NOT LISTED FOR SALE
64 Beds
-- Bath
28,800 Sq Ft
1973 Built

Sale Details

Date Sold: July 19, 2013

Last sale price $950,000 $33 Per Sq Ft

5 Days on Market

About This Home

As of July 2013

This 32 unit property is located in Highpoint Terrace. The units are all 2 Br 1Ba . The scheduled monthly rents are $17,500 .

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/26/2013

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/26/2013

Crye-Leike Commercial
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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1973

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 28,800 Sq Ft Home
  • 2-Story Property
  • Built-In Range
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 044093 00100C

Community Details

Overview

  • 2 Buildings
  • 32 Units
  • Highpoint Terrace Subdivision

Building Details

  • Insurance Expense $4,995
  • Utility Expense $1,208

Property Details

Home Type

Apartment

Year Built

Built in 1973

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: HIGHPOINT TERRACE
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 28800
  • Year Built: 1973
  • Construction: Brick/Veneer
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances Equipment: Refrigerator, Range/Oven (Built-In)

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake, Pitched

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Gas
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Connections

Lot Info

  • Lot Number: 7
  • Lot Size: 66625
  • Improved Sq Ft: 28800
  • Land Sq Ft: 66625

Rental Info

  • Actual Annual Rent: 195320
  • Leaseable Sq Ft: 28800
  • Tenant Pays: All Utilities
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 044093 00100C

Multi Family

  • Perc Occ: 90
  • Total Number Of Units: 32
  • Number2 Bedroom Units: 32
  • Type of Unit: 2 BR - 1 Bath

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2020
Sold by
Bought by

Purchase Details

Listed on
Apr 26, 2013
Closed on
Jul 19, 2013
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 26, 2013
Closed on
Jun 24, 2013
Sold by
Bought by
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$950,000 None Available
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $760,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/19/2013 07/19/13 Sold $950,000 -13.6% $33 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
04/26/2013 04/26/13 For Sale $1,100,000 -- $38 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,282 $270,720 $53,280 $217,440
2024 $7,472 $220,400 $29,960 $190,440
2023 $13,426 $220,400 $29,960 $190,440
2022 $13,426 $220,400 $29,960 $190,440
2021 $13,583 $220,400 $29,960 $190,440
2020 $13,101 $180,800 $29,960 $150,840
2019 $13,101 $180,800 $29,960 $150,840
2018 $13,101 $180,800 $29,960 $150,840
2017 $7,431 $180,800 $29,960 $150,840
2016 $5,254 $120,240 $0 $0
2014 $5,254 $120,240 $0 $0
Source: Public Records

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3270355

Memphis Area Association of REALTORS®
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