NOT LISTED FOR SALE

Estimated Value: $114,219 - $138,000

2 Beds
1 Bath
1,595 Sq Ft
$80/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $136,000 $85 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $729/month

28 Days on Market

Highlights

  • Traditional Architecture
  • Brick Veneer
  • Hot Water Heating System
  • Step Saver Kitchen Design
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of November 2024

This property is under contract. Really nice duplex, updated a few years ago, looking for a new investor owner. Add this one to your portfolio and get a great property with really nice outlook given its proximity to the University of Memphis! Current rents are $650 and $687.95/month, both tenants month-to-month. Cashflow now and try to get those rents up over the next few years for even better monthly income! These are right in the Highland Strip area, which is undergoing huge gentrification as the U of M grows. Buyer to verify all facts; no showings until accepted offer. Do not disturb tenants. No assignable/wholesaler offers will be accepted. No seller-financing, so do not ask or offer; it will be rejected. Seller is selling all in Memphis market to invest in local market. Selling with 3 other duplexes and will split.

Last Agent to Sell the Property

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 10/04/2024

Last Buyer's Agent

Justin Reed

River City Land Co., LLC License #328813

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Level Lot

Parking

  • Driveway

Home Design

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

Interior Spaces

  • 1,595 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Step Saver Kitchen Design

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • Riegle Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 059088 00051

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 3527#2
  • MAAR Subdivision Name: SHERWOOD FOREST
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 1595
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Estimated Entire Duplex Sq Ft: 1400-1599

Exterior Features

  • Misc Exterior: Separate Meters
  • Exterior Windows: Brick Veneer, Aluminum Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central, Gas
  • Hot Water: Gas, Individual System

Lot Info

  • Lot Description: Level
  • Lot Number: 2
  • Acreage: 0.14
  • Lot Size: 50X125
  • Geo Subdivision: TN

Rental Info

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

Tax Info

  • Assessor Parcel Number: 059088 00051

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Nov 15, 2024
Sold by
Delta Blue Properties Llc
Bought by
Walker Shaun and Walker Valerie
Seller's Agent
Randall Weatherall
Memphis Metro Realty
Buyer's Agent
Justin Reed
River City Land Co., LLC
List Price
$139,900
Sold Price
$136,000
Premium/Discount to List
-$3,900
-2.79%
Views
2
Current Estimated Value
$127,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,445
Avg. Annual Appreciation
-4.71%
Original Mortgage
$108,800
Outstanding Balance
$89,693
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$37,862

Purchase Details

Listed on
Aug 1, 2019
Closed on
Aug 19, 2019
Sold by
Langlois Mark and Langlois Jo Ann
Bought by
Delta Blue Properties Llc
List Price
$68,000
Sold Price
$77,000
Premium/Discount to List
$9,000
13.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%
Original Mortgage
$63,448
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2016
Closed on
Mar 30, 2017
Sold by
2996 Cgelsca Llc
Bought by
Langlois Mark and Langlois Jo Ann
Seller's Agent
Garnette Sephens
REMAX Experts
Buyer's Agent
Jo Ann Langlois
901 Properties
List Price
$49,900
Sold Price
$35,000
Premium/Discount to List
-$14,900
-29.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.08%

Purchase Details

Closed on
Feb 21, 2011
Sold by
Jujubama Llc
Bought by
2996 Chelsea Llc

Purchase Details

Closed on
Feb 8, 2011
Sold by
Jujubama Llc
Bought by
2996 Chelsea Avenue Llc

Purchase Details

Closed on
Dec 5, 2008
Sold by
Watson Anthony D
Bought by
Lasalle Bank National Association

Purchase Details

Closed on
Nov 25, 2003
Sold by
Wooten Fred R
Bought by
Watson Anthony D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,755
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 1998
Sold by
Boyd Joe E
Bought by
Wooten Fred R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,697
Interest Rate
7.04%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Walker Shaun $136,000 None Listed On Document
Delta Blue Properties Llc $77,000 Executive Ttl & Closing Inc
Langlois Mark $35,000 Multiple
2996 Chelsea Llc $42,900 None Available
2996 Chelsea Avenue Llc $42,900 Multiple
Lasalle Bank National Association $35,750 None Available
Watson Anthony D $62,900 Cst Title Escrow
Wooten Fred R $56,000 --
Wooten Fred R $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Shaun $108,800
Previous Owner Delta Blue Properties Llc $63,448
Previous Owner Watson Anthony D $59,755
Previous Owner Wooten Fred R $56,697
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2024 11/15/24 Sold $136,000 -2.8% $85 / Sq Ft
10/04/2024 10/04/24 For Sale $139,900 +81.7% $88 / Sq Ft
08/19/2019 08/19/19 Sold $77,000 +13.2% $48 / Sq Ft View Prior Sale
08/01/2019 08/01/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $68,000 +94.3% $42 / Sq Ft
03/31/2017 03/31/17 Sold $35,000 -29.9% $21 / Sq Ft View Prior Sale
03/23/2017 03/23/17 Pending -- -- --
01/21/2016 01/21/16 For Sale $49,900 -- $30 / 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 $780 $48,560 $5,320 $43,240
2024 $780 $23,000 $3,720 $19,280
2023 $1,401 $23,000 $3,720 $19,280
2022 $1,401 $23,000 $3,720 $19,280
2021 $1,665 $23,000 $3,720 $19,280
2020 $1,174 $16,200 $2,640 $13,560
2019 $518 $16,200 $2,640 $13,560
2018 $518 $16,200 $2,640 $13,560
2017 $530 $16,200 $2,640 $13,560
2016 $912 $20,880 $0 $0
2014 $912 $20,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10182585

Memphis Area Association of REALTORS®

APN: 05-9088-0-0051

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