NOT LISTED FOR SALE

394 E Mclemore Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $13,893

2 Beds
2 Baths
3,248 Sq Ft
$4/Sq Ft Est. Value

Last Sold November 08, 2019

Last sale price $9,000 $3 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $88/month

About This Home

As of November 2019

Priced Reduced! This 3 unit Triplex is a great rehab opportunity for investors looking to own multiple units! Can be sold as a package with Triplex at 472 E. Mclemore Ave. CASH OFFERS ONLY!

Last Agent to Sell the Property

Cresha Rounds

Adaro Realty, Inc. License #280127 Listed on: 06/05/2019

Adaro Realty, Inc.

Last Buyer's Agent

Cresha Rounds

Adaro Realty, Inc. License #280127 Listed on: 06/05/2019

Adaro Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 50 x 141

Parking

  • Paved Parking

Home Design

  • Triplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,248 Sq Ft Home
  • Crawl Space
  • Washer and Dryer Hookup

Flooring

  • Partially Carpeted
  • Vinyl

Utilities

  • Gas Water Heater

Community Details

  • 2 Buildings
  • 3 Units
  • Washington Hgts Blk 4 Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 013049 00028

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • MLS Map #: 745E
  • MAAR Subdivision Name: WASHINGTON HEIGHTS BLK 4
  • Freestanding: Yes
  • List Price Per Sq Ft: 3
  • Price Per Sq Ft: 225000
  • Estimated Sq Ft: 3248
  • Year Built: 1948
  • Construction: Wood/Composition
  • List Price Per Unit: 3000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: Vinyl Floor, Partial Carpet

Exterior Features

  • Foundation: Conventional/Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Gas
  • Laundry: Connections

Lot Info

  • Lot Number: 11
  • Acreage: 0.04
  • Lot Size: 50 X 141
  • Price Per Acre: 225000

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Assessor Parcel Number: 013049 00028

Multi Family

  • Total Number Of Units: 3
  • Number1 Bedroom Units: 2
  • Number Efficiency Studio Units: 1
  • Type of Unit: 1 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2019
Closed on
Nov 8, 2019
Sold by
Thomas Adrian
Bought by
Pruett Hui Lu and Twitty Scotty
Seller's Agent
Cresha Rounds
Adaro Realty, Inc.
Buyer's Agent
Cresha Rounds
Adaro Realty, Inc.
List Price
$24,900
Sold Price
$9,000
Premium/Discount to List
-$15,900
-63.86%
Current Estimated Value
$13,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,893
Avg. Annual Appreciation
7.61%
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
Pruett Hui Lu $9,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2019 11/08/19 Sold $9,000 0.0% $3 / Sq Ft
10/17/2019 10/17/19 Price Changed $9,000 -40.0% $3 / Sq Ft
08/07/2019 08/07/19 Price Changed $15,000 -39.8% $5 / Sq Ft
06/05/2019 06/05/19 For Sale $24,900 -- $8 / 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 -- $14,560 $2,800 $11,760
2024 -- $8,440 $1,400 $7,040
2023 $514 $8,440 $1,400 $7,040
2022 $514 $8,440 $1,400 $7,040
2021 $520 $8,440 $1,400 $7,040
2020 $336 $4,640 $1,400 $3,240
2019 $199 $6,240 $1,400 $4,840
2018 $199 $6,240 $1,400 $4,840
2017 $204 $6,240 $1,400 $4,840
2016 $493 $11,280 $0 $0
2014 $493 $11,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cresha Rounds

    Seller's Agent in 2019

    Cresha Rounds

    Adaro Realty, Inc.

    (901) 602-2890

    1 in this area

    28 Total Sales

    Cresha Rounds
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10054327

Memphis Area Association of REALTORS®

APN: 01-3049-0-0028

Tennessee Shelby County Memphis 38106 South Memphis

394 E Mclemore Ave, Memphis, TN

This home is located at 394 E Mclemore Ave, Memphis, TN 38106 since 05 June 2019 and is currently estimated at $13,893, approximately $4 per square foot. This property was built in 1948. 394 E Mclemore Ave is a home located in Shelby County with nearby schools including Larose Elementary School, Booker T. Washington Middle & High School, and Memphis Delta Preparatory Charter School.

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