NOT LISTED FOR SALE

503 Shawnee Ave Memphis, TN 38106

South Memphis Neighborhood

Estimated Value: $95,000 - $113,000

3 Beds
1 Bath
100-999 Sq Ft
$105/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $22,000 $22 Per Sq Ft

Est. 377% increase in value since last sale

Current estimated payment $602/month

About This Home

As of September 2020

Value Add Investment property. Vacant. Needs repair. Contact agent for details

Last Agent to Sell the Property

Alexander Hugo

Reedy & Company, REALTORS License #340563 Listed on: 08/10/2020

Last Buyer's Agent

Alexander Hugo

Reedy & Company, REALTORS License #340563 Listed on: 08/10/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $619

Year Built

  • Built in 1945

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x120

Home Design

  • Traditional Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 968 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • Johnsons Longview Heights Blk B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 049020 00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$619

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 747D
  • MAAR Subdivision Name: LONGVIEW HEIGHTS BLK B
  • List Price Per Sq Ft: 26
  • Number Of Stories: 1
  • Price Per Sq Ft: 22.73
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 968
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1

Lot Info

  • Lot Number: 84
  • Acreage: 0.2
  • Lot Size: 60X120
  • Price Per Acre: 125000

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 049020 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2021
Sold by
Mid South Homebuyers Gp
Bought by
Neosho Valley Investments Llc
Current Estimated Value
$104,945

Purchase Details

Listed on
Aug 10, 2020
Closed on
Sep 24, 2020
Sold by
Lam Wing Chi
Bought by
Mid South Homebuyers Gp
Seller's Agent
Alexander Hugo
Reedy & Company, REALTORS
Buyer's Agent
Alexander Hugo
Reedy & Company, REALTORS
List Price
$25,000
Sold Price
$22,000
Premium/Discount to List
-$3,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.01%

Purchase Details

Listed on
Apr 9, 2018
Closed on
Jul 17, 2018
Sold by
Harris Home Rehab Llc
Bought by
Lam Wing Chi
Seller's Agent
Elizabeth Glosson
Fast Track Realty, LLC
Buyer's Agent
Nicholas Pearce
Fast Track Realty, LLC
List Price
$22,500
Sold Price
$22,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.02%

Purchase Details

Closed on
Aug 5, 2009
Sold by
Alexander Charles W
Bought by
B B C Holdings Inc

Purchase Details

Closed on
Nov 20, 2006
Sold by
Deutsche Bank National Trust Co
Bought by
Alexander Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2006
Sold by
Smith Kenton J
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2006-1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2005
Sold by
Young Lee
Bought by
Smith Kenton J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
9.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2005
Sold by
Key Home Equity Services
Bought by
Young Lee

Purchase Details

Closed on
Jun 2, 2005
Sold by
Jackson R V and Jackson Lajorie
Bought by
Key Home Equity Services
Source: Public Records

Range of Values:

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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
Neosho Valley Investments Llc $82,500 Saddle Creek Title Llc
Mid South Homebuyers Gp $22,000 Delta Title Services Llc
Lam Wing Chi $22,500 Baymark Title & Escrow Servi
B B C Holdings Inc $40,000 None Available
Alexander Charles $13,700 Resource Title Of Tennessee
Deutsche Bank National Trust Co $11,900 None Available
Smith Kenton J $65,000 Title Enterprises Llc
Young Lee $14,900 Assured Escrow & Title
Key Home Equity Services $19,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexander Charles $50,400
Previous Owner Smith Kenton J $58,500
Closed Mid South Homebuyers Gp $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2020 09/28/20 Sold $22,000 -12.0% $220 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $25,000 +11.1% $250 / Sq Ft
07/17/2018 07/17/18 Sold $22,500 0.0% $225 / Sq Ft View Prior Sale
06/26/2018 06/26/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $22,500 -- $225 / 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 $619 $28,350 $2,000 $26,350
2024 $619 $18,250 $1,125 $17,125
2023 $1,112 $18,250 $1,125 $17,125
2022 $1,112 $18,250 $1,125 $17,125
2021 $612 $8,450 $1,125 $7,325
2020 $520 $7,175 $1,125 $6,050
2019 $229 $7,175 $1,125 $6,050
2018 $229 $7,175 $1,125 $6,050
2017 $235 $7,175 $1,125 $6,050
2016 $327 $7,475 $0 $0
2014 $327 $7,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alexander Hugo

    Reedy & Company, REALTORS

  • Elizabeth Glosson

    Seller's Agent in 2018

    Elizabeth Glosson

    Fast Track Realty, LLC

    (901) 336-8103

    3 in this area

    123 Total Sales

    Elizabeth Glosson
    Section Image
  • Nicholas Pearce

    Buyer's Agent in 2018

    Nicholas Pearce

    Fast Track Realty, LLC

    (402) 212-0615

    6 Total Sales

    Nicholas Pearce
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10082437

Memphis Area Association of REALTORS®

APN: 04-9020-0-0002

Tennessee Shelby County Memphis 38106 South Memphis

503 Shawnee Ave, Memphis, TN

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