NOT LISTED FOR SALE

500 E Pontotoc Ave Memphis, TN 38126

South City Neighborhood

Estimated Value: $259,000

0.07 Acre
$3,700,000 Price per Acre
3,049 Sq Ft Lot

Last Sold May 27, 2021

Last sale price $28,000

Est. 825% increase in value since last sale

Current estimated payment $1,334/month

3 Days on Market

About This Lot

As of May 2021

In walking distance to FedEx Forum and Downtown Memphis. Great opportunity for a redevelopment / new construction. Former home site. Over $1 Billion in nearby new development including Union Row. Drive by and contact me with any questions!

Last Agent to Sell the Property

John Cornes

Braden, Braden & Braden LLC License #303183 Listed on: 05/17/2021

Last Buyer's Agent

John Cornes

Braden, Braden & Braden LLC License #303183 Listed on: 05/17/2021

Property Details

Property Type

  • Land

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 64x50
  • Level Lot

Location

  • City Lot

Community Details

  • S Memphis Blk 53 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 007012 00022

Property Details

Property Type

Land

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Class: Land
  • Type: Land
  • Location: City
  • MAAR Subdivision Name: SOUTH MEMPHIS BLK 53
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved, Municipal

Association/Amenities

  • Uses Of Adjacent Area: Residential, Multi-Family

Lot Info

  • Lot Number: 3
  • Acreage: 0.07
  • Lot Size: 64X50
  • Zoning: RES
  • Improvements: Curbs and Gutters
  • Lots Available: 1 Only
  • Present Usage: None/Vacant
  • Shape: Regular
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Single Family, Multi-Family

Tax Info

  • Assessor Parcel Number: 007012 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
May 25, 2021
Sold by
Harris Property Management Llc
Bought by
Conway Latasha and Conway Michael
Seller's Agent
John Cornes
Braden, Braden & Braden LLC
Buyer's Agent
John Cornes
Braden, Braden & Braden LLC
List Price
$29,500
Sold Price
$28,000
Premium/Discount to List
-$1,500
-5.08%
Current Estimated Value
$259,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,000
Original Mortgage
$410,000
Outstanding Balance
$307,173
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2019
Closed on
Apr 24, 2020
Sold by
Sims Irene and Rodgers Loren Deann
Bought by
Harris Property Management Llc
Seller's Agent
Curtis Braden, CCIM
Braden, Braden & Braden LLC
Buyer's Agent
John Cornes
Braden, Braden & Braden LLC
List Price
$25,000
Sold Price
$18,000
Premium/Discount to List
-$7,000
-28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.98%
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 Buyer Sale Price Title Company
Conway Latasha $27,500 Preferred Title & Escrow Llc
Harris Property Management Llc $18,000 Saddle Creek Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conway Latasha $410,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2021 05/27/21 Sold $28,000 -5.1% --
05/17/2021 05/17/21 For Sale $29,500 +63.9% --
06/02/2020 06/02/20 Sold $18,000 0.0% -- View Prior Sale
04/24/2020 04/24/20 Sold $18,000 -28.0% -- View Prior Sale
04/16/2020 04/16/20 For Sale $25,000 +38.9% --
04/13/2020 04/13/20 Off Market $18,000 -- --
04/02/2020 04/02/20 For Sale $25,000 0.0% --
10/15/2019 10/15/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $25,000 -- --
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 -- $5,500 $5,500 --
2024 $30 $875 $875 --
2023 $53 $875 $875 $0
2022 $53 $875 $875 $0
2021 $54 $875 $875 $0
2020 $63 $875 $875 $0
2019 $28 $875 $875 $0
2018 $28 $875 $875 $0
2017 $29 $875 $875 $0
2016 $38 $875 $0 $0
2014 $38 $875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Cornes

    Seller's Agent in 2021

    John Cornes

    Braden, Braden & Braden LLC

    (901) 268-8333

    1 in this area

    73 Total Sales

    John Cornes
    Section Image
  • Curtis Braden, CCIM

    Seller's Agent in 2020

    Curtis Braden, CCIM

    Braden, Braden & Braden LLC

    (901) 323-1925

    1 in this area

    21 Total Sales

    Curtis Braden, CCIM
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10099509

Memphis Area Association of REALTORS®

APN: 00-7012-0-0022

Tennessee Shelby County Memphis 38126 South City

500 E Pontotoc Ave, Memphis, TN

Not Listed for Sale

Lots

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