NOT LISTED FOR SALE

492 E Mallory Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $58,000 - $135,000

2 Beds
1 Bath
1,520 Sq Ft
$59/Sq Ft Est. Value

Last Sold October 30, 2019

Last sale price $43,999 $29 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $563/month

11 Days on Market

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Eat-In Kitchen
  • Separate Formal Living Room
  • Porch
  • Partially Carpeted

About This Home

As of October 2019

Fully rented, one long term tenant 5+ years, little or no repairs required. Gross pay back 4 years (monthly $950)

Last Agent to Sell the Property

Howard Averyhart

The Peyton Co., Inc., REALTORS License #50149 Listed on: 10/11/2019

Last Buyer's Agent

Ashley Wisch

eXp Realty, LLC License #345883

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 49x138
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

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

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Separate Formal Living Room
  • Partially Carpeted
  • Eat-In Kitchen

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Mallory Heights Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 049010 00028

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 494
  • MAAR Subdivision Name: Mallory Heights
  • Freestanding: Yes
  • List Price Per Sq Ft: 26
  • Number Of Stories: 1
  • Estimated Sq Ft: 1520
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Part Carpet
  • Appliances Equipment: Refrigerator

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: 1 Window Unit per Unit
  • Heating: Gas
  • Hot Water: Gas

Lot Info

  • Lot Description: Some Trees, Level
  • Acreage: 0.16
  • Lot Size: 49x138

Rental Info

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

Tax Info

  • Assessor Parcel Number: 049010 00028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2019
Closed on
Dec 9, 2019
Sold by
Peck Karen Kuo
Bought by
Mender Properties Llc
Seller's Agent
Howard Averyhart
The Peyton Co., Inc., REALTORS
Buyer's Agent
Ashley Wisch
eXp Realty, LLC
List Price
$40,000
Sold Price
$43,999
Premium/Discount to List
$3,999
10%
Current Estimated Value
$101,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,668
Avg. Annual Appreciation
12.24%

Purchase Details

Listed on
Oct 11, 2019
Closed on
Oct 30, 2019
Sold by
Mason Clara A
Bought by
Peck Karen Kuo
Seller's Agent
Howard Averyhart
The Peyton Co., Inc., REALTORS
Buyer's Agent
Ashley Wisch
eXp Realty, LLC
List Price
$40,000
Sold Price
$43,999
Premium/Discount to List
$3,999
10%
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
Mender Properties Llc -- Accommodation
Peck Karen Kuo $43,999 Home Surety T&E Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2019 10/30/19 Sold $43,999 +10.0% $29 / Sq Ft
10/11/2019 10/11/19 For Sale $40,000 -- $26 / 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 $434 $20,880 $3,200 $17,680
2024 -- $12,800 $1,600 $11,200
2023 $780 $12,800 $1,600 $11,200
2022 $780 $12,800 $1,600 $11,200
2021 $789 $12,800 $1,600 $11,200
2020 $1,127 $15,560 $1,600 $13,960
2019 $497 $15,560 $1,600 $13,960
2018 $497 $15,560 $1,600 $13,960
2017 $509 $15,560 $1,600 $13,960
2016 $825 $18,880 $0 $0
2014 $825 $18,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2019

    Howard Averyhart

    The Peyton Co., Inc., REALTORS

    (901) 230-3571

    6 Total Sales

    Howard Averyhart
    Section Image
  • Ashley Wisch

    Buyer's Agent in 2019

    Ashley Wisch

    eXp Realty, LLC

    (901) 361-1293

    280 Total Sales

    Ashley Wisch
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10064430

Memphis Area Association of REALTORS®

APN: 04-9010-0-0028

Tennessee Shelby County Memphis 38106 South Memphis

492 E Mallory Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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