Seller's Agent in 2019
Curtis Braden, CCIM
Braden, Braden & Braden LLC
(901) 323-1925
1 in this area
20 Total Sales
596 S Danny Thomas Blvd Memphis, TN 38126
South City Neighborhood
22
Beds
--
Bath
7,824
Sq Ft
0.4
Acre Lot
About This Home
As of November 201914-unit (Six 1BR/1BA & Eight 2BR/1BA) renovated apartment bldg in Downtown Memphis by the new Foote Homes South City $250 Million redevelopment on Danny Thomas Blvd & less than 1 mile from the $950 Million Union Row Development! Walking distance to FedEx Forum & located in one of Memphis’ Opportunity Zones.This unique property has a 14% CAP rate, gross rental income of $72,200 & 100% occupied (solid tenants). All units renovated in 2018 w/new water heaters, laminate hardwood floor, ceramic tile!
Last Agent to Sell the Property
Braden, Braden & Braden LLC License #284224 Listed on: 08/13/2019
Property Details
Home Type
- Apartment
Year Built
- Built in 1962
Lot Details
- 17,424 Sq Ft Lot
Home Design
- Slab Foundation
- Shingle Roof
Interior Spaces
- 7,824 Sq Ft Home
- Wood Flooring
Parking
- Gravel Driveway
- Off-Site Parking
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Community Details
- 14 Units
- Dearing Blk 4 Subdivision
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 011016 00041
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
Listed on
Aug 13, 2019
Closed on
Nov 12, 2019
Sold by
Bought by
Seller's Agent
Curtis Braden, CCIM
Braden, Braden & Braden LLC
Buyer's Agent
Randall Weatherall
Memphis Metro Realty
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,619
Interest Rate
0.035%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
0.0394%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 28, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
0.0416%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 21, 2005
Sold by
Bought by
Purchase Details
Closed on
Sep 29, 2003
Sold by
Bought by
Purchase Details
Closed on
Oct 15, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $435,000 | Preferred Title & Escrow Llc | ||
| $100,000 | Nexus Title & Escrow Llc | ||
| $42,500 | Preferred Title & Escrow Llc | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| $92,000 | -- |
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 | $324,619 | ||
| Closed | $50,000 | ||
| Closed | $90,000 |
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 |
|---|---|---|---|---|
| 11/15/2019 11/15/19 | Sold | $435,000 | -3.3% | $56 / Sq Ft |
| 08/13/2019 08/13/19 | For Sale | $450,000 | -- | $58 / 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 | $5,323 | $197,880 | $37,640 | $160,240 |
| 2024 | $6,225 | $183,640 | $14,800 | $168,840 |
| 2023 | $11,187 | $183,640 | $14,800 | $168,840 |
| 2022 | $11,187 | $183,640 | $14,800 | $168,840 |
| 2021 | $11,318 | $183,640 | $14,800 | $168,840 |
| 2020 | $2,551 | $35,200 | $14,800 | $20,400 |
| 2019 | $1,125 | $35,200 | $14,800 | $20,400 |
| 2018 | $1,125 | $35,200 | $14,800 | $20,400 |
| 2017 | $1,152 | $35,200 | $14,800 | $20,400 |
| 2016 | $1,454 | $33,280 | $0 | $0 |
| 2014 | $1,454 | $33,280 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Curtis Braden, CCIM
-
Randall Weatherall
Buyer's Agent in 2019
Randall Weatherall
Memphis Metro Realty
(731) 487-5843
1 in this area
184 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10059765
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