NOT LISTED FOR SALE

Estimated Value: $129,000 - $148,667

4 Beds
4 Baths
2,151 Sq Ft
$63/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $77,000 $36 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $798/month

6 Days on Market

About This Home

As of September 2019

IMMEDIATE CASH FLOW OPPORTUNITY!! BOTH units currently leased for a total of $1110.00 per month. Incredible deal. Won't last long. Property occupied. Do not disturb tenant. Property has been well maintained by owners. Property is part of a portfolio and can be purchased as a bundle or separately. Make offer contingent upon inspection. All reasonable offers will be considered.

Last Agent to Sell the Property

Javonne Grandison

eXp Realty, LLC License #333311 Listed on: 07/30/2019

eXp Realty, LLC

Last Buyer's Agent

Jerry Modesto

Crye-Leike, Inc., REALTORS License #268749

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 9,583 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,151 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 2 Units
  • Knightwood Second Addn Sec F Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 073041 K00007

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Multi-Family
  • MAAR Subdivision Name: KNIGHTWOODS 2ND ADD SEC F
  • Freestanding: Yes
  • List Price Per Sq Ft: 40
  • Number Of Stories: 1
  • Estimated Sq Ft: 2151
  • Year Built: 1972
  • Construction: Brick/Veneer
  • List Price Per Unit: 42950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Wood Laminate Floors

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Miscellaneous Exterior: Sidewalks

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Connections

Lot Info

  • Lot Number: 9
  • Acreage: 0.22
  • Lot Size: .22

Rental Info

  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 073041 K00007

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 2
  • Number2 Bedroom Units: 2
  • Type of Unit: 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2019
Closed on
Sep 1, 2019
Sold by
Nguyen Cong and Nguyen Xuan
Bought by
Moku Properties Llc
Seller's Agent
Javonne Grandison
eXp Realty, LLC
Buyer's Agent
Jerry Modesto
Crye-Leike, Inc., REALTORS
List Price
$85,900
Sold Price
$77,000
Premium/Discount to List
-$8,900
-10.36%
Current Estimated Value
$136,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,417
Avg. Annual Appreciation
9.42%

Purchase Details

Closed on
Jul 1, 2005
Sold by
Higdon Billy J
Bought by
Nguyen Cong and Nguyen Xuan

Purchase Details

Closed on
May 30, 2001
Sold by
Household Financial Center Inc
Bought by
Higdon Billy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,625
Interest Rate
7.11%

Purchase Details

Closed on
May 1, 2000
Sold by
Margaret Taylor
Bought by
Household Financial Center Inc

Purchase Details

Closed on
May 29, 1998
Sold by
Randy Morgan
Bought by
Utley Renaldo L and Lebron Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
7.14%
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
Moku Properties Llc $77,000 Saddle Creek Title Llc
Nguyen Cong $61,500 --
Higdon Billy J $45,000 --
Higdon Billy J $45,000 --
Household Financial Center Inc $57,815 --
Household Financial Center Inc $57,815 --
Utley Renaldo L $69,000 --
Taylor Margaret $150,000 --
Utley Renaldo L $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Higdon Billy J $50,625
Previous Owner Taylor Margaret $114,000
Closed Taylor Margaret $21,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2019 09/20/19 Sold $77,000 -10.4% $36 / Sq Ft
07/30/2019 07/30/19 For Sale $85,900 -- $40 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $892 $49,680 $5,400 $44,280
2024 $892 $26,320 $3,800 $22,520
2023 $1,603 $26,320 $3,800 $22,520
2022 $1,603 $26,320 $3,800 $22,520
2021 $908 $26,320 $3,800 $22,520
2020 $1,617 $22,320 $3,800 $18,520
2019 $713 $22,320 $3,800 $18,520
2018 $713 $22,320 $3,800 $18,520
2017 $730 $22,320 $3,800 $18,520
2016 $1,000 $22,880 $0 $0
2014 $1,000 $22,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10058540

Memphis Area Association of REALTORS®

APN: 07-3041-K0-0007