NOT LISTED FOR SALE

589 Stephens Place Memphis, TN 38126

South Memphis Neighborhood

Estimated Value: $43,000 - $81,000

3 Beds
1 Bath
1,600-1,799 Sq Ft
$33/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $18,000 $10 Per Sq Ft

Est. 231% increase in value since last sale

Current estimated payment $339/month

Highlights

  • Traditional Architecture
  • Some Wood Windows
  • Tile Flooring
  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • Level Lot

About This Home

As of November 2021

Large home with tons of potential. Great opportunity for an investor or savvy buyer with a vision.

Last Agent to Sell the Property

Chris Mosby

ResiAmerica, Inc. License #282881 Listed on: 10/06/2021

Last Buyer's Agent

Randall Garrett

Franchise Realty, LLC License #309803

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $253

Year Built

  • Built in 1922

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x137
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,660 Sq Ft Home
  • 2-Story Property
  • Some Wood Windows
  • Iron Doors
  • Eat-In Kitchen

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Utilities

  • Heating System Uses Gas

Community Details

  • Divine Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 025021 00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$253

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 745E
  • MAAR Subdivision Name: DIVINE HILL
  • List Price Per Sq Ft: 12
  • Number Of Stories: 2
  • Price Per Sq Ft: 10.84
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1660
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: Primary Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedrooms: 3
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Carpet, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: Eat-In Kitchen
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer, Wood/Composition

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Heating: Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 19&20
  • Acreage: 0.12
  • Lot Size: 40X137
  • Price Per Acre: 165833

Multi Family

  • Number Of Rooms: 9

Tax Info

  • Assessor Parcel Number: 025021 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2021
Closed on
Dec 9, 2021
Sold by
U S Bank Trust National Association
Bought by
S And L Real Estate Investment Sllc
Seller's Agent
Chris Mosby
ResiAmerica, Inc.
Buyer's Agent
Randall Garrett
Franchise Realty, LLC
List Price
$19,900
Sold Price
$18,000
Premium/Discount to List
-$1,900
-9.55%
Current Estimated Value
$59,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,619
Avg. Annual Appreciation
38.72%
Original Mortgage
$18,000
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2021
Sold by
Porter Yvette
Bought by
U S Bank Trust National Association and Citigroup Mortgage Loan Trust 2019 C

Purchase Details

Closed on
Nov 18, 2011
Sold by
Winfrey Willie
Bought by
Winfrey Willie

Purchase Details

Closed on
Jun 13, 2007
Sold by
Brooks Bassil G and Brooks Mary A
Bought by
Porter Yvette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2007
Sold by
Fm Properties Llc
Bought by
Brooks Bassil G and Brooks Mary A

Purchase Details

Closed on
Dec 27, 2006
Sold by
Citimortgage Inc
Bought by
Fm Properties Llc

Purchase Details

Closed on
Aug 25, 2006
Sold by
Mitchell John F
Bought by
Citimortgage Inc

Purchase Details

Closed on
Jul 11, 2004
Sold by
County Of Shelby
Bought by
Winfrey Willie J

Purchase Details

Closed on
Nov 27, 1995
Sold by
Fair Graten
Bought by
Mitchell John F
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
S And L Real Estate Investment Sllc $18,000 Commercial Title Group Llc
U S Bank Trust National Association $30,166 None Available
Winfrey Willie -- None Available
Porter Yvette $65,000 Assured Escrow & Title
Brooks Bassil G $11,250 Edco Title & Closing Service
Fm Properties Llc $8,750 Edco Title & Closing Service
Citimortgage Inc $14,856 None Available
Winfrey Willie J $2,500 --
Mitchell John F -- Memphis Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S And L Real Estate Investment $110,000
Closed S And L Real Estate Investment $48,000
Closed S And L Real Estate Investment Sllc $18,000
Previous Owner Porter Yvette $52,000
Previous Owner Mitchell John F $49,329
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2021 11/23/21 Sold $18,000 -9.5% $11 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $19,900 -- $12 / 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 $253 $11,025 $1,750 $9,275
2024 $253 $7,450 $875 $6,575
2023 $454 $7,450 $875 $6,575
2022 $454 $7,450 $875 $6,575
2021 $257 $7,450 $875 $6,575
2020 $451 $6,225 $875 $5,350
2019 $199 $6,225 $875 $5,350
2018 $199 $6,225 $875 $5,350
2017 $204 $6,225 $875 $5,350
2016 $272 $6,225 $0 $0
2014 $272 $6,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Mosby

    Seller's Agent in 2021

    Chris Mosby

    ResiAmerica, Inc.

    (901) 830-7200

    4 in this area

    386 Total Sales

    Chris Mosby
    Section Image

  • R

    Buyer's Agent in 2021

    Randall Garrett

    Franchise Realty, LLC

    (901) 502-7548

    1 in this area

    24 Total Sales

    Randall Garrett
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10110125

Memphis Area Association of REALTORS®

APN: 02-5021-0-0010

Tennessee Shelby County Memphis 38126 South Memphis

589 Stephens Place, Memphis, TN

This home is located at 589 Stephens Place, Memphis, TN 38126 since 06 October 2021 and is currently estimated at $59,619, approximately $33 per square foot. This property was built in 1922. 589 Stephens Place is a home located in Shelby County with nearby schools including Larose Elementary School, Booker T. Washington Middle & High School, and Soulsville Charter School.

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