NOT LISTED FOR SALE

Estimated Value: $117,811 - $155,000

2 Beds
1 Bath
1,444 Sq Ft
$89/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $55,000 $38 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $769/month

19 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • Porch

About This Home

As of February 2019

Wonderful investment opportunity to own a stable multi family unit near the University of Memphis. One side currently occupied at $495/mo and the other is adversitied for $525. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Duane Kinnard

Tri-Leake Realty License #335044 Listed on: 01/19/2019

Last Buyer's Agent

Duane Kinnard

Tri-Leake Realty License #335044 Listed on: 01/19/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $782

Year Built

  • Built in 1968

Lot Details

  • 9,583 Sq Ft Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,444 Sq Ft Home
  • 1-Story Property
  • Attic Access Panel

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Cooling System Powered By Gas
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Neildale Subdivision
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 058045 00059

Home Details

Home Type

Single Family

Est. Annual Taxes

$782

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 3623
  • MLS Map #: 758B
  • MAAR Subdivision Name: Neildale
  • Corporate Own: Yes
  • Freestanding: Yes
  • List Price Per Sq Ft: 41
  • Number Of Stories: 1
  • Price Per Sq Ft: 38.09
  • Estimated Sq Ft: 1444
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Miscellaneous Interior: Attic Access

Exterior Features

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

Garage/Parking

  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees
  • Lot Number: A
  • Acreage: 0.22
  • Lot Size: .22
  • Price Per Acre: 268182

Rental Info

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

Tax Info

  • Assessor Parcel Number: 058045 00059

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2019
Closed on
Mar 22, 2019
Sold by
Rumolo Paul and Rumolo Paul Vincent
Bought by
Lavilla Properties Llc
Seller's Agent
Duane Kinnard
Tri-Leake Realty
Buyer's Agent
Duane Kinnard
Tri-Leake Realty
List Price
$59,000
Sold Price
$55,000
Premium/Discount to List
-$4,000
-6.78%
Current Estimated Value
$129,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,203
Avg. Annual Appreciation
14.43%
Original Mortgage
$41,250
Outstanding Balance
$36,485
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$95,270

Purchase Details

Listed on
Jan 19, 2019
Closed on
Feb 26, 2019
Sold by
Premium Acquisitions Llc
Bought by
Rumolo Paul and Rumolo Paul Vincent
Seller's Agent
Duane Kinnard
Tri-Leake Realty
Buyer's Agent
Duane Kinnard
Tri-Leake Realty
List Price
$59,000
Sold Price
$55,000
Premium/Discount to List
-$4,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Outstanding Balance
$36,485
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$95,270

Purchase Details

Closed on
Oct 5, 2012
Sold by
Veeser Margaret Ingram
Bought by
Premium Acquisitions Llc
Source: Public Records

Range of Values:

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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
Lavilla Properties Llc -- Nexus Title & Escrow Llc
Rumolo Paul $55,000 Nexus Title & Escrow Llc
Premium Acquisitions Llc $62,500 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rumolo Paul $41,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $55,000 -6.8% $38 / Sq Ft
02/07/2019 02/07/19 Pending -- -- --
01/19/2019 01/19/19 For Sale $59,000 -- $41 / 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 $782 $35,880 $8,040 $27,840
2024 $782 $23,080 $5,600 $17,480
2023 $1,406 $23,080 $5,600 $17,480
2022 $1,406 $23,080 $5,600 $17,480
2021 $1,422 $23,080 $5,600 $17,480
2020 $1,188 $16,400 $4,000 $12,400
2019 $524 $16,400 $4,000 $12,400
2018 $524 $16,400 $4,000 $12,400
2017 $537 $16,400 $4,000 $12,400
2016 $762 $17,440 $0 $0
2014 $762 $17,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10044217

Memphis Area Association of REALTORS®

APN: 05-8045-0-0059