NOT LISTED FOR SALE

Estimated Value: $224,000

0.06 Acre
$3,733,333 Price per Acre
2,614 Sq Ft Lot

Last Sold October 16, 2024

Last sale price $3,500

Est. 6,300% increase in value since last sale

Current estimated payment $1,374/month

108 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • Lot Has A Rolling Slope
  • No Heating

About This Lot

As of October 2024

Here's a Great Oppurtunity to purchase a Vacant lot 2875 Sq ft in the heart of Downtown Memphis!! Great project for a New Build. Just minutes away from the Interstate and West Memphis Bridge. ***Seller is motivated to Sell!!!*** Cash buyers Must show proof of funds.. Property was purchased in a Tax Sale...ZONED CMU-3 COMMERCIAL MIXED USE Development. I have sold several. ~~ Property was purchased in 2018, no redemption period and can obtain Title Insurance with a Risk Endorse Policy added.~~

Property Details

Property Type

  • Land

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 29x100
  • Paved or Partially Paved Lot
  • Lot Has A Rolling Slope
  • Property is zoned CMU-3

Community Details

  • Hill Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 032002 00015

Property Details

Property Type

Land

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Prop. Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Pool Private: No
  • Road Surface Type: Paved
  • Topography: Rolling Slope
  • View: No
  • Waterfront: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Zoning: CMU-3
  • Lot Features: Rolling Slope
  • Lot Size Acres: 0.06
  • Lot Size: 29X100
  • Lot Size Units: Acres
  • Parcel #: 032002 00015

Tax Info

  • Tax Annual Amount: 54
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2024
Closed on
Oct 16, 2024
Sold by
Degefe Goshu T
Bought by
Landry Mark
List Price
$7,900
Sold Price
$3,500
Premium/Discount to List
-$4,400
-55.7%
Views
18
Current Estimated Value
$224,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,500
Avg. Annual Appreciation
1981.51%

Purchase Details

Closed on
Apr 26, 2018
Sold by
County Of Shelby
Bought by
Degefe Goshu T

Purchase Details

Closed on
Sep 27, 2001
Sold by
County Of Shelby
Bought by
Baldwin William L
Source: Public Records
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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
Landry Mark $3,500 Tca Title Llc
Degefe Goshu T $500 None Available
Baldwin William L $700 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2024 10/16/24 Sold $3,500 -55.7% --
10/16/2024 10/16/24 Pending -- -- --
06/30/2024 06/30/24 For Sale $7,900 -- --
Source: Realtracs

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 -- $1,375 $1,375 --
2024 -- $875 $875 --
2023 $53 $875 $875 $0
2022 $53 $875 $875 $0
2021 $63 $875 $875 $0
2020 $63 $875 $875 $0
2019 $28 $875 $875 $0
2018 $30 $0 $0 $0
2017 $0 $0 $0 $0
2016 $38 $875 $0 $0
2014 $38 $875 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 3034282

Realtracs

APN: 03-2002-0-0015

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