NOT LISTED FOR SALE

Estimated Value: $166,139 - $224,000

2 Beds
1 Bath
1,656 Sq Ft
$120/Sq Ft Est. Value

Last Sold April 14, 2016

Last sale price $125,000 $75 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,148/month

46 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Porch
  • Traditional Architecture
  • Some Wood Windows
  • 1 Car Attached Garage

About This Home

As of April 2016

Great Income Producing Investment Property ~ Both Units Currently Rented for $775 and $735 ~ Please Do Not Disturb Tenants

Last Agent to Sell the Property

Jennifer Carstensen

Real Estate Agency License #317824 Listed on: 01/28/2016

Last Buyer's Agent

Robbie Marbury

Real Estate Agency License #328634

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 57 x 180.9
  • Wood Fence
  • Chain Link Fence
  • Level Lot
  • Few Trees

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 1,656 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Combination Dining and Living Room
  • Pull Down Stairs to Attic
  • Washer and Dryer Hookup

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Free-Standing Range

Flooring

  • Wood
  • Parquet
  • Tile

Parking

  • 1 Car Attached Garage
  • Carport
  • Driveway

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Hot Water Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • Madison Home Place Blk C Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 046034 00007

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 3781
  • MAAR Subdivision Name: MADISON HOME PLACE BLK C
  • Freestanding: Yes
  • List Price Per Sq Ft: 85
  • Number Of Stories: 1
  • Estimated Sq Ft: 1656
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Hardwood, Tile, Parquet Floor
  • Appliances Equipment: Range/Oven (Freestanding)
  • Estimated Entire Duplex Sq Ft: 1600-1799
  • Miscellaneous Interior: Walk-In Closet(s), Pull Down Attic Stairs

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1A
  • Parking: Driveway/Pad

Utilities

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

Lot Info

  • Lot Description: Some Trees, Level, Wood Fenced, Chain Fenced
  • Lot Number: 8
  • Acreage: 0.23
  • Lot Size: 57 X 180.9

Rental Info

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

Tax Info

  • Assessor Parcel Number: 046034 00007

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2016
Closed on
Apr 20, 2016
Sold by
Elizabeth E Van Tassel
Bought by
Williamson Scott
Seller's Agent
Jennifer Carstensen
Real Estate Agency
Buyer's Agent
Robbie Marbury
Real Estate Agency
List Price
$140,000
Sold Price
$125,000
Premium/Discount to List
-$15,000
-10.71%
Current Estimated Value
$199,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,535
Avg. Annual Appreciation
4.81%
Original Mortgage
$93,750
Outstanding Balance
$74,233
Interest Rate
3.58%
Estimated Equity
$125,302

Purchase Details

Closed on
Aug 15, 2006
Sold by
Merkle John D and Merkle Brenda H
Bought by
Vantassel Elizabeth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,352
Interest Rate
6.71%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Williamson Scott -- --
Vantassel Elizabeth E $82,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williamson Scott $93,750
Closed Williamson Scott --
Previous Owner Vantassel Elizabeth E $81,352
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2016 04/14/16 Sold $125,000 -10.7% $75 / Sq Ft
03/14/2016 03/14/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $140,000 -- $85 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $1,172 $72,120 $13,280 $58,840
2024 $1,172 $34,560 $10,600 $23,960
2023 $2,105 $34,560 $10,600 $23,960
2022 $2,105 $34,560 $10,600 $23,960
2021 $2,130 $34,560 $10,600 $23,960
2020 $2,067 $28,520 $10,600 $17,920
2019 $2,067 $28,520 $10,600 $17,920
2018 $2,067 $28,520 $10,600 $17,920
2017 $1,172 $28,520 $10,600 $17,920
2016 $1,398 $32,000 $0 $0
2014 $874 $20,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9969316

Memphis Area Association of REALTORS®

APN: 04-6034-0-0007

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