NOT LISTED FOR SALE

Estimated Value: $493,527 - $500,000

0.28 Acres
$1,774,157 Price per Acre
12,197 Sq Ft Lot

Last Sold July 22, 2022

Last sale price $200,000

Est. 148% increase in value since last sale

Current estimated payment $2,586/month

31 Days on Market

About This Lot

As of July 2022

Connected to vacant multifamily building (324 E Georgia Ave) located within minutes of Downtown Memphis, FedEx Forum, Beale Street entertainment district, National Civil Rights Museum, Orphum Theatre, restaurants, shopping and much more. Perfect for future multi-story development or vacation Airbnb rental for trips to Memphis.

Last Agent to Sell the Property

Yvonne Spencer

Keller Williams License #361348 Listed on: 02/23/2022

Keller Williams

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330

Crye-Leike Commercial

Property Details

Property Type

  • Land

Lot Details

  • 0.28 Acre Lot
  • Corner Lot
  • Level Lot
  • Property is zoned SDR

Community Details

  • Overton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 011004 00015 and 011004 00016

Property Details

Property Type

Land

Lot Details

0.28 Acres

Listing Details

  • Class: Land
  • Type: Land
  • Location: Corner
  • MAAR Subdivision Name: OVERTON
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Paved

Utilities

  • Utilities: Public Water, Electricity, Public Sewer

Lot Info

  • Lot Number: 226-227
  • Acreage: 0.28
  • Lot Size: 110X120 plus 65x120
  • Zoning: SDR
  • Present Usage: None/Vacant
  • Shape: Regular
  • Topographic Feature: Level
  • Zoning Of Adjacent Area: Single Family, Multi-Family

Tax Info

  • Assessor Parcel Number: 011004 00015 and 011004 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Jul 22, 2022
Sold by
Mdm Investments Of Memphis Llc
Bought by
Greenglove Capital Llc and Jaymor Development Llc
Seller's Agent
Yvonne Spencer
Keller Williams
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$300,000
Sold Price
$200,000
Premium/Discount to List
-$100,000
-33.33%
Current Estimated Value
$496,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,764
Avg. Annual Appreciation
28.93%
Original Mortgage
$400,000
Outstanding Balance
$382,231
Interest Rate
5.78%
Mortgage Type
Seller Take Back
Estimated Equity
$114,533

Purchase Details

Closed on
Jun 22, 2017
Sold by
Gill Freddie
Bought by
Mdm Investments Of Memphis Llc

Purchase Details

Closed on
Mar 16, 2016
Sold by
County Of Shelby
Bought by
Gill Freddie

Purchase Details

Closed on
Dec 20, 2005
Sold by
Moses Toni
Bought by
Fajardo Amador and Ogwudire Charles

Purchase Details

Closed on
Oct 18, 2001
Sold by
Bates Robert C
Bought by
Moses Toni
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
Greenglove Capital Llc $500,000 Saddle Creek Title
Mdm Investments Of Memphis Llc -- Baymark Title And Escrow
Gill Freddie $4,000 None Available
Fajardo Amador $179,500 Southern Trust Title Company
Moses Toni $125,000 --
Moses Toni $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenglove Capital Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2022 07/22/22 Sold $200,000 -33.3% --
02/23/2022 02/23/22 For Sale $300,000 -- --
Source: Memphis Area Association of REALTORS®

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 $411 $16,960 $16,960 --
2024 $411 $12,120 $12,120 --
2023 $738 $12,120 $12,120 $0
2022 $738 $12,120 $12,120 $0
2021 $747 $12,120 $12,120 $0
2020 $481 $6,640 $6,640 $0
2019 $481 $6,640 $6,640 $0
2018 $481 $6,640 $6,640 $0
2017 $273 $6,640 $6,640 $0
2016 $225 $0 $0 $0
2014 $290 $6,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10118186

Memphis Area Association of REALTORS®

APN: 01-1004-0-0015

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