NOT LISTED FOR SALE

623 Frayser Dr Memphis, TN 38127

Frayser Neighborhood

Estimated Value: $96,000 - $112,956

3 Beds
1 Bath
1,000-1,199 Sq Ft
$88/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $92,000 $77 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $600/month

91 Days on Market

About This Home

As of December 2023

Check out this newly renovated Frayser area gem. This home has everything! New roof, new HVAC, new kitchens and baths, new flooring, new paint, landscaping and so much more. This will be the perfect home for a first time home buyer or even a great rental for the savvy investor. Garage door to be installed and new HVAC and water tank will be installed before closing.

Last Agent to Sell the Property

Stephen Akindona

Kairos Realty License #329215 Listed on: 08/18/2023

Last Buyer's Agent

Stephen Akindona

Kairos Realty License #329215 Listed on: 08/18/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60x113

Home Design

  • Property Attached

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,144 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Covered Space

Community Details

  • Hammond Hills Blk A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 069072 00012

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • MAAR Subdivision Name: HAMMOND HILLS BLK A
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1144
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1

Lot Info

  • Lot Number: 11
  • Acreage: 0.15
  • Lot Size: 60X113

Tax Info

  • Assessor Parcel Number: 069072 00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Jan 30, 2024
Sold by
Golshani Pouyan
Bought by
Repit Realty Group Llc
Seller's Agent
Stephen Akindona
Kairos Realty
Buyer's Agent
Stephen Akindona
Kairos Realty
List Price
$105,000
Sold Price
$92,000
Premium/Discount to List
-$13,000
-12.38%
Views
91
Current Estimated Value
$105,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,739
Avg. Annual Appreciation
6.96%
Original Mortgage
$78,200
Outstanding Balance
$76,900
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$28,839

Purchase Details

Listed on
Aug 18, 2023
Closed on
Dec 29, 2023
Sold by
Quick Sell Memphis Gp
Bought by
Golshani Pouyan
Seller's Agent
Stephen Akindona
Kairos Realty
Buyer's Agent
Stephen Akindona
Kairos Realty
List Price
$105,000
Sold Price
$92,000
Premium/Discount to List
-$13,000
-12.38%
Views
91

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,200
Outstanding Balance
$76,900
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$28,839

Purchase Details

Listed on
Aug 18, 2023
Closed on
Dec 1, 2023
Sold by
Akindona Eunice
Bought by
Quick Sell Memphis Gp
Seller's Agent
Stephen Akindona
Kairos Realty
Buyer's Agent
Stephen Akindona
Kairos Realty
List Price
$105,000
Sold Price
$92,000
Premium/Discount to List
-$13,000
-12.38%
Views
91

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,200
Outstanding Balance
$76,900
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$28,839

Purchase Details

Closed on
May 24, 2023
Sold by
Medusa Llc
Bought by
Akindona Eunice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2019
Sold by
Sorroeix Inc
Bought by
Gfi Rei 901 2018 Llc

Purchase Details

Closed on
Dec 9, 2019
Sold by
Gfi Rei 901 2018 Llc
Bought by
Medusa Llc

Purchase Details

Closed on
Oct 26, 2018
Sold by
Property Factor Aus Llc
Bought by
Sorroeix Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,332,031
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2018
Sold by
Frayser Allen Llc
Bought by
Property Factor Aus Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,332,031
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 2012
Sold by
Reddoch Management Llc
Bought by
Frayser Allen Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,450
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 29, 2008
Sold by
Adams John W
Bought by
Reddoch Management Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Repit Realty Group Llc -- Saddle Creek Title
Golshani Pouyan $92,000 Saddle Creek Title
Quick Sell Memphis Gp -- Saddle Creek Title
Akindona Eunice $30,000 Saddle Creek Title
Gfi Rei 901 2018 Llc $20,000 Saddle Creek Title Llc
Medusa Llc $28,000 None Available
Sorroeix Inc -- None Available
Property Factor Aus Llc -- None Available
Frayser Allen Llc $42,900 None Available
Reddoch Management Llc $25,863 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golshani Pouyan $78,200
Previous Owner Akindona Eunice $84,000
Previous Owner Sorroeix Inc $2,332,031
Previous Owner Frayser Allen Llc $21,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2023 12/29/23 Sold $92,000 -12.4% $92 / Sq Ft
08/18/2023 08/18/23 For Sale $105,000 -- $105 / 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 $609 $29,625 $1,450 $28,175
2024 $423 $17,950 $1,425 $16,525
2023 $760 $12,475 $1,425 $11,050
2022 $760 $12,475 $1,425 $11,050
2021 $430 $12,475 $1,425 $11,050
2020 $647 $8,925 $1,425 $7,500
2019 $285 $8,925 $1,425 $7,500
2018 $285 $8,925 $1,425 $7,500
2017 $292 $8,925 $1,425 $7,500
2016 $426 $9,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Akindona

    Seller's Agent in 2023

    Stephen Akindona

    Kairos Realty

    (901) 486-6688

    17 in this area

    76 Total Sales

    Stephen Akindona
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10154750

Memphis Area Association of REALTORS®

APN: 06-9072-0-0012

Tennessee Shelby County Memphis 38127 Frayser

623 Frayser Dr, Memphis, TN

Not Listed for Sale

MultiFamily

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