NOT LISTED FOR SALE

3268 Powell Ave Memphis, TN 38112

Binghampton Neighborhood

Estimated Value: $111,000 - $124,593

2 Beds
1 Bath
1,595 Sq Ft
$72/Sq Ft Est. Value

Last Sold July 17, 2024

Last sale price $118,500 $74 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $684/month

102 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property

About This Home

As of July 2024

Calling all investors! This is a currently occupied Duplex here in Memphis. One side is occupied until 3.31.2025 and they are paying $660 per month. The other side is occupied until 3/31/2025 and they are paying $725 per month. This is a great opportunity for any investor to receive cashflow from day 1! All of the CAPEX items in this property were brand new in 2021. No wholesale or creative financing offers.

Last Agent to Sell the Property

Mark Hart

Reedy & Company, REALTORS License #342634 Listed on: 03/01/2024

Last Buyer's Agent

Alicia Harm

eXp Realty, LLC License #362810

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $606

Year Built

  • Built in 1959

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x145
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

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

Interior Spaces

  • 1,595 Sq Ft Home
  • 1-Story Property

Community Details

  • Pope Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038018 00018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$606

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 3270
  • MLS Map #: 751A
  • MAAR Subdivision Name: POPE
  • Number Of Stories: 1
  • Price Per Sq Ft: 74.29
  • Estimated Sq Ft: 1595
  • Year Built: 1959
  • List Price/ Sq Ft: 78
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 17
  • Acreage: 0.16
  • Lot Size: 50X145
  • Price Per Acre: 780625
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 038018 00018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Jul 16, 2024
Sold by
Casa Bosco Llc
Bought by
Mersha Mengistu Mulugeta
Seller's Agent
Mark Hart
Reedy & Company, REALTORS
Buyer's Agent
Alicia Harm
eXp Realty, LLC
List Price
$160,000
Sold Price
$118,500
Premium/Discount to List
-$41,500
-25.94%
Views
48
Current Estimated Value
$114,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,852
Avg. Annual Appreciation
-1.78%
Original Mortgage
$88,875
Outstanding Balance
$88,120
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$28,161

Purchase Details

Closed on
Oct 1, 2022
Sold by
Carpenter Kimberly Lyn
Bought by
Casa Bosco Llc

Purchase Details

Closed on
Oct 25, 2021
Sold by
Memphis Investment Properits Ii Llc
Bought by
Carpenter Kimberly Lyn and Hess David Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2020
Sold by
Johns Mary Lou
Bought by
Memphis Inv Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 30, 1996
Sold by
A P W Properties
Bought by
Johns Mary Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,050
Interest Rate
8.05%
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
Mersha Mengistu Mulugeta $118,500 Foundation Title & Escrow
Casa Bosco Llc -- Delta Title Services
Carpenter Kimberly Lyn $145,000 Delta Title Services Llc
Memphis Inv Properties Ii Llc $28,000 Delta Title Services
Johns Mary Lou $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mersha Mengistu Mulugeta $88,875
Previous Owner Carpenter Kimberly Lyn $96,000
Previous Owner Memphis Inv Properties Ii Llc $76,000
Previous Owner Johns Mary Lou $33,572
Previous Owner Johns Mary Lou $39,050
Previous Owner Johns Mary Lou $39,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2024 07/17/24 Sold $118,500 -5.1% $74 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/06/2024 06/06/24 Price Changed $124,900 -7.4% $78 / Sq Ft
05/14/2024 05/14/24 Price Changed $134,900 -6.9% $85 / Sq Ft
05/07/2024 05/07/24 Price Changed $144,900 -3.4% $91 / Sq Ft
04/25/2024 04/25/24 Price Changed $150,000 -6.3% $94 / Sq Ft
03/01/2024 03/01/24 For Sale $160,000 -- $100 / 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 $606 $45,880 $3,600 $42,280
2024 $606 $17,880 $1,800 $16,080
2023 $1,089 $17,880 $1,800 $16,080
2022 $1,089 $17,880 $1,800 $16,080
2021 $485 $17,880 $1,800 $16,080
2020 $1,406 $19,400 $1,800 $17,600
2019 $620 $19,400 $1,800 $17,600
2018 $620 $19,400 $1,800 $17,600
2017 $635 $19,400 $1,800 $17,600
2016 $940 $21,520 $0 $0
2014 $940 $21,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mark Hart

    Reedy & Company, REALTORS

    (901) 800-6693

    3 in this area

    88 Total Sales

    Section Image

  • A

    Buyer's Agent in 2024

    Alicia Harm

    eXp Realty, LLC

    (901) 860-3750

    1 in this area

    45 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10166915

Memphis Area Association of REALTORS®

APN: 03-8018-0-0018

Tennessee Shelby County Memphis 38112 Binghampton

3268 Powell Ave, Memphis, TN

This home is located at 3268 Powell Ave, Memphis, TN 38112 since 01 March 2024 and is currently estimated at $114,648, approximately $71 per square foot. This property was built in 1959. 3268 Powell Ave is a home located in Shelby County with nearby schools including Treadwell Elementary School, Treadwell Middle School, and Douglass High School.

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