NOT LISTED FOR SALE

341 S Parkway E Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $67,534 - $119,000

3 Beds
3 Baths
2,365 Sq Ft
$40/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2021

Last sale price $59,500 $25 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $573 / mo

32 Days on Market

About This Home

As of June 2021

Cash Flowing Triplex fully leased as of Feb 1 2121. Leases attached in mls documents folder along with the state addendums. Seller spent $6,000 in repairs in the last year. Repairs were primarily to the plumbing systems and replaced some gas lines. unit one lease expires 1/31/2122 @ $375 mo. unit two lease expires 1/31/2022 @ $450 mo. unit three lease expired 7/31/2121 @ $250 mo. SUBJECT TO INSPECTION OFFERS ONLY , ONCE ACCEPTED WE WILL SCHEDULE INSPECTION

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 04/15/2021

Last Buyer's Agent

Verna Littleton

Fast Track Realty, LLC License #274344

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • Paved Parking

Home Design

  • Triplex
  • Shingle Roof
  • Stone

Interior Spaces

  • 2,365 Sq Ft Home
  • 1.2-Story Property
  • Washer and Dryer Hookup

Utilities

  • Window Unit Cooling System
  • Floor Furnace

Community Details

  • 3 Units
  • Central Land Co Blk 7 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 034002 00003

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MAAR Subdivision Name: CENTRAL LAND CO BLK 7
  • Freestanding: Yes
  • List Price Per Sq Ft: 33
  • Number Of Stories: 1.2
  • Estimated Sq Ft: 2365
  • Year Built: 1942
  • Construction: Stone
  • List Price Per Unit: 25833.33
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Floor Furnace
  • Laundry: Connections

Lot Info

  • Lot Number: 3
  • Acreage: 0.17
  • Lot Size: 50X150

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 034002 00003

Multi Family

  • Total Number Of Units: 3
  • Type of Unit: 1 BR - 1 Bath

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jun 28, 2021
Sold by
Bought by
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
Verna Littleton
Fast Track Realty, LLC
List Price
$77,500
Sold Price
$59,500
Premium/Discount to List
-$18,000
-23.23%
Current Estimated Value
$94,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,884
Avg. Annual Appreciation
9.59%
Original Mortgage
$44,625
Outstanding Balance
$39,602
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$54,782

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jun 21, 2021
Sold by
Bought by
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
Verna Littleton
Fast Track Realty, LLC
List Price
$77,500
Sold Price
$59,500
Premium/Discount to List
-$18,000
-23.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,625
Outstanding Balance
$39,602
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$54,782

Purchase Details

Listed on
Aug 21, 2019
Closed on
Jul 15, 2020
Sold by
Bought by
Seller's Agent
Duane Kinnard
Tri-Leake Realty
Buyer's Agent
Duane Kinnard
Tri-Leake Realty
List Price
$65,000
Sold Price
$49,000
Premium/Discount to List
-$16,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.41%

Purchase Details

Listed on
Aug 21, 2019
Closed on
Jul 12, 2020
Sold by
Bought by
Seller's Agent
Duane Kinnard
Tri-Leake Realty
Buyer's Agent
Duane Kinnard
Tri-Leake Realty
List Price
$65,000
Sold Price
$49,000
Premium/Discount to List
-$16,000
-24.62%

Purchase Details

Closed on
Jan 10, 2017
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$59,500 None Available
-- Saddle Creek Title Llc
$49,000 Saddle Creek Title
-- None Available
$22,650 Nexus Title & Escrow Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $44,625
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2021 06/30/21 Sold $59,500 -23.2% $25 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $77,500 0.0% $33 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $77,500 0.0% $33 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $77,500 +58.2% $33 / Sq Ft
07/15/2020 07/15/20 Sold $49,000 -24.6% $21 / Sq Ft View Prior Sale
07/10/2020 07/10/20 Pending -- -- --
08/21/2019 08/21/19 For Sale $65,000 -- $27 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $702 $26,080 $2,400 $23,680
2024 $568 $16,760 $1,200 $15,560
2023 $1,021 $16,760 $1,200 $15,560
2022 $1,021 $16,760 $1,200 $15,560
2021 $578 $16,760 $1,200 $15,560
2020 $1,493 $20,600 $1,200 $19,400
2019 $658 $20,600 $1,200 $19,400
2018 $658 $20,600 $1,200 $19,400
2017 $674 $20,600 $1,200 $19,400
2016 $888 $20,320 $0 $0
2014 $888 $20,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark Saller

    Reedy Group II, LLC

    Section Image
  • Verna Littleton

    Buyer's Agent in 2021

    Verna Littleton

    Fast Track Realty, LLC

    (901) 490-9449

    6 in this area

    96 Total Sales

    Verna Littleton
    Section Image

  • D

    Seller's Agent in 2020

    Duane Kinnard

    Tri-Leake Realty

    (901) 323-1246

    6 in this area

    114 Total Sales

    Duane Kinnard
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10097139

Memphis Area Association of REALTORS®

APN: 03-4002-0-0003

Tennessee Shelby County Memphis 38106 South Memphis

341 S Parkway E, Memphis, TN

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