$100,000
SOLD NOV 11, 2024

3550 Faxon Ave Memphis, TN 38122

Berclair Neighborhood
1 Bed
1 Bath
1,420 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$70 Per Sq Ft

20% Below List Price

23 Days on Market

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Hot Water Heating System
  • Wood Flooring
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of April 2025

Brick DUPLEX in a HIGHLY DESIRABLE location, mere moments from the University of Memphis! This property could be a real money maker! Both sides are 1/1s with the potential to turn the left unit into a 2/1 with a little creativity. Deep lot, good floor plan and solid bones, each unit needs some repairs. Right hand unit utilities are on and it has a large kitchen! Both units have hardwood floors throughout. Property is vacant and waiting for your final touches. This could make a great AirBNB or House-Hack. Video walkthrough available upon request.

Last Agent to Sell the Property

William Haynes

Crye-Leike, Inc., REALTORS License #355990 Listed on: 10/09/2024

Crye-Leike, Inc., REALTORS

Co-Listed By

Tyler Tapley

Crye-Leike, Inc., REALTORS License #296080

Last Buyer's Agent

Elizabeth Castillo

BEST Real Estate Company License #326603

BEST Real Estate Company

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1932

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 50x200
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,420 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Wood Flooring

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Hot Water Heating System

Community Details

  • Highland Heights Blk 19 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038063 00031

Home Details

Home Type

Single Family

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • MLS Map #: 752E
  • MAAR Subdivision Name: HIGHLAND HEIGHTS BLK 19
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 70.42
  • Estimated Sq Ft: 1420
  • Year Built: 1932
  • List Price/ Sq Ft: 87
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Number Of Fireplaces: 1

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling, 1 Window Unit per Unit
  • Heating: Central, Hot Water/Steam

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: W PT 15
  • Acreage: 0.22
  • Lot Size: 50X200
  • Price Per Acre: 559091
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 038063 00031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2025
Closed on
Apr 18, 2025
Sold by
Pracma Investment Llc
Bought by
Safaie Ramin
Seller's Agent
Elizabeth Castillo
BEST Real Estate Company
Buyer's Agent
Elizabeth Castillo
BEST Real Estate Company
List Price
$154,900
Sold Price
$140,000
Premium/Discount to List
-$14,900
-9.62%
Total Days on Market
23
Views
14
Current Estimated Value
$143,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,977
Avg. Annual Appreciation
11.38%
Original Mortgage
$87,825
Outstanding Balance
$87,748
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$56,229

Purchase Details

Listed on
Oct 9, 2024
Closed on
Nov 9, 2024
Sold by
3550 Faxon Ave Llc
Bought by
Pracma Investments Llc
Seller's Agent
William Haynes
Crye-Leike, Inc., REALTORS
Buyer's Agent
Elizabeth Castillo
BEST Real Estate Company
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
118.69%

Purchase Details

Listed on
May 19, 2021
Closed on
May 20, 2021
Sold by
Jist Properties Gp
Bought by
3550 Faxon Llc
Seller's Agent
Gary Garrison
BHHS McLemore & Co. Realty
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$94,000
Sold Price
$77,098
Premium/Discount to List
-$16,902
-17.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%

Purchase Details

Closed on
Feb 14, 2008
Sold by
Jist Properties Llc
Bought by
Jist Properties Gp

Purchase Details

Closed on
Sep 29, 2006
Sold by
Friedlander Steve
Bought by
Jist Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
6.45%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 1, 2003
Sold by
Sherman Madison and Sherman Vicki
Bought by
Moss D Michael and Moss Carolyn E

Purchase Details

Closed on
Jul 20, 2000
Sold by
Moss D Michael and Moss Carolyn E
Bought by
Sherman Madison and Sherman Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,800
Interest Rate
7.1%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $140,000 Regency Title & Escrow
Warranty Deed $100,000 Realty Title & Escrow
Warranty Deed $100,000 Realty Title & Escrow
Warranty Deed $362,812 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $75,000 None Available
Warranty Deed $52,000 --
Warranty Deed $61,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $87,825 New Conventional
Previous Owner $390,000 Commercial
Previous Owner $67,500 Unknown
Previous Owner $55,800 Seller Take Back
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $140,000 -9.6% $99 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
02/19/2025 02/19/25 For Sale $154,900 +54.9% $109 / Sq Ft
11/11/2024 11/11/24 Sold $100,000 -18.7% $70 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/22/2024 10/22/24 Price Changed $123,000 -1.6% $87 / Sq Ft
10/09/2024 10/09/24 For Sale $125,000 +62.1% $88 / Sq Ft
05/21/2021 05/21/21 Sold $77,098 -18.0% $54 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $94,000 -- $66 / 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 -- $14,240 $6,600 $7,640
2024 $750 $22,120 $3,520 $18,600
2023 $1,347 $22,120 $3,520 $18,600
2022 $1,347 $22,120 $3,520 $18,600
2021 $1,363 $22,120 $3,520 $18,600
2020 $1,614 $22,280 $2,840 $19,440
2019 $712 $22,280 $2,840 $19,440
2018 $712 $22,280 $2,840 $19,440
2017 $729 $22,280 $2,840 $19,440
2016 $1,196 $27,360 $0 $0
2014 $1,196 $27,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Elizabeth Castillo

    BEST Real Estate Company

    (901) 497-4957

    20 in this area

    119 Total Sales

    Elizabeth Castillo
    Section Image
  • William Haynes

    Seller's Agent in 2024

    William Haynes

    Crye-Leike, Inc., REALTORS

    (865) 454-1124

    19 in this area

    257 Total Sales

    William Haynes
    Section Image
  • Tyler Tapley

    Seller Co-Listing Agent in 2024

    Tyler Tapley

    Crye-Leike, Inc., REALTORS

    (901) 871-1290

    82 in this area

    1,249 Total Sales

    Tyler Tapley
    Section Image
  • Gary Garrison

    Seller's Agent in 2021

    Gary Garrison

    BHHS McLemore & Co. Realty

    (901) 690-5800

    7 in this area

    102 Total Sales

    Gary Garrison
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MLS NON-BOARD AGENT

    NON-MLS OR NON-BOARD OFFICE

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10182976

Memphis Area Association of REALTORS®

APN: 03-8063-0-0031

Tennessee Shelby County Memphis 38122 Berclair

3550 Faxon Ave, Memphis, TN

This home is located at 3550 Faxon Ave, Memphis, TN 38122 and is currently priced at $100,000, approximately $70 per square foot. This property was built in 1932. 3550 Faxon Ave is a home located in Shelby County with nearby schools including Grahamwood Elementary School, Treadwell Middle School, and Kingsbury High School.

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