NOT LISTED FOR SALE

56 E Frank Ave Memphis, TN 38109

South Memphis Neighborhood

Estimated Value: $78,798 - $114,000

2 Beds
1 Bath
821 Sq Ft
$111/Sq Ft Est. Value

Last Sold October 21, 2020

Last sale price $25,000 $30 Per Sq Ft

Est. 245% increase in value since last sale

Current estimated payment $476/month

10 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Level Lot
  • Some Wood Windows
  • Combination Dining and Living Room
  • 1-Story Property

About This Home

As of October 2020

Great Potential in this handy man's dream home featuring a living room/ dining room, kitchen, den, one bath, two bedrooms, partially floored attic that could be a third bedroom and a large fenced back yard. Use the FHA 203K or a rehab loan to repair and secure a house note that is cheaper than rent!SELLER MUST COMPLY WITH HUD GUIDELINES 24 CFR 206.125.&rdquo. Property is being sold as-is.

Last Agent to Sell the Property

Carol Tate

Tate Realty and Construction License #56037 Listed on: 09/28/2020

Last Buyer's Agent

Tonya Covington

KAIZEN Realty, LLC License #281371

KAIZEN Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 821 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Community Details

  • Frank Subdivision

Listing and Financial Details

  • Assessor Parcel Number 050060 00015

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: FRANK
  • List Price Per Sq Ft: 30
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 821
  • Year Built: 1948
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Master Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedroom 2 Description: Level 1
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination
  • Master Bedroom: Level 1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 22
  • Acreage: 0.17
  • Lot Size: 0.17

Tax Info

  • Assessor Parcel Number: 050060 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Oct 21, 2020
Sold by
Fannie Mae
Bought by
Covington Tonya
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Tonya Covington
KAIZEN Realty, LLC
List Price
$25,000
Sold Price
$25,000
Current Estimated Value
$86,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,334
Avg. Annual Appreciation
28.14%

Purchase Details

Listed on
Sep 28, 2020
Closed on
Oct 1, 2020
Sold by
Nationstar Mortgage Llc
Bought by
Federal National Mortgage Association
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Tonya Covington
KAIZEN Realty, LLC
List Price
$25,000
Sold Price
$25,000

Purchase Details

Closed on
Aug 21, 2020
Sold by
Jameson Freddie and Jamison Mary L
Bought by
Nationstar Mortagge Llc and Champion Mortgage Company
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Covington Tonya $25,000 None Available
Federal National Mortgage Association -- None Available
Nationstar Mortagge Llc $25,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2020 10/21/20 Sold $25,000 0.0% $30 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $25,000 -- $30 / 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 $303 $17,800 $2,000 $15,800
2024 -- $8,925 $1,000 $7,925
2023 $544 $8,925 $1,000 $7,925
2022 $544 $8,925 $1,000 $7,925
2021 $242 $8,925 $1,000 $7,925
2020 $620 $8,550 $1,000 $7,550
2019 $223 $8,550 $1,000 $7,550
2018 $223 $8,550 $1,000 $7,550
2017 $223 $8,550 $1,000 $7,550
2016 $286 $6,550 $0 $0
2014 $286 $6,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    1 in this area

    33 Total Sales

    Carol Tate
    Section Image
  • Tonya Covington

    Buyer's Agent in 2020

    Tonya Covington

    KAIZEN Realty, LLC

    (901) 870-5337

    18 Total Sales

    Tonya Covington
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10085842

Memphis Area Association of REALTORS®

APN: 05-0060-0-0015

Tennessee Shelby County Memphis 38109 South Memphis

56 E Frank Ave, Memphis, TN

Not Listed for Sale

Detached

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