NOT LISTED FOR SALE

Estimated Value: $134,000 - $140,000

2 Beds
1 Bath
1,796 Sq Ft
$76/Sq Ft Est. Value

Last Sold August 07, 2017

Last sale price $73,500 $41 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $807/month

54 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Level Lot
  • Tile Flooring
  • Hot Water Heating System
  • 1-Story Property

About This Home

As of August 2017

This duplex is located just minutes from the Memphis Airport and Graceland.It is surrounded by single family homes. The units are 2 bedroom/1 bath with central heating and air. The scheduled monthly income is $1,010.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 03/31/2017

Crye-Leike Commercial

Last Buyer's Agent

Gregory Fleming

Townsend & Fleming, Inc. License #222458

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $991

Year Built

  • Built in 1961

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,796 Sq Ft Home
  • 1-Story Property

Flooring

  • Partially Carpeted
  • Tile

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • Raines Terrace Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 076039 00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$991

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Raines
  • Second Address Number: 355
  • MLS Map #: 767A
  • MAAR Subdivision Name: RAINES TERRACE
  • Freestanding: Yes
  • List Price Per Sq Ft: 44
  • Number Of Stories: 1
  • Price Per Sq Ft: 40.92
  • Estimated Sq Ft: 1796
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Carpet, Tile
  • Estimated Entire Duplex Sq Ft: 1600-1799

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 124
  • Acreage: 0.28
  • Lot Size: 12502
  • Price Per Acre: 282143

Rental Info

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

Tax Info

  • Assessor Parcel Number: 076039 00012

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2017
Closed on
Aug 7, 2017
Sold by
Turner Stell
Bought by
Halmon Kamilah
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Gregory Fleming
Townsend & Fleming, Inc.
List Price
$79,000
Sold Price
$73,500
Premium/Discount to List
-$5,500
-6.96%
Current Estimated Value
$136,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,960
Avg. Annual Appreciation
7.75%
Original Mortgage
$51,450
Outstanding Balance
$43,249
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$90,612

Purchase Details

Closed on
Jul 27, 2010
Sold by
Turner Stella L and Turner Stella
Bought by
Turner Stella and Stella Turner Living Trust
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
Halmon Kamilah $73,500 None Available
Turner Stella -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Halmon Kamilah $51,450
Previous Owner Turner Sam $41,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2017 08/07/17 Sold $73,500 -7.0% $41 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $79,000 -- $44 / 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 $991 $38,520 $7,400 $31,120
2024 $991 $29,240 $5,360 $23,880
2023 $1,781 $29,240 $5,360 $23,880
2022 $1,781 $29,240 $5,360 $23,880
2021 $1,802 $29,240 $5,360 $23,880
2020 $1,820 $25,120 $5,360 $19,760
2019 $1,820 $25,120 $5,360 $19,760
2018 $1,820 $25,120 $5,360 $19,760
2017 $1,032 $25,120 $5,360 $19,760
2016 $979 $22,400 $0 $0
2014 $979 $22,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9998954

Memphis Area Association of REALTORS®

APN: 07-6039-0-0012