NOT LISTED FOR SALE

502 E Dison Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $98,000 - $148,000

2 Beds
1 Bath
1,535 Sq Ft
$75/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $95,000 $62 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $591/month

16 Days on Market

Highlights

  • Updated Kitchen
  • Central Heating and Cooling System
  • 1-Story Property
  • Traditional Architecture
  • Level Lot

About This Home

As of August 2021

Duplex located in established neighborhood in South Memphis. Each unit features 2 Bedrooms and 1 Bathroom. Recently renovated. Both units are occupied. Please do not disturb the tenants.

Last Agent to Sell the Property

Lorrie Geeslin

Northpoint Asset Management, L License #284435 Listed on: 05/26/2021

Last Buyer's Agent

Connie Davis

Lawrence Johnson, REALTORS License #285941

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 57x155
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,535 Sq Ft Home
  • 1-Story Property
  • Updated Kitchen

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Johnsons Longview Heights Blk C Subdivision

Listing and Financial Details

  • Assessor Parcel Number 049032 00005

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 504 E
  • MAAR Subdivision Name: LONGVIEW HEIGHTS BLK C
  • Freestanding: Yes
  • List Price Per Sq Ft: 65
  • Number Of Stories: 1
  • Estimated Sq Ft: 1535
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Exterior Windows: Vinyl Siding

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Electric

Lot Info

  • Lot Description: Level
  • Lot Number: 5
  • Acreage: 0.14
  • Lot Size: 57X155

Rental Info

  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 049032 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2021
Closed on
Aug 26, 2021
Sold by
Franklin Associates Inc Solo 401K Trusts
Bought by
White Phillip L and White Glory A
Seller's Agent
Lorrie Geeslin
Northpoint Asset Management, L
Buyer's Agent
Connie Davis
Lawrence Johnson, REALTORS
List Price
$100,000
Sold Price
$95,000
Premium/Discount to List
-$5,000
-5%
Current Estimated Value
$105,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,584
Avg. Annual Appreciation
4.52%
Original Mortgage
$82,000
Outstanding Balance
$77,188
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$38,132

Purchase Details

Closed on
Sep 26, 2014
Sold by
Chapman Wilkinson Vera L and Chapman Vera L
Bought by
Franklin And Associates Inc Solo 401K
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
White Phillip L $95,000 Regency Title & Escrow Llc
Franklin And Associates Inc Solo 401K $10,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Phillip L $82,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $95,000 -5.0% $62 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $100,000 0.0% $65 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $100,000 -- $65 / 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 $465 $31,520 $3,200 $28,320
2024 $465 $13,720 $1,800 $11,920
2023 $836 $13,720 $1,800 $11,920
2022 $836 $13,720 $1,800 $11,920
2021 $372 $13,720 $1,800 $11,920
2020 $518 $16,200 $1,800 $14,400
2019 $518 $16,200 $1,800 $14,400
2018 $518 $16,200 $1,800 $14,400
2017 $530 $16,200 $1,800 $14,400
2016 $881 $20,160 $0 $0
2014 $881 $20,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lorrie Geeslin

    Northpoint Asset Management, L

    Section Image
  • Connie Davis

    Buyer's Agent in 2021

    Connie Davis

    Lawrence Johnson, REALTORS

    (901) 690-0671

    5 in this area

    57 Total Sales

    Connie Davis
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10100323

Memphis Area Association of REALTORS®

APN: 04-9032-0-0005

Tennessee Shelby County Memphis 38106 South Memphis

502 E Dison Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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