NOT LISTED FOR SALE

Estimated Value: $153,000 - $181,809

2 Beds
2 Baths
2,563 Sq Ft
$67/Sq Ft Est. Value

Last Sold January 23, 2023

Last sale price $167,500 $65 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $985/month

19 Days on Market

Highlights

  • Traditional Architecture
  • Great Room
  • Central Heating and Cooling System
  • Wood Flooring
  • Storage Room
  • Level Lot

About This Home

As of January 2023

Immediately income producing unit. $925 per month with a $925 deposit effective december 2022 for 12 months. Could collect $1850 at the least, but could be more because of the high demand. new roof, paint inside/out, light fixtures throughout, faucet fixtures, stove/dishwasher, hardwood and carpet flooring. new furnace in 5679. Pretty much a turn key unit already collecting income. Potential Renters ready for the other side, and owner can have both units occupied before closing.

Last Agent to Sell the Property

Markey Granberry

C21 Patterson & Assoc. Real Es License #276809 Listed on: 12/07/2022

C21 Patterson & Assoc. Real Es

Last Buyer's Agent

Meredith Ewen

Keller Williams License #363412

Keller Williams

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $854

Year Built

  • Built in 1973

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 80x139
  • Level Lot

Parking

  • Driveway

Home Design

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

Interior Spaces

  • 2,563 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Aluminum Window Frames
  • Great Room
  • Storage Room
  • Fire and Smoke Detector
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Heritage Colony 1St Addn Rev Blk B Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, heating, gas, electric, water/sewer, lawn maintenance
  • Assessor Parcel Number 093417 E00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$854

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 5679
  • MLS Map #: 785A
  • MAAR Subdivision Name: HERITAGE COLONY 1ST ADD BLK B
  • Number Of Stories: 2
  • Price Per Sq Ft: 65.35
  • Estimated Sq Ft: 2563
  • Year Built: 1973
  • List Price/ Sq Ft: 64
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Appliances Equipment: Dishwasher, Smoke Detector(s)
  • Miscellaneous Interior: All Window Treatments

Exterior Features

  • Exterior Windows: Brick Veneer, Aluminum/Steel Siding, Stone
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking: Driveway/Pad, Storage Room(s)

Utilities

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

Lot Info

  • Lot Description: Level
  • Lot Number: 216
  • Acreage: 0.25
  • Lot Size: 80X139
  • Price Per Acre: 659600

Rental Info

  • Tenants Pay: All Utilities, Heating, Gas, Electric, Water/Sewer, Lawn Maintenance
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 093417 E00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2022
Closed on
Jan 20, 2023
Sold by
Grandberry Markey
Bought by
Wiese Scott
Seller's Agent
Markey Granberry
C21 Patterson & Assoc. Real Es
Buyer's Agent
Meredith Ewen
Keller Williams
List Price
$164,900
Sold Price
$167,500
Premium/Discount to List
$2,600
1.58%
Views
5
Current Estimated Value
$171,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,202
Avg. Annual Appreciation
0.92%
Original Mortgage
$125,625
Outstanding Balance
$121,530
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$50,172

Purchase Details

Closed on
Aug 4, 2007
Sold by
Hartley Lonnie O and Mills Teresa Hartley
Bought by
Granberry Markey

Purchase Details

Closed on
Dec 27, 2005
Sold by
Hartley Lonnie O
Bought by
Hartley Lonnie O and Mills Teresa Hartley
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
Wiese Scott $167,500 Preferred Title & Escrow
Granberry Markey $72,500 None Available
Hartley Lonnie O $192,970 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiese Scott $125,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2023 01/23/23 Sold $167,500 +1.6% $65 / Sq Ft
12/26/2022 12/26/22 Pending -- -- --
12/21/2022 12/21/22 For Sale $164,900 0.0% $64 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
12/07/2022 12/07/22 For Sale $164,900 -- $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 $854 $61,920 $8,600 $53,320
2024 $854 $25,200 $5,400 $19,800
2023 $1,535 $25,200 $5,400 $19,800
2022 $1,535 $25,200 $5,400 $19,800
2021 $1,824 $25,200 $5,400 $19,800
2020 $1,710 $23,600 $5,400 $18,200
2019 $754 $23,600 $5,400 $18,200
2018 $754 $23,600 $5,400 $18,200
2017 $772 $23,600 $5,400 $18,200
2016 $1,222 $27,960 $0 $0
2014 $1,222 $27,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10138833

Memphis Area Association of REALTORS®

APN: 09-3417-E0-0004