NOT LISTED FOR SALE

3705 Shirlwood Ave Memphis, TN 38122

High Point Terrace Neighborhood

Estimated Value: $258,000 - $406,000

3 Beds
2 Baths
2,918 Sq Ft
$120/Sq Ft Est. Value

Last Sold September 27, 2017

Last sale price $249,000 $85 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,142/month

149 Days on Market

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Formal Dining Room
  • White Station High Rated A
  • Corner Lot
  • Some Wood Windows

About This Home

As of September 2017

Prime investment opportunity ~ quality duplex with both sides currently rented. Wonderful location across the street from High Point Grocery and Cheffies. Nice improvements have been made and both units are in excellent condition. Please call with any questions.

Last Agent to Sell the Property

Robin Fauser

Coldwell Banker Collins-Maury License #287935 Listed on: 03/14/2017

Coldwell Banker Collins-Maury

Last Buyer's Agent

Jay Wood

Sowell, Realtors License #221237

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.33 Acre Lot
  • Corner Lot

Home Design

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

Interior Spaces

  • 2,918 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Window Treatments
  • Formal Dining Room
  • Attic Access Panel
  • Storm Doors
  • Washer and Dryer Hookup

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Built-In Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 2 Parking Spaces
  • Carport
  • Driveway

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Greenlawn 3Rd Addn Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 044081 00017

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 447
  • MAAR Subdivision Name: HIGH POINT TERRACE
  • Freestanding: Yes
  • List Price Per Sq Ft: 92
  • Number Of Stories: 1
  • Estimated Sq Ft: 2918
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Wall to Wall Carpet, Wood Laminate Floors
  • Appliances Equipment: Range/Oven (Built-In), Dishwasher
  • Estimated Entire Duplex Sq Ft: 2800-2999
  • Miscellaneous Interior: All Window Treatments, Attic Access, Cable Wired

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood Window(s), Storm Door(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2
  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Corner
  • Lot Number: 106
  • Acreage: 0.33
  • Lot Size: 112.57/132.12X130/132

Rental Info

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

Tax Info

  • Assessor Parcel Number: 044081 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2018
Sold by
Maroon William N and Garza John E
Bought by
Garza Maroon Investments Llc
Current Estimated Value
$350,047

Purchase Details

Listed on
Mar 14, 2017
Closed on
Sep 29, 2017
Sold by
Taylor Grant E
Bought by
Marron William N and Garza John E
Seller's Agent
Robin Fauser
Coldwell Banker Collins-Maury
Buyer's Agent
Jay Wood
Sowell, Realtors
List Price
$269,000
Sold Price
$249,000
Premium/Discount to List
-$20,000
-7.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.23%
Original Mortgage
$186,750
Outstanding Balance
$101,619
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$248,428

Purchase Details

Listed on
Sep 12, 2012
Closed on
Oct 22, 2012
Sold by
Gandy Marion Moore and Gandy Diane Wallis
Bought by
Taylor Grant E
Seller's Agent
Lynda Baddour
Ware Jones, REALTORS
Buyer's Agent
Robin Fauser
Coldwell Banker Collins-Maury
List Price
$229,000
Sold Price
$206,000
Premium/Discount to List
-$23,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$154,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2007
Sold by
Wood Robert T and Wood Vala M
Bought by
Gandy Marion Moore and Gandy Marion Moore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,444
Interest Rate
7.25%
Mortgage Type
Purchase Money 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

Date Buyer Sale Price Title Company
Garza Maroon Investments Llc -- None Available
Marron William N $249,000 Close Trak Closing & Title S
Taylor Grant E $206,000 None Available
Gandy Marion Moore $229,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marron William N $186,750
Previous Owner Taylor Grant E $154,500
Previous Owner Gandy Marion Moore $188,444
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2017 09/27/17 Sold $249,000 -7.4% $85 / Sq Ft
08/10/2017 08/10/17 Pending -- -- --
03/14/2017 03/14/17 For Sale $269,000 0.0% $92 / Sq Ft
08/31/2015 08/31/15 Rented $1,100 0.0% --
08/31/2015 08/31/15 Under Contract -- -- --
08/19/2015 08/19/15 For Rent $1,100 0.0% --
11/02/2012 11/02/12 Sold $206,000 -10.0% $71 / Sq Ft View Prior Sale
09/21/2012 09/21/12 Pending -- -- --
09/12/2012 09/12/12 For Sale $229,000 -- $78 / 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 $3,627 $154,920 $22,000 $132,920
2024 $3,627 $107,000 $19,320 $87,680
2023 $6,518 $107,000 $19,320 $87,680
2022 $6,518 $107,000 $19,320 $87,680
2021 $6,594 $107,000 $19,320 $87,680
2020 $5,820 $80,320 $19,320 $61,000
2019 $5,820 $80,320 $19,320 $61,000
2018 $5,820 $80,320 $19,320 $61,000
2017 $3,301 $80,320 $19,320 $61,000
2016 $3,578 $81,880 $0 $0
2014 $3,578 $81,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robin Fauser

    Seller's Agent in 2017

    Robin Fauser

    Coldwell Banker Collins-Maury

    (901) 494-0355

    4 in this area

    98 Total Sales

    Robin Fauser
    Section Image

  • J

    Buyer's Agent in 2017

    Jay Wood

    Sowell, Realtors

    Section Image
  • Matt Holt

    Seller's Agent in 2015

    Matt Holt

    Premier Realty Group, LLC

    (901) 820-4367

    29 Total Sales

    Matt Holt
    Section Image
  • Lynda Baddour

    Seller's Agent in 2012

    Lynda Baddour

    Ware Jones, REALTORS

    (901) 481-0843

    14 in this area

    173 Total Sales

    Lynda Baddour
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9997494

Memphis Area Association of REALTORS®

APN: 04-4081-0-0017

Tennessee Shelby County Memphis 38122 High Point Terrace

3705 Shirlwood Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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