NOT LISTED FOR SALE

534 Summitt St Memphis, TN 38104

Cooper-Young Neighborhood

Estimated Value: $187,000 - $208,207

1 Bed
1 Bath
1,353 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $214,000 $158 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,179/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Eat-In Kitchen
  • Wood Flooring
  • 4 Car Attached Garage
  • Central Heating

About This Home

As of July 2024

Duplex in Excellent Midtown Location. Each unit is 1 br 1 bath, Parking area in rear of property. Currently used as short term rentals, long term rents are projected at $1000 per month each side. Hardwood Floors throughout and tile in kitchen. Appliances stay. Located just off Cooper just a few blocks from Overton Square and Cooper Young. ALL FURNISHINGS IN BOTH UNITS INCLUDED IN PRICE.

Last Agent to Sell the Property

Chris Garland

Crye-Leike, Inc., REALTORS License #232993 Listed on: 06/11/2024

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Samantha Rivera

REMAX Experts License #341524

REMAX Experts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,726

Year Built

  • Built in 1947

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 48x158
  • Few Trees

Home Design

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

Interior Spaces

  • 1,353 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range

Parking

  • 4 Car Attached Garage
  • Driveway

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Central Heating
  • Floor Furnace
  • Gas Water Heater

Community Details

  • Lenox Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, trash collection
  • Assessor Parcel Number 028010 00023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,726

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Vinton
  • Second Address Number: 536
  • MAAR Subdivision Name: LENOX
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 1353
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Appliances Equipment: Refrigerator, Range/Oven (Freestanding)
  • Estimated Entire Duplex Sq Ft: 1200-1399

Exterior Features

  • Exterior Windows: Wood/Composition, Wood Window(s)
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 4
  • Parking Display: 4A
  • Parking: Driveway/Pad

Utilities

  • Cooling: 2+ Window Units per Unit
  • Heating: Central, Floor Furnace
  • Hot Water: Gas

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 2
  • Acreage: 0.17
  • Lot Size: 48X158
  • Geo Subdivision: TN

Rental Info

  • Tenants Pay: All Utilities, Trash Collection
  • Type Of Leases: Daily

Tax Info

  • Assessor Parcel Number: 028010 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Jul 15, 2024
Sold by
H & H Realty Llc
Bought by
Bauer Wesley and Bauer Bethany Dara
Seller's Agent
Chris Garland
Crye-Leike, Inc., REALTORS
Buyer's Agent
Samantha Rivera
REMAX Experts
List Price
$209,000
Sold Price
$214,000
Premium/Discount to List
$5,000
2.39%
Views
4
Current Estimated Value
$197,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,198
Avg. Annual Appreciation
-5.96%
Original Mortgage
$171,200
Outstanding Balance
$169,155
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$28,647

Purchase Details

Listed on
Sep 1, 2016
Closed on
Sep 29, 2016
Sold by
Mid South Rental Llc
Bought by
H & H Realty Llc
Seller's Agent
Jennifer Arendale
Coldwell Banker Collins-Maury
Buyer's Agent
Michelle Koeppen
Ware Jones, REALTORS
List Price
$119,900
Sold Price
$125,700
Premium/Discount to List
$5,800
4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.06%
Original Mortgage
$104,731
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 2008
Sold by
Norton Robert S
Bought by
Mid South Rental Llc

Purchase Details

Closed on
Jul 18, 2001
Sold by
Rheault John
Bought by
Norton Robert S

Purchase Details

Closed on
Dec 17, 1996
Sold by
Middleton William P and Middleton Dennis L
Bought by
Rheault John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,326
Interest Rate
7.51%
Mortgage Type
Seller Take Back
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
Bauer Wesley $214,000 None Listed On Document
H & H Realty Llc $125,700 Delta Title Services Llc
Mid South Rental Llc -- Edco Title & Closing Service
Norton Robert S $69,900 --
Rheault John $65,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bauer Wesley $171,200
Previous Owner H & H Realty Llc $104,731
Previous Owner Rheault John $31,326
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2024 07/15/24 Sold $214,000 -0.5% $158 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
06/15/2024 06/15/24 Price Changed $215,000 +2.9% $159 / Sq Ft
06/11/2024 06/11/24 For Sale $209,000 +66.3% $154 / Sq Ft
09/29/2016 09/29/16 Sold $125,700 +4.8% $93 / Sq Ft View Prior Sale
09/04/2016 09/04/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $119,900 -- $89 / 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 $1,726 $86,840 $21,560 $65,280
2024 $1,726 $50,920 $14,760 $36,160
2023 $3,102 $50,920 $14,760 $36,160
2022 $3,102 $50,920 $14,760 $36,160
2021 $3,138 $50,920 $14,760 $36,160
2020 $2,356 $32,520 $14,760 $17,760
2019 $2,356 $32,520 $14,760 $17,760
2018 $2,356 $32,520 $14,760 $17,760
2017 $1,337 $32,520 $14,760 $17,760
2016 $1,633 $37,360 $0 $0
2014 $1,633 $37,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Garland

    Seller's Agent in 2024

    Chris Garland

    Crye-Leike

    (901) 338-3226

    3 in this area

    127 Total Sales

    Chris Garland
    Section Image
  • Samantha Rivera

    Buyer's Agent in 2024

    Samantha Rivera

    RE/MAX

    (901) 849-1847

    3 in this area

    63 Total Sales

    Samantha Rivera
    Section Image
  • Jennifer Arendale

    Seller's Agent in 2016

    Jennifer Arendale

    Coldwell Banker Collins-Maury

    (901) 218-5781

    157 Total Sales

    Jennifer Arendale
    Section Image
  • Michelle Koeppen

    Buyer's Agent in 2016

    Michelle Koeppen

    Ware Jones, REALTORS

    (901) 650-6053

    20 in this area

    71 Total Sales

    Michelle Koeppen
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10174354

Memphis Area Association of REALTORS®

APN: 02-8010-0-0023

Tennessee Shelby County Memphis 38104 Cooper-Young

534 Summitt St, Memphis, TN

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