NOT LISTED FOR SALE

Estimated Value: $149,847 - $171,000

3 Beds
2 Baths
2,504 Sq Ft
$65/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $161,067 $64 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $962/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring
  • Level Lot

About This Home

As of April 2022

Great, well-maintained duplex in a very popular neighborhood for renters! Central heat/air on both sides. Brand new roof, just installed 3/2022! Both units had big rehabs prior to leasing. Big, 3/2 units are always in demand here. They are both occupied, one for $625 and the other for $700 on current leases with paying tenants! Market rent in here is $850-900/unit, so there is room to grow the rents and really turn this into a long-term for you! No showings until under contract.

Last Agent to Sell the Property

Randall Weatherall

Memphis Metro Realty License #348070 Listed on: 03/30/2022

Last Buyer's Agent

Jerry Modesto

Crye-Leike, Inc., REALTORS License #268749

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,010

Year Built

  • Built in 1972

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75x130
  • Level Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,504 Sq Ft Home
  • 1-Story Property
  • Attic Access Panel

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Heritage Colony 1St Addn Rev Blk C Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 093417 F00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,010

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 5424
  • MLS Map #: 785A
  • MAAR Subdivision Name: HERITAGE COLONY 1ST ADD BLK C
  • Freestanding: Yes
  • List Price Per Sq Ft: 64
  • Number Of Stories: 1
  • Price Per Sq Ft: 64.32
  • Estimated Sq Ft: 2504
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Tile
  • Estimated Entire Duplex Sq Ft: 2400-2599
  • Miscellaneous Interior: Attic Access

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central, Gas
  • Hot Water: Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 390
  • Acreage: 0.22
  • Lot Size: 75X130
  • Price Per Acre: 726818

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 093417 F00012

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2022
Sold by
Island Home Llc
Bought by
Moku Real Estate Partnership Llc
Current Estimated Value
$162,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,812
Outstanding Balance
$704,007
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
-$541,545

Purchase Details

Listed on
Mar 30, 2022
Closed on
Apr 22, 2022
Sold by
2 Plus 2 Equals 1 Llc
Bought by
Island Home Llc
Seller's Agent
Randall Weatherall
Memphis Metro Realty
Buyer's Agent
Jerry Modesto
Crye-Leike, Inc., REALTORS
List Price
$159,900
Sold Price
$161,067
Premium/Discount to List
$1,167
0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.26%

Purchase Details

Closed on
Aug 1, 2011
Sold by
Fannie Mae
Bought by
2 Plus 2 Equals 1 Llc

Purchase Details

Closed on
May 10, 2007
Sold by
H & J Property Llc
Bought by
Brown Andrew N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2007
Sold by
Moeller Alberta S
Bought by
H & J Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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
Moku Real Estate Partnership Llc -- Executive Title & Closing
Island Home Llc $161,067 Executive Title & Closing
2 Plus 2 Equals 1 Llc $27,300 Multiple
Brown Andrew N $104,900 None Available
H & J Properties Llc $84,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moku Real Estate Partnership Llc $726,812
Previous Owner Brown Andrew N $94,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2022 04/26/22 Sold $161,067 +0.7% $64 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $159,900 -- $64 / 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 $1,010 $65,720 $8,600 $57,120
2024 $1,010 $29,800 $5,400 $24,400
2023 $1,815 $29,800 $5,400 $24,400
2022 $1,815 $29,800 $5,400 $24,400
2021 $2,158 $29,800 $5,400 $24,400
2020 $1,927 $26,600 $5,400 $21,200
2019 $850 $26,600 $5,400 $21,200
2018 $850 $26,600 $5,400 $21,200
2017 $870 $26,600 $5,400 $21,200
2016 $1,134 $25,960 $0 $0
2014 $1,134 $25,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10120565

Memphis Area Association of REALTORS®

APN: 09-3417-F0-0012