NOT LISTED FOR SALE

525 Laclede Ave Memphis, TN 38126

South Memphis Neighborhood
5 Beds
-- Bath
2,680 Sq Ft
9,583 Sq Ft Lot

Last Sold April 13, 2020

Last sale price $129,000 $48 Per Sq Ft

12 Days on Market

About This Home

As of April 2020

This 5 unit building is located just minutes south of Booming Downtown Memphis! The units are all 1 bedroom. The total schedule monthly income is 1500.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 03/01/2020

Crye-Leike Commercial

Last Buyer's Agent

John Cornes

Braden, Braden & Braden LLC License #303183

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1959

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 50 x 200

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,680 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 025029 00011

Community Details

Overview

  • 5 Units
  • Washington Hgts Blk 2 Subdivision

Building Details

  • Insurance Expense $995
  • Operating Expense $5,238

Property Details

Home Type

Apartment

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: WASHINGTON HEIGHTS BLK 2
  • Freestanding: Yes
  • List Price Per Sq Ft: 52
  • Number Of Stories: 1
  • Estimated Sq Ft: 2680
  • Year Built: 1959
  • Construction: Brick/Veneer
  • List Price Per Unit: 27800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Gas
  • Cooling Systems: 1 Window Unit per Unit
  • Heating Systems: Wall Heat

Lot Info

  • Lot Number: 34
  • Acreage: 0.22
  • Lot Size: 50 X 200
  • Improved Sq Ft: 2680
  • Land Sq Ft: 10000

Rental Info

  • Actual Annual Rent: 17400
  • Leaseable Sq Ft: 2680
  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 025029 00011

Multi Family

  • Total Number Of Units: 5
  • Type of Unit: 1 BR - 1 Bath

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2020 04/13/20 Sold $129,000 -7.2% $48 / Sq Ft
03/13/2020 03/13/20 Pending -- -- --
03/01/2020 03/01/20 For Sale $139,000 +85.3% $52 / Sq Ft
04/26/2016 04/26/16 Sold $75,000 0.0% $27 / Sq Ft View Prior Sale
03/04/2016 03/04/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $75,000 -- $27 / 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 $1,805 $73,520 $6,000 $67,520
2024 $1,805 $53,240 $5,800 $47,440
2023 $3,243 $53,240 $5,800 $47,440
2022 $3,243 $53,240 $5,800 $47,440
2021 $1,837 $53,240 $5,800 $47,440
2020 $1,762 $24,320 $5,800 $18,520
2019 $777 $24,320 $5,800 $18,520
2018 $777 $24,320 $5,800 $18,520
2017 $796 $24,320 $5,800 $18,520
2016 $561 $12,840 $0 $0
2014 $561 $12,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2020

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    4 in this area

    81 Total Sales

    Jeffrey Moore
    Section Image
  • John Cornes

    Buyer's Agent in 2020

    John Cornes

    Braden, Braden & Braden LLC

    (901) 268-8333

    2 in this area

    73 Total Sales

    John Cornes
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10072017

Memphis Area Association of REALTORS®
Tennessee Shelby County Memphis 38126 South Memphis

525 Laclede Ave, Memphis, TN

Not Listed for Sale

MultiFamily

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