APN: 04-5086-0-0017