Seller's Agent in 2024
Traci Braden
Braden, Braden & Braden LLC
(901) 830-6632
1 in this area
13 Total Sales
655 E Mclemore Ave Memphis, TN 38106
South Memphis Neighborhood
8
Beds
--
Bath
4,600
Sq Ft
8,276
Sq Ft Lot
About This Home
As of April 2024The asset at 655 E McLemore is a four-unit value-add property. The property is currently running at a 25% occupancy, with all of the units in need of full renovations. Each unit is two bedrooms with one full bathroom. The current tenant is paying $375 a month. The market rent for this unit type is approximately $700-$800 a month. Renovations are recommended to generate the market rent which is attainable due to the location of the property.
Last Agent to Sell the Property
Braden, Braden & Braden LLC License #352872 Listed on: 12/06/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1936
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 50 x 170
Parking
- Paved Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Pitched Roof
- Shingle Roof
Interior Spaces
- 4,600 Sq Ft Home
- 2-Story Property
- Wood Flooring
- Basement Fills Entire Space Under The House
- Washer and Dryer Hookup
Community Details
- 4 Units
- Pond Subdivision
Listing and Financial Details
- Tenant pays for gas, electric
- Assessor Parcel Number 025043 00004
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
Dec 6, 2023
Closed on
Apr 15, 2024
Sold by
Bought by
Seller's Agent
Traci Braden
Braden, Braden & Braden LLC
Buyer's Agent
Curtis Braden, CCIM
Braden, Braden & Braden LLC
List Price
$120,000
Sold Price
$86,000
Premium/Discount to List
-$34,000
-28.33%
Views
312
Purchase Details
Closed on
Sep 29, 2023
Sold by
Bought by
Purchase Details
Listed on
Apr 4, 2011
Closed on
May 7, 2012
Sold by
Bought by
Seller's Agent
Lisa Nelson
Exit Wise Master-Builders Real
Buyer's Agent
Toni Smith
BHHS Taliesyn Realty
List Price
$39,999
Sold Price
$33,000
Premium/Discount to List
-$6,999
-17.5%
Purchase Details
Closed on
Aug 26, 2005
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 |
|---|---|---|---|
| $86,000 | Preferred Title & Escrow | ||
| $45,000 | Preferred Title & Escrow | ||
| $33,000 | None Available | ||
| -- | None Available |
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 | Prior Sale |
|---|---|---|---|---|---|
| 04/16/2024 04/16/24 | Sold | $86,000 | -28.3% | $19 / Sq Ft | |
| 12/06/2023 12/06/23 | For Sale | $120,000 | +263.6% | $26 / Sq Ft | |
| 05/04/2012 05/04/12 | Sold | $33,000 | -17.5% | $7 / Sq Ft | View Prior Sale |
| 03/19/2012 03/19/12 | Pending | -- | -- | -- | |
| 04/04/2011 04/04/11 | For Sale | $39,999 | -- | $9 / 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 | $1,174 | $43,640 | $5,120 | $38,520 |
| 2024 | -- | $11,880 | $4,920 | $6,960 |
| 2023 | $724 | $11,880 | $4,920 | $6,960 |
| 2022 | $724 | $11,880 | $4,920 | $6,960 |
| 2021 | $732 | $11,880 | $4,920 | $6,960 |
| 2020 | $791 | $10,920 | $4,920 | $6,000 |
| 2019 | $791 | $10,920 | $4,920 | $6,000 |
| 2018 | $791 | $10,920 | $4,920 | $6,000 |
| 2017 | $449 | $10,920 | $4,920 | $6,000 |
| 2016 | $624 | $14,280 | $0 | $0 |
| 2014 | $624 | $14,280 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Traci Braden
-
Curtis Braden, CCIM
Seller Co-Listing Agent in 2024
Curtis Braden, CCIM
Braden, Braden & Braden LLC
(901) 323-1925
1 in this area
20 Total Sales
-
Lisa Nelson
Seller's Agent in 2012
Lisa Nelson
Exit Wise Master-Builders Real
(901) 246-5395
3 in this area
99 Total Sales
-
T
Buyer's Agent in 2012
Toni Smith
BHHS Taliesyn Realty
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10162170
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