NOT LISTED FOR SALE

3312 Powell Ave Memphis, TN 38122

Berclair Neighborhood

Estimated Value: $114,000 - $136,000

2 Beds
1 Bath
2,025 Sq Ft
$62/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $110,000 $54 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $737/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Level Lot
  • Brick Veneer
  • Partially Carpeted
  • 1-Story Property

About This Home

As of December 2022

Excellent investment opportunity beating the 1% rule! Tenant occupied and cash flowing duplex. Current rents are $750 per door ($1500 total). Seller recently had new flooring, interior paint and other minor repairs done. Tenants appears to be sec 8. Professionally managed...leases, ledgers, and repair history are available. Do not approach or disturb tenants, no showings without an accepted offer. No wholesale or assignments. Financed offers welcome.

Last Agent to Sell the Property

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080 Listed on: 11/28/2022

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Jason Miller

eXp Realty, LLC License #328506

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 50x200
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 2,025 Sq Ft Home
  • 1-Story Property
  • Partially Carpeted

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Stanley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038032 00046

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MAAR Subdivision Name: STANLEY
  • Freestanding: Yes
  • List Price Per Sq Ft: 54
  • Number Of Stories: 1
  • Estimated Sq Ft: 2025
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Carpet

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Electric

Lot Info

  • Lot Description: Level
  • Lot Number: 1
  • Acreage: 0.22
  • Lot Size: 50X200

Tax Info

  • Assessor Parcel Number: 038032 00046

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2022
Closed on
Dec 20, 2022
Sold by
Boccianation Llc
Bought by
Wordoffa Zewdu
Seller's Agent
Tyler Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
Jason Miller
eXp Realty, LLC
List Price
$110,000
Sold Price
$110,000
Views
2
Current Estimated Value
$128,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,600
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Dec 6, 2021
Sold by
Giannini Paul V and Giannini Aron P
Bought by
Boccianation Llc

Purchase Details

Listed on
Jan 15, 2016
Closed on
Feb 17, 2016
Sold by
Insiders Cash Llc
Bought by
Ginninl Paul Y and Ginninl Paul Andrew
Seller's Agent
Mike Ward
Crye-Leike, Inc., REALTORS
Buyer's Agent
Adam Tullos
McWaters & Associates
List Price
$26,000
Sold Price
$20,000
Premium/Discount to List
-$6,000
-23.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.40%

Purchase Details

Closed on
Nov 24, 2014
Sold by
Equity Trust Co
Bought by
Insiders Cash Llc

Purchase Details

Closed on
Jan 14, 2013
Sold by
Dirett J Homes Solution Llc
Bought by
Equity Trust Co and Don Hartford Ira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,910
Interest Rate
3.35%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 31, 2011
Closed on
Feb 9, 2012
Sold by
Fannie Mae
Bought by
Direct J Home Solutions Llc
Seller's Agent
Rita Driver
All Stars Realty
Buyer's Agent
Jim Pickens
Lawrence Johnson, REALTORS
List Price
$22,900
Sold Price
$19,500
Premium/Discount to List
-$3,400
-14.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.32%

Purchase Details

Closed on
Oct 3, 2011
Sold by
Johnson Collin
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 13, 2008
Sold by
Makowsky Jerome B and Spira Brenda
Bought by
Johnson Collin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,350
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2008
Sold by
Makowsky Jerome B and Makowsky Mildred F
Bought by
Makowsky Jerome B and Spira Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,350
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wordoffa Zewdu $110,000 Realty Title & Escrow
Boccianation Llc $86,000 Foundation T&E Series Llc
Ginninl Paul Y $24,800 None Available
Insiders Cash Llc $40,000 None Available
Equity Trust Co $51,800 None Available
Direct J Home Solutions Llc $19,500 None Available
Federal National Mortgage Association $52,369 None Available
Johnson Collin $51,500 Home Surety Title & Escrow L
Makowsky Jerome B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Equity Trust Co $40,910
Previous Owner Johnson Collin $46,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2022 12/20/22 Sold $110,000 0.0% $54 / Sq Ft
11/30/2022 11/30/22 Pending -- -- --
11/28/2022 11/28/22 For Sale $110,000 +450.0% $54 / Sq Ft
02/19/2016 02/19/16 Sold $20,000 -23.1% $10 / Sq Ft View Prior Sale
02/05/2016 02/05/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $26,000 +33.3% $13 / Sq Ft
02/10/2012 02/10/12 Sold $19,500 -14.8% $14 / Sq Ft View Prior Sale
02/03/2012 02/03/12 Pending -- -- --
12/31/2011 12/31/11 For Sale $22,900 -- $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 $776 $43,520 $4,400 $39,120
2024 $776 $22,880 $1,800 $21,080
2023 $1,394 $22,880 $1,800 $21,080
2022 $1,394 $22,880 $1,800 $21,080
2021 $1,410 $22,880 $1,800 $21,080
2020 $1,812 $25,000 $1,800 $23,200
2019 $799 $25,000 $1,800 $23,200
2018 $799 $25,000 $1,800 $23,200
2017 $818 $25,000 $1,800 $23,200
2016 $1,084 $24,800 $0 $0
2014 $1,084 $24,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Tapley

    Seller's Agent in 2022

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    71 in this area

    1,179 Total Sales

    Tyler Tapley
    Section Image
  • Jason Miller

    Buyer's Agent in 2022

    Jason Miller

    eXp Realty, LLC

    (901) 212-4141

    5 in this area

    231 Total Sales

    Jason Miller
    Section Image
  • Mike Ward

    Seller's Agent in 2016

    Mike Ward

    Crye-Leike

    (901) 277-3869

    8 in this area

    105 Total Sales

    Mike Ward
    Section Image

  • A

    Buyer's Agent in 2016

    Adam Tullos

    McWaters & Associates

    Section Image
  • Rita Driver

    Seller's Agent in 2012

    Rita Driver

    All Stars Realty

    (901) 674-7653

    2 in this area

    37 Total Sales

    Rita Driver
    Section Image

  • J

    Buyer's Agent in 2012

    Jim Pickens

    Lawrence Johnson, REALTORS

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10138292

Memphis Area Association of REALTORS®

APN: 03-8032-0-0046

Tennessee Shelby County Memphis 38122 Berclair

3312 Powell Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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