NOT LISTED FOR SALE

3609 Mimosa Ave Memphis, TN 38111

High Point Terrace Neighborhood

Estimated Value: $332,000 - $441,000

3 Beds
2 Baths
2,946 Sq Ft
$130/Sq Ft Est. Value

Sale Details

Date Sold: June 12, 2023

Last sale price $395,000 $134 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,428 / mo

52 Days on Market

Highlights

  • Updated Kitchen
  • 0.45 Acre Lot
  • Traditional Architecture
  • White Station High Rated A
  • Landscaped Professionally
  • Wood Flooring

About This Home

As of June 2023

Located on one of the largest lots in HPT. This duplex can easily accommodate all buyers. Live in the fully renovated 2/1 unit and have most of your mortgage paid for by your tenants. Residential owners can lower the taxes by changing the commercial status to owner occupant. Roof is a couple years old. The HVAC & all features new in the renovated unit. Large 3bed 2 bath is dated but spacious and nice with minor updates. Rent can be raised due to long term tenants. Each unit has private/garage.

Last Agent to Sell the Property

Micah Layman

Ware Jones, REALTORS License #310771 Listed on: 04/10/2023

Ware Jones, REALTORS

Last Buyer's Agent

Jeffrey Howard

Bluff City Realty Group, LLC License #326750

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 19,602 Sq Ft Lot
  • Lot Dimensions are 95x210
  • Chain Link Fence
  • Landscaped Professionally
  • Few Trees

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 2,946 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Popcorn or blown ceiling
  • Window Treatments
  • Separate Formal Living Room
  • Formal Dining Room
  • Den
  • Storage Room
  • Pull Down Stairs to Attic

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Driveway

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • Highland Avenue Park Re Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 044070 00013

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0.45 Acres

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 3611
  • MAAR Subdivision Name: HIGH POINT TERRACE
  • Corporate Own: Yes
  • Freestanding: Yes
  • List Price Per Sq Ft: 144
  • Number Of Stories: 1
  • Estimated Sq Ft: 2946
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, Textured Ceiling
  • Appliances Equipment: Refrigerator, Ice Maker Combination, Disposal, Dishwasher
  • Estimated Entire Duplex Sq Ft: 2800-2999
  • Miscellaneous Interior: All Window Treatments, Pull Down Attic Stairs

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking: Driveway/Pad, Storage Room(s), Side-Load Garage

Utilities

  • Cooling: Central Cooling
  • Heating: Central

Lot Info

  • Lot Description: Some Trees, Professionally Landscaped, Chain Fenced
  • Lot Number: E PT 20&
  • Acreage: 0.45
  • Lot Size: 95X210

Rental Info

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

Tax Info

  • Assessor Parcel Number: 044070 00013

Multi Family

  • Perc Occ: 50

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2024
Sold by
Bought by
Current Estimated Value
$383,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Outstanding Balance
$208,135
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$175,495

Purchase Details

Listed on
Apr 10, 2023
Closed on
Jun 12, 2023
Sold by
Bought by
Seller's Agent
Micah Layman
Ware Jones, REALTORS
Buyer's Agent
Jeffrey Howard
Bluff City Realty Group, LLC
List Price
$449,000
Sold Price
$395,000
Premium/Discount to List
-$54,000
-12.03%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.96%
Original Mortgage
$296,250
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 29, 2018
Closed on
Jun 26, 2018
Sold by
Bought by
Seller's Agent
Mary Jeffrey
Crye-Leike, Inc., REALTORS
Buyer's Agent
Micah Layman
Ware Jones, REALTORS
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.52%
Original Mortgage
$156,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$405,000 None Listed On Document
$395,000 Home Surety Title & Escrow
$185,000 Tri Star Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $210,000
Previous Owner $296,250
Previous Owner $156,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2023 06/12/23 Sold $395,000 -7.1% $134 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
04/19/2023 04/19/23 Price Changed $425,000 -5.3% $144 / Sq Ft
04/10/2023 04/10/23 For Sale $449,000 +142.7% $152 / Sq Ft
06/27/2018 06/27/18 Sold $185,000 -7.0% $62 / Sq Ft View Prior Sale
05/29/2018 05/29/18 For Sale $199,000 -- $66 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,420 $164,320 $32,200 $132,120
2024 $3,957 $116,720 $32,520 $84,200
2023 $7,110 $116,720 $32,520 $84,200
2022 $7,110 $116,720 $32,520 $84,200
2021 $7,194 $116,720 $32,520 $84,200
2020 $6,434 $88,800 $32,520 $56,280
2019 $2,787 $87,200 $32,520 $54,680
2018 $3,211 $100,480 $32,520 $67,960
2017 $3,287 $100,480 $32,520 $67,960
2016 $4,978 $113,920 $0 $0
2014 $4,978 $113,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Micah Layman

    Seller's Agent in 2023

    Micah Layman

    Ware Jones, REALTORS

    (901) 634-9114

    6 in this area

    62 Total Sales

    Micah Layman
    Section Image
  • Jeffrey Howard

    Buyer's Agent in 2023

    Jeffrey Howard

    Bluff City Realty Group, LLC

    (901) 303-8448

    4 in this area

    157 Total Sales

    Jeffrey Howard
    Section Image
  • Mary Jeffrey

    Seller's Agent in 2018

    Mary Jeffrey

    Crye-Leike

    (901) 870-4253

    119 Total Sales

    Mary Jeffrey
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10145575

Memphis Area Association of REALTORS®

APN: 04-4070-0-0013

Tennessee Shelby County Memphis 38111 High Point Terrace

3609 Mimosa Ave, Memphis, TN

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