NOT LISTED FOR SALE

Estimated Value: $77,000 - $109,000

20 Beds
2 Baths
1,204 Sq Ft
$79/Sq Ft Est. Value

Last Sold September 06, 2017

Last sale price $170,000 $141 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $522/month

Highlights

  • 28,340 Acre Lot
  • Vinyl Flooring
  • Garden Home
  • Central Heating and Cooling System
  • 1-Story Property
  • 3-minute walk to Hanley Park

About This Home

As of September 2017

The Hanley duplex portfolio consists of 681, 685, 689, and 699 Hanley. They are located in the Orange Mound area across the street from Hanley Elementary School. The units are all 2 bedroom. The scheduled monthly income is $4,250/month.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 05/15/2017

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 05/15/2017

Crye-Leike Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $296

Year Built

  • Built in 1931

Lot Details

  • 28,340 Acre Lot
  • Lot Dimensions are 41.6 x 138

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 1,204 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 5 Buildings
  • 10 Units
  • Louis G Guths Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 029060 00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$296

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Flat/Garden Units
  • MLS Map #: 757A
  • MAAR Subdivision Name: ORANGE MOUND
  • Freestanding: Yes
  • List Price Per Sq Ft: 149
  • Number Of Stories: 1
  • Price Per Sq Ft: 6
  • Estimated Sq Ft: 1204
  • Year Built: 1931
  • Construction: Brick/Veneer
  • List Price Per Unit: 17900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Vinyl Floor

Exterior Features

  • Foundation: Slab
  • Roof: Shingle/Shake, Pitched

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central, Electrial
  • Heating Systems: Central, Electrical

Lot Info

  • Lot Number: 1
  • Acreage: 28340
  • Lot Size: 41.6 X 138
  • Price Per Acre: 6
  • Improved Sq Ft: 6136

Rental Info

  • Actual Annual Rent: 38675
  • Leaseable Sq Ft: 6136
  • Tenant Pays: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 029060 00012

Multi Family

  • Perc Occ: 80
  • Total Number Of Units: 10
  • Number2 Bedroom Units: 10
  • Type of Unit: 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2017
Closed on
Sep 6, 2017
Sold by
Gray Lasimba
Bought by
Booker Cedric
Seller's Agent
Jeffrey Moore
Crye-Leike Commercial
Buyer's Agent
Jeffrey Moore
Crye-Leike Commercial
List Price
$179,000
Sold Price
$170,000
Premium/Discount to List
-$9,000
-5.03%
Current Estimated Value
$94,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75,131
Avg. Annual Appreciation
-6.92%
Original Mortgage
$128,000
Outstanding Balance
$106,889
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
-$12,020

Purchase Details

Closed on
Jul 26, 2007
Sold by
Perry Virgil
Bought by
Gray L Lasimba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 1996
Sold by
Collins James L and Collins Daughter Jeanine M
Bought by
Perry Virgil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,500
Interest Rate
8.13%
Mortgage Type
Seller Take Back
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
Booker Cedric $170,000 None Available
Gray L Lasimba $231,000 None Available
Perry Virgil $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Booker Cedric $128,000
Previous Owner Gray L Lasimba $188,000
Previous Owner Perry Virgil $16,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2017 09/06/17 Sold $170,000 -5.0% $141 / Sq Ft
05/19/2017 05/19/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $179,000 -- $149 / 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 $296 $25,480 $2,400 $23,080
2024 $296 $8,720 $1,200 $7,520
2023 $531 $8,720 $1,200 $7,520
2022 $531 $8,720 $1,200 $7,520
2021 $537 $8,720 $1,200 $7,520
2020 $1,020 $14,080 $1,200 $12,880
2019 $450 $14,080 $1,200 $12,880
2018 $450 $14,080 $1,200 $12,880
2017 $461 $14,080 $1,200 $12,880
2016 $736 $16,840 $0 $0
2014 $736 $16,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10002493

Memphis Area Association of REALTORS®

APN: 02-9060-0-0012