NOT LISTED FOR SALE

3509 Walnut Grove Rd Memphis, TN 38111

Audubon Park Neighborhood

Estimated Value: $249,000 - $306,000

2 Beds
1 Bath
2,016 Sq Ft
$138/Sq Ft Est. Value

Last Sold October 11, 2021

Last sale price $260,000 $129 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,681/month

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Circular Driveway
  • White Station High Rated A
  • 2 Fireplaces
  • Some Wood Windows

About This Home

As of October 2021

Fantastic investment! Never goes vacant in perfect central East Memphis location! Duplex is fully leased month to month total rents are $2105.00 Seller just put on new roof! Many updates call agent for details. No showings without accepted contract contingent on inspections. Do not disturb tenants. Hurry this wont last long!

Last Agent to Sell the Property

dave scott

BHHS Taliesyn Realty License #311916 Listed on: 09/11/2021

BHHS Taliesyn Realty

Last Buyer's Agent

Chuck House

Keller Williams License #270304

Keller Williams

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,635

Year Built

  • Built in 1935

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 103x133
  • Wood Fence
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Some Wood Windows
  • Double Pane Windows
  • Storm Windows

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • 3 Car Garage
  • Front Facing Garage
  • Circular Driveway

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • Ellmans Walnut Grove Rd Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 044060 00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,635

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MAAR Subdivision Name: RED ACRES
  • Freestanding: Yes
  • List Price Per Sq Ft: 129
  • Number Of Stories: 1
  • Estimated Sq Ft: 2016
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Vinyl Floor
  • Number Of Fireplaces: 2

Exterior Features

  • Exterior Windows: Brick Veneer, Wood/Composition, Wood Window(s), Double Pane Window(s), Storm Window(s)

Garage/Parking

  • Number Covered Parking Spaces: 3
  • Parking Display: 3
  • Parking: Circular Drive, Front-Load Garage

Utilities

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

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Wood Fenced
  • Lot Number: 2
  • Acreage: 0.32
  • Lot Size: 103X133

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 044060 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2021
Closed on
Oct 12, 2021
Sold by
Bortolo Analia E
Bought by
House John C
Seller's Agent
dave scott
BHHS Taliesyn Realty
Buyer's Agent
Chuck House
Keller Williams
List Price
$259,900
Sold Price
$260,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$279,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,084
Avg. Annual Appreciation
1.76%
Original Mortgage
$195,000
Outstanding Balance
$177,822
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$101,262

Purchase Details

Listed on
Apr 2, 2019
Closed on
Aug 6, 2019
Sold by
Robinson Justin L and Robinson Kaia
Bought by
Bortolo Analia E
Seller's Agent
Lynn Smith
C21 Home First, REALTORS
Buyer's Agent
Steve Woodyard
Woodyard Realty Corp
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.63%
Original Mortgage
$133,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2012
Sold by
Palmer David A
Bought by
Robinson Justin L and Robinson Kaia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,547
Interest Rate
3.95%
Mortgage Type
VA

Purchase Details

Closed on
Aug 5, 2003
Sold by
Barek Stephen
Bought by
Palmer David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,600
Interest Rate
5.52%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 1, 1996
Bought by
Hiatt William F and Hiatt Gwin C
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
House John C $260,000 Summit Title & Escrow Llc
Bortolo Analia E $190,000 Tri State Title Llc
Robinson Justin L $165,000 None Available
Palmer David A $164,500 --
Hiatt William F $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open House John C $195,000
Previous Owner Bortolo Analia E $133,000
Previous Owner Robinson Justin L $168,547
Previous Owner Palmer David A $131,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2021 10/11/21 Sold $260,000 0.0% $129 / Sq Ft
09/11/2021 09/11/21 For Sale $259,900 +36.8% $129 / Sq Ft
08/13/2019 08/13/19 Sold $190,000 0.0% $94 / Sq Ft View Prior Sale
04/02/2019 04/02/19 For Sale $190,000 -- $94 / 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 $2,635 $109,560 $57,400 $52,160
2024 $2,635 $77,720 $57,400 $20,320
2023 $4,734 $77,720 $57,400 $20,320
2022 $4,734 $77,720 $57,400 $20,320
2021 $1,318 $48,575 $35,875 $12,700
2020 $3,253 $44,900 $35,875 $9,025
2019 $1,435 $44,900 $35,875 $9,025
2018 $1,435 $44,900 $35,875 $9,025
2017 $1,469 $44,900 $35,875 $9,025
2016 $1,807 $41,350 $0 $0
2014 $1,807 $41,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • d

    Seller's Agent in 2021

    dave scott

    BHHS Taliesyn Realty

    (901) 484-8663

    1 in this area

    48 Total Sales

    dave scott
    Section Image
  • Chuck House

    Buyer's Agent in 2021

    Chuck House

    Keller Williams

    (901) 461-6900

    18 in this area

    308 Total Sales

    Chuck House
    Section Image
  • Lynn Smith

    Seller's Agent in 2019

    Lynn Smith

    C21 Home First, REALTORS

    (877) 853-1193

    1 in this area

    73 Total Sales

    Lynn Smith
    Section Image
  • Steve Woodyard

    Buyer's Agent in 2019

    Steve Woodyard

    Woodyard Realty Corp

    (901) 820-4334

    9 in this area

    20 Total Sales

    Steve Woodyard
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10108505

Memphis Area Association of REALTORS®

APN: 04-4060-0-0002

Tennessee Shelby County Memphis 38111 Audubon Park

3509 Walnut Grove Rd, Memphis, TN

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