NOT LISTED FOR SALE

Estimated Value: $110,000 - $119,000

4 Beds
2 Baths
1,600-1,799 Sq Ft
$63/Sq Ft Est. Value

Last Sold February 04, 2020

Last sale price $16,000 $9 Per Sq Ft

Est. 610% increase in value since last sale

Current estimated payment $652/month

About This Home

As of February 2020

This is an as-is sale. It is in need of a complete rehab. Seller will consider all reasonable offers.

Last Agent to Sell the Property

Jill White

Fast Track Realty, LLC License #332230 Listed on: 03/18/2019

Co-Listed By

Tina Andrade

Fast Track Realty, LLC License #278608

Last Buyer's Agent

Tina Andrade

Fast Track Realty, LLC License #278608

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $584

Year Built

  • Built in 1973

Lot Details

  • 0.27 Acre Lot

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,710 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Schoolfield St Elmo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072121 B00038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$584

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • MLS Map #: 725F
  • MAAR Subdivision Name: SCHOOLFIELD ST ELMO
  • List Price Per Sq Ft: 15
  • Number Of Stories: 1
  • Price Per Sq Ft: 9.36
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1710
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 4
  • Bedrooms Down: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Lot Info

  • Lot Number: 104
  • Acreage: 0.27
  • Lot Size: .27
  • Price Per Acre: 92407

Multi Family

  • Number Of Rooms: 10

Tax Info

  • Assessor Parcel Number: 072121 B00038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
Feb 4, 2020
Sold by
Justin Properties Llc
Bought by
Cecato Llc
Seller's Agent
Jill White
Fast Track Realty, LLC
Buyer's Agent
Tina Andrade
Fast Track Realty, LLC
List Price
$24,950
Sold Price
$16,000
Premium/Discount to List
-$8,950
-35.87%
Current Estimated Value
$113,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,667
Avg. Annual Appreciation
41.06%

Purchase Details

Closed on
Oct 26, 2018
Sold by
Property Factor Aus Llc
Bought by
Sorroeix Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,332,031
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2018
Sold by
Ajanders Singh Llc
Bought by
Property Factor Aus Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,332,031
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2013
Sold by
Memphis Investment Houses Llc
Bought by
Ajanders Singh Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2009
Sold by
Elman Virginia
Bought by
Ejo Properties

Purchase Details

Closed on
Oct 3, 2008
Sold by
Richmond Roosevelt and Richmond Paula A
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Mar 29, 2004
Sold by
Tennessee Investment Properties
Bought by
Richmond Roosevelt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,693
Interest Rate
5.53%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 2001
Sold by
Shaw Kenneth A
Bought by
Tennessee Investment Properties

Purchase Details

Closed on
Feb 26, 1998
Sold by
Martinez Elizabeth
Bought by
Shaw Kenneth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,600
Interest Rate
7.07%
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
Cecato Llc $24,900 Saddle Creek Title Llc
Justin Properties Llc $16,000 Saddle Creek Title Llc
Sorroeix Inc -- None Available
Property Factor Aus Llc -- None Available
Ajanders Singh Llc $50,000 --
Memphis Investment Houses Llc $12,500 --
Ejo Properties -- Assured Escrow & Title
The Secretary Of Housing & Urban Develop $44,951 None Available
Richmond Roosevelt $40,000 --
Tennessee Investment Properties $9,601 --
Shaw Kenneth A $47,000 Security Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sorroeix Inc $2,332,031
Previous Owner Ajanders Singh Llc $30,000
Previous Owner Richmond Roosevelt $40,693
Previous Owner Shaw Kenneth A $37,600
Closed Shaw Kenneth A $7,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2020 02/04/20 Sold $16,000 -35.9% $10 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $24,950 -- $16 / 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 $584 $29,360 $2,400 $26,960
2024 $584 $17,240 $2,000 $15,240
2023 $1,050 $17,240 $2,000 $15,240
2022 $1,050 $17,240 $2,000 $15,240
2021 $595 $17,240 $2,000 $15,240
2020 $1,171 $16,160 $2,000 $14,160
2019 $516 $16,160 $2,000 $14,160
2018 $516 $16,160 $2,000 $14,160
2017 $529 $16,160 $2,000 $14,160
2016 $799 $18,280 $0 $0
2014 $799 $18,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048167

Memphis Area Association of REALTORS®

APN: 07-2121-B0-0038