NOT LISTED FOR SALE

672 Lipford St Memphis, TN 38112

Binghampton Neighborhood

Estimated Value: $55,000 - $63,000

2 Beds
1 Bath
100-999 Sq Ft
$59/Sq Ft Est. Value

Last Sold April 10, 2024

Last sale price $60,000 $60 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $338/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Porch
  • Main Floor Primary Bedroom
  • Some Wood Windows
  • Patio

About This Home

As of April 2024

Seize this rehabbed 2-bedroom,1-bath home in a burgeoning area. Already generating cash flow with a tenant paying $900/month, this property promises immediate income and appreciation potential. Ideal for investors aiming for quick returns and long-term growth. Priced to attract attention in a growing community, it??s a perfect portfolio addition. Act fast to capitalize on this turnkey investment opportunity in an area set for expansion. A smart buy for savvy investors. *Don't Disturb Tenants*

Last Agent to Sell the Property

Jeffery Sample

eXp Realty, LLC License #357739 Listed on: 03/02/2024

eXp Realty, LLC

Last Buyer's Agent

Molly Phillips

BHHS McLemore & Co. Realty License #259627

BHHS McLemore & Co. Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $182

Year Built

  • Built in 1931

Lot Details

  • Lot Dimensions are 50x101
  • Few Trees

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 100-999 Sq Ft Home
  • 980 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Outdoor Storage
  • Porch

Location

  • Ground Level

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • Summer Avenue Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052070 00023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$182

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 7531
  • MAAR Subdivision Name: SUMMER AVE
  • Number Of Stories: 1
  • Price Per Sq Ft: 61.22
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 980
  • Year Built: 1931
  • List Price/ Sq Ft: 66
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • First Story Floor Plan: Dining Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 2
  • Bedrooms Down: 1
  • Floors/Ceilings: Smooth Ceiling
  • Full Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Smooth Ceiling

Exterior Features

  • Misc Exterior: Porch, Patio, Storage
  • Exterior Windows: Wood/Composition

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Size: 50X101

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 052070 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2024
Closed on
Apr 9, 2024
Sold by
Carachure Edras
Bought by
Windsor Jescynthia A
Seller's Agent
Jeffery Sample
eXp Realty, LLC
Buyer's Agent
Molly Phillips
BHHS McLemore & Co. Realty
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%
Views
64
Current Estimated Value
$59,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$834
Avg. Annual Appreciation
-3.27%

Purchase Details

Closed on
Jan 18, 2021
Sold by
Freeman James
Bought by
Carachure Edras

Purchase Details

Closed on
Jan 16, 2001
Sold by
Alvin Jones
Bought by
Freeman James L
Source: Public Records

Range of Values:

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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
Windsor Jescynthia A $60,000 None Listed On Document
Carachure Edras $23,000 Omega T&E Svc Sllc
Freeman James L $2,562 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Sold $60,000 -7.7% $600 / Sq Ft
03/07/2024 03/07/24 Pending -- -- --
03/02/2024 03/02/24 For Sale $65,000 -- $650 / 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 $182 $15,025 $2,250 $12,775
2024 $182 $5,375 $1,125 $4,250
2023 $327 $5,375 $1,125 $4,250
2022 $327 $5,375 $1,125 $4,250
2021 $185 $5,375 $1,125 $4,250
2020 $326 $4,500 $1,125 $3,375
2019 $144 $4,500 $1,125 $3,375
2018 $144 $4,500 $1,125 $3,375
2017 $147 $4,500 $1,125 $3,375
2016 $202 $4,625 $0 $0
2014 $202 $4,625 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jeffery Sample

    eXp Realty, LLC

    (901) 801-2413

    4 in this area

    69 Total Sales

    Section Image
  • Molly Phillips

    Buyer's Agent in 2024

    Molly Phillips

    BHHS McLemore & Co. Realty

    (901) 336-1406

    1 in this area

    91 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10166998

Memphis Area Association of REALTORS®

APN: 05-2070-0-0023

Tennessee Shelby County Memphis 38112 Binghampton

672 Lipford St, Memphis, TN

This home is located at 672 Lipford St, Memphis, TN 38112 since 02 March 2024 and is currently estimated at $59,166, approximately $59 per square foot. This property was built in 1931. 672 Lipford St is a home located in Shelby County with nearby schools including Brewster Elementary School, Treadwell Middle School, and Douglass High School.

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