$50,000
SOLD AUG 31, 2020
2 Beds
1 Bath
100-999 Sq Ft
0.25 Acres

Recently Sold

$50 Per Sq Ft

37% Below List Price

83 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Central Heating
  • Some Wood Windows
  • Storm Windows
  • Combination Dining and Living Room

About This Home

As of August 2020

Great investment opportunity on this 2/1 home in quiet cove. Minutes to the Liberty Bowl, the Children's Museum and more. Open living/dining area, cozy kitchen, two good-sized bedrooms and one full bath. Stained concrete floors. Central Heat w/two window AC units. All appliances stay. Storage shed, good size lot. Move-in Ready! Seller is motivated! Sold AS-IS.

Last Agent to Sell the Property

Paige Arnold

Crye-Leike, Inc., REALTORS License #271151 Listed on: 05/21/2020

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Paige Arnold

Crye-Leike, Inc., REALTORS License #271151 Listed on: 05/21/2020

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $215

Year Built

  • Built in 1951

Lot Details

  • 0.25 Acre Lot
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 100-999 Sq Ft Home
  • 806 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Some Wood Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Concrete Flooring

Kitchen

  • Oven or Range
  • Gas Cooktop

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Remodeled Bathroom
  • 1 Full Bathroom

Home Security

  • Window Bars
  • Storm Windows
  • Iron Doors

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Cove
  • Porch

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • 220 Volts
  • Cable TV Available

Community Details

  • Lane Home Subdivision

Listing and Financial Details

  • Assessor Parcel Number 045019 00025

Home Details

Home Type

Single Family

Est. Annual Taxes

$215

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Milton
  • MLS Map #: 754G
  • MAAR Subdivision Name: LANE HOME
  • List Price Per Sq Ft: 98
  • Number Of Stories: 1
  • Price Per Sq Ft: 62.03
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 806
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Renovated Bathroom
  • Estimated Heated Sq Ft Range: 100-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Concrete Floor
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Gas Cooking, Refrigerator, Cable Available
  • Living Dining Kitchen: LR/DR Combination
  • Misc Interior: All Window Treatments, Vent Hood/Exhaust Fan
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Porch, Sidewalks
  • Exterior Windows: Wood/Composition, Wood Window(s), Storm Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad, On-Street Parking

Utilities

  • Cooling: Window Unit(s), Ceiling Fan(s), 220 Wiring
  • Heating: Central, Gas
  • Security: Iron Door(s), Window Guard(s), Dead Bolt Lock(s)
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Cove
  • Lot Number: 11
  • Acreage: 0.25
  • Lot Size: 36.01/138.4 + 22.49 X 105.21/148.99
  • Price Per Acre: 316000

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 045019 00025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Aug 31, 2020
Sold by
Brown Cheryl Ann and Burdette Christina M
Bought by
Mid South Rentals Llc
Seller's Agent
Paige Arnold
Crye-Leike, Inc., REALTORS
Buyer's Agent
Paige Arnold
Crye-Leike, Inc., REALTORS
List Price
$79,000
Sold Price
$50,000
Premium/Discount to List
-$29,000
-36.71%
Current Estimated Value
$82,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,280
Avg. Annual Appreciation
10.72%

Purchase Details

Closed on
Jul 7, 2015
Sold by
Kesran Llc
Bought by
Althoff Glenn

Purchase Details

Closed on
May 2, 2011
Sold by
Neimeyer Robert A and Story Kathryn E
Bought by
Kesran Llc

Purchase Details

Closed on
Mar 25, 2011
Sold by
Story James
Bought by
Neimeyer Robert A and Story Kathryn E

Purchase Details

Closed on
Oct 10, 2006
Sold by
Regions Bank
Bought by
Story James

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
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2006
Sold by
Walter Bernetta Evia
Bought by
Regions Bank

Purchase Details

Closed on
Jul 6, 1998
Sold by
Fearnley Michael A
Bought by
Walter Bernetta Evia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,675
Interest Rate
6.96%

Purchase Details

Closed on
Feb 10, 1998
Sold by
Harmon Joe
Bought by
Cougar Enterprises

Purchase Details

Closed on
Mar 10, 1997
Sold by
Weiss Arnold M
Bought by
Hud
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $50,000 None Available
Quit Claim Deed $11,000 Attorney
Warranty Deed $30,000 Multiple
Warranty Deed $30,000 Multiple
Special Warranty Deed $25,000 Executive Title & Closing
Trustee Deed $33,750 None Available
Warranty Deed $39,000 --
Quit Claim Deed -- Stewart Title Company
Trustee Deed $34,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $56,000 New Conventional
Previous Owner $30,000 Purchase Money Mortgage
Previous Owner $30,675 No Value Available
Closed $10,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $50,000 -36.7% $500 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
07/29/2020 07/29/20 Price Changed $79,000 0.0% $790 / Sq Ft
07/29/2020 07/29/20 For Sale $79,000 +58.0% $790 / Sq Ft
06/01/2020 06/01/20 Off Market $50,000 -- --
05/21/2020 05/21/20 For Sale $119,900 -- $1,199 / 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 $215 $15,500 $5,600 $9,900
2024 $215 $6,350 $1,825 $4,525
2023 $387 $6,350 $1,825 $4,525
2022 $387 $6,350 $1,825 $4,525
2021 $219 $7,600 $1,825 $5,775
2020 $413 $5,700 $1,825 $3,875
2019 $182 $5,700 $1,825 $3,875
2018 $182 $5,700 $1,825 $3,875
2017 $238 $7,275 $1,825 $5,450
2016 $296 $6,775 $0 $0
2014 $296 $6,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10076922

Memphis Area Association of REALTORS®

APN: 04-5019-0-0025