NOT LISTED FOR SALE

554 Summitt St Unit 552 Memphis, TN 38104

Cooper-Young Neighborhood

Estimated Value: $236,000 - $307,000

4 Beds
2 Baths
2,455 Sq Ft
$116/Sq Ft Est. Value

Last Sold October 30, 2015

Last sale price $144,000 $59 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $1,697/month

Highlights

  • Deck
  • Great Room
  • Detached Garage
  • Traditional Architecture
  • Some Wood Windows
  • Porch

About This Home

As of October 2015

Excellent income producing property with long term leases. Each unit rents for $775.

Last Agent to Sell the Property

Sherry Harbur

Harbur Realty License #274284 Listed on: 08/03/2015

Harbur Realty

Last Buyer's Agent

Tammy Bunnell

Crye-Leike, Inc., REALTORS License #251515

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,533

Year Built

  • Built in 1985

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 46 x 158
  • Level Lot
  • Few Trees

Home Design

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

Interior Spaces

  • 2,455 Sq Ft Home
  • 2-Story Property
  • Some Wood Windows
  • Window Treatments
  • Great Room
  • Dining Area
  • Partially Carpeted
  • Attic Access Panel

Kitchen

  • Breakfast Bar
  • Built-In Range
  • Free-Standing Range
  • Dishwasher
  • Disposal

Parking

  • Detached Garage
  • Driveway

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • Lenox Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, lawn maintenance
  • Assessor Parcel Number 028010 00019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,533

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Cross Street: Vinton
  • Second Address Number: 554
  • MAAR Subdivision Name: LENOX
  • Freestanding: Yes
  • List Price Per Sq Ft: 69
  • Number Of Stories: 2
  • Estimated Sq Ft: 2455
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Part Carpet
  • Appliances Equipment: Refrigerator, Range/Oven (Built-In), Range/Oven (Freestanding), Disposal, Dishwasher
  • Miscellaneous Interior: Excl Some Window Treatmnt, Attic Access

Exterior Features

  • Misc Exterior: Porch, Deck
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Parking Display: G0D
  • Parking: Driveway/Pad, Back-Load Garage

Utilities

  • Cooling: Central Cooling
  • Heating: Gas

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: S PT 41
  • Acreage: 0.16
  • Lot Size: 46 X 158

Rental Info

  • Tenants Pay: All Utilities, Lawn Maintenance
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 028010 00019

Multi Family

  • Perc Occ: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2015
Closed on
Oct 29, 2015
Sold by
House Scott
Bought by
Frazwer Matthew P and Frazwer Katherine M
Seller's Agent
Sherry Harbur
Harbur Realty
Buyer's Agent
Tammy Bunnell
Crye-Leike, Inc., REALTORS
List Price
$177,000
Sold Price
$144,000
Premium/Discount to List
-$33,000
-18.64%
Current Estimated Value
$283,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,981
Avg. Annual Appreciation
7.03%
Original Mortgage
$100,800
Outstanding Balance
$79,552
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$204,429

Purchase Details

Closed on
Jul 25, 2002
Sold by
Dees Frank A
Bought by
House Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,450
Interest Rate
6.62%
Source: Public Records

Range of Values:

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Average Value
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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
Frazwer Matthew P $144,000 None Available
House Scott $150,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frazwer Matthew P $100,800
Previous Owner House Scott $135,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2015 10/30/15 Sold $144,000 -18.6% $59 / Sq Ft
09/11/2015 09/11/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $177,000 -- $72 / 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 $2,533 $122,440 $21,480 $100,960
2024 $2,533 $74,720 $14,240 $60,480
2023 $4,552 $74,720 $14,240 $60,480
2022 $4,552 $74,720 $14,240 $60,480
2021 $4,605 $74,720 $14,240 $60,480
2020 $4,232 $58,400 $14,240 $44,160
2019 $4,232 $58,400 $14,240 $44,160
2018 $4,232 $58,400 $14,240 $44,160
2017 $2,400 $58,400 $14,240 $44,160
2016 $3,440 $78,720 $0 $0
2014 $2,150 $49,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sherry Harbur

    Seller's Agent in 2015

    Sherry Harbur

    Harbur Realty

    (901) 496-8193

    78 Total Sales

    Sherry Harbur
    Section Image
  • Tammy Bunnell

    Buyer's Agent in 2015

    Tammy Bunnell

    Crye-Leike

    (901) 870-4181

    57 Total Sales

    Tammy Bunnell
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9958116

Memphis Area Association of REALTORS®

APN: 02-8010-0-0019

Tennessee Shelby County Memphis 38104 Cooper-Young

554 Summitt St Unit 552, Memphis, TN

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